Europe Carbon Fiber Market to 2027 - Regional Analysis and Forecasts By Precursor (PAN based, Pitch); Form (Composite, Non-Composite); End Use Industry (Automotive, Aerospace and Defense, Construction, Sporting Goods, Wind Energy, Others), and Countries
Publication Month: Dec 2019
Report Code: TIPRE00007906 No. of Pages: 146 Category: Chemicals and Materials Status: Published
The Europe carbon fiber market is accounted to US$ 724.5 Mn in 2018 and is expected to grow at a CAGR of 9.9% during the forecast period 2019 – 2027, to account to US$ 1,669.1 Mn by 2027.
France is dominating the Europe carbon fiber market followed by the Rest of Europe. Increasing demands for carbon-fiber for automotive and aerospace and defense application would drive the market in the coming years. Also, the increasing production of supercars or high-premium sports cars in Europe has led to rising requirements of carbon fiber, thereby driving the European market growth. The European government regulations mandating the reduction in harmful gas emissions, and lowering of vehicle weights are driving the market for carbon fibers. The carbon fiber, due to their low weight and high strength, are widely adopted in the mass production of vehicles in Europe. The Euro 6 regulations are also likely to boost the adoption of the carbon fiber during the forecast period.
Europe Carbon Fiber Market
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Market Insights
Rising demands from automotive and aerospace applications
As carbon fibers offer high modulus and fatigue strength, specific strength, pressure-withstanding and ceuropeity stiffness; corrosion resistance; lower thermal expansion coefficient; and other beneficial properties, these are being widely used in the automotive and other industrial applications. These fibers are widely preferred to be better than aluminum and steel. Also, the increasing demands of lightweight materials, along with government initiatives such as CARS 2020 Action Plan, GEAR 2030, etc. Also, Horizon 2020 by EU focuses on providing funds for R&D on automotive by launching programs such as European Green Vehicles Initiative and programs on 'Road Transport, ‘Factories of the Future' and 'Logistics.', are projected to drive the market for carbon fiber in automotive applications. The carbon fibers are also used for transporting and storing liquefied and compressed natural gas in automotive applications, with major demands from Europe.
Precursors Insights
Based on precursors, the Europe carbon fiber market is bifurcated as PAN-based and pitch. The PAN-based segment dominated the Europe carbon fiber market. The presence of linear nitrile groups results in a robust intermolecular interaction in linear PAN that leads to having a high melting point, which results in the degradation before the temperature reaches the melting point. The rising demand for carbon fiber in the industrial applications has led to an upsurge to the manufacturing and production of PAN as it is one of the most widely used precursors. The PAN polymerization is run either as a continuous process or as a batch process. A continuous process is used to produce PAN with relatively wide molecular weight distribution whereas a continuous process is used for a large-scale production.
Form Insights
The Europe carbon fiber market is bifurcated based on form into composite and non-composite. The composite segment accounted for the largest share in the Europe carbon fiber market. The carbon fiber reinforced polymers are advanced composite materials that are used in a wide variety of applications, from the sports equipment to the aerospace and automotive sector. Carbon fibers, when bound with plastic polymer resin, produce a composite material that is durable, extremely strong, and lightweight that can be used in various forms, including tubes, tows, and fabrics. The steady decrease in the prices, coupled with the availability of multiple carbon fibers and polymer matrix materials, have helped the carbon fiber polymer composite materials to achieve an essential position in the Europe market. The characteristic properties like corrosion resistance, high stiffness, low thermal induction, and other properties have played an important role in the expansion of the composite material market in the European market.
End-Use Industry Insights
The Europe carbon fiber market is bifurcated based on the end-use industry into automotive, aerospace and defense, construction, sporting goods, wind energy, and others. The aerospace & defense segment accounted for the highest share in the Europe carbon fiber market. The French economy is dominated by machinery, aircraft, chemical, and automotive, among others. The production volume is continuously growing, attributing to the demand from the French as well as international customers. Additionally, France is one of the leading countries in Europe, which has significantly developed the aerospace industry. The aerospace industry in this country is influenced by the European Defense, aeronautical, and Space Company. Moreover, several research and development initiatives by the government for the growth in the aerospace industry is further expected to flourish the market for carbon fiber in the country.
Rest of Europe Carbon Fiber Market by Precursors
Strategic Insights
New product development, market initiatives and merger and acquisition were observed as the most adopted strategies in Europe carbon fiber market. Few of the recent developments in the Europe Carbon fiber market are listed below:
2018: SGL Carbon declared that it started serial production of an innovative carbon fiber in order expand its material portfolio
2017: Solvay completed the acquisition of European Carbon Fiber GmbH (“ECF”). ECF is a German producer of high-quality “precursor” for large-tow (50K) Polyacrylonitrile (PAN) carbon fibers. With the help of this acquisition, Solvay is aiming to build the foundations to lead the adoption of composites in automotive applications, to serve select industrial markets, and to support the potential adoption of large-tow fibers in aerospace.
EUROPE CARBON FIBER MARKET SEGMENTATION
By Precursor
- PAN-based
- Pitch
By Form
- Composite
- Non-Composite
By End-Use Industry
- Automotive
- Aerospace and Defense
- Construction
- Sporting Goods
- Wind Energy
- Others
By Country
- Germany
- UK
- France
- Hungary
- Russia
- Rest of Europe
Company Profiles
- DowAksa
- Formosa Plastics Corporation
- Hexcel Corporation
- Hyosung Corporation
- Kureha Corporation
- Mitsubishi Chemical Corporation
- SGL Carbon
- Solvay
- Teijin Limited
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Carbon Fiber Market – By Precursor
1.3.2 Europe Carbon Fiber Market – By Form
1.3.3 Europe Carbon Fiber Market – By End-Use Industry
1.3.4 Europe Carbon Fiber Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Carbon Fiber Market Landscape
4.1 Market Overview
4.2 PEST Analysis – Europe
5. Carbon Fiber Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising demands from automotive and aerospace applications
5.1.2 Increasing usage of carbon fiber in wind energy industry
5.2 Restraints
5.2.1 High costs and other disadvantages associated with carbon fibers
5.3 Opportunity
5.3.1 Increasing usage of carbon fiber in the sporting goods industry
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. Carbon Fiber – Europe Market Analysis
6.1 Europe Carbon Fiber Market Overview
6.2 Europe Carbon Fiber Market Forecast and Analysis
7. Europe Carbon Fiber Market Analysis – By Precursor
7.1 Overview
7.2 Europe Carbon Fiber Market Breakdown, By Precursor, 2018 & 2027
7.3 Polyacrylonitrile (PAN)
7.3.1 Overview
7.3.2 Europe PAN Market Revenue Forecasts To 2027 (US$ Mn)
7.4 Pitch
7.4.1 Overview
7.4.2 Europe Pitch Market Revenue Forecasts To 2027 (US$ Mn)
8. Europe Carbon Fiber Market Analysis – By Form
8.1 Overview
8.2 Europe Carbon Fiber Market Breakdown, By Form, 2018 & 2027
8.3 Composites
8.3.1 Overview
8.3.2 Europe Composites Carbon Fiber Market Revenue Forecasts To 2027 (US$ Mn)
8.4 Non-Composites
8.4.1 Overview
8.4.2 Europe Non-Composites Carbon Fiber Market Revenue Forecasts To 2027 (US$ Mn)
9. Europe Carbon Fiber Market Analysis – By End-use Industry
9.1 Overview
9.2 Europe Carbon Fiber Market Breakdown, By End-use industry, 2018 & 2027
9.3 Automotive
9.3.1 Overview
9.3.2 Europe Automotive Market Revenue Forecasts To 2027 (US$ Mn)
9.4 Aerospace and Defence
9.4.1 Overview
9.4.2 Europe Aerospace & Defense Market Revenue Forecasts To 2027 (US$ Mn)
9.5 Construction
9.5.1 Overview
9.5.2 Europe Construction Market Revenue Forecasts To 2027 (US$ Mn)
9.6 Sporting Goods
9.6.1 Overview
9.6.2 Europe Sporting Goods Revenue and Forecasts to 2027 (US$ MN)
9.7 Wind Energy
9.7.1 Overview
9.7.2 Europe Wind Energy Revenue and Forecasts to 2027 (US$ MN)
9.8 Others
9.8.1 Overview
9.8.2 Europe Others Revenue and Forecasts to 2027 (US$ MN)
10. Carbon Fiber Market – Country Analysis
10.1 Overview
10.1.1 Europe Carbon Fiber Market Breakdown, by Key Countries
10.1.1.1 Germany Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN)
10.1.1.1.1 Germany Carbon Fiber Market Breakdown by Precursor
10.1.1.1.2 Germany Carbon Fiber Market Breakdown by Form
10.1.1.1.3 Germany Carbon Fiber Market Breakdown by End-Use industry
10.1.1.2 UK Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN)
10.1.1.2.1 UK Carbon Fiber Market Breakdown by Precursor
10.1.1.2.2 UK Carbon Fiber Market Breakdown by Form
10.1.1.2.3 UK Carbon Fiber Market Breakdown by End-use industry
10.1.1.3 France Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN)
10.1.1.3.1 France Carbon Fiber Market Breakdown by Precursor
10.1.1.3.2 France Carbon Fiber Market Breakdown by Form
10.1.1.3.3 France Carbon Fiber Market Breakdown by End-use industry
10.1.1.4 Hungary Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN)
10.1.1.4.1 Hungary Carbon Fiber Market Breakdown by Precursor
10.1.1.4.2 Hungary Carbon Fiber Market Breakdown by Form
10.1.1.4.3 Hungary Carbon Fiber Market Breakdown by End-use industry
10.1.1.5 Russia Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN)
10.1.1.5.1 Russia Carbon Fiber Market Breakdown by Precursor
10.1.1.5.2 Russia Carbon Fiber Market Breakdown by Form
10.1.1.5.3 Russia Carbon Fiber Market Breakdown by End-use industry
10.1.1.6 Rest of Europe Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN)
10.1.1.6.1 Rest of Europe Carbon Fiber Market Breakdown by Precursor
10.1.1.6.2 Rest of Europe Carbon Fiber Market Breakdown by Form
10.1.1.6.3 Rest of Europe Carbon Fiber Market Breakdown by End-use industry
11. Industry Landscape
11.1 Overview
11.2 Merger & Acquisition
11.3 Product News
11.4 Market Initiatives
12. Company Profiles
12.1 DowAksa
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Formosa Plastics Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.3 Hexcel Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Hyosung Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Kureha Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.6 Mitsubishi Chemical Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 SGL Carbon
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Solvay
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
12.9 Teijin Limited
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Toray Industries, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. Europe Carbon Fiber Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. Europe Carbon Fiber Market Revenue and Forecasts to 2027 – By Precursor (US$ Mn)
Table 3. Europe Carbon Fiber Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 4. Europe Carbon Fiber Market Revenue and Forecasts to 2027 – By End-use industry (US$ Mn)
Table 5. Germany Carbon Fiber Market Revenue and Forecasts to 2027 – By Precursor (US$ Mn)
Table 6. Germany Carbon Fiber Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 7. Germany Carbon Fiber Market Revenue and Forecasts to 2027 – By End-Use industry (US$ Mn)
Table 8. UK Carbon Fiber Market Revenue and Forecasts to 2027 – By Precursor (US$ Mn)
Table 9. UK Carbon Fiber Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 10. UK Carbon Fiber Market Revenue and Forecasts to 2027 – By End-use industry (US$ Mn)
Table 11. France Carbon Fiber market Revenue and Forecasts to 2027 – By Precursor (US$ Mn)
Table 12. France Carbon Fiber Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 13. France Carbon Fiber Market Revenue and Forecasts to 2027 – By End-use industry (US$ Mn)
Table 14. Hungary Carbon Fiber Market Revenue and Forecasts to 2027 – By Precursor (US$ Mn)
Table 15. Hungary Carbon Fiber Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 16. Hungary Carbon Fiber Market Revenue and Forecasts to 2027 – By End-use industry (US$ Mn)
Table 17. Russia Carbon Fiber Market Revenue and Forecasts to 2027 – By Precursor (US$ Mn)
Table 18. Russia Carbon Fiber Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 19. Russia Carbon Fiber Market Revenue and Forecasts to 2027 – By End-use industry (US$ Mn)
Table 20. Rest of Europe Carbon Fiber Market Revenue and Forecasts to 2027 – By Precursor (US$ Mn)
Table 21. Rest of Europe Carbon Fiber Market Revenue and Forecasts to 2027 – By Form (US$ Mn)
Table 22. Rest of Europe Carbon Fiber Market Revenue and Forecasts to 2027 – By End-use industry (US$ Mn)
Table 23. Glossary of Terms, Carbon Fiber Market
LIST OF FIGURES
Figure 1. Europe Carbon Fiber Market Segmentations
Figure 2. Europe Carbon Fiber Market Segmentation – By Country
Figure 3. Europe Carbon Fiber Market Overview
Figure 4. Aerospace and Defense Segment Held Largest Share In The Europe Carbon Fiber Market
Figure 5. France Dominated The Europe Carbon Fiber Market In 2018
Figure 6. Europe Carbon Fiber Market, Industry Landscape
Figure 7. Europe– PEST Analysis
Figure 8. Europe Carbon Fiber Market Impact Analysis of Driver and Restraints
Figure 9. Europe Carbon Fiber Market Forecast And Analysis, (US$ Mn)
Figure 10. Europe Carbon Fiber Market Breakdown by Precursor, 2018 & 2027 (%)
Figure 11. Europe PAN Market Revenue Forecasts To 2027 (US$ Mn)
Figure 12. Europe Pitch Market Revenue Forecasts To 2027 (US$ Mn)
Figure 13. Europe Carbon Fiber Market Breakdown by Form, 2018 & 2027 (%)
Figure 14. Europe Composites Carbon Fiber Market Revenue Forecasts To 2027 (US$ Mn)
Figure 15. Europe Non-Composites Carbon Fiber Market Revenue Forecasts To 2027 (US$ Mn)
Figure 16. Europe Carbon Fiber Market Breakdown by End-use industry, 2018 & 2027 (%)
Figure 17. Europe Automotive Market Revenue Forecasts To 2027 (US$ Mn)
Figure 18. Europe Aerospace & Defense Market Revenue Forecasts To 2027 (US$ Mn)
Figure 19. Europe Construction Market Revenue Forecasts To 2027 (US$ Mn)
Figure 20. Europe Sporting Goods Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 21. Europe Wind Energy Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 22. Europe Others Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 23. Europe Carbon Fiber Market Breakdown by Key Countries, 2018 & 2027(%)
Figure 24. Germany Carbon Fiber Market Forecasts to 2027 (US$ MN)
Figure 25. UK Carbon Fiber Market Forecasts to 2027 (US$ MN)
Figure 26. France Carbon Fiber Market Forecasts to 2027 (US$ MN)
Figure 27. Hungary Carbon Fiber Market Forecasts to 2027 (US$ MN)
Figure 28. Russia Carbon Fiber Market Forecasts to 2027 (US$ MN)
Figure 29. Rest of Europe Carbon Fiber Market Forecasts to 2027 (US$ MN)
The List of Companies
- DowAksa
- Formosa Plastics Corporation
- Hexcel Corporation
- Hyosung Corporation
- Kureha Corporation
- Mitsubishi Chemical Corporation
- SGL Carbon
- Solvay
- Teijin Limited
- Toray Industries, Inc.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Europe carbon fiber market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.