Carbon Fiber Market Analysis

The global carbon fiber market is segmented and analyzed for demand and supply by source into Polyacrylonitrile, Petroleum Pitch, and Rayon. Out of these, the polyacrylonitrile segment is estimated to gain the largest market share of about 48% in the year 2037. The major basic material used in the manufacturing of carbon fiber is polyacrylonitrile. Because of its superior properties, polyacrylonitrile is expected to be more extensively accepted in a wide range of applications. Owing to its better material properties, polyacrylonitrile precursor is commonly utilized to meet the expanding demand for carbon fiber market with a greater strength-to-weight ratio. The reduced cost of polyacrylonitrile in comparison with pitch-based carbon fiber is also expected to assist segment expansion. Carbon fibers constructed from polyacrylonitrile are widely used in the production of aircraft parts, as well as missile and space-related uses. Commercial airlines are increasingly using carbon fiber composites to manufacture aircraft structures. For instance, the Boeing 787 Dreamliner and the Airbus A350 XWB resulted in this regard. 

The global carbon fiber market is also segmented and analyzed for demand and supply by application into Virgin, and Recycled Fiber. Amongst these segments, the recycled fiber segment is expected to garner a significant share of around 35% in the year 2037. Recycled carbon fiber has qualities identical to new carbon fiber, which is used to make materials used in the aerospace and defense industries. These carbon fibers provide special benefits to aerospace and defense components, such as durability in extreme environments and at extreme temperatures, resilience to abrasion, and resisting corrosion. Therefore the recycled fiber segment is expected to major growth over the upcoming decades. To enhance fuel economy, carbon fiber has substituted aluminum in aircraft. With regards to compact materials and frameworks, military aircraft can carry greater quantities of fuel and payload than commercial aircraft. Furthermore, the aerospace sector is increasingly preferring carbon fiber to address the huge problem of aviation trash. As a result, the recycled fiber category is expected to increase rapidly over the projection period.

Our in-depth analysis of the global market includes the following segments: