European Carbon Fiber Market Size, Share, Analysis, Industry Report and Forecast 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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European Carbon Fiber Market Segmentation

By Raw Material

·         Polyacrylonitrile (PAN)

·         Petroleum Pitch & Rayon

By Fiber Type

·         Virgin Carbon Fiber

·         Recycled Carbon Fiber

By Industry Verticals

·         Aerospace & Defense

·         Automotive

·         Construction Infrastructure

·         Others (Sporting Goods)

Regional Analysis

·         UK

·         Germany

·         France

·         Spain 

·         Italy

·         Rest of Europe

Company Profiles

·         DowAksa Advanced Composites Holdings BV

·         ELG Carbon Fibre Ltd.

·         Hexcel Corp.

·         Kureha Corp.

·         Muhr Und Bender KG

·         Solvay SA

·         SGL Carbon SE

·         Toray Industries Inc.

·         Teijin Ltd.

·         UMATEX, ROSATOM State Corp.

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