Demand for fuel efficient and long haul aircrafts, are the major driving factors for the carbon fiber composite industry. Use of carbon fiber composites in wings, can reduce the weight of the aircraft by 50,000 pounds. Other drivers include, increasing penetration of carbon fiber in commercial aircraft (B787 and A380), wind turbine blades, and other aerospace applications.
In aerospace and defense industry, where the operational capabilities are relatively more important than the cost, carbon fiber is expected to be the primary building material for aircraft and parts, in the upcoming future.
North America is expected to remain the largest market, due to the augmentation in the end-use industries, and an increasing demand for lightweight materials in the aerospace and automotive industries. Asia-Pacific carbon fiber market is expected to witness the highest boost over the forecast period, due to the anticipated boost in the aviation sector, in the region. Increasing focus on high-performance composite materials, including aftermarket sales for MRO, is probable during the forecast period.
The need for light weight Aircraft Carbon fiber is four times sturdier, in comparison to steel. However, the fiber’s extremely light weight is a major factor that favors it over steel. When used in the rotor blade of a helicopter, carbon fiber gives 30% higher savings in weight, as compared to aluminium. Due to these properties, carbon fiber is seen as an extremely important building material for aircrafts, especially for commercial airlines, wherein, the most important requirement is weight, which can be achieved, by reducing fuel consumption and aerodynamic drag.
A recent partnership between UAE’s Etihad Airways, Siemens AG, and Strata Manufacturing PJSC, has developed the first 3D printed aircraft parts in Asia, Middle East, and the UAE. Strata, a UAE-based advanced composite aero structures manufacturing company, has signed a Memorandum of Understanding (MoU), to collaborate with India-based Reliance Defence Limited (RDL) on advanced capabilities for aerospace composite manufacturing. The agreement helps to not only investigate opportunities in 3D printing aerospace components, and producing varieties in carbon fiber composite aero structures, but also deepen the political and economic bilateral ties between India, and the UAE. The material science and 3D printing technology are set to become industrial game changers, with a number of carbon fiber applications going beyond the aerospace segments, into other manufacturing segments.
The key players in the aerospace carbon fiber market are Cytec, Hexcel and Toray.
1.1 Research Methodology
1.2 Key Findings of the Study
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW AND TRENDS
3.2 Market Trends
3.3 Investment Analysis
3.4 Porters Five Force Framework
4. MARKET DYNAMICS
5. GLOBAL AEROSPACE CARBON FIBER MARKET SEGMENTATION BY APPLICATION
6. GLOBAL AEROSPACE CARBON FIBER MARKET SEGMENTATION BY REGION
6.1 North America
6.1.1 United States
6.2 South America
6.3 Asia Pacific
6.4.1 United Kingdom
6.5 Middle East & Africa
6.5.2 South Africa
6.5.3 Saudi Arabia
7. COMPETITIVE LANDSCAPE
7.2 Market Share Analysis
8. KEY VENDOR ANALYSIS (Overview, Products & Services, Strategies)
8.1 Bally Ribbon Mills
8.3 Cytec C Solvay Group
8.5 SGL Carbon
8.6 Toray Industries
8.7 Toho Tenax
8.8 MITSUBISHI CHEMICAL CARBON FIBER AND COMPOSITES