Europe Carbon Fiber Market Trends and Analysis by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

Europe Carbon Fiber Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Raw Material (PAN and Pitch) and End Use Industry (Automotive, Aerospace and Defense, Construction, Sporting Goods, Wind Energy, and Others)

Report Date : May 2021
Report Code : TIPRE00007906

Category : Chemicals and Materials
Status : Published

Available Report Formats :
No. of Pages : 108

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Carbon Fiber Market in Europe is expected to grow from US$ 721.82 million in 2019 to US$ 1504.51 million by 2027; it is estimated to grow at a CAGR of 9.8% from 2020 to 2027.

The UK, Russia, and Germany are major economies in Europe. Surge in demands from automotive and aerospace applications recently gained momentum after weak growth over the past few years the automotive manufacturers are demanding new and innovative high-quality material for producing automotive components. As carbon fibers offer high modulus and specific strength, fatigue strength, stiffness, and pressure-withstanding capacity; lower thermal expansion coefficient; corrosion resistance; and other beneficial properties; these are being widely used in the automotive and other industrial applications. These fibers are widely preferred over aluminum and steel. Also, the rising demands of lightweight materials, along with government initiatives to reduce the harmful gas emissions and increase fuel efficiency, is expected to drive the market for carbon fiber in automotive applications. The carbon fibers are widely used for transporting and storing liquefied and compressed natural gas in automotive applications, with major demands from Europe. Furthermore, carbon fiber is also used in the aerospace industry. Carbon fiber has high chemical resistance, tensile strength, stiffness, and low thermal expansion and weight properties which makes it suitable for aerospace application. It is used in designing, assembling, and manufacturing various types of aircraft. Over the past few years, the aerospace industry has switched from aluminum material to carbon fiber for the construction of the aircraft. Carbon fiber aircraft will burn and consume lesser amount of fuel due to its lightweight. Due to lesser fuel consumption, the aircraft will also have enough fuel left to cover long distances. These advantages of carbon fiber provide a lucrative opportunity for market players over the forecast period. Carbon fiber is also used in high-end bike frames, tennis rackets and surfboards is also bolstering the growth of the industry.

In Europe, currently the UK and Russia are the hardest-hit countries by the coronavirus pandemic. It is estimated to suffer an economic hit due to a lack of revenue from various industries, as the country recorded the highest number of coronavirus cases followed by France, Spain, Italy, and Germany. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Carbon Fiber Market Europe Carbon Fiber Market is expected to grow at a good CAGR during the forecast period. 21734-img1

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Europe Carbon Fiber Market Segmentation

Europe Carbon Fiber Market – By Raw Material

PAN
Pitch

Europe Carbon Fiber Market– By End Use Industry

Automotive
Aerospace and Defense
Construction
Sporting Goods
Wind Energy
Others

Europe Carbon Fiber Market – By Country

Germany
France
Hungary
UK
Russia
Rest of Europe

Europe Carbon Fiber Market -Companies Mentioned

DowAksa
Formosa Plastic Corporation
Hexcel Corporation
Hyosung Corporation
Kureha Corporation
Mitsubishi Chemical Corporation
SGL Carbon
Solvay
Teijin Limited
Toray Industries,Inc

Europe Carbon Fiber Report Scope

Report Attribute	Details
Market size in 2019	US$ 721.82 Million
Market Size by 2027	US$ 1504.51 Million
Global CAGR (2020 - 2027)	9.8%
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Raw Material PAN and Pitch By End Use Industry Automotive Aerospace and Defense Construction Sporting Goods Wind Energy
Regions and Countries Covered	Europe UK Germany France Russia Italy Rest of Europe
Market leaders and key company profiles	DowAksa Formosa Plastic Corporation Hexcel Corporation Hyosung Corporation Kureha Corporation Mitsubishi Chemical Corporation SGL Carbon Solvay Teijin Limited

Research Manager

Habi Ummer

Manager,
Market Research & Consulting

Habi is a seasoned Market Research Analyst with 8 years of experience specializing in the Chemicals and Materials sector, with additional expertise in the Food & Beverages and Consumer Goods industries. He is a Chemical Engineer from Vishwakarma Institute of Technology (VIT) and has developed deep domain knowledge across industrial and specialty chemicals, paints and coatings, paper and packaging, lubricants, and consumer products. Habi’s core competencies include market sizing and forecasting, competitive benchmarking, trend analysis, client engagement, report writing, and team coordination—making him adept at delivering actionable insights and supporting strategic decision-making.

What are the Europe Carbon Fiber Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Europe Carbon Fiber Market Report Snapshots

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