The US aerospace carbon fiber market is estimated to grow significantly at a CAGR of around 8.7% during the forecast period. The major factor that propels the market growth includes the increasing adoption of carbon fiber in the aviation industry owing to the growing demand for light weight aircraft in the industry. However, the reduction in the production rate and volume by various aircraft manufactures due to the COVID-19 outbreak may lower the demand for carbon fiber in the aviation industry that further restrain the market growth in the country. In the US, the aviation sector received around $60 billion as financial assistance under the Senate rescue package to tackle the downfall of the aviation industry in March 2020.

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The US 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. 

The companies which are contributing to the growth of the US aerospace carbon fiber market include Hexcel Corp., Teijin Ltd., Mitsubishi Chemical Holdings Corp., BGF Industries, Inc.,  SGL Carbon SE, Toray Industries, Inc., Solvay SA, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations to stay competitive in the market. 

Research Methodology

The market study of the US aerospace carbon fiber market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for aerospace carbon fiber market players, aerospace industry, contract manufacturers, raw material suppliers, distributors & traders, industry associates & experts, government organizations, regulatory bodies, and other market participants for the overall market and competitive analysis. The report provides an in-depth analysis on market size, products offered by the companies, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. US Aerospace Carbon Fiber Market Research and Analysis by Raw Material
2. US Aerospace Carbon Fiber Market Research and Analysis by Fiber Type
3. US Aerospace Carbon Fiber Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the US aerospace carbon fiber market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the US aerospace carbon fiber market.
• Insights about market determinants which are stimulating the US aerospace carbon fiber market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.