Indian Aerospace Carbon Fiber Market: Analysis Report, Share, Trends and Overview 2021-2027

 

Indian aerospace carbon fiber market is estimated to grow significantly during the forecast period. The factors that positively affect the growth of the market include the rising demand for carbon fiber in the aviation sector and the increasing production of aircraft in the country. Several investments by the Indian government were reported for the projects undertaken by the Indian Space Research Organization (ISRO) including Chandrayaan, Mangalyaan, and others, which are estimated to propel the demand for carbon fiber as these composites have significant application in the aerospace sector.

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Indian 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.

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The companies which are contributing to the growth of the Indian 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 the market growth by adopting various strategies including new product launch, merger, and acquisition, collaborations to stay competitive in the market.

Indian 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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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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