The Global Aerospace Carbon Fiber Market Is Set To Reach A Valuation Of US$ 896.00 Million By The End Of 2028

Market Overview:
Global Aerospace Carbon Fiber Market Size Was Valued at USD 405.30 Million In 2021, And Is Projected to Reach USD 896.00 Million By 2028, Growing at A CAGR of 12% From 2022 To 2028.

Carbon atoms make up carbon fibre, which has a 5-10 micrometre diameter. Polyacrylonitrile is used to make around 90% of all carbon fibre (PAN). The remainder is made of petroleum pitch or rayon. Long chains of molecules joined by carbon atoms make up organic polymers, which give fibres their high stiffness, tensile strength, low weight, chemical resistance, high-temperature tolerance, and minimal thermal expansion properties. Due to these advantages, carbon fibre has become more and more common in the aerospace, military, motorsports, and other fields. The aerospace sector is one that innovates and changes frequently. Aerospace experts have used carbon fibre composite materials in planes, helicopters, and even space shuttles in an effort to make flight safer and more environmentally friendly.

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Market Dynamics:
Driver:
Along with reducing weight, aerodynamics is crucial for increasing aircraft fuel economy. As the jet gets sleeker, its design becomes more fuel-efficient. Because carbon fibre composite fabrication technologies can produce very smooth yet complicated shapes, aviation designers can more easily optimize the aerodynamics of a carbon-fiber aero plane. Additionally, commercial aircraft can use sweeping wing designs because to the rigidity of carbon fibre, which lowers aerodynamic drag and cuts fuel consumption by up to 5%.

Opportunities:
Demand for light weight aircraft
The most crucial factor considered at each stage of an aircraft's design and development is weight. Less fuel may be consumed by an aero plane because of its light overall weight. Due to their limited profit margins, the majority of commercial airlines favor fuel-efficient aircraft. PAN-based and pitch-based carbon fibres are in significant demand in the production of commercial aircraft and satellites. Commercial aviation manufacturers have a significant need for PAN-based carbon fibres for next-generation aircraft because of their low weight and resistance to corrosion.

Segmentation Analysis of Aerospace Carbon Fiber Market
By Application, the commercial fixed-wing aircraft segment is expected to have the highest share of the aerospace carbon fiber market over the forecasted timeframe. Aviation contributes nearly 4 percent of the global gross domestic product (GDP) and supports more than 65 million jobs around the world.

By Type, the polyacrylonitrile (PAN) segment is anticipated to lead the growth of the aerospace carbon fiber market through the forecast period. For its greater strength, stability, and increased carbon yield, polyacrylonitrile (PAN) is the most commonly utilized precursor for carbon fiber. PAN accounts for around 90% of carbon fiber production, with rayon or petroleum pitch accounting for the remaining 10%.

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By Type
• Polyacrylonitrile-Based Carbon Fiber
• Pitch-Based Carbon Fiber
By Application
• Commercial Fixed-Wing Aircraft
• Military Fixed-Wing Aircraft
• Rotorcraft

Regional Analysis of Aerospace Carbon Fiber Market
The European region is anticipated to dominate the aerospace carbon fiber market over the forecast period attributed to the presence of prominent aircraft manufacturers. Germany is home to manufacturers from several areas, including equipment manufacturers, material and component suppliers, engine producers, and entire system integrators. Germany is one of the key production bases for the aircraft industry. For decades, the German aerospace sector has been on the rise and has been a global leader, meeting global demand for the future of efficient air transport. Moreover, government funding has supported the growth of the aerospace industry in Germany. Similarly, funding from other countries in R&D is expected to support the growth of the aerospace carbon fiber market growth over the forecast period.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Players Covered in Aerospace Carbon Fiber Market are
• Hexcel Corporation
• SGL Carbon SE
• Solvay
• Toho Tenax (Tenjin Carbon)
• Toray Industries Inc.
• Tencate
• DuPont
• Mitsubishi Rayon
• BASF SE and other major players.

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Recent Industry Developments In Aerospace Carbon Fiber Market

• In January 2022, A letter of intent has been signed by Solvay and Trillium Renewable Chemicals to develop the supply chain for bio-based acrylonitrile (bio-ACN). The goal of this collaboration is to develop carbon fiber for usage in a variety of industries, including aerospace, automotive, energy, and consumer goods.
• In November 2021, Hexcel Corporation announced a partnership with Fairmat to build a utility that will recycle carbon fiber prepreg from Hexcel European operations for reuse in composite panels sold into commercial markets. Recycled prepreg will be utilized in the production of carbon fiber.

Table Of Content:
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Application
Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing
Chapter 5: Aerospace Carbon Fiber Market by Type
 5.1 Aerospace Carbon Fiber Market Overview Snapshot and Growth Engine
 5.2 Aerospace Carbon Fiber Market Overview
 5.3 Polyacrylonitrile-Based Carbon Fiber
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Polyacrylonitrile-Based Carbon Fiber: Grographic Segmentation
 5.4 Pitch-Based Carbon Fiber
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Pitch-Based Carbon Fiber: Grographic Segmentation
To Be Continued…..

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