Aviation Carbon Fiber Market Overview

Aviation Carbon Fiber Market size was valued at USD 2,310.0 million in 2023 and is projected to grow from USD 2,529.3 million in 2024 to USD 5,236.1 million by 2031, exhibiting a CAGR of 10.95% during the forecast period.

Key Companies in Aviation Carbon Fiber Market: Hexcel Corporation TORAY INDUSTRIES, INC. SGL Carbon Mitsubishi Chemical Group Corporation Teijin Carbon Europe GmbH Syensqo Formosa M Co. DowAksa Zoltek Corporation Hyosung USA BASF SE PORCHER INDUSTRIES Bally Ribbon Mills Nippon Graphite Fiber Co. Carbon Light Private Limited

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Recent Developments:

In March 2025, Toray Composite Materials America, Inc. signed a memorandum of understanding with Elevated Materials to repurpose carbon fiber prepreg waste from its Washington facility. The partnership aims to reduce waste, conserve resources, and promote sustainability by transforming scrap prepreg materials into press-cured carbon fiber sheets, plates, and blocks for various applications.

Market Segmentation:

By Type: The market is segmented into PAN-based carbon fibers, pitch-based carbon fibers, and others. PAN-based carbon fibers dominate the market due to their superior mechanical properties and cost-effectiveness.

By Application: Key applications include structural components, interior components, propulsion systems, and others. Structural components, including wings and fuselages, account for the largest market share due to their critical role in aircraft performance.

By End-Use: The aviation carbon fiber market serves commercial aviation, defense, and general aviation. Commercial aviation remains the largest end-user segment, while defense applications exhibit significant growth potential.

By Region: The market is analyzed across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America dominates the market, driven by the presence of major aircraft manufacturers and high R&D investment. Asia-Pacific is witnessing rapid growth due to the expansion of the aerospace sector in countries like China and India.

Challenges and Opportunities:

Despite its promising growth, the aviation carbon fiber market faces challenges such as high production costs and limited recycling infrastructure. However, opportunities abound in the form of technological advancements, government initiatives, and increasing investments in R&D.

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