Research Nester added a report titled “Aerospace Carbon Fiber Market: Global Demand Analysis & Opportunity Outlook 2027” to its database of market research reports which delivers detailed overview of the global aerospace carbon fiber market in terms of market segmentation by aircraft type, by applications and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
With recent advancements in the aerospace and the aviation industry, there is an increase in the demand for carbon fiber globally, resulting in growth of the market. The development of new generation of aircrafts leading to increase in their numbers is one of the major factors which supports the growth of this market. The carbon fiber can be used both in the external parts of the aircrafts such as wing, rotor blades and wind turbine blades and in the internal parts such as the woven mats which are then mixed with plastic. Carbon fiber is being preferred over aluminum since it possesses the desired properties such as high tensile strength, lightweight, heat tolerance and stiffness. Along with these, the aerodynamic properties of the aircraft are not weakened with the use of carbon fiber.
The global aerospace carbon fiber market is segmented by aircraft type into commercial aircrafts, military aircrafts and rotorcrafts (helicopters); by application into wings, wind turbine blades, rotor blades and others and by region. Among these, the commercial aircrafts segment is predicted to hold leading stance in the market on account of growing demand for airlines for business and leisure travel. The global aerospace carbon fiber market is anticipated to expand at a CAGR of around 12% over the forecast period, i.e., 2019-2027.
With progression in aviation industry, the market in Asia-Pacific region is anticipated to garner highest market revenue by 2027. With the major manufacturing units of carbon fiber located in the region, the industry in this region is estimated to gain a much higher profit as compared to other regions. The main countries leading the market in this region include China, India and Japan. North America, mainly the US, is also expected to witness an increase in the market attributing to its growing aerospace industry. The market is anticipated to grow robustly in the Middle Eastern countries such as UAE and Saudi Arabia; European countries such as UK and Germany; and Latin American countries such as Brazil and Mexico.
However, the high purchasing cost and maintenance costs of carbon fiber are expected to operate as key restraints to the growth of global aerospace carbon fiber market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global aerospace carbon fiber market which includes company profiling of Bally Ribbon Mills, Hexcel Corporation, SGL Group, Toray Industries Inc., Solvay, Teijin Limited, Mitsubishi Chemical Carbon Fiber and Composites, BGF Industries Inc., BASF, Renegade Materials Corporation. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global aerospace carbon fiber market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.