European aerospace carbon fiber market is estimated to grow significantly at a CAGR of around 8.1% during the forecast period. The factors that contribute to the growth of the market include significant growth in the aviation industry coupled with the growing demand for the lightweight vehicle in the aviation industry. As per the Aerospace and Defense Industries Association of Europe, the European aerospace and defense industry turnover was around $280 billion in 2018. More than half of the share (51.5%) goes to civil aeronautics which is around $145 billion, followed by military aeronautical to 18.3% (around $52 billion). Therefore, the growing aviation industry further contributes to the demand for carbon fiber that uses in aircraft manufacturing.

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The European 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 segmented 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.

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Market Segmentation

European Aerospace Carbon Fiber Market by Raw Material

Polyacrylonitrile (PAN)
Petroleum Pitch & Rayon

European Aerospace Carbon Fiber Market by Fiber Type

Virgin Carbon Fiber
Recycled Carbon fiber

European Aerospace Carbon Fiber Market by Application

Commercial Aviation
Military Aviation
Rotorcrafts

Regional Analysis

UK
Germany
Italy
Spain
France
Rest of Europe

Company Profiles

ELG Carbon Fibre Ltd.
Hexcel Corp.
Muhr Und Bender KG
Polar Manufacturing Ltd.
Solvay SA
SGL Carbon SE
Sigmatex Ltd.

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