Press release
Aviation Carbon Fiber Market: Remarkable Growth and Key Trends Expected to Climb to $4.04 billion by 2029
Aviation Carbon Fiber Market
What Is The Projected Market Size Of The Global Aviation Carbon Fiber Market And Its Growth Rate?
• The aviation carbon fiber market size has risen robustly from $2.67 billion in 2024 to $2.91 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.9%.
• The climb in market size during this historic period can be attributed to demands for fuel-efficient aircraft, emission regulation adherence, expansion of the commercial aircraft fleet, and the preference for high-performance materials.
• It is predicted that the aviation carbon fiber market will maintain its momentum in the coming years, soaring to $4.04 billion in 2029 with a CAGR of 8.5%.
• Factors contributing to this anticipated growth include the rapid development in electric and hybrid aircraft, the increasing emphasis on sustainable aviation, the integration of composite materials in aircraft design, the growth of urban air mobility and advanced aerial vehicles, and the global efforts to reduce carbon footprints.
What Is Driving The Growth In The Aviation Carbon Fiber Market?
The significant growth of passenger air traffic is a key driver of the aviation carbon fiber market. The rise in air travel, measured by the rise in the number of passengers, flights operated, and revenue generated by the airline industry, has prompted increased use of carbon fiber composites for aircraft manufacturing. The lightweight and high-strength properties of carbon fiber composites, along with their fuel efficiency, provide enhanced passenger experiences including more spacious and comfortable cabins. The International Air Transport Association reported a surge in international passenger traffic by 152.7% in 2022 compared to 2021. Therefore, this rise in passenger air traffic contributes significantly to the growth of the aviation carbon fiber market.
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Who Are The Key Players Driving Aviation Carbon Fiber Market Growth?
Key players currently leading the 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
What Are The Key Trends In The Aviation Carbon Fiber Market?
Key trends shaping the market include:
• Increased use of aircraft components
• Rising demand for lightweight aircraft
• Technological advancements in manufacturing
• Emphasis on fuel efficiency and emissions reduction
• Expansion of electric and hybrid aircraft
What Are The Segments Of The Global Aviation Carbon Fiber Market?
The global aviation carbon fiber market is segmented by:
• Type: Continuous, Long, Short
• Raw Material: Pan-Based Carbon Fiber, Pitch-Based Carbon Fiber
• End-Use: Commercial Aircraft, Military Aircraft
Which Region Leads The Aviation Carbon Fiber Market?
North America held the largest market share for the Aviation Carbon Fiber market in 2024, while Asia-Pacific is projected to be the fastest-growing region in the forecast period. The global market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Aviation Carbon Fiber Market Global Market Report?
Market Size Analysis: Analyze the Aviation Carbon Fiber Market size by key regions, countries, product types, and applications.
Market Segmentation Analysis: Identify various subsegments within the Aviation Carbon Fiber Market for effective categorization.
Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
Market Contribution: Evaluate contributions of different segments to the overall Aviation Carbon Fiber Market growth.
Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
Industry Challenges: Analyze challenges and risks affecting the Aviation Carbon Fiber Market.
Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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