European Carbon Fiber Market Size, Share & Forecast to 2020-2026


Posted August 17, 2020 by rishabh3210

European Carbon Fiber Market Size, Share & Forecast to 2020-2026European Carbon Fiber Market Size, Share & Forecast to 2020-2026

 
The European carbon fiber market is estimated to grow significantly at a CAGR of around 8.4% during the forecast period. The market is mainly driven due to the increasing demand for carbon fiber in the automotive and aerospace industry. The countries in Europe are the leading aerospace and automotive manufacturers globally which are significantly contributing to the growth of the market. Major homegrown automotive companies in the region include Volkswagen AG, BMW AG, Daimler AG, Groupe PSA, Jaguar Land Rover Ltd., and Groupe Renault. These companies also export a significant number of automobiles all across the globe creating a demand for carbon fiber in the region. In addition, several aviation companies such as Airbus SE, Dassault Aviation SA, BAE Systems plc, and others are located in the region, which is providing a significant opportunity to the market.

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The European carbon fiber market is segmented on the basis of raw material, fiber type, and industry vertical. On the basis of raw material, the market is sub-segmented into PAN and petroleum pitch & rayon. Based on the fiber type, the market is classified into virgin carbon fiber and recycled carbon fiber. Based on the industry verticals, the market is classified into aerospace & defense, automotive, construction infrastructure, and others such as sporting goods. Among these, the aerospace & defense industry segment accounted for a major share in the market attributed to the increased production by the major aerospace and defense manufacturers.

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Market Segmentation

European Carbon Fiber Market by Raw Material

Polyacrylonitrile (PAN)
Petroleum Pitch & Rayon

European Carbon Fiber Market by Fiber Type

Virgin Carbon Fiber
Recycled Carbon Fiber

European Carbon Fiber Market by Industry Verticals

Aerospace & Defense
Automotive
Construction Infrastructure
Others (Sporting Goods)

Company Profiles

DowAksa Advanced Composites Holdings BV
ELG Carbon Fibre Ltd.
Hexcel Corp.
Kureha Corp.
Muhr Und Bender KG
Solvay SA
SGL Carbon SE

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Tags european carbon fiber market size , share forecast to 20202026
Last Updated August 17, 2020