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Unlocking Opportunities in the Aviation Carbon Fiber Market: 2025-2034 Forecast Report
Aviation Carbon Fiber Market
What Will the Aviation Carbon Fiber Industry Market Size Be by 2025?
Over the past few years, the aviation carbon fiber market has seen robust growth. The market size, which was valued at $2.67 billion in 2024, is set to increase to $2.91 billion in 2025. This represents a compound annual growth rate (CAGR) of 8.9%. The market's expansion in the past had been driven by factors such as efforts to reduce aircraft weight, rising demand for fuel-efficient airplanes, strict emission norms, the growth of commercial aircraft fleets, and a preference for high-performance materials.
What's the Long-Term Growth Forecast for the Aviation Carbon Fiber Market Size Through 2029?
Expectations are high for substantial expansion within the aviation carbon fiber market in the coming years. The market is estimated to surge to a significant "$4.04 billion by 2029, with a compound annual growth rate (CAGR) of 8.5%. The upward trend predicted in this timeframe is linked to the accelerated expansion in electric and hybrid aircraft, a growing focus on sustainable aviation, the incorporation of composite materials into aircraft construction, urban air mobility (UAM), advanced aerial vehicles and worldwide initiatives to diminish carbon emissions. Looking ahead, the main trends seem to be an escalated usage of aircraft components, increased desire for more lightweight aircraft, progressions in manufacturing processes, a concentration on fuel efficiency, emissions reduction and the widening of the electric and hybrid aircraft sector.
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What Are the Key Growth Drivers Fueling the Aviation Carbon Fiber Market Expansion?
The surge in passenger air traffic is predicted to fuel the expansion of the aviation carbon fiber market. The term "passenger air traffic" relates to a rise in the count of air travelers over the years, which can be quantified through different methods such as the count of passengers transported by airlines, the count of flights in operation, and the revenue obtained from the air travel sector. Because of their lightweight characteristics, substantial strength, and fuel efficiency, carbon fiber composites are employed in aircraft fabrication, thus enhancing passenger experiences with more roomy and comfortable cabins. For instance, in February 2023, the International Air Transport Association (IATA), an association of world airlines based in Canada, reported an increase of 152.7% in international passenger traffic in 2022 compared to 2021. Furthermore, airlines in the Asia-Pacific region marked a 363.3% rise in year-long international traffic in 2022 compared to 2021, observing the highest yearly growth rate among all regions. Hence, the surge in passenger air traffic is facilitating the expansion of the aviation carbon fiber market.
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What Are the Key Trends Driving Aviation Carbon Fiber Market Growth?
The emergence of technology is becoming a significant trend in the aviation carbon fiber market. Firms involved in this sector are employing innovative techniques in the production of carbon fiber materials intended for aviation, to maintain their market prominence. For example, Toray Industries, a carbon fiber manufacturer located in Japan, introduced TORAYCA T1200, the world's strongest carbon fiber, in October 2023. This innovative solution aims to lessen ecological impacts by producing more lightweight carbon-fiber reinforced plastic materials. Possible uses range from sports and leisure products to airplanes, benefiting multiple industry sectors.
How Is the Aviation Carbon Fiber Market Segmented?
The aviation carbon fiber market covered in this report is segmented -
1) By Type: Continuous, Long, Short
2) By Raw Material: Pan-Based Carbon Fiber, Pitch-Based Carbon Fiber
3) By End-Use: Commercial Aircraft, Military Aircraft
Subsegments:
1) By Continuous: Unidirectional Continuous Fiber, Fabricated Continuous Fiber
2) By Long: Long Fiber Reinforced Plastics (LFRP), Long Carbon Fiber For Composite Materials
3) By Short: Short Fiber Reinforced Plastics (SFRP), Short Carbon Fiber For Injection Molding
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Which Companies Are Leading the Charge in Aviation Carbon Fiber Market Innovation?
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
Which Regions Are Leading the Global Aviation Carbon Fiber Market in Revenue?
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
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