DUBLIN--(BUSINESS WIRE)--The "Global Aerospace Carbon Fiber Market - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global aerospace carbon fiber market is expected to register a CAGR of about 12%, during the forecast period, 2018-2023.
The demand for fuel efficient and long haul aircrafts is the major driving factor for the carbon fiber composite industry. Use of carbon fiber composites in wings can reduce the weight of the aircraft by 50,000 pounds.
The use of composite materials in commercial transport aircraft is lucrative as the reduced airframe weight enables better fuel economy and therefore lowers operating costs. Reduced maintenance and longer design life, fewer parts, and reduced tooling and assembly costs are some of the reasons driving the market for carbon fiber in the aerospace industry. Initially, composite materials were used only in secondary structures, however, with the improvement in understanding and development of the materials, their use in primary structure, such as, wings and fuselages has increased.
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 industry. The growth is mainly driven by the increasing consumption of aerospace composites in exterior and interior parts, in commercial and military aircraft. The US is the largest consumer of aerospace composites globally, in terms of value and volume.
- Bally Ribbon Mills
- Mitsubishi Chemical Carbon Fiber And Composites
- Toho Tenax
- Toray Industries
- SGL Carbon
- Cytec C Solvay Group
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Overview And Technology Trends
5. Market Dynamics
6. Global Aerospace Carbon Fiber Market, Segmented By Application
7. Global Aerospace Carbon Fiber Market, Segmented By Geography
8. Competitive Landscape
9. Company Profiles
10. Future Outlook
For more information about this report visit https://www.researchandmarkets.com/research/ft9l64/global_aerospace?w=4