Aviation Carbon Fiber Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Aviation Carbon Fiber Market is Segmented by Application (Commercial Fixed-Wing Aircraft, Military Fixed-Wing Aircraft, and Rotorcraft), and Geography.

Market Snapshot

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Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >11 %

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Market Overview

The aviation carbon fiber market is anticipated to register a CAGR of over 11% during the forecast period.

  • The growing aviation industry and the development of new aircraft models are likely to remain as the key growth drivers for the market.
  • Also, the need for manufacturing low-weight, fuel-efficient aircraft that reduce emissions is also driving the growth of the market.
  • Advancements in additive manufacturing techniques are expected to be of great help to the market, by increasing the carbon fiber usage in different components of an aircraft.

Scope of the Report

The study includes carbon fibers used in aircraft for commercial and military purposes. Both fixed-wing aircraft and rotorcraft are included in the study. Further, the study includes the use of carbon fiber in aircraft parts and components, which are either made completely with carbon fiber or a mixture of carbon fiber with other materials.

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

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Key Market Trends

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 of the commercial airlines operate at low-profit margins, and hence, prefer aircraft that are fuel efficient. Newer generation aircraft are more fuel efficient, owing to the use of advanced materials to develop the components, parts, and overall airframe, without compromising the strength and aerodynamics of an aircraft. Thus, the commercial fixed-wing aircraft segment is expected to dominate the market in the years to come.

Aviation Carbon Fiber_segment

The Asia-Pacific Market is Expected to Witness the Highest CAGR, During the Forecast Period

As of 2018, the Asia-Pacific region has the highest market share, globally, followed by North America. The region is also anticipated to register the highest growth rate 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 the Asian 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. 

Aviation Carbon Fiber Market_geography

Competitive Landscape

The aviation carbon fiber market is highly consolidated. The top four players account for the majority of the market share. The market demand is higher and is expected to increase further in the future. SGL Group, Toray Group, and Hexcel Corporation are 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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Commercial Fixed-wing Aircraft

      2. 5.1.2 Military Fixed-wing Aircraft

      3. 5.1.3 Rotorcraft

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

      2. 5.2.2 Europe

        1. 5.2.2.1 United Kingdom

        2. 5.2.2.2 France

        3. 5.2.2.3 Germany

        4. 5.2.2.4 Italy

        5. 5.2.2.5 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 India

        3. 5.2.3.3 Japan

        4. 5.2.3.4 Rest of Asia-Pacific

      4. 5.2.4 Latin America

        1. 5.2.4.1 Mexico

        2. 5.2.4.2 Brazil

        3. 5.2.4.3 Rest of Latin America

      5. 5.2.5 Middle-East and Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 United Arab Emirates

        3. 5.2.5.3 South Africa

        4. 5.2.5.4 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Bally Ribbon Mills

      2. 6.2.2 DuPont

      3. 6.2.3 Solvay

      4. 6.2.4 Hexcel Corporation

      5. 6.2.5 SGL Carbon SE

      6. 6.2.6 Toray Industries Inc.

      7. 6.2.7 Toho Tenax (Tenjin Carbon)

      8. 6.2.8 BGF Industries Inc.

      9. 6.2.9 The Boeing Company

      10. 6.2.10 Airbus SE

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Aerospace Carbon Fiber Market market is studied from 2018 - 2026.

The Aerospace Carbon Fiber Market is growing at a CAGR of >11% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Hexcel Corporation, SGL Carbon SE, Toray Industries Inc., Toho Tenax (Tenjin Carbon), Solvay are the major companies operating in Aerospace Carbon Fiber Market.

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