DUBLIN--(BUSINESS WIRE)--The "Global Aerospace Carbon Fiber Market - Analysis of Growth, Trends and Challenges - Market Forecast and Analysis (2018 - 2023)" report has been added to Research and Markets' offering.
The global aerospace carbon fiber market is expected to reach USD 828.12 million by 2022, at an estimated CAGR of 12.86%.
Demand for fuel efficient and long haul aircrafts, are the major driving factors for the carbon fiber composite industry. Use of carbon fiber composites in wings, can reduce the weight of the aircraft by 50,000 pounds. Other drivers include, increasing penetration of carbon fiber in commercial aircraft (B787 and A380), wind turbine blades, and other aerospace applications.
North America is expected to remain the largest market, due to the augmentation in the end-use industries, and an increasing demand for lightweight materials in the aerospace and automotive industries. Asia-Pacific carbon fiber market is expected to witness the highest boost over the forecast period, due to the anticipated boost in the aviation sector, in the region. Increasing focus on high-performance composite materials, including aftermarket sales for MRO, is probable during the forecast period.
A recent partnership between UAE's Etihad Airways, Siemens AG, and Strata Manufacturing PJSC, has developed the first 3D printed aircraft parts in Asia, Middle East, and the UAE. Strata, a UAE-based advanced composite aero structures manufacturing company, has signed a Memorandum of Understanding (MoU), to collaborate with India-based Reliance Defence Limited (RDL) on advanced capabilities for aerospace composite manufacturing.
The agreement helps to not only investigate opportunities in 3D printing aerospace components, and producing varieties in carbon fiber composite aero structures, but also deepen the political and economic bilateral ties between India, and the UAE. The material science and 3D printing technology are set to become industrial game changers, with a number of carbon fiber applications going beyond the aerospace segments, into other manufacturing segments.
Key Topics Covered:
2. Executive Summary
3. Market Overview And Trends
4. Market Dynamics
5. Global Aerospace Carbon Fiber Market Segmentation By Application
6. Global Aerospace Carbon Fiber Market Segmentation By Region
7. Competitive Landscape
8. Key Vendor Analysis (Overview, Products & Services, Strategies)
- Bally Ribbon Mills
- Cytec C Solvay Group
- Etihad Airways
- Mitsubishi Chemical Carbon Fiber and Composites
- Sgl Carbon
- Siemens AG
- Strata Manufacturing
- Toho Tenax
- Toray Industries
For more information about this report visit https://www.researchandmarkets.com/research/6k66sn/global_aerospace