Aviation Carbon Fiber Market Report 2025

The aviation carbon fiber market size has grown strongly in recent years. It will grow from $2.67 billion in 2024 to $2.91 billion in 2025 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to aircraft lightweighting initiatives, increasing demand for fuel-efficient aircraft, stringent emission standards, expansion of the commercial aircraft fleet, and preference for high-performance materials.

The aviation carbon fiber market size is expected to see strong growth in the next few years. It will grow to $4.04 billion in 2029 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to rapid growth in electric and hybrid aircraft, increasing emphasis on sustainable aviation, integration of composite materials in aircraft design, urban air mobility (UAM) and advanced aerial vehicles, and global efforts to reduce carbon footprint. Major trends in the forecast period include increased use of aircraft components, rising demand for lightweight aircraft, advancements in manufacturing technologies, focus on fuel efficiency and emissions reduction, and expansion of electric and hybrid aircraft.

Anticipated growth in passenger air traffic stands as a catalyst for the aviation carbon fiber market's expansion. This surge refers to the escalating number of passengers opting for air travel, measured through metrics such as airline passenger counts, flight operations, and industry revenue. Carbon fiber composites have become integral in aircraft manufacturing due to their lightweight nature, robust strength, and fuel efficiency benefits, ultimately enhancing the passenger experience with more spacious and comfortable cabins. Notably, in February 2023, the International Air Transport Association (IATA) reported a striking 152.7% surge in international passenger traffic in 2022 compared to 2021, with Asia-Pacific airlines marking a staggering 363.3% increase, affirming the driving force of passenger air traffic in the aviation carbon fiber market.

The soaring aerospace industry is poised to be a pivotal driver propelling the aviation carbon fiber market's growth. This sector encompasses the development, production, and operation of aircraft and related systems and services. Aviation carbon fiber's adoption in this industry hinges on its lightweight and high-strength attributes, augmenting aircraft performance, fuel efficiency, and payload capacity. For instance, as reported by the International Trade Administration in February 2023, the UK's civil aerospace turnover hit approximately $34.5 billion in 2022, emphasizing the industry's significance in propelling the aviation carbon fiber market.

Technological advancements emerge as a prominent trend shaping the aviation carbon fiber market. Companies within this sphere are leveraging novel technologies to refine the manufacturing of carbon fiber materials, particularly for aviation applications, fortifying their market presence. In October 2023, Toray Industries unveiled TORAYCA T1200, hailed as the world's highest-strength carbon fiber. This innovation not only bolsters strength but also aims to reduce environmental impact by enabling the creation of lighter carbon-fiber reinforced plastic materials, catering to diverse industries from sports and leisure to aviation.

Key players in the aviation carbon fiber market are concentrating on product innovations, such as continuous carbon fiber materials, to address the rising demand in the industry. Continuous carbon fiber materials are composite substances made from long strands of carbon fibers that are either woven or aligned in a continuous manner. For example, in March 2024, Hexcel Corporation, a U.S.-based manufacturer of carbon fiber reinforcements and resin systems, introduced its new HexTow IM9 24K continuous carbon fiber designed for advanced aerospace composite applications. This intermediate modulus fiber consists of 24,000 filaments and boasts a tensile strength of over 6,300 MPa, with a modulus of 298 GPa. The IM9 24K offers a 12% improvement in tensile strength compared to the earlier IM7 fiber, emphasizing high performance and efficiency for aerospace vehicle structures.

In April 2022, Gurit Holdings AG, a Swiss-based manufacturer specializing in advanced composite materials, completed the acquisition of a 60% stake in Fiberline Composites A/S for a total of $59 million. This strategic investment aims to enhance Gurit's position as a comprehensive solutions provider by leveraging the complementary product portfolios and innovative capabilities of both entities. The acquisition represents a significant step towards realizing the strategic objectives outlined in the One Gurit Strategy 2025. Fiberline Composites A/S, headquartered in Denmark, specializes in the production of pultruded carbon and glass fiber products widely utilized in aerospace and wind blade manufacturing.

Major companies operating in the aviation carbon fiber market include Toray Industries Inc., Hexcel Corporation, Teijin Carbon Co. Ltd., SGL Carbon SE, DuPont de Nemours Inc., Solvay S.A., BGF Industries Inc., Taekwang Industrial Co. Ltd., Weihai Tuozhan Fibers Co. Ltd., Jiangsu Hengshen Co. Ltd., Mitsubishi Chemical Corporation, BASF SE, Bally Ribbon Mills, Park Aerospace Technologies Corp., Renegade Materials Corporation, Nippon Graphite Fiber Co. Ltd., Zoltek Companies Inc., Formosa Plastics Corporation, Hyosung Advanced Materials Corporation, Kureha Corporation, Zhongfu Shenying Carbon Fiber Co. Ltd., Jiangsu Tianniao High Technology Co. Ltd., Jilin Carbon Fiber Co. Ltd., Weihai Guangwei Composites Co. Ltd., Jushi Group Co. Ltd., Hengshen Co. Ltd., Jiangsu Hangke Composite Materials Technology Co. Ltd., Jiangsu Jiuding New Material Co. Ltd., Zhejiang Juxing Carbon Fiber Technology Co. Ltd., Zhejiang Guanghua Technology Co. Ltd., Zhejiang Mengtex Special Materials Technology Co. Ltd., Zhejiang Weitong Composite Material Co. Ltd., Zhejiang Hailong New Materials Co. Ltd., Zhejiang Jinggong Science & Technology Co. Ltd., Zhejiang Guxiandao High Technology Co. Ltd., Anshan Sinocarb Carbon Fibers Co. Ltd., DowAksa LLC.

North America was the largest region in the aviation carbon fiber market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global aviation carbon fiber market report forecast period. The regions covered in the aviation carbon fiber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aviation carbon fiber market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Aviation carbon fiber involves utilizing carbon fiber composites in crafting aircraft components. Carbon fiber, an advanced composite material, boasts exceptional strength, stiffness, and durability, all while maintaining a lightweight profile, contributing to enhanced fuel efficiency in aviation.

The primary categories of aviation carbon fiber encompass continuous, long, and short variants. Continuous carbon fibers are spun from a single, uninterrupted filament and are renowned for their superior strength and stiffness, making them ideal for advanced aerospace applications. Raw materials such as pan-based and pitch-based carbon fibers find utilization in commercial and military aircraft due to their specific properties and benefits.

The aviation carbon fiber market research report is one of a series of new reports that provides aviation carbon fiber market statistics, including aviation carbon fiber industry global market size, regional shares, competitors with an aviation carbon fiber market share, detailed aviation carbon fiber market segments, market trends and opportunities, and any further data you may need to thrive in the aviation carbon fiber industry. This aviation carbon fiber market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The aviation carbon fiber market consists of sales of standard modulus carbon fiber, intermediate modulus carbon fiber, high modulus carbon fiber, and ultra-high modulus carbon fiber. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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