Aerospace Carbon Fiber Market 2020-2026

Global Aerospace Carbon Fiber Market Size, Share & Trends Analysis Report by Raw Material (Polyacrylonitrile (PAN) and Petroleum Pitch & Rayon), By Fiber Type (Virgin Carbon Fiber and Recycled Carbon Fiber), By Application (Commercial Aviation, Military Aviation, and Rotorcrafts), and Forecast 2020-2026.

The global aerospace carbon fiber market is estimated to grow significantly during the forecast period. The major factors that further propel the market growth include the rising application of carbon fiber in the aerospace sector coupled with the increasing demand for light weight aircraft due to fuel efficiency. The utilization of carbon fiber in the manufacturing of aircraft also reduces maintenance costs. As fatigue and corrosion are the two most common problems that damage most metals, however, carbon fiber has the potential to resist corrosion and fatigue. However, the high cost of raw material and decline in the aviation industry due to the COVID-19 outbreak further projected to hinder the growth of the market.

The global aerospace carbon fiber market is segmented on the basis of raw material, fiber type, and application. Based on raw material, the market is bifurcated into PAN and petroleum pitch & rayon. PAN is the predominant precursor for carbon fiber due to superior strength and stability, and higher carbon yield. PAN-based carbon fiber is widely used in the aerospace industry. About 88.0% of the carbon fiber produced around the globe, is made from PAN and the remaining 12.0% is made from rayon or petroleum pitch. Based on the fiber type, the market is classified into virgin aerospace carbon fiber and recycled aerospace carbon fiber. Based on the application, the market is segmented into commercial aviation, military aviation, and rotorcrafts.

Geographically, the study of the global aerospace carbon fiber market report covers the analysis of four major regions including North America (the US and Canada), Europe (UK, Germany, Italy, Spain, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and the Rest of the World. Among, region Asia-Pacific is projected to have a considerable growth in the global aerospace carbon fiber market.

The companies which are contributing to the growth of the global aerospace carbon fiber market include Hexcel Corp., Teijin Ltd., SGL Carbon SE, Toray Industries, Inc., Solvay SA, and others. The market players are considerably contributing to the market growth by adopting various strategies including new product launch, merger, and acquisition, collaborations to stay competitive in the market.

Research Methodology:

The market study of the global aerospace carbon fiber market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for aerospace carbon fiber market players, aerospace industry, contract manufacturers, raw material suppliers, distributors & traders, industry associates & experts, government organizations, regulatory bodies, and other market participants for the overall market and competitive analysis. The report provides an in-depth analysis on market size, products offered by the companies, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation:

1. Global Aerospace Carbon Fiber Market Research and Analysis by Raw Material
2. Global Aerospace Carbon Fiber Market Research and Analysis by Fiber Type
3. Global Aerospace Carbon Fiber Market Research and Analysis by Application

The Report Covers:

• Comprehensive research methodology of the global aerospace carbon fiber market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global aerospace carbon fiber market.
• Insights about market determinants which are stimulating the global aerospace carbon fiber market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.