China aerospace carbon fiber market is estimated to grow significantly during the forecast period. The increasing number of airports has also been registered in the country. The total number of China’s civil airports reached 238 in 2019. In September 2019, China opened the Daxing International Airport, a mega-hub with the world’s biggest terminals. The increasing number of airports and passenger traffic has increased the burden on the aircraft manufacturers to manufacture advanced and light-weighted aircraft which in turn, has led the demand for carbon fiber and contributes to the growth of the market.
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China 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. PAN-based carbon fiber 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.
The companies which are contributing to the growth of the China aerospace carbon fiber market include Hyosung Corp., Jiangsu Hengshen Co. Ltd., Toray Industries Inc., Teijin Ltd., ZHONGFU SHENYING CARBON FIBER CO., LTD., Nippon Carbon Co. Ltd., and others. The market players are considerably contributing to market growth by adopting various strategies to stay competitive in the market.
China Aerospace Carbon Fiber Market Report Segment
By Raw Material
- Polyacrylonitrile (PAN)
- Petroleum Pitch & Rayon
By Fiber Type
- Virgin Carbon Fiber
- Recycled Carbon fiber
By Application
- Commercial Aviation
- Military Aviation
- Rotorcrafts
A full report of China Aerospace Carbon Fiber Market is available at: https://www.omrglobal.com/industry-reports/china-aerospace-carbon-fiber-market
