Home > Aerospace & Defense > Aerospace Materials > Aviation Carbon Fiber Market

Aviation Carbon Fiber Market Trends

  • Report ID: GMI12359
  • Published Date: Nov 2024
  • Report Format: PDF

Aviation Carbon Fiber Market Trends

The aviation industry's increasing focus on sustainability is driving the adoption of carbon fiber composites. These materials, known for their lightweight and durable properties, are becoming a preferred alternative to traditional aluminum and steel in aerospace applications. This shift aligns with industry efforts to reduce carbon emissions, improve fuel efficiency, and minimize waste.
 

For instance, Toray composite materials America Inc. has signed a 3-year MOU with elevated materials to repurpose scrap prepreg materials at its Tacoma, Washington facility. Elevated materials aim to eliminate carbon fiber waste in aerospace by upcycling scrap, having already diverted 200,000 pounds of carbon fiber waste since its inception. The development of bio-based carbon fibers and advancements in recycling technologies are expected to further support market growth, contributing to a more sustainable aviation sector.
 

Ongoing technological advancements in carbon fiber production are fueling its increased use in the aerospace sector. For instance, Urban Air Mobility (UAM) is revolutionizing transportation with electric vertical take-off and landing (eVTOL) vehicles, offering fast, clean, and efficient travel over cities. Carbon fiber composites are crucial in enabling this eco-friendly innovation. Innovations in manufacturing processes, such as automated fiber placement and resin transfer molding, are reducing the cost of carbon fiber materials. These improvements enable the production of complex, lightweight components more efficiently, leading to wider adoption in commercial and military aircraft. As production techniques evolve, the overall cost of carbon fiber composites is expected to decrease, potentially stimulating further demand in the aviation industry.

Authors: Suraj Gujar , Partha Paul

Frequently Asked Questions (FAQ) :

The global market size for aviation carbon fiber was valued at USD 2.2 billion in 2024 and is projected to reach USD 5.5 billion by 2034, driven by a CAGR of 9.8% from 2025 to 2034.

PAN-based carbon fiber accounted for 78.4% of the market share in 2024, driven by its exceptional strength-to-weight ratio and high durability.

The North America market is expected to surpass USD 1.7 billion by 2034, driven by the region's strong aerospace industry and advancements in carbon fiber production.

Major players in the industry include Aernnova Aerospace, Bally Ribbon Mills, BGF Industries Inc., Chomarat Group, DowAksa, DuPont de Nemours, Inc., Hexcel Corporation, HYOSUNG, Mitsubishi Chemical Group, Park Aerospace Corp, SGL Carbon SE, Solvay S.A., TEIJIN LIMITED, Toray Industries, Inc., and Zoltek Companies Incorporated.

Aviation Carbon Fiber Market Scope

Buy Now


Premium Report Details

  • Base Year: 2024
  • Companies covered: 13
  • Tables & Figures: 290
  • Countries covered: 18
  • Pages: 230
 Download Free Sample