Aviation Carbon Fiber Market By Raw Material (PAN-based carbon fiber, Pitch-based carbon fiber), By Type (Continuous, Long, Short), By End Use (Commercial, Military, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Description

List of Tables

The commercial aviation industry is increasing utilizing carbon fiber composites to provide greater stiffness and strength-to-weight ratios in aircrafts. With the rise in air traffic, aircraft manufacturers are increasing their production quantity and quality to facilitate air transportation. Commercial aircraft manufacturers are replacing conventional materials like aluminum and titanium alloys with carbon fibers for primary aircraft structures.

There is an increase in demand for carbon fiber material to manufacture various parts of commercial aircraft with optimum aerodynamic characteristics. For instance, in January 2022, Irkut's (Moscow, Russia) MS-21-300 aircraft made its first flight from the airfield of the Irkutsk Aviation Plant. The wing of the aircraft is made from Russian-sourced carbon fiber. The Ministry of Industry and Trade of Russia invested $58 million for the creation of domestic materials for the composite wing.

An increase in demand for carbon fiber in the military aircraft industry has been witnessed for manufacturing of fuel-efficient, reliable aircrafts with longer range and reduced carbon emissions. Numerous manufacturers supply carbon fiber to aerospace companies to develop aerodynamically efficient structures. For instance, Hexcel, a composite material manufacturer, is currently qualified to provide materials to a broad range of more than 100 military aircraft and rotorcraft programs. These programs include the Eurofighter Typhoon, Dassault Rafale, 35 Jet Fighter, and the F/A-18E/F Hornet.

Aviation companies are entering into agreement with carbon fiber manufacturers to develop aircraft parts with maximum strength, reduced weight, and minimum drag. For instance, in July 2021, Hexcel signed a long-term agreement with Dassault Aviation (Paris, France) to supply carbon fiber prepreg for the Falcon 10X program. Under this contract, the company aims to incorporate high-performance carbon fiber composites in the manufacturing of its aircraft wings. Such developments to manufacture durable and lightweight aircrafts is expected to drive the demand for composite carbon fiber during the forecast period.

Moreover, defense organizations from various countries partner with research universities to develop advanced carbon fiber to reduce manufacturing costs. For instance, in November 2022, Montana State University started a research project funded by a total of $25.8 million in contracts from the U.S. Army. This research included the development of a method to produce "stretch-broken" carbon fibers that can be easily molded into the complex shapes of aircraft and significantly reduce manufacturing costs. Therefore, constant research to create carbon fiber for manufacturing of lightweight and fuel-efficient aircrafts is expected to provide significant opportunities for the growth of the market.

The aviation carbon fiber market is segmented on the basis of raw material, type, end use, and region. By raw material, it is bifurcated into PAN-based carbon fiber and pitch-based carbon fiber. By type, the market is classified into continuous, long, and short. By end use, it is fragmented into commercial, military, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some major companies operating in the market include: Mitsubishi Chemical Group Corporation, Nippon Steel Corporation, SGL Carbon, Teijin Limited, Toray Industries, Inc., Hexcel Corporation, Solvay, Hyosung, OJSC SvetlogorskKhimvolokno, and DowAksa.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the aviation carbon fiber market analysis from 2021 to 2031 to identify the prevailing aviation carbon fiber market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the aviation carbon fiber market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global aviation carbon fiber market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Raw Material

PAN-based carbon fiber
Pitch-based carbon fiber

By Type

Continuous
Long
Short

By End Use

Commercial
Military
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- UK
- Russia
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players

Toray Industries, Inc.
Solvay
SGL Carbon
NIPPON STEEL CORPORATION
TEIJIN LIMITED
Hexcel Corporation
HYOSUNG
OJSC SvetlogorskKhimvolokno
DowAksa
Mitsubishi Chemical Group Corporation

Product Code: A12804

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. Moderate bargaining power of buyers
- 3.3.3. Moderate threat of substitutes
- 3.3.4. High threat of new entrants
- 3.3.5. High intensity of rivalry
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Stringent regulations to reduce environmental emissions from the aviation sector
  - 3.4.1.2. Rise in demand for low-weight, environment-friendly, and fuel-efficient aircrafts
  - 3.4.1.3. Growth in the global aviation industry
  - 3.4.1.4. Increase in use of carbon fiber in the military sector
- 3.4.2. Restraints
  - 3.4.2.1. Complex manufacturing process
  - 3.4.2.2. High cost of PAN-based carbon fiber
- 3.4.3. Opportunities
  - 3.4.3.1. Surge in the popularity of electric aircrafts
  - 3.4.3.2. Technological advancement and research
  - 3.4.3.3. Rise in the use of carbon fiber for 3D printing in aviation
3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: AVIATION CARBON FIBER MARKET, BY RAW MATERIAL

4.1. Overview
- 4.1.1. Market size and forecast
4.2. PAN-based carbon fiber
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Pitch-based carbon fiber
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country

CHAPTER 5: AVIATION CARBON FIBER MARKET, BY TYPE

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Continuous
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Long
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Short
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country

CHAPTER 6: AVIATION CARBON FIBER MARKET, BY END USE

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Commercial
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Military
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Others
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country

CHAPTER 7: AVIATION CARBON FIBER MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Raw Material
- 7.2.3. Market size and forecast, by Type
- 7.2.4. Market size and forecast, by End Use
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Key market trends, growth factors and opportunities
  - 7.2.5.1.2. Market size and forecast, by Raw Material
  - 7.2.5.1.3. Market size and forecast, by Type
  - 7.2.5.1.4. Market size and forecast, by End Use
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Key market trends, growth factors and opportunities
  - 7.2.5.2.2. Market size and forecast, by Raw Material
  - 7.2.5.2.3. Market size and forecast, by Type
  - 7.2.5.2.4. Market size and forecast, by End Use
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Key market trends, growth factors and opportunities
  - 7.2.5.3.2. Market size and forecast, by Raw Material
  - 7.2.5.3.3. Market size and forecast, by Type
  - 7.2.5.3.4. Market size and forecast, by End Use
7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Raw Material
- 7.3.3. Market size and forecast, by Type
- 7.3.4. Market size and forecast, by End Use
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. France
  - 7.3.5.1.1. Key market trends, growth factors and opportunities
  - 7.3.5.1.2. Market size and forecast, by Raw Material
  - 7.3.5.1.3. Market size and forecast, by Type
  - 7.3.5.1.4. Market size and forecast, by End Use
  - 7.3.5.2. Germany
  - 7.3.5.2.1. Key market trends, growth factors and opportunities
  - 7.3.5.2.2. Market size and forecast, by Raw Material
  - 7.3.5.2.3. Market size and forecast, by Type
  - 7.3.5.2.4. Market size and forecast, by End Use
  - 7.3.5.3. UK
  - 7.3.5.3.1. Key market trends, growth factors and opportunities
  - 7.3.5.3.2. Market size and forecast, by Raw Material
  - 7.3.5.3.3. Market size and forecast, by Type
  - 7.3.5.3.4. Market size and forecast, by End Use
  - 7.3.5.4. Russia
  - 7.3.5.4.1. Key market trends, growth factors and opportunities
  - 7.3.5.4.2. Market size and forecast, by Raw Material
  - 7.3.5.4.3. Market size and forecast, by Type
  - 7.3.5.4.4. Market size and forecast, by End Use
  - 7.3.5.5. Rest of Europe
  - 7.3.5.5.1. Key market trends, growth factors and opportunities
  - 7.3.5.5.2. Market size and forecast, by Raw Material
  - 7.3.5.5.3. Market size and forecast, by Type
  - 7.3.5.5.4. Market size and forecast, by End Use
7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Raw Material
- 7.4.3. Market size and forecast, by Type
- 7.4.4. Market size and forecast, by End Use
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Key market trends, growth factors and opportunities
  - 7.4.5.1.2. Market size and forecast, by Raw Material
  - 7.4.5.1.3. Market size and forecast, by Type
  - 7.4.5.1.4. Market size and forecast, by End Use
  - 7.4.5.2. Japan
  - 7.4.5.2.1. Key market trends, growth factors and opportunities
  - 7.4.5.2.2. Market size and forecast, by Raw Material
  - 7.4.5.2.3. Market size and forecast, by Type
  - 7.4.5.2.4. Market size and forecast, by End Use
  - 7.4.5.3. India
  - 7.4.5.3.1. Key market trends, growth factors and opportunities
  - 7.4.5.3.2. Market size and forecast, by Raw Material
  - 7.4.5.3.3. Market size and forecast, by Type
  - 7.4.5.3.4. Market size and forecast, by End Use
  - 7.4.5.4. South Korea
  - 7.4.5.4.1. Key market trends, growth factors and opportunities
  - 7.4.5.4.2. Market size and forecast, by Raw Material
  - 7.4.5.4.3. Market size and forecast, by Type
  - 7.4.5.4.4. Market size and forecast, by End Use
  - 7.4.5.5. Rest of Asia-Pacific
  - 7.4.5.5.1. Key market trends, growth factors and opportunities
  - 7.4.5.5.2. Market size and forecast, by Raw Material
  - 7.4.5.5.3. Market size and forecast, by Type
  - 7.4.5.5.4. Market size and forecast, by End Use
7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Raw Material
- 7.5.3. Market size and forecast, by Type
- 7.5.4. Market size and forecast, by End Use
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Latin America
  - 7.5.5.1.1. Key market trends, growth factors and opportunities
  - 7.5.5.1.2. Market size and forecast, by Raw Material
  - 7.5.5.1.3. Market size and forecast, by Type
  - 7.5.5.1.4. Market size and forecast, by End Use
  - 7.5.5.2. Middle East
  - 7.5.5.2.1. Key market trends, growth factors and opportunities
  - 7.5.5.2.2. Market size and forecast, by Raw Material
  - 7.5.5.2.3. Market size and forecast, by Type
  - 7.5.5.2.4. Market size and forecast, by End Use
  - 7.5.5.3. Africa
  - 7.5.5.3.1. Key market trends, growth factors and opportunities
  - 7.5.5.3.2. Market size and forecast, by Raw Material
  - 7.5.5.3.3. Market size and forecast, by Type
  - 7.5.5.3.4. Market size and forecast, by End Use

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021

CHAPTER 9: COMPANY PROFILES

9.1. NIPPON STEEL CORPORATION
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
9.2. SGL Carbon
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
9.3. TEIJIN LIMITED
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
9.4. Toray Industries, Inc.
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
9.5. Hexcel Corporation
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
9.6. Solvay
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
9.7. HYOSUNG
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
9.8. OJSC SvetlogorskKhimvolokno
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
9.9. DowAksa
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
9.10. Mitsubishi Chemical Group Corporation
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments