The US aerospace carbon fiber market is estimated to grow significantly at a CAGR of around 8.7% during the forecast period. The major factor that propels the market growth includes the increasing adoption of carbon fiber in the aviation industry owing to the growing demand for light weight aircraft in the industry. However, the reduction in the production rate and volume by various aircraft manufactures due to the COVID-19 outbreak may lower the demand for carbon fiber in the aviation industry that further restrain the market growth in the country. In the US, the aviation sector received around $60 billion as financial assistance under the Senate rescue package to tackle the downfall of the aviation industry in March 2020.
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The US 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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Market Segmentation
US Aerospace Carbon Fiber Market by Raw Material
• Polyacrylonitrile (PAN)
• Petroleum Pitch & Rayon
US Aerospace Carbon Fiber Market by Fiber Type
• Virgin Carbon Fiber
• Recycled Carbon fiber
US Aerospace Carbon Fiber Market by Application
• Commercial Aviation
• Military Aviation
• Rotorcrafts
Company Profiles
• BGF Industries, Inc.
• ELG Carbon Fiber Ltd.
• Hexcel Corp.
• Mitsubishi Chemical Holdings Corp.
• Nippon Carbon Co. Ltd.
• RTP Co.
• Solvay SA
• SGL Carbon SE
• Toray Industries, Inc.
• Teijin Ltd.
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