The commercial aviation industry is increasing utilizing carbon fiber composites to provide greater stiffness and strength-to-weight ratios in aircrafts. With the rise in air traffic, aircraft manufacturers are increasing their production quantity and quality to facilitate air transportation. Commercial aircraft manufacturers are replacing conventional materials like aluminum and titanium alloys with carbon fibers for primary aircraft structures.
There is an increase in demand for carbon fiber material to manufacture various parts of commercial aircraft with optimum aerodynamic characteristics. For instance, in January 2022, Irkut’s (Moscow, Russia) MS-21-300 aircraft made its first flight from the airfield of the Irkutsk Aviation Plant. The wing of the aircraft is made from Russian-sourced carbon fiber. The Ministry of Industry and Trade of Russia invested $58 million for the creation of domestic materials for the composite wing.
An increase in demand for carbon fiber in the military aircraft industry has been witnessed for manufacturing of fuel-efficient, reliable aircrafts with longer range and reduced carbon emissions. Numerous manufacturers supply carbon fiber to aerospace companies to develop aerodynamically efficient structures. For instance, Hexcel, a composite material manufacturer, is currently qualified to provide materials to a broad range of more than 100 military aircraft and rotorcraft programs. These programs include the Eurofighter Typhoon, Dassault Rafale, 35 Jet Fighter, and the F/A-18E/F Hornet.
Aviation companies are entering into agreement with carbon fiber manufacturers to develop aircraft parts with maximum strength, reduced weight, and minimum drag. For instance, in July 2021, Hexcel signed a long-term agreement with Dassault Aviation (Paris, France) to supply carbon fiber prepreg for the Falcon 10X program. Under this contract, the company aims to incorporate high-performance carbon fiber composites in the manufacturing of its aircraft wings. Such developments to manufacture durable and lightweight aircrafts is expected to drive the demand for composite carbon fiber during the forecast period.
Moreover, defense organizations from various countries partner with research universities to develop advanced carbon fiber to reduce manufacturing costs. For instance, in November 2022, Montana State University started a research project funded by a total of $25.8 million in contracts from the U.S. Army. This research included the development of a method to produce “stretch-broken” carbon fibers that can be easily molded into the complex shapes of aircraft and significantly reduce manufacturing costs. Therefore, constant research to create carbon fiber for manufacturing of lightweight and fuel-efficient aircrafts is expected to provide significant opportunities for the growth of the market.
The aviation carbon fiber market is segmented on the basis of raw material, type, end use, and region. By raw material, it is bifurcated into PAN-based carbon fiber and pitch-based carbon fiber. By type, the market is classified into continuous, long, and short. By end use, it is fragmented into commercial, military, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the market include Mitsubishi Chemical Group Corporation, Nippon Steel Corporation, SGL Carbon, Teijin Limited, Toray Industries, Inc., Hexcel Corporation, Solvay, Hyosung, OJSC SvetlogorskKhimvolokno, and DowAksa.
There is an increase in demand for carbon fiber material to manufacture various parts of commercial aircraft with optimum aerodynamic characteristics. For instance, in January 2022, Irkut’s (Moscow, Russia) MS-21-300 aircraft made its first flight from the airfield of the Irkutsk Aviation Plant. The wing of the aircraft is made from Russian-sourced carbon fiber. The Ministry of Industry and Trade of Russia invested $58 million for the creation of domestic materials for the composite wing.
An increase in demand for carbon fiber in the military aircraft industry has been witnessed for manufacturing of fuel-efficient, reliable aircrafts with longer range and reduced carbon emissions. Numerous manufacturers supply carbon fiber to aerospace companies to develop aerodynamically efficient structures. For instance, Hexcel, a composite material manufacturer, is currently qualified to provide materials to a broad range of more than 100 military aircraft and rotorcraft programs. These programs include the Eurofighter Typhoon, Dassault Rafale, 35 Jet Fighter, and the F/A-18E/F Hornet.
Aviation companies are entering into agreement with carbon fiber manufacturers to develop aircraft parts with maximum strength, reduced weight, and minimum drag. For instance, in July 2021, Hexcel signed a long-term agreement with Dassault Aviation (Paris, France) to supply carbon fiber prepreg for the Falcon 10X program. Under this contract, the company aims to incorporate high-performance carbon fiber composites in the manufacturing of its aircraft wings. Such developments to manufacture durable and lightweight aircrafts is expected to drive the demand for composite carbon fiber during the forecast period.
Moreover, defense organizations from various countries partner with research universities to develop advanced carbon fiber to reduce manufacturing costs. For instance, in November 2022, Montana State University started a research project funded by a total of $25.8 million in contracts from the U.S. Army. This research included the development of a method to produce “stretch-broken” carbon fibers that can be easily molded into the complex shapes of aircraft and significantly reduce manufacturing costs. Therefore, constant research to create carbon fiber for manufacturing of lightweight and fuel-efficient aircrafts is expected to provide significant opportunities for the growth of the market.
The aviation carbon fiber market is segmented on the basis of raw material, type, end use, and region. By raw material, it is bifurcated into PAN-based carbon fiber and pitch-based carbon fiber. By type, the market is classified into continuous, long, and short. By end use, it is fragmented into commercial, military, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the market include Mitsubishi Chemical Group Corporation, Nippon Steel Corporation, SGL Carbon, Teijin Limited, Toray Industries, Inc., Hexcel Corporation, Solvay, Hyosung, OJSC SvetlogorskKhimvolokno, and DowAksa.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the aviation carbon fiber market analysis from 2021 to 2031 to identify the prevailing aviation carbon fiber market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the aviation carbon fiber market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global aviation carbon fiber market trends, key players, market segments, application areas, and market growth Strategies.
Key Market Segments
By Raw Material
- PAN-based carbon fiber
- Pitch-based carbon fiber
By Type
- Continuous
- Long
- Short
By End Use
- Commercial
- Military
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Toray Industries, Inc.
- Solvay
- SGL Carbon
- NIPPON STEEL CORPORATION
- TEIJIN LIMITED
- Hexcel Corporation
- HYOSUNG
- OJSC SvetlogorskKhimvolokno
- DowAksa
- Mitsubishi Chemical Group Corporation
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate bargaining power of buyers
3.3.3. Moderate threat of substitutes
3.3.4. High threat of new entrants
3.3.5. High intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Stringent regulations to reduce environmental emissions from the aviation sector
3.4.1.2. Rise in demand for low-weight, environment-friendly, and fuel-efficient aircrafts
3.4.1.3. Growth in the global aviation industry
3.4.1.4. Increase in use of carbon fiber in the military sector
3.4.2. Restraints
3.4.2.1. Complex manufacturing process
3.4.2.2. High cost of PAN-based carbon fiber
3.4.3. Opportunities
3.4.3.1. Surge in the popularity of electric aircrafts
3.4.3.2. Technological advancement and research
3.4.3.3. Rise in the use of carbon fiber for 3D printing in aviation
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: AVIATION CARBON FIBER MARKET, BY RAW MATERIAL
4.1. Overview
4.1.1. Market size and forecast
4.2. PAN-based carbon fiber
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Pitch-based carbon fiber
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
CHAPTER 5: AVIATION CARBON FIBER MARKET, BY TYPE
5.1. Overview
5.1.1. Market size and forecast
5.2. Continuous
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Long
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Short
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
CHAPTER 6: AVIATION CARBON FIBER MARKET, BY END USE
6.1. Overview
6.1.1. Market size and forecast
6.2. Commercial
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Military
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Others
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
CHAPTER 7: AVIATION CARBON FIBER MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by Raw Material
7.2.3. Market size and forecast, by Type
7.2.4. Market size and forecast, by End Use
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by Raw Material
7.2.5.1.3. Market size and forecast, by Type
7.2.5.1.4. Market size and forecast, by End Use
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by Raw Material
7.2.5.2.3. Market size and forecast, by Type
7.2.5.2.4. Market size and forecast, by End Use
7.2.5.3. Mexico
7.2.5.3.1. Key market trends, growth factors and opportunities
7.2.5.3.2. Market size and forecast, by Raw Material
7.2.5.3.3. Market size and forecast, by Type
7.2.5.3.4. Market size and forecast, by End Use
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by Raw Material
7.3.3. Market size and forecast, by Type
7.3.4. Market size and forecast, by End Use
7.3.5. Market size and forecast, by country
7.3.5.1. France
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by Raw Material
7.3.5.1.3. Market size and forecast, by Type
7.3.5.1.4. Market size and forecast, by End Use
7.3.5.2. Germany
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by Raw Material
7.3.5.2.3. Market size and forecast, by Type
7.3.5.2.4. Market size and forecast, by End Use
7.3.5.3. UK
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by Raw Material
7.3.5.3.3. Market size and forecast, by Type
7.3.5.3.4. Market size and forecast, by End Use
7.3.5.4. Russia
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by Raw Material
7.3.5.4.3. Market size and forecast, by Type
7.3.5.4.4. Market size and forecast, by End Use
7.3.5.5. Rest of Europe
7.3.5.5.1. Key market trends, growth factors and opportunities
7.3.5.5.2. Market size and forecast, by Raw Material
7.3.5.5.3. Market size and forecast, by Type
7.3.5.5.4. Market size and forecast, by End Use
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by Raw Material
7.4.3. Market size and forecast, by Type
7.4.4. Market size and forecast, by End Use
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by Raw Material
7.4.5.1.3. Market size and forecast, by Type
7.4.5.1.4. Market size and forecast, by End Use
7.4.5.2. Japan
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by Raw Material
7.4.5.2.3. Market size and forecast, by Type
7.4.5.2.4. Market size and forecast, by End Use
7.4.5.3. India
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by Raw Material
7.4.5.3.3. Market size and forecast, by Type
7.4.5.3.4. Market size and forecast, by End Use
7.4.5.4. South Korea
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by Raw Material
7.4.5.4.3. Market size and forecast, by Type
7.4.5.4.4. Market size and forecast, by End Use
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Key market trends, growth factors and opportunities
7.4.5.5.2. Market size and forecast, by Raw Material
7.4.5.5.3. Market size and forecast, by Type
7.4.5.5.4. Market size and forecast, by End Use
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by Raw Material
7.5.3. Market size and forecast, by Type
7.5.4. Market size and forecast, by End Use
7.5.5. Market size and forecast, by country
7.5.5.1. Latin America
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by Raw Material
7.5.5.1.3. Market size and forecast, by Type
7.5.5.1.4. Market size and forecast, by End Use
7.5.5.2. Middle East
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by Raw Material
7.5.5.2.3. Market size and forecast, by Type
7.5.5.2.4. Market size and forecast, by End Use
7.5.5.3. Africa
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by Raw Material
7.5.5.3.3. Market size and forecast, by Type
7.5.5.3.4. Market size and forecast, by End Use
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
9.1. NIPPON STEEL CORPORATION
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.2. SGL Carbon
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Business performance
9.2.7. Key strategic moves and developments
9.3. TEIJIN LIMITED
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Business performance
9.3.7. Key strategic moves and developments
9.4. Toray Industries, Inc.
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Business performance
9.4.7. Key strategic moves and developments
9.5. Hexcel Corporation
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Business performance
9.5.7. Key strategic moves and developments
9.6. Solvay
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. Business performance
9.7. HYOSUNG
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.7.6. Business performance
9.7.7. Key strategic moves and developments
9.8. OJSC SvetlogorskKhimvolokno
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.9. DowAksa
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.10. Mitsubishi Chemical Group Corporation
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. Business performance
9.10.7. Key strategic moves and developments
List of Tables
Table 01. Global Aviation Carbon Fiber Market, by Raw Material, 2021-2031 (Revenue, $Million)
Table 02. Aviation Carbon Fiber Market for Pan-based Carbon Fiber, by Region, 2021-2031 (Revenue, $Million)
Table 03. Aviation Carbon Fiber Market for Pitch-based Carbon Fiber, by Region, 2021-2031 (Revenue, $Million)
Table 04. Global Aviation Carbon Fiber Market, by Type, 2021-2031 (Revenue, $Million)
Table 05. Aviation Carbon Fiber Market for Continuous, by Region, 2021-2031 (Revenue, $Million)
Table 06. Aviation Carbon Fiber Market for Long, by Region, 2021-2031 (Revenue, $Million)
Table 07. Aviation Carbon Fiber Market for Short, by Region, 2021-2031 (Revenue, $Million)
Table 08. Global Aviation Carbon Fiber Market, by End Use, 2021-2031 (Revenue, $Million)
Table 09. Aviation Carbon Fiber Market for Commercial, by Region, 2021-2031 (Revenue, $Million)
Table 10. Aviation Carbon Fiber Market for Military, by Region, 2021-2031 (Revenue, $Million)
Table 11. Aviation Carbon Fiber Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 12. Aviation Carbon Fiber Market, by Region, 2021-2031 (Revenue, $Million)
Table 13. North America Aviation Carbon Fiber Market, by Raw Material, 2021-2031 (Revenue, $Million)
Table 14. North America Aviation Carbon Fiber Market, by Type, 2021-2031 (Revenue, $Million)
Table 15. North America Aviation Carbon Fiber Market, by End Use, 2021-2031 (Revenue, $Million)
Table 16. North America Aviation Carbon Fiber Market, by Country, 2021-2031 (Revenue, $Million)
Table 17. U.S. Aviation Carbon Fiber Market, by Raw Material, 2021-2031 (Revenue, $Million)
Table 18. U.S. Aviation Carbon Fiber Market, by Type, 2021-2031 (Revenue, $Million)
Table 19. U.S. Aviation Carbon Fiber Market, by End Use, 2021-2031 (Revenue, $Million)
Table 20. Canada Aviation Carbon Fiber Market, by Raw Material, 2021-2031 (Revenue, $Million)
Table 21. Canada Aviation Carbon Fiber Market, by Type, 2021-2031 (Revenue, $Million)
Table 22. Canada Aviation Carbon Fiber Market, by End Use, 2021-2031 (Revenue, $Million)
Table 23. Mexico Aviation Carbon Fiber Market, by Raw Material, 2021-2031 (Revenue, $Million)
Table 24. Mexico Aviation Carbon Fiber Market, by Type, 2021-2031 (Revenue, $Million)
Table 25. Mexico Aviation Carbon Fiber Market, by End Use, 2021-2031 (Revenue, $Million)
Table 26. Europe Aviation Carbon Fiber Market, by Raw Material, 2021-2031 (Revenue, $Million)
Table 27. Europe Aviation Carbon Fiber Market, by Type, 2021-2031 (Revenue, $Million)
Table 28. Europe Aviation Carbon Fiber Market, by End Use, 2021-2031 (Revenue, $Million)
Table 29. Europe Aviation Carbon Fiber Market, by Country, 2021-2031 (Revenue, $Million)
Table 30. France Aviation Carbon Fiber Market, by Raw Material, 2021-2031 (Revenue, $Million)
Table 31. France Aviation Carbon Fiber Market, by Type, 2021-2031 (Revenue, $Million)
Table 32. France Aviation Carbon Fiber Market, by End Use, 2021-2031 (Revenue, $Million)
Table 33. Germany Aviation Carbon Fiber Market, by Raw Material, 2021-2031 (Revenue, $Million)
Table 34. Germany Aviation Carbon Fiber Market, by Type, 2021-2031 (Revenue, $Million)
Table 35. Germany Aviation Carbon Fiber Market, by End Use, 2021-2031 (Revenue, $Million)
Table 36. UK Aviation Carbon Fiber Market, by Raw Material, 2021-2031 (Revenue, $Million)
Table 37. UK Aviation Carbon Fiber Market, by Type, 2021-2031 (Revenue, $Million)
Table 38. UK Aviation Carbon Fiber Market, by End Use, 2021-2031 (Revenue, $Million)
Table 39. Russia Aviation Carbon Fiber Market, by Raw Material, 2021-2031 (Revenue, $Million)
Table 40. Russia Aviation Carbon Fiber Market, by Type, 2021-2031 (Revenue, $Million)
Table 41. Russia Aviation Carbon Fiber Market, by End Use, 2021-2031 (Revenue, $Million)
Table 42. Rest of Europe Aviation Carbon Fiber Market, by Raw Material, 2021-2031 (Revenue, $Million)
Table 43. Rest of Europe Aviation Carbon Fiber Market, by Type, 2021-2031 (Revenue, $Million)
Table 44. Rest of Europe Aviation Carbon Fiber Market, by End Use, 2021-2031 (Revenue, $Million)
Table 45. Asia-Pacific Aviation Carbon Fiber Market, by Raw Material, 2021-2031 (Revenue, $Million)
Table 46. Asia-Pacific Aviation Carbon Fiber Market, by Type, 2021-2031 (Revenue, $Million)
Table 47. Asia-Pacific Aviation Carbon Fiber Market, by End Use, 2021-2031 (Revenue, $Million)
Table 48. Asia-Pacific Aviation Carbon Fiber Market, by Country, 2021-2031 (Revenue, $Million)
Table 49. China Aviation Carbon Fiber Market, by Raw Material, 2021-2031 (Revenue, $Million)
Table 50. China Aviation Carbon Fiber Market, by Type, 2021-2031 (Revenue, $Million)
Table 51. China Aviation Carbon Fiber Market, by End Use, 2021-2031 (Revenue, $Million)
Table 52. Japan Aviation Carbon Fiber Market, by Raw Material, 2021-2031 (Revenue, $Million)
Table 53. Japan Aviation Carbon Fiber Market, by Type, 2021-2031 (Revenue, $Million)
Table 54. Japan Aviation Carbon Fiber Market, by End Use, 2021-2031 (Revenue, $Million)
Table 55. India Aviation Carbon Fiber Market, by Raw Material, 2021-2031 (Revenue, $Million)
Table 56. India Aviation Carbon Fiber Market, by Type, 2021-2031 (Revenue, $Million)
Table 57. India Aviation Carbon Fiber Market, by End Use, 2021-2031 (Revenue, $Million)
Table 58. South Korea Aviation Carbon Fiber Market, by Raw Material, 2021-2031 (Revenue, $Million)
Table 59. South Korea Aviation Carbon Fiber Market, by Type, 2021-2031 (Revenue, $Million)
Table 60. South Korea Aviation Carbon Fiber Market, by End Use, 2021-2031 (Revenue, $Million)
Table 61. Rest of Asia-Pacific Aviation Carbon Fiber Market, by Raw Material, 2021-2031 (Revenue, $Million)
Table 62. Rest of Asia-Pacific Aviation Carbon Fiber Market, by Type, 2021-2031 (Revenue, $Million)
Table 63. Rest of Asia-Pacific Aviation Carbon Fiber Market, by End Use, 2021-2031 (Revenue, $Million)
Table 64. LAMEA Aviation Carbon Fiber Market, by Raw Material, 2021-2031 (Revenue, $Million)
Table 65. LAMEA Aviation Carbon Fiber Market, by Type, 2021-2031 (Revenue, $Million)
Table 66. LAMEA Aviation Carbon Fiber Market, by End Use, 2021-2031 (Revenue, $Million)
Table 67. LAMEA Aviation Carbon Fiber Market, by Country, 2021-2031 (Revenue, $Million)
Table 68. Latin America Aviation Carbon Fiber Market, by Raw Material, 2021-2031 (Revenue, $Million)
Table 69. Latin America Aviation Carbon Fiber Market, by Type, 2021-2031 (Revenue, $Million)
Table 70. Latin America Aviation Carbon Fiber Market, by End Use, 2021-2031 (Revenue, $Million)
Table 71. Middle East Aviation Carbon Fiber Market, by Raw Material, 2021-2031 (Revenue, $Million)
Table 72. Middle East Aviation Carbon Fiber Market, by Type, 2021-2031 (Revenue, $Million)
Table 73. Middle East Aviation Carbon Fiber Market, by End Use, 2021-2031 (Revenue, $Million)
Table 74. Africa Aviation Carbon Fiber Market, by Raw Material, 2021-2031 (Revenue, $Million)
Table 75. Africa Aviation Carbon Fiber Market, by Type, 2021-2031 (Revenue, $Million)
Table 76. Africa Aviation Carbon Fiber Market, by End Use, 2021-2031 (Revenue, $Million)
Table 77. Nippon Steel Corporation: Key Executives
Table 78. Nippon Steel Corporation: Company Snapshot
Table 79. Nippon Steel Corporation: Product Segments
Table 80. Nippon Steel Corporation: Product Portfolio
Table 81. Sgl Carbon: Key Executives
Table 82. Sgl Carbon: Company Snapshot
Table 83. Sgl Carbon: Product Segments
Table 84. Sgl Carbon: Product Portfolio
Table 85. Sgl Carbon: Key Strategies
Table 86. Teijin Limited: Key Executives
Table 87. Teijin Limited: Company Snapshot
Table 88. Teijin Limited: Service Segments
Table 89. Teijin Limited: Product Portfolio
Table 90. Teijin Limited: Key Strategies
Table 91. Toray Industries, Inc.: Key Executives
Table 92. Toray Industries, Inc.: Company Snapshot
Table 93. Toray Industries, Inc.: Service Segments
Table 94. Toray Industries, Inc.: Product Portfolio
Table 95. Toray Industries, Inc.: Key Strategies
Table 96. Hexcel Corporation: Key Executives
Table 97. Hexcel Corporation: Company Snapshot
Table 98. Hexcel Corporation: Product Segments
Table 99. Hexcel Corporation: Product Portfolio
Table 100. Hexcel Corporation: Key Strategies
Table 101. Solvay: Key Executives
Table 102. Solvay: Company Snapshot
Table 103. Solvay: Product Segments
Table 104. Solvay: Product Portfolio
Table 105. Hyosung: Key Executives
Table 106. Hyosung: Company Snapshot
Table 107. Hyosung: Product Segments
Table 108. Hyosung: Product Portfolio
Table 109. Hyosung: Key Strategies
Table 110. Ojsc Svetlogorskkhimvolokno: Key Executives
Table 111. Ojsc Svetlogorskkhimvolokno: Company Snapshot
Table 112. Ojsc Svetlogorskkhimvolokno: Product Segments
Table 113. Ojsc Svetlogorskkhimvolokno: Product Portfolio
Table 114. Dowaksa: Key Executives
Table 115. Dowaksa: Company Snapshot
Table 116. Dowaksa: Product Segments
Table 117. Dowaksa: Product Portfolio
Table 118. Mitsubishi Chemical Group Corporation: Key Executives
Table 119. Mitsubishi Chemical Group Corporation: Company Snapshot
Table 120. Mitsubishi Chemical Group Corporation: Product Segments
Table 121. Mitsubishi Chemical Group Corporation: Product Portfolio
Table 122. Mitsubishi Chemical Group Corporation: Key Strategies
List of Figures
Figure 01. Aviation Carbon Fiber Market, 2021-2031
Figure 02. Segmentation of Aviation Carbon Fiber Market, 2021-2031
Figure 03. Top Investment Pockets in Aviation Carbon Fiber Market (2022-2031)
Figure 04. Moderate Bargaining Power of Suppliers
Figure 05. Moderate Bargaining Power of Buyers
Figure 06. Moderate Threat of Substitutes
Figure 07. High Threat of New Entrants
Figure 08. High Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalaviation Carbon Fiber Market
Figure 10. Aviation Carbon Fiber Market, by Raw Material, 2021(%)
Figure 11. Comparative Share Analysis of Aviation Carbon Fiber Market for Pan-based Carbon Fiber, by Country 2021-2031(%)
Figure 12. Comparative Share Analysis of Aviation Carbon Fiber Market for Pitch-based Carbon Fiber, by Country 2021-2031(%)
Figure 13. Aviation Carbon Fiber Market, by Type, 2021(%)
Figure 14. Comparative Share Analysis of Aviation Carbon Fiber Market for Continuous, by Country 2021-2031(%)
Figure 15. Comparative Share Analysis of Aviation Carbon Fiber Market for Long, by Country 2021-2031(%)
Figure 16. Comparative Share Analysis of Aviation Carbon Fiber Market for Short, by Country 2021-2031(%)
Figure 17. Aviation Carbon Fiber Market, by End Use, 2021(%)
Figure 18. Comparative Share Analysis of Aviation Carbon Fiber Market for Commercial, by Country 2021-2031(%)
Figure 19. Comparative Share Analysis of Aviation Carbon Fiber Market for Military, by Country 2021-2031(%)
Figure 20. Comparative Share Analysis of Aviation Carbon Fiber Market for Others, by Country 2021-2031(%)
Figure 21. Aviation Carbon Fiber Market by Region, 2021
Figure 22. U.S. Aviation Carbon Fiber Market, 2021-2031 ($Million)
Figure 23. Canada Aviation Carbon Fiber Market, 2021-2031 ($Million)
Figure 24. Mexico Aviation Carbon Fiber Market, 2021-2031 ($Million)
Figure 25. France Aviation Carbon Fiber Market, 2021-2031 ($Million)
Figure 26. Germany Aviation Carbon Fiber Market, 2021-2031 ($Million)
Figure 27. UK Aviation Carbon Fiber Market, 2021-2031 ($Million)
Figure 28. Russia Aviation Carbon Fiber Market, 2021-2031 ($Million)
Figure 29. Rest of Europe Aviation Carbon Fiber Market, 2021-2031 ($Million)
Figure 30. China Aviation Carbon Fiber Market, 2021-2031 ($Million)
Figure 31. Japan Aviation Carbon Fiber Market, 2021-2031 ($Million)
Figure 32. India Aviation Carbon Fiber Market, 2021-2031 ($Million)
Figure 33. South Korea Aviation Carbon Fiber Market, 2021-2031 ($Million)
Figure 34. Rest of Asia-Pacific Aviation Carbon Fiber Market, 2021-2031 ($Million)
Figure 35. Latin America Aviation Carbon Fiber Market, 2021-2031 ($Million)
Figure 36. Middle East Aviation Carbon Fiber Market, 2021-2031 ($Million)
Figure 37. Africa Aviation Carbon Fiber Market, 2021-2031 ($Million)
Figure 38. Top Winning Strategies, by Year
Figure 39. Top Winning Strategies, by Development
Figure 40. Top Winning Strategies, by Company
Figure 41. Product Mapping of Top 10 Players
Figure 42. Competitive Dashboard
Figure 43. Competitive Heatmap: Aviation Carbon Fiber Market
Figure 44. Top Player Positioning, 2021
Figure 45. Nippon Steel Corporation: Research & Development Expenditure, 2019-2021 ($Million)
Figure 46. Nippon Steel Corporation: Net Sales, 2019-2021 ($Million)
Figure 47. Nippon Steel Corporation: Revenue Share by Region, 2021 (%)
Figure 48. Sgl Carbon: Net Revenue, 2019-2021 ($Million)
Figure 49. Sgl Carbon: Research & Development Expenditure, 2019-2021 ($Million)
Figure 50. Sgl Carbon: Revenue Share by Segment, 2021 (%)
Figure 51. Sgl Carbon: Revenue Share by Region, 2021 (%)
Figure 52. Teijin Limited: Net Sales, 2020-2022 ($Million)
Figure 53. Teijin Limited: Research & Development Expenditure, 2019-2021 ($Million)
Figure 54. Toray Industries, Inc.: Net Sales, 2019-2021 ($Million)
Figure 55. Toray Industries, Inc.: Research & Development Expenditure, 2019-2021 ($Million)
Figure 56. Toray Industries, Inc.: Revenue Share by Segment, 2022 (%)
Figure 57. Toray Industries, Inc.: Revenue Share by Region, 2022 (%)
Figure 58. Hexcel Corporation: Net Sales, 2019-2021 ($Million)
Figure 59. Hexcel Corporation: Research & Development Expenditure, 2019-2021 ($Million)
Figure 60. Hexcel Corporation: Revenue Share by Segment, 2021 (%)
Figure 61. Hexcel Corporation: Revenue Share by Region, 2021 (%)
Figure 62. Solvay: Net Revenue, 2019-2021 ($Million)
Figure 63. Solvay: Revenue Share by Region, 2021 (%)
Figure 64. Solvay: Revenue Share by Region, 2021 (%)
Figure 65. Hyosung: Research & Development Expenditure, 2019-2021 ($Million)
Figure 66. Hyosung: Net Sales, 2019-2021 ($Million)
Figure 67. Mitsubishi Chemical Group Corporation: Research & Development Expenditure, 2019-2021 ($Million)
Figure 68. Mitsubishi Chemical Group Corporation: Net Sales, 2019-2021 ($Million)
Figure 69. Mitsubishi Chemical Group Corporation: Revenue Share by Segment, 2021 (%)
Executive Summary
The Aviation Carbon Fiber Market is likely to experience a growth rate of 11.4% from 2022-2031 owing to increasing market demand from the commercial aviation sector.Carbon fiber is a strong and lightweight material that consists of thin, strong, and crystalline carbon threads. The use of carbon fiber in the aviation industry has increased significantly owing to constant efforts to reduce structural weight and fuel consumption. Carbon fiber is significantly lighter in weight and greater in structural strength than aluminum and steel. It is used to construct aircraft panels, fairings, floorboards, and afterbody skins. In aviation applications, using carbon fiber reinforced plastic (CFRP) materials saves approximately 14 to 20% CO2 emissions. The reinforcement is held together by a resin. The carbon fiber exhibits material properties that enable reduced structural weight compared to traditional metal solutions, thus reducing fuel consumption and carbon dioxide (CO2) emissions.
Significant impacting factors in growth of the global aviation carbon fiber market include growth in the global aviation industry, stringent regulations to reduce environmental emissions from the aviation sector, rise in demand for low weight, environment-friendly, & fuel-efficient aircrafts, and increase in use of carbon fiber in military aircrafts. However, high cost of PAN-based carbon fiber and complex manufacturing process of carbon fiber hamper the growth of the market. Furthermore, technological advancement & research associated with carbon fiber in the aviation industry, surge in the popularity of electric aircrafts, and rise in use of carbon fiber for 3D printing in aviation are factors expected to offer growth opportunities during the forecast period.
The market also offers growth opportunities to the key players in the market. Composite materials such as carbon fiber reinforced polymers are used in 3D printing as it exhibits temperature and mechanical & chemical resistance approximately similar to metal. Composite fibers improve certain properties such as strength, stiffness, heat resistance, and durability of traditional 3D printed parts. Moreover, there is an increase in demand for carbon fiber as it is stronger than traditional thermoplastics used in 3D printing. In September 2020, Hexcel launched a new electrically conductive polymer-based carbon fiber composite for 3D printing. The company's new thermoplastic, HexPEKK EM, is specifically designed to meet the static management, electromagnetic (EM) shielding, and radiation absorption requirements of modern aircraft applications. Moreover, in August 2021, Markforged, an additive manufacturing company, developed versions of its fiber-reinforced 3D printing material to make it suitable for aerospace. The materials named Onyx FR-A and Carbon Fiber FR-A are undergoing a qualification program conducted on the company’s X7 industrial 3D printer by the National Center for Advanced Materials Performance (NCAMP). In addition, the materials are developed to meet flame, smoke, and toxicity (FST) requirements for aircraft interiors.
Surge in the popularity of electric aircrafts is also expected to offer growth opportunities during the forecast period. Electric aircrafts reduce pollution and negative effects of global warming. Growing environmental concerns are expected to drive the demand for electric aircrafts during the forecast period. The carbon fiber material is increasingly being used to manufacture electric aircrafts to enhance performance, conserve energy, and lower operational costs.
The aviation carbon fiber market is segmented on the basis of raw material, type, end use, and region. By raw material, it is bifurcated into PAN-based carbon fiber and pitch-based carbon fiber. By type, the market is classified into continuous, long, and short. By end use, it is categorized into commercial, military, and others. By region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The leading companies profiled in the report include Mitsubishi Chemical Group Corporation, Nippon Steel Corporation, SGL Carbon, Teijin Limited, Toray Industries, Inc., Hexcel Corporation, Solvay, Hyosung, OJSC SvetlogorskKhimvolokno, and DowAksa. The players in the market have been actively engaged in the adoption various Strategies such as acquisition, product launch and partnership to remain competitive and gain advantage over the competitors in the market. For instance, in December 2022, Toray industries announced its subsidiary Toray Carbon Fibers Europe invested €100 million ($104 million) to build a new production line at its plant in southwest France. This investment enables the company to boost its aerospace business and meet growing demand for high-performance carbon fiber in France and other European countries.
Key Market Insights
By raw material, the PAN-based carbon fiber segment was the highest revenue contributor to the market, and is estimated to reach $4.1 billion by 2031, with a CAGR of 11.6%.Based on end use, the commercial aviation segment was the highest revenue contributor to the market, with $0.9 billion in 2021, and is estimated to reach $2.6 billion by 2031, with a CAGR of 11.1%.
Based on region, North America was the highest revenue contributor, accounting for $0.6 billion in 2021, and is estimated to reach $1.7 billion by 2031, with a CAGR of 10.6%.
Companies Mentioned
- Toray Industries, Inc.
- Solvay
- SGL Carbon
- NIPPON STEEL CORPORATION
- TEIJIN LIMITED
- Hexcel Corporation
- HYOSUNG
- OJSC SvetlogorskKhimvolokno
- DowAksa
- Mitsubishi Chemical Group Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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