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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Market Segmentation

Indian Aerospace Carbon Fiber Market by Raw Material

Polyacrylonitrile (PAN)
Petroleum Pitch & Rayon

Indian Aerospace Carbon Fiber Market by Fiber Type

Virgin Carbon Fiber
Recycled Carbon fiber

Indian Aerospace Carbon Fiber Market by Application

Commercial Aviation
Military Aviation
Rotorcrafts

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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