Asia-Pacific Aerospace Carbon Fiber Market Size, Share, Impressive Industry Growth, Report 2027

 

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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Based on geography, the Asia-Pacific aerospace carbon fiber market is further segregated into China, India, Japan, and Rest of Asia-Pacific. Among these, China is projected to have a considerable share in the Asia-Pacific aerospace carbon fiber market.  Further, the report covers the analysis of the players operating in the Asia-Pacific aerospace carbon fiber market. Some of the players contributing to the regional growth of the 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

Asia-Pacific 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

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Asia-Pacific Aerospace Carbon Fiber Market– Segment by Region

·        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.

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