The Aviation Carbon Fiber Global Market Report 2023, provides comprehensive information on the aviation carbon fiber market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global aviation carbon fiber market size is expected to grow from $2.26 billion in 2022 to $2.47 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aviation carbon fiber market size is expected to reach $3.37 billion in 2027 at a CAGR of 8.1%.
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Within the aviation carbon fiber market, the ascendancy of technological advancements stands as a pivotal trend, shaping the landscape for companies keen on maintaining their market prowess. Notably, enterprises operating in this sector are strategically embracing novel technologies to revolutionize the manufacturing processes of carbon fiber materials, integral to the aviation industry.
An illustrative example of this forward-looking approach is exemplified by Hexcel Corporation, a distinguished US-based industrial materials company. In September 2020, Hexcel Corporation unveiled HexPEKK EM, an innovative carbon fiber material tailored for 3D printing technology. This high-performance thermoplastic carbon fiber composite material heralds a new era, boasting enhanced impact resistance, durability, and an impressive strength-to-weight ratio in comparison to conventional carbon fiber materials. The distinctive feature of HexPEKK EM lies in its resilience to high temperatures and resistance to chemicals, rendering it well-suited for deployment in challenging environments.
Tailored specifically for aerospace applications, including aircraft interiors, engine components, and structural parts, HexPEKK EM represents a paradigm shift in material science within the aviation carbon fiber market. This groundbreaking material not only meets the stringent demands of the aviation sector but also aligns with the industry's relentless pursuit of innovation, efficiency, and performance. As the market continues to evolve, such technological innovations are poised to redefine the benchmarks for quality, resilience, and versatility in carbon fiber materials, ensuring that the aviation industry remains at the forefront of cutting-edge advancements.
The aviation carbon fiber market is segmented:
1) By Type: Continuous, Long, Short
2) By Raw Material: Pan-Based Carbon Fiber, Pitch-Based Carbon Fiber
3) By End-Use: Commercial Aircraft, Military Aircraft
North America was the largest region in the aviation carbon fiber market in 2022.
The table of contents in TBRC’s aviation carbon fiber market report includes:
List Of Tables :
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