Aerospace Carbon Fiber Market Size and Share
Market Overview
| Study Period | 2019 - 2030 |
|---|---|
| Market Size (2025) | USD 2.45 Billion |
| Market Size (2030) | USD 6.67 Billion |
| Growth Rate (2025 - 2030) | 7.51% CAGR |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
|
Aerospace Carbon Fiber Market Analysis by Mordor Intelligence
The Aerospace Carbon Fiber Market is expected to register a CAGR of 7.51% during the forecast period, reaching an estimated market size of USD 2.45 billion by 2025 and is expected to reach USD 6.67 billion by 2030.
The rapid adoption of modern manufacturing technologies, such as additive manufacturing, and the development and induction of new aircraft models are likely to remain the key growth drivers for the market. Additionally, the need for manufacturing low-weight, fuel-efficient aircraft that reduce emissions is anticipated to drive the market's growth prospects. Advancements in the application base of additive manufacturing techniques in the aviation sector are envisioned to affect the market in the future.
Global Aerospace Carbon Fiber Market Trends and Insights
The Commercial Fixed-wing Aircraft Segment is Expected to Dominate the Market During the Forecast Period
Weight is the most important parameter considered at every phase in the design and development of an aircraft. The low overall weight of an aircraft can result in less fuel consumption. Most commercial airlines operate at low-profit margins, and hence, prefer aircraft that are fuel efficient. The growing demand for lightweight materials to increase fuel efficiency and the growth of commercial aircraft with high composites composition such as B787 and A350WXB.
Airlines are constantly searching for new avenues to explore and enhance their revenue stream. This includes launching services on new routes for catering to untapped market potentials. c. Based on certain predicted outcomes such as revenue and profitability, airlines decide on the type of aircraft to be used and the frequency of operations on a new route. For instance, a total of 3,500 routes were launched globally by several operators in 2022. The launch of new routes bolsters the entire aviation infrastructure in the region. Besides initiating procurement and retrofitting of aircraft fleets, it also encourages increased participation of regional component manufacturers in the scheduled and unscheduled maintenance carried over an aircraft. New routes are likely to be served only by fleet expansion, driving the demand for new generation commercial aircraft and thereby driving the commercial fixed-wing aircraft segment of the market during the forecast period.
The Asia-Pacific Market is Expected to Witness the Highest Growth During the Forecast Period
Asia-Pacific is expected to witness the highest CAGR during the forecast period. The increasing number of aircraft orders and deliveries in the region, due to the increasing demand for newer generation aircraft, is currently driving the growth of the market in the region. Also, several of the material suppliers are based in this region and supply raw materials for part manufacturers and aircraft OEMs. Air passenger traffic in the Asia-Pacific region is growing at a rapid pace, which has forced the airlines operating across Asia to increase their fleet size. This will result in airlines procuring new aircraft in the coming years, which is likely to generate demand for carbon fiber since the majority of the newer generation aircraft structures are made using carbon fiber composites.
Competitive Landscape
The aerosapce carbon fiber market is highly consolidated. The top players account for the majority of the market share. The market demand is higher and is expected to increase further in the future. Solvay S.A., Toray Industries, Inc., DuPont de Numours, Inc., TEIJIN LIMITED, and SGL Carbon SE are a few of the market leaders, both in terms of production capacity and revenue. Companies are investing significantly to develop advanced carbon fiber materials, which can overcome the challenges associated with the materials available today. Companies are also collaborating with research institutions to work on advanced materials that can shape the future of materials used by the aviation industry.
Aerospace Carbon Fiber Industry Leaders
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SGL Carbon SE
-
TEIJIN LIMITED
-
Toray Industries, Inc.
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Solvay S.A.
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DuPont de Numours, Inc.
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- March 2022: Solvay and Wichita State University's National Institute for Aviation Research (NIAR) announced a partnership on research and materials development at NIAR's facilities in Wichita, Kansas. The partnership is aimed at developing future solutions to bolster the aviation industry and create opportunities for companies of all sizes to revolutionize the future of flight.
- March 2023: SGL Carbon revealed the new SIGRAFIL T50-4.9/235 carbon fiber, thereby expanding its material portfolio with new carbon fiber for high-strength pressure vessels.
Global Aerospace Carbon Fiber Market Report Scope
Carbon fibers are about 5 to 10 micrometers in diameter and are mostly composed of carbon atoms. Due to the immense advantages of carbon fibers such as high stiffness, high tensile strength, high strength-to-weight ratio, high chemical resistance, high-temperature tolerance, and low thermal expansion, they are considered ideal for aircraft manufacturers.
The aviation carbon fiber market is segmented by application and geography. By application, the market is segmented into commercial fixed-wing aircraft, military fixed-wing aircraft and rotorcraft. By geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The report offers market size by value for all segments in USD Billion.
| Commercial Fixed-wing Aircraft |
| Military Fixed-wing Aircraft |
| Rotorcraft |
| North America | United States |
| Canada | |
| Europe | United Kingdom |
| France | |
| Germany | |
| Italy | |
| Rest of Europe | |
| Asia-Pacific | China |
| India | |
| Japan | |
| Rest of Asia-Pacific | |
| Latin America | Mexico |
| Brazil | |
| Rest of Latin America | |
| Middle-East and Africa | Saudi Arabia |
| United Arab Emirates | |
| South Africa | |
| Rest of Middle-East and Africa |
| Application | Commercial Fixed-wing Aircraft | |
| Military Fixed-wing Aircraft | ||
| Rotorcraft | ||
| Geography | North America | United States |
| Canada | ||
| Europe | United Kingdom | |
| France | ||
| Germany | ||
| Italy | ||
| Rest of Europe | ||
| Asia-Pacific | China | |
| India | ||
| Japan | ||
| Rest of Asia-Pacific | ||
| Latin America | Mexico | |
| Brazil | ||
| Rest of Latin America | ||
| Middle-East and Africa | Saudi Arabia | |
| United Arab Emirates | ||
| South Africa | ||
| Rest of Middle-East and Africa | ||
Key Questions Answered in the Report
What is the current Aerospace Carbon Fiber Market size?
The Aerospace Carbon Fiber Market is projected to register a CAGR of 7.51% during the forecast period (2025-2030)
Who are the key players in Aerospace Carbon Fiber Market?
SGL Carbon SE, TEIJIN LIMITED, Toray Industries, Inc., Solvay S.A. and DuPont de Numours, Inc. are the major companies operating in the Aerospace Carbon Fiber Market.
Which is the fastest growing region in Aerospace Carbon Fiber Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Aerospace Carbon Fiber Market?
In 2025, the Asia Pacific accounts for the largest market share in Aerospace Carbon Fiber Market.
What years does this Aerospace Carbon Fiber Market cover?
The report covers the Aerospace Carbon Fiber Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Aerospace Carbon Fiber Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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