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Emerging Trends to Reshape the Aviation Carbon Fiber Market: Technological advancements are a key trend gaining popularity in the aviation carbon fiber market. Companies operating in the aviation carbon fiber market are adopting new technologies in the ma
Aviation Carbon Fiber
Aviation Carbon Fiber Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past few years, the aviation carbon fiber market has experienced significant growth. Its size is projected to increase from $2.67 billion in 2024 to $2.88 billion in 2025, with a compound annual growth rate (CAGR) of 7.9%. Factors contributing to this growth during the historic period include efforts to make aircrafts lighter, a rise in demand for fuel-efficient aircraft, strict emission standards, the expansion of the commercial aircraft fleet, and a higher preference for materials with superior performance.
Aviation Carbon Fiber Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for substantial expansion in the aviation carbon fiber marketplace in the coming years. Its value is predicted to reach $3.97 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.3%. This anticipated growth during the forecast period is linked to the speedy advancement in electric and hybrid aircraft, a greater emphasis on sustainable aviation, the use of composite materials in airplane designs, developments in urban air mobility (UAM) and advanced aerial vehicles, along with worldwide endeavors to minimize carbon emissions. Key trends projected for this period involve an increased application of aircraft components, surging need for lightweight aircraft, innovations in manufacturing methodologies, attention towards fuel efficacy and reducing carbon emissions, and the expansion of electric and hybrid aircraft markets.
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What Are the Drivers Transforming the Aviation Carbon Fiber Market?
The uptick in passenger air travel is anticipated to catalyze advancements in the aviation carbon fiber market. The term passenger air traffic describes the rising trend of air travel, gauged by various indices including airline passenger counts, frequency of flights operated, and revenue generated by the sector. The increasing usage of carbon fiber composites in aircraft production is attributed to their lightweight yet sturdy nature and fuel efficiency, enhancing the travel experience through roomier and more comfortable interiors. For example, the global airline association based in Canada, International Air Transport Association (IATA), reported in February 2023 that international passenger traffic saw a surge of 152.7% in 2022 relative to 2021. Furthermore, airlines in the Asia-Pacific region marked a 363.3% surge in their year-end international traffic for 2022 compared to the previous year, marking the most substantial annual growth rate among all regions. Consequently, the acceleration in passenger air travel is fueling the expansion of the aviation carbon fiber market moving forward.
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What Long-Term Trends Will Define the Future of the Aviation Carbon Fiber Market?
Increasing technological innovation is a rising trend in the aviation carbon fiber industry. Firms in this sector are embracing cutting-edge technologies in the production of carbon fiber materials for aviation purposes in order to maintain their market standing. For instance, in October 2023, Toray Industries, a carbon fiber manufacturer located in Japan, unveiled the TORAYCA T1200, globally recognized as the strongest carbon fiber. This newly introduced product should assist in minimizing environmental impact by producing lighter carbon-fiber reinforced plastic materials. This material can be used in a vast range of products, from sports and recreational equipment to aircraft, thereby benefiting a variety of sectors.
Which Segments in the Aviation Carbon Fiber Market Offer the Most Profit Potential?
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 Firms Dominate the Aviation Carbon Fiber Market by Market Share and Revenue in 2025?
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 Offer the Highest Growth Potential in the Aviation Carbon Fiber Market?
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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