Asia-Pacific aerospace carbon fiber market is estimated to grow significantly at a CAGR of around 9.1% during the forecast period owing to the significant growth in the aviation sector, and rising government expenditure in aerospace and defense. The major aircraft manufacturer such as Boeing and Airbus SE have production facilities across Asia-Pacific countries, including China and India that further contribute to the growth of the market. However, the demand for carbon fiber has been significantly affected amid the COVID-19 outbreak. Due to the implementation of a series of lockdowns around the globe, most of the aircraft manufacturers have temporarily shut down their production facilities in the Asia-Pacific region.
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Asia-Pacific aerospace carbon fiber market is segmented on the basis of raw material, fiber type, and application. On the basis of raw material, the market is sub-segmented into PAN and petroleum pitch & rayon. PAN is the predominant precursor for carbon fiber due to superior strength and stability, and higher carbon yield and is widely used in the aerospace industry. 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 classified into commercial aviation, military aviation, and rotorcrafts.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Asia-Pacific Aerospace Carbon Fiber Market by Raw Material
- Polyacrylonitrile (PAN)
- Petroleum Pitch & Rayon
Asia-Pacific Aerospace Carbon Fiber Market by Fiber Type
- Virgin Carbon Fiber
- Recycled Carbon fiber
Asia-Pacific Aerospace Carbon Fiber Market by Application
- Commercial Aviation
- Military Aviation
- Rotorcrafts
Regional Analysis
- China
- India
- Japan
- Rest of Asia-Pacific
Company Profiles
- Formosa Plastics Corp.
- Hyosung Corp.
- Jiangsu Hengshen Co. Ltd.
- Nippon Carbon Co. Ltd.
- SGL Carbon SE
- Taekwang Industrial Co. Ltd.
- Toray Industries, Inc.
- Teijin Ltd.
- Weihai Guangwei Composites Co., Ltd.
- ZHONGFUSHENYING CARBON FIBER CO., LTD.
The Report Covers
- Comprehensive research methodology of the Asia-Pacific 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 Asia-Pacific aerospace carbon fiber market.
- Insights about market determinants which are stimulating the Asia-Pacific aerospace carbon fiber market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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