Press release
Aviation Carbon Fiber Market is projected to reach USD 3.41 Billion by 2030 : Cognitive Market Research
Aviation Carbon Fiber Market is projected to reach USD 3.41 Billion by 2030 : Cognitive Market Research
What is Aviation Carbon Fiber?
- Carbon fiber is a lightweight and strong synthetic fiber especially made up of carbonizing acrylic fiber in high temperatures. This is widely used in the aviation sector due to various mechanical characteristics including greater durability, high strength, and low weight. In addition, carbon fiber used a complex shape, which is structurally lighter and strong than the part made up of conventional metal. Various aerospace companies are aircraft manufacturing using carbon fiber.
Summary:
• The Aviation Carbon Fiber Market size was valued at USD 1.91 Billion in 2022 and will grow at a CAGR Of 11.1 % during the forecast period, reaching USD 3.41 Billion by 2030.
• North America has the largest revenue share in the aviation carbon fiber market.
"To know more about The Aviation Carbon Fiber Market statistics click here: https://www.cognitivemarketresearch.com/aviation-carbon-fiber-market-report
Market Dynamics:
• Aviation Carbon Fiber Market Drivers:
Increasing demand for aviation carbon fiber for fuel-efficient, low-weight, environment-friendly aircraft and the carbon fiber used in the military sector is the major factor expected to drive the growth of the aviation carbon fiber market. In addition, the increasing global aviation industry and strict regulations to decrease environmental secretions from the aviation industry are likely to drive the demand for the aviation carbon fiber market.
• Aviation Carbon Fiber Market Opportunities:
The increasing use of carbon fiber in 3D printing in aviation, advancement in technology, and research related with is related to carbon fiber in the aviation sector, and the electric aircraft popularity. This is projected to present growth opportunities for the aviation carbon fiber market in the forecast period.
• Aviation Carbon Fiber Market Restraints:
The increasing cost of PAN-based carbon fiber and the manufacturing process complex is a key factors hampering the growth of the aviation carbon fiber market in the forecast period.
Segmentation Analysis:
Raw Materials
• Pitch-based carbon fiber
• PAN-based carbon fiber
Based on raw material, the PAN-based carbon fiber segment has the largest revenue share in the aviation carbon fiber market. This is attributed to the increasing use of automotive, sporting goods, and aerospace and defense industries due to high modulus, and tensile strength, the better quality of fiber, and cost-effectiveness. This is projected to boost the demand for this segment in the target market.
Type
• Short
• Continuous
• Long
Based on type, the continuous segment has the largest revenue share in the aviation carbon fiber market. This is due to the growing demand for the continuous segment in the aviation carbon fiber market expected to fuel the demand for this segment.
End Use
• Commercial
• Military
• Others
Based on end use, the commercial segment has the major revenue share in the aviation carbon fiber market. This is owing to the increasing commercial air traffic and the growing aviation sector is likely to propel the demand for this segment in the target market.
The Major Players in Aviation Carbon Fiber Market are:
Toray Industries, Hexcel Corporation, Toho Tenax (Teijin), SGL Carbon, DowDuPont, Cytec (Solvay), BGF Industries, Taekwang Industrial, Weihai Tuozhan Fiber, Jiangsu Hengshen
Get free sample pages of the latest published Aviation Carbon Fiber Market Report:
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Regional Analysis:
- North America accounted for the largest share of the aviation carbon fiber market
North America has the largest revenue share in the aviation carbon fiber market. This is due to the increasing presence of the vast airline companies in Mexico, the U.S., and Canada in the region. In addition, increasing government and military agencies' investment to improve aircraft fleets is anticipated to drive growth for the aviation carbon fiber market in the region.
Aviation Carbon Fiber Industry News:
• Toray Advanced Composites has announced the agreement with Joby Aviation
In December 2020, Toray Advanced Composites announced the finalize long-term supply agreement with Joby Aviation for the composite material used for aircraft. These materials provide affordably, bring fast, and zero-emissions aerial ridesharing to electric aircraft.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Aviation Carbon Fiber Market
Chapter 4 Global Aviation Carbon Fiber Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Aviation Carbon Fiber Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Aviation Carbon Fiber Market by End Use Segmentation Analysis (2018-2030)
Chapter 11 Global Aviation Carbon Fiber Market by Raw Materials Segmentation Analysis (2018-2030)
Chapter 12 Global Aviation Carbon Fiber Market Regional Analysis
• 12.1 Detailed Qualitative Analysis
• 12.2 Global Aviation Carbon Fiber Market Revenue by Region (2018-2030)
• 12.2 Global Aviation Carbon Fiber Market Share (%) by Region (2018-2030)
Chapter 13 North America Aviation Carbon Fiber Market Outlook (2018 - 2030)
Chapter 14 Europe Aviation Carbon Fiber Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Aviation Carbon Fiber Market Outlook (2018 - 2030)
Chapter 16 Latin America Aviation Carbon Fiber Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Aviation Carbon Fiber Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more Aviation Carbon Fiber Market TOC click here: https://www.cognitivemarketresearch.com/aviation-carbon-fiber-market-report#table_of_contents
Related Report:
• Sustainable Aviation Fuel Market - https://www.cognitivemarketresearch.com/sustainable-aviation-fuels-market-report
• Aviation Reinsurance Market - https://www.cognitivemarketresearch.com/aviation-reinsurance-market-report
• Aviation MRO Software market - https://www.cognitivemarketresearch.com/aviation-mro-software-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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