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 lock downs 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 rotor crafts.
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Market Segmentation
Asia-Pacific Aerospace Carbon Fiber Market by Raw Material
Poly acrylonitrile (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
Rotor crafts
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.
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