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Europe Carbon Fiber Market Forecast to 2028 –Regional Analysis – by Raw Material (Polyacrylonitrile-Based and Pitch-Based), Application (Composite Materials, Microelectrodes, and Others), and End-Use Industry (Automotive, Aerospace and Defense, Building and Construction, Sporting Goods, Wind Energy, Textiles, Marine, and Others)

The carbon fiber market in Europe is expected to grow from US$ 887.15 million in 2022 to US$ 1,389.89 million by 2028. It is estimated to grow at a CAGR of 7.8% from 2022 to 2028.

Escalating Demand for Automotive and Aerospace Applications is Fueling Europe Carbon Fiber Market

The automotive manufacturers are demanding innovative and high-quality materials for producing automotive components that are lighter in weight and have high mechanical and tensile strength. Among the various materials, carbon fiber is considered as one of the most suitable materials for lightweight automobile parts. Moreover, the carbon-fiber-reinforced composites are used as the essential materials to substitute steel and aluminum parts that are heavier in weight and result in reduced fuel efficiency. The use of carbon fiber in the automobile industry has improved fuel efficiency, leading to energy conservation, and minimizing carbon dioxide emissions. Leading automotive manufacturers are using carbon fiber for manufacturing 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. Government initiatives that emphasize on reduction of harmful gas emissions and increase fuel efficiency, is expected to drive the market for carbon fiber in automotive industry. 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 aircrafts. 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 parts consume lesser amount of fuel due to its lightweight property. Due to lesser fuel consumption, the aircraft also has enough fuel left to cover long distances. These advantages of carbon fiber are significantly driving the Europe carbon fiber market growth.

Europe Carbon Fiber Market Overview

Automotive industry is one of the significant contributors to the GDP of European countries. According to the report by European Commission, turnover generated by the automotive industry in Europe represents 7% of the region’s total GDP. According to the 2022 report by International Energy Agency, the number of electric vehicles sold in Europe were 2.3 million in 2021 (up from 1.4 million in 2020). Carbon fiber is extensively used in the automotive industry to manufacture vehicle parts that have high mechanical strength, elasticity, and lighter weight. Thus, the presence of well-established automotive industry in Europe provides strong potential to the carbon fiber market. Moreover, Europe is a significant market owing to the presence of major manufacturers involved in manufacturing commercial, military, and business jets. The rising utilization of carbon fiber reinforced composites in aviation industry and other end-use industries across Germany, France, the UK, and other European countries are expected to fuel the carbon fiber market during the forecast period.

Europe Carbon Fiber Market Revenue and Forecast to 2028 (US$ Million)

Europe Carbon Fiber Market Segmentation

The Europe carbon fiber market is segmented into raw material, application, end use industry and, country.

Based on raw material, the Europe carbon fiber market is segmented into polyacrylonitrile-based and pitch-based. The polyacrylonitrile-based segment held a larger Europe carbon fiber market share in 2022.

Based on application, the Europe carbon fiber market is segmented into composite materials, microelectrodes, and others. The Composite Materials segment held the largest Europe carbon fiber market share in 2022.

Based on end use industry, the Europe carbon fiber market is segmented into automotive, aerospace and defense, building and construction, sporting goods, wind energy, textiles, marine, and others. The automotive segment held the largest Europe carbon fiber market share in 2022.

Based on country, the Europe carbon fiber market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe carbon fiber market share in 2022.

DowAksa Advanced Composite Material Industries Ltd Co; Formosa Plastics Corp; Hexcel Corp; Hyosung Advanced Materials Corp; Kureha Corp; Mitsubishi Chemical Corp; SGL Carbon SE; Solvay SA; Teijin Ltd; and Toray Industries Inc are the leading companies operating in the carbon fiber market in the Europe.

TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Carbon Fiber Market, by Raw Material
1.3.2 Europe Carbon Fiber Market, by Application
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 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Europe Carbon Fiber Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Suppliers:
4.2.3 Bargaining Power of Buyers:
4.2.4 Intensity of Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Overview:
4.3.2 Raw Material Suppliers:
4.3.3 Manufacturers
4.3.4 End-User
4.4 Expert Opinion
5. Europe Carbon Fiber Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Escalating Demand for Automotive and Aerospace Applications
5.1.2 Rising Demand for Carbon Fiber in Wind Energy Industry
5.2 Key Market Restraints
5.2.1 High Cost Associated with Carbon Fiber
5.3 Key Market Opportunities
5.3.1 Increasing Usage of Carbon Fiber in the Sporting Goods Industry
5.4 Key Future Trends
5.4.1 Surging Use of Carbon in 3D Printing
5.5 Impact Analysis
6. Carbon Fiber Market – Europe Analysis
6.1 Europe Carbon Fiber Market –Volume and Forecast to 2028 (Tons)
6.2 Europe Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)
7. Europe Carbon Fiber Market Analysis – By Raw Material
7.1 Overview
7.2 Europe Carbon Fiber Market, By Raw Material (2021 and 2028)
7.3 Polyacrylonitrile-Based
7.3.1 Overview
7.3.2 Polyacrylonitrile-Based: Europe Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
7.3.3 Polyacrylonitrile-Based: Europe Carbon Fiber Market – Volume and Forecast to 2028 (Tons)
7.4 Pitch-Based
7.4.1 Overview
7.4.2 Pitch-Based: Europe Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
7.4.3 Pitch-Based: Europe Carbon Fiber Market – Volume and Forecast to 2028 (Tons)
8. Europe Carbon Fiber Market Analysis –Application
8.1 Overview
8.2 Europe Carbon Fiber Market, By Application (2021 and 2028)
8.3 Composite Materials
8.3.1 Overview
8.3.2 Composite Materials: Europe Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Microelectrodes
8.4.1 Overview
8.4.2 Microelectrodes: Europe Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Europe Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Carbon Fiber Market Analysis – End-Use Industry
9.1 Overview
9.2 Europe Carbon Fiber Market, By End-Use Industry (2021 and 2028)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive: Europe Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Aerospace and Defense
9.4.1 Overview
9.4.2 Aerospace and Defense: Europe Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Building and Construction
9.5.1 Overview
9.5.2 Building and Construction: Europe Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Sporting Goods
9.6.1 Overview
9.6.2 Sporting Goods: Europe Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Wind Energy
9.7.1 Overview
9.7.2 Wind Energy: Europe Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
9.8 Textiles
9.8.1 Overview
9.8.2 Textiles: Europe Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
9.9 Marine
9.9.1 Overview
9.9.2 Marine: Europe Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
9.10 Others
9.10.1 Overview
9.10.2 Others: Europe Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
10. Europe Carbon Fiber Market – Country Analysis
10.1 Europe: Carbon Fiber Market
10.1.1
10.1.2 Europe: Carbon Fiber Market, by Key Country
10.1.2.1 Germany: Carbon Fiber Market–Revenue and Forecast to 2028 (US$ Million)
10.1.2.2 Germany: Carbon Fiber Market–Volume and Forecast to 2028 (Tons)
10.1.2.2.1 Germany: Carbon Fiber Market, by Raw Material
10.1.2.2.2 Germany: Carbon Fiber Market, by Raw Material
10.1.2.2.3 Germany: Carbon Fiber Market, by Application
10.1.2.2.4 Germany: Carbon Fiber Market, by End-Use Industry
10.1.2.3 France: Carbon Fiber Market–Revenue and Forecast to 2028 (US$ Million)
10.1.2.4 France: Carbon Fiber Market–Volume and Forecast to 2028 (Tons)
10.1.2.4.1 France: Carbon Fiber Market, by Raw Material
10.1.2.4.2 France: Carbon Fiber Market, by Raw Material
10.1.2.4.3 France: Carbon Fiber Market, by Application
10.1.2.4.4 France: Carbon Fiber Market, by End-Use Industry
10.1.2.5 Italy: Carbon Fiber Market–Revenue and Forecast to 2028 (US$ Million)
10.1.2.6 Italy: Carbon Fiber Market–Volume and Forecast to 2028 (Tons)
10.1.2.6.1 Italy: Carbon Fiber Market, by Raw Material
10.1.2.6.2 Italy: Carbon Fiber Market, by Raw Material
10.1.2.6.3 Italy: Carbon Fiber Market, by Application
10.1.2.6.4 Italy: Carbon Fiber Market, by End-Use Industry
10.1.2.7 United Kingdom: Carbon Fiber Market–Revenue and Forecast to 2028 (US$ Million)
10.1.2.8 United Kingdom: Carbon Fiber Market–Volume and Forecast to 2028 (Tons)
10.1.2.8.1 United Kingdom: Carbon Fiber Market, by Raw Material
10.1.2.8.2 United Kingdom: Carbon Fiber Market, by Raw Material
10.1.2.8.3 United Kingdom: Carbon Fiber Market, by Application
10.1.2.8.4 United Kingdom: Carbon Fiber Market, by End-Use Industry
10.1.2.9 Russia: Carbon Fiber Market–Revenue and Forecast to 2028 (US$ Million)
10.1.2.10 Russia: Carbon Fiber Market–Volume and Forecast to 2028 (Tons)
10.1.2.10.1 Russia: Carbon Fiber Market, by Raw Material
10.1.2.10.2 Russia: Carbon Fiber Market, by Raw Material
10.1.2.10.3 Russia: Carbon Fiber Market, by Application
10.1.2.10.4 Russia: Carbon Fiber Market, by End-Use Industry
10.1.2.11 Rest of Europe: Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)
10.1.2.12 Rest of Europe: Carbon Fiber Market – Volume and Forecast to 2028 (Tons)
10.1.2.12.1 Rest of Europe: Carbon Fiber Market, by Raw Material
10.1.2.12.2 Rest of Europe: Carbon Fiber Market, by Raw Material
10.1.2.12.3 Rest of Europe: Carbon Fiber Market, by Application
10.1.2.12.4 Rest of Europe: Carbon Fiber Market, by End-Use Industry
11. Industry Landscape
11.1 Overview
11.2 New Product Development
11.3 Merger and Acquisition
11.4 Partnerships
12. Company Profiles
12.1 SGL Carbon SE
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 DowAksa Advanced Composite Material Industries Ltd Co
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
12.2.6 Key Developments
12.3 Formosa Plastics Corp
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 Hexcel Corp
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 Hyosung Advanced Materials Corp
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
12.5.6 Key Developments
12.6 Kureha Corp
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 Solvay SA
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 Teijin Ltd
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Toray Industries Inc
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 Mitsubishi Chemical Corp
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 of Terms

LIST OF TABLES

Table 1. Europe Carbon Fiber Market –Volume and Forecast to 2028 (Tons)
Table 2. Europe Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany Carbon Fiber Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany Carbon Fiber Market, by Raw Material – Volume and Forecast to 2028 (Tons)
Table 5. Germany Carbon Fiber Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany Carbon Fiber Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 7. France Carbon Fiber Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)
Table 8. France Carbon Fiber Market, by Raw Material – Volume and Forecast to 2028 (Tons)
Table 9. France Carbon Fiber Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. France Carbon Fiber Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy Carbon Fiber Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)
Table 12. Italy Carbon Fiber Market, by Raw Material – Volume and Forecast to 2028 (Tons)
Table 13. Italy Carbon Fiber Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Italy Carbon Fiber Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 15. United Kingdom Carbon Fiber Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)
Table 16. United Kingdom Carbon Fiber Market, by Raw Material – Volume and Forecast to 2028 (Tons)
Table 17. United Kingdom Carbon Fiber Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 18. United Kingdom Carbon Fiber Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 19. Russia: Carbon Fiber Market, by Raw Material– Revenue and Forecast to 2028 (US$ Million)
Table 20. Russia: Carbon Fiber Market, by Raw Material– Volume and Forecast to 2028 (Tons)
Table 21. Russia: Carbon Fiber Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia: Carbon Fiber Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe Carbon Fiber Market, by Raw Material – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe Carbon Fiber Market, by Raw Material – Volume and Forecast to 2028 (Tons)
Table 25. Rest of Europe Carbon Fiber Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 26. Rest of Europe Carbon Fiber Market, by End-Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 27. Glossary of Terms

LIST OF FIGURES

Figure 1. Europe Carbon Fiber Market Segmentation
Figure 2. Europe Carbon Fiber Market Segmentation – By Country
Figure 3. Europe Carbon Fiber Market Overview
Figure 4. Europe Carbon Fiber Market, By Raw Material
Figure 5. Europe Carbon Fiber Market, by Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. Europe Carbon Fiber Market Ecosystem
Figure 8. Expert Opinion
Figure 9. Europe Carbon Fiber Market Impact Analysis of Drivers and Restraints
Figure 10. Europe Carbon Fiber Market –Volume and Forecast to 2028 (Tons)
Figure 11. Europe Carbon Fiber Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe Carbon Fiber Market Revenue Share, By Raw Material (2021 and 2028)
Figure 13. Polyacrylonitrile-Based: Europe Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Polyacrylonitrile-Based: Europe Carbon Fiber Market – Volume and Forecast To 2028 (Tons)
Figure 15. Pitch-Based: Europe Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Pitch-Based: Europe Carbon Fiber Market – Volume and Forecast To 2028 (Tons)
Figure 17. Europe Carbon Fiber Market Revenue Share, By Application (2021 and 2028)
Figure 18. Composite Materials: Europe Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Microelectrodes: Europe Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Others: Europe Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Europe Carbon Fiber Market Revenue Share, By End-Use Industry (2021 and 2028)
Figure 22. Automotive: Europe Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Aerospace and Defense: Europe Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Building and Construction: Europe Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Sporting Goods: Europe Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. Wind Energy: Europe Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 27. Textiles: Europe Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 28. Marine: Europe Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 29. Others: Europe Carbon Fiber Market – Revenue and Forecast To 2028 (US$ Million)
Figure 30. Europe: Wire Rod Market, by Key Country – Revenue (2021) (US$ Million)
Figure 31. Europe: Carbon Fiber Market Revenue Share, by Key Country (2021 and 2028)
Figure 32. Germany: Carbon Fiber Market–Revenue and Forecast to 2028 (US$ Million)
Figure 33. Germany: Carbon Fiber Market–Volume and Forecast to 2028 (Tons)
Figure 34. France: Carbon Fiber Market–Revenue and Forecast to 2028 (US$ Million)
Figure 35. France: Carbon Fiber Market–Volume and Forecast to 2028 (Tons)
Figure 36. Italy: Carbon Fiber Market–Revenue and Forecast to 2028 (US$ Million)
Figure 37. Italy: Carbon Fiber Market–Volume and Forecast to 2028 (Tons)
Figure 38. United Kingdom: Carbon Fiber Market–Revenue and Forecast to 2028 (US$ Million)
Figure 39. United Kingdom: Carbon Fiber Market–Volume and Forecast to 2028 (Tons)
Figure 40. Russia: Carbon Fiber Market–Revenue and Forecast to 2028 (US$ Million)
Figure 41. Russia: Carbon Fiber Market– Volume and Forecast to 2028 (Tons)
Figure 42. Rest of Europe: Carbon Fiber Market –Revenue and Forecast to 2028 (US$ Million)
Figure 43. Rest of Europe: Carbon Fiber Market – Volume and Forecast to 2028 (Tons)

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe carbon fiber market.
● 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 across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the carbon fiber market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

The List of Companies – Europe Carbon Fiber Market

● DowAksa Advanced Composite Material Industries Ltd Co
● Formosa Plastics Corp
● Hexcel Corp
● Hyosung Advanced Materials Corp
● Kureha Corp
● Mitsubishi Chemical Corp
● SGL Carbon SE
● Solvay SA
● Teijin Ltd
● Toray Industries Inc

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