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Europe Carbon Fiber Market Analysis, Growth, Forecast [2031]
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Europe Carbon Fiber Market Analysis, Growth, Forecast [2031]

Segments - Europe Carbon Fiber Market by End-user Industries (Alternative Energy, Sporting Goods, Automotive, Aerospace & Defense, Construction & Infrastructure, and Others), Types (Recycled Fiber and Virgin Fiber), Raw Material (Polyacrylonitrile and Petroleum Pitch & Rayon), Applications (Textiles, Microelectrodes, Composite Materials, and Catalysis) and Region- Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031

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Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-2694 | 4.7 Rating | 81 Reviews | 205 Pages | Format : PDF Excel PPT

Report Description


Europe Carbon Fiber Market Outlook 2031:

The Europe carbon fiber market size was valued at USD 888.15 Million in 2022 and is projected to reach USD 1.74 Billion by 2031, expanding at a CAGR of 7.8% during the forecast period 2023 - 2031. The growth of the market is attributed to rising demand for light weight and fuel-efficient vehicles in various industries.

Carbon fiber is made up of a lengthy strand of carbon atoms linked together. The fibers are rigid, robust, and lightweight. The aircraft and aerospace industries, as well as wind energy and the automobile sector with improved resin systems, have the major demand for carbon fiber.

Europe Carbon Fiber Market Outlook

Carbon fiber was first developed in the late 1950s and made its debut in footwear over a decade ago owing to its lightweight and stiff properties, then due to its structure and properties established a global demand in various industries.

Major carbon fiber manufacturing in the Europe is done in Hungary, Germany, France, and the United Kingdom and the laws governing carbon fiber exports are less stringent.

  • The EU renewal energy policies and support of the wind energy sector are projected to boost the market during the forecast period.
  • Obligatory vehicle emission reduction targets are anticipated to drive the market.
  • Less restrictive trade policies on carbon fiber export in the region are the major factor fueling the market.
  • Rising aircraft manufacturing industries in the region are major factors boosting the market in the coming years.
  • High cost of production act as key challenges that can hinder the market growth.
  • Strong policies for intellectual property rights on research and development of carbon fibers are expected to create significant opportunities for the market players.

Scope of Carbon Fiber Market Report

The report on the Europe carbon fiber market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Europe carbon fiber market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

End-user Industries (Alternative Energy, Sporting Goods, Automotive, Aerospace & Defense, Construction & Infrastructure, and Others), Types (Recycled Fiber and Virgin Fiber), Raw Material (Polyacrylonitrile and Petroleum Pitch & Rayon), Applications (Textiles, Microelectrodes, Composite Materials, and Catalysis)

Regional Scope

Europe

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

TEIJIN LIMITED; TORAY INDUSTRIES, INC; Mitsubishi Chemical Carbon Fiber and Composites Inc.; SGL Carbon, Solvay

Carbon Fiber Market Segment Insights

The aerospace & defense segment is expected to grow at a rapid pace

In terms of technologies, the Europe carbon fiber market is divided into alternative energy, sporting goods, automotive, aerospace & defense, construction & infrastructure, and others.

The aerospace & defense segment is expected to account for a key share of the market during the forecast period owing to rising European aerospace & defense industries as a world leader in all subsectors such as land & naval, civil aeronautics, military aeronautics, and space.

Europe Carbon Fiber Market Technologies

The recycled fiber segment is anticipated to hold major market share

On the basis of types, the Europe carbon fiber market is bifurcated into recycled fiber and virgin fiber. The recycled fiber segment is expected to constitute a key share of the market in the coming years owing to a low-cost alternative for many commercial applications.

The polyacrylonitrile segment is anticipated to expand at a rapid CAGR

Based on raw material, the Europe carbon fiber market is bifurcated into polyacrylonitrile and petroleum pitch & rayon. The polyacrylonitrile segment is expected to hold a key share of the market during the forecast period owing to possibility to recycle and less environmental effect.

The composite materials segment is projected to account for a large market share

On the basis of applications, the Europe carbon fiber market is segmented into textiles, microelectrodes, composite materials, and catalysis.  The composite materials segment is anticipated to represent a large market share owning to rising carbon-carbon (C-C) composites production for missile and military aircraft components, rocket nozzles, strategic missile exit cones, and military aircraft braking discs.

Europe Carbon Fiber Market Application

Segments

The Europe carbon fiber market has been segmented on the basis of

Technologies

  • Alternative Energy
  • Sporting Goods,
  • Automotive
  • Aerospace & Defense
  • Construction & Infrastructure
  • Others

Types

  • Recycled Fiber
  • Virgin Fiber

Raw Material

  • Polyacrylonitrile
  • Petroleum Pitch & Rayon

Applications

  • Textiles
  • Microelectrodes
  • Composite Materials
  • Catalysis

Region

  • Europe

Key Market Players

Competitive Landscape

Key players competing in the Europe carbon fiber market include TEIJIN LIMITED; TORAY INDUSTRIES, INC; Mitsubishi Chemical Carbon Fiber and Composites Inc.; SGL Carbon, Solvay.

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

Europe Carbon Fiber Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Carbon Fiber Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Carbon Fiber Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Carbon Fiber Market - Supply Chain
  4.5. Global Carbon Fiber Market Forecast
     4.5.1. Carbon Fiber Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Carbon Fiber Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Carbon Fiber Market Absolute $ Opportunity
5. Global Carbon Fiber Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Carbon Fiber Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Carbon Fiber Demand Share Forecast, 2019-2026
6. North America Carbon Fiber Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Carbon Fiber Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Carbon Fiber Demand Share Forecast, 2019-2026
7. Latin America Carbon Fiber Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Carbon Fiber Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Carbon Fiber Demand Share Forecast, 2019-2026
8. Europe Carbon Fiber Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Carbon Fiber Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Carbon Fiber Demand Share Forecast, 2019-2026
9. Asia Pacific Carbon Fiber Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Carbon Fiber Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Carbon Fiber Demand Share Forecast, 2019-2026
10. Middle East & Africa Carbon Fiber Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Carbon Fiber Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Carbon Fiber Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Carbon Fiber Market: Market Share Analysis
  11.2. Carbon Fiber Distributors and Customers
  11.3. Carbon Fiber Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. TEIJIN LIMITED
     11.4.2. TORAY INDUSTRIES, INC
     11.4.3. Mitsubishi Chemical Carbon Fiber and Composites Inc
     11.4.4. SGL Carbon
     11.4.5. Solvay

Methodology

Our Clients

Pfizer
sinopec
FedEx Logistics
Dassault Aviation
General Mills
The John Holland Group
Siemens Healthcare
Nestle SA