AEROSPACE-GRADE CARBON FIBER MARKET

INTRODUCTION

Carbon fibre is a cost-effective way to keep aircraft lightweight, strong, and durable. Aluminum, which once dominated the aerospace and defence industries, has largely been replaced by titanium. Carbon fibre applications are also assisting aerospace leaders in reducing costs.

Essentially, aerospace grade materials must have high performance characteristics. In one case, this could mean a material with a high strength-to-weight ratio, such as that used for structural parts of an aircraft or spacecraft.

Carbon fibre composites have become an important material for both civil and military aircraft because of their mechanical properties, which include high strength, low weight, and good durability. 

AEROSPACE-GRADE CARBON FIBER MARKET SIZE AND FORECAST

The Global Aerospace-grade carbon fiber market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

AEROSPACE-GRADE CARBON FIBER MARKETRECENT DEVELOPMENT

Boeing Introduces Massive Carbon-Fiber Recycling The aircraft manufacturer recently teamed up with ELG Carbon Fibre to recycle excess aerospace-grade composite material.

Excessive plastic consumption is one of the most serious environmental issues of our time, and it is receiving more attention than ever before.

While the single-use, throwaway culture associated with many plastic items is rightly criticised, the use of plastics in aircraft—via carbon-fiber—is actually an environmental benefit because it allows for lighter, more fuel-efficient aircraft.

Nonetheless, the first wave of carbon-fiber aircraft retirements will occur in about 20 years, at which point aircraft recycling centres will need to have adapted their current tooling, which is geared towards aluminium airframes.

The origins of such adaptation may be found in a recent agreement between Boeing and ELG Carbon Fibre to recycle excess aerospace-grade composite material.

Boeing expects to recycle "the majority" of the excess carbon fibre from 11 manufacturing sites under the partnership, which is based on a pilot project between the two parties.

The material will then be suitable for the electronic accessories and automotive markets. Recycling cured carbon fibre was previously impossible due to technical barriers to repurposing material that had already been cured.

ELG's solution is to treat the excess materials in a furnace, which evaporates the resin that holds the carbon-fiber layers together and leaves clean material behind.

AEROSPACE-GRADE CARBON FIBER MARKETCOMPANY PROFILE

• Hyosung
• Boeing 
• Pitaka
• SGL
• Hexcel

AEROSPACE-GRADE CARBON FIBER MARKETTHIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Aerospace-grade carbon fiber are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Aerospace-grade carbon fiber and key vendor selection criteria
3. Where is the Aerospace-grade carbon fiber manufactured? What is the average margin per unit?
4. Market share of Global Aerospace-grade carbon fiber market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Aerospace-grade carbon fiber in-house
6. key predictions for next 5 years in Global Aerospace-grade carbon fiber market
7. Average B-2-B Aerospace-grade carbon fiber market price in all segments
8. Latest trends in Aerospace-grade carbon fiber market, by every market segment
9. The market size (both volume and value) of the Aerospace-grade carbon fiber market in 2024-2030 and every year in between?
10. Production breakup of Aerospace-grade carbon fiber market, by suppliers and their OEM relationship