Lucintel's latest market report analyzed that carbon fiber in the aerospace and defense provides attractive opportunities in the commercial aircraft, regional aircraft, general aviation, helicopter, UAV and Others. The carbon fiber in the aerospace and defense market is expected to reach $1.56 billion by 2025 with a CAGR of 4.2%. In this market, commercial aerospace is the largest segment by aircraft, whereas small tow (less than 24k) is largest by tow size. Increasing demand of continuous fiber reinforced thermoplastics and growing initiatives for recycling of carbon fiber provides strategic growth path in this market.
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Based on aircraft, the carbon fiber in the aerospace and defense market is segmented into commercial aerospace, regional jets, general aviation, helicopter, military aircraft and UAV. The commercial aerospace segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to the increasing demand for lightweight materials with higher performance benefits in aerospace and defense industry is driving market growth over the forecast period.
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The carbon fiber in the aerospace and defense market is marked by the presence of several big and small players. Some of the prominent players offering Carbon fiber in the aerospace and defense include Hexcel Corporation, Toray Industries Inc., Mitsubishi Rayon Corporation Limited, Cytec Solvay Group, SGL Carbon Group, and others.
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Brandon Fitzgerald
Lucintel
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