Market Overview:
The aviation carbon fiber market was valued at $1.5 billion in 2021, and is estimated to reach $4.4 billion by 2031, growing at a CAGR of 11.4% from 2022 to 2031.
The report provides an extensive analysis of changing market dynamics, major segments, value chains, competitive scenarios, and regional landscapes. This research offers valuable guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.
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Market Segments:
- PAN-based carbon fiber
- Pitch-based carbon fiber
- Continuous
- Long
- Short
- Commercial
- Military
- Others
The factors such as rapidly growing & booming aviation industry, expansion of aircraft fleets by airline operators and rising expenditure by government in the aviation sector are the primary factors expected to propel the growth of aviation carbon fiber market in China. China is expected to invest more than $80 billion in aviation projects to keep up with the increasing demand for air travel. Also, over the next 20 years, Chinese carriers are expected to expand their fleets by more than 1,500 aircraft, a number that represents 20% of the demand worldwide, which is expected to offer numerous growth opportunities for carbon fiber market during the forecast period.
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Key Players:
Mitsubishi Chemical Group Corporation
Nippon Steel Corporation
SGL Carbon
Teijin Limited
Toray Industries, Inc
Hexcel Corporation
Solvay
Hyosung
OJSC SvetlogorskKhimvolokno
DowAksa
KEY FINDINGS OF THE STUDY
- By raw material, the PAN-based carbon fiber segment is anticipated to exhibit significant growth in the near future.
- By type, the continuous segment is anticipated to exhibit significant growth in the near future.
- By end use, the military segment is anticipated to exhibit significant growth in the near future.
- By region, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
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