Global Aerospace Carbon Fiber Market Growth, Size, Report & Forecast to 2020-2026

The global market for aerospace carbon fiber is projected to exhibit a considerable CAGR of around 8.2% during the forecast period. The market is mainly driven by the increasing application of carbon fiber materials in the aerospace sector coupled with the growing g adoption of lightweight aircraft across the globe. Carbon fibers have significant applications in the aerospace and space industries due to demanding thermo-structural fulfillment. It offers strength to planes keeping the weight very low compared to other materials. Lightweight and stiffness make it ideal to make fuel-efficient planes and other machines. In the aerospace & defense industry, carbon fiber is also used to make lighter and stronger equipment and parts of planes that can achieve much more than their metal alloy counterparts. Many companies and OEMs that are involved in the production of spacecraft, private aircraft, and commercial military aircraft prefer carbon fiber owing to its attractive properties and characteristics, therefore, creating significant growth in the market.

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However, the downfall in the demand for aircraft due to COVID-19 pandemic across the globe has impacted the market growth. Due to the pandemic, the aircraft manufacturing companies have decreased their production, owing to which, a downfall of 39.5% is estimated in the aircraft manufacturing industry in 2020, as per OMR analysis. According to the Airbus SE, in the First Quarter of 2020, the company had booked 290 net commercial aircraft orders and made the delivery of 122 commercial aircraft. In the first quarter of 2020, the company accounted for a loss of around $522 million in comparison to the profit of nearly $56.5 million in the same quarter last year. The revenues were 15.2% less in the first quarter reflecting the company strongly impacted by the pandemic.

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Market Segmentation

Global Aerospace Carbon Fiber Market by Raw Material

Polyacrylonitrile (PAN)
Petroleum Pitch & Rayon

Global Aerospace Carbon Fiber Market by Fiber Type

Virgin Carbon Fiber
Recycled Carbon fiber

Global Aerospace Carbon Fiber Market by Application

Commercial Aviation
Military Aviation
Rotorcrafts

Company Profiles

BGF Industries, Inc.
ELG Carbon Fibre Ltd.
Formosa Plastics Corp.
Hexcel Corp.
Hyosung Corp.
Jiangsu Hengshen Co. Ltd.
Mitsubishi Chemical Holdings Corp.
Muhr Und Bender KG
Nippon Carbon Co. Ltd.

Segment by Region

North America

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Latin America
Middle East and Africa

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