Carbon fiber, also referred to as graphite fiber, is a polymer made up primarily of carbon atoms. It's a thin strand-like structure that's both stronger and lighter than steel, making it a crucial part of the manufacturing industry. The diameter of this fiber is 5-10 micrometers. The fiber's high strength and other useful properties are due to the atoms' near interconnection. Its outstanding properties include heat resistance, high tensile strength, stiffness, high chemical resistance, low thermal expansion, and high temperature tolerance. Carbon fiber does not corrode, giving it an advantage over aluminum in aerospace applications. Carbon fiber is used in the aerospace, automotive, communications, marine, and sports industries, among others.
MARKET DYNAMICS
The rising demand for lightweight and fuel-efficient aircrafts is driving the global aerospace carbon fiber market. The aerospace industry is expected to develop at a rapid rate in the coming years, due to increasing technological advancements. The increased demand for commercial and military aircraft has accelerated the production of new aircraft. Various parts of these aircraft types, including the interior and exterior components, are made of carbon fiber. These are some of the major factors that are expected to help the demand expand significantly in the coming years. Carbon fibers cannot be fixed, so they must be replaced if the structure breaks or cracks, making the material prohibitively costly to use. They are also costly, and their tensile strength is reduced when they are recycled. These factors are expected to limit the market's growth over the forecast period.
MARKET SCOPE
The "Global Aerospace Carbon Fiber Market Analysis To 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global aerospace carbon fiber market trend analysis. The aerospace carbon fiber market report aims to provide an overview of the aerospace carbon fiber market with detailed market segmentation by aircraft type, application, and geography. The global aerospace carbon fiber market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading aerospace carbon fiber market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global aerospace carbon fiber market is segmented on the basis of aircraft type, and application. Based on aircraft type, the aerospace carbon fiber market is segmented into: narrow-body aircraft, wide-body aircraft, general aviation aircraft, military aircraft, and rotorcraft. On the basis of application, the aerospace carbon fiber market is segmented as: wings, wind turbine blades, rotor blades, and other.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global aerospace carbon fiber market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The aerospace carbon fiber market by each region is later sub-segmented by respective countries and segments. The aerospace carbon fiber market report covers the analysis and forecast of 17 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the aerospace carbon fiber market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forcesanalysishighlighting factors affecting the aerospace carbon fiber market in these regions.
MARKET PLAYERS
The reports cover key developments in the aerospace carbon fiber market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from aerospace carbon fiber market are anticipated to lucrative growth opportunities in the future with the rising demand for aerospace carbon fiber in the global market. Below mentioned is the list of few companies engaged in the aerospace carbon fiber market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aerospace carbon fiber market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF
- SEBally Ribbon Mills
- BGF Industries, Inc.
- Hexcel Corporation
- Mitsubishi Chemical Carbon Fiber and Composites, Inc.
- Renegade Materials Corporation
- SGL Carbon
- Solvay
- TEIJIN LIMITED.
- TORAY INDUSTRIES, INC.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.