As a whole, the aerospace composites market is expected to push USD 5 billion by 2024,
according a recent research report from Global Market Insights, Inc. This increasingly rising
demand is mostly spurred by the boost in commercial aircraft production, along with the ever-
growing defense sector. Global air passenger traffic also is projected to contribute to the rise in
the composite market.
Leading the composites is carbon fiber, accounting for the highest revenue industry share at
more than USD 3.5 billion by 2024. Especially common in primary and secondary aircraft
structures, these carbon fiber composites are used in the wings, fuselages, undercarriage, and
propulsion systems. Raw material cost for the production of these composites is also reducing,
which will naturally escalate the carbon fiber market growth.
Also, the commercial aircraft will the dominate composites market with a 52% revenue share
over the next eight years, adding the boost in carbon fiber utilization. Military aircrafts will also
grow rapidly, due to rising global investments in military aviation.
A New Advancement for the Near Future
As part of this carbon composites boom, the SGL Group has introduced a carbon fiber with a
high Young’s modulus. This innovation, known as Sigrafil C T50-4.8/280, makes the carbon
fiber suitable for aerospace applications and can also be used to make pressure vessels, drive
shafts, profiles, and sheet molding compounds (SMCs). Due to its extreme stiffness and
strength, the fiber meets high mechanical requirements for a wide range of purposes.
According to the SGL Group, the high Young’s modulus model is based on a 50k fiber (50,000
individual filaments) and is unique in the market.¹ Until now, only fibers with lower numbers of
filaments (12k or 24k) were capable of mechanical properties strong enough to function in the
Thanks to the SGL group, the new carbon fiber promises aerospace customers an attractive
material for a wider range of component classes.
etaGLOBAL Keeps You Up-to-Date with the Carbon Fiber Composites Market
We’re standing alongside you and your company as we watch the carbon fiber composites
industry take off. Look to us for updates and advice on product selection as the market grows
and products are enhanced. For more info on the state of materials today, contact us.