European aerospace carbon fiber market is estimated to grow significantly at a CAGR of around 8.1% during the forecast period. The factors that contribute to the growth of the market include significant growth in the aviation industry coupled with the growing demand for the lightweight vehicle in the aviation industry. As per the Aerospace and Defense Industries Association of Europe, the European aerospace and defense industry turnover was around $280 billion in 2018. More than half of the share (51.5%) goes to civil aeronautics which is around $145 billion, followed by military aeronautical to 18.3% (around $52 billion). Therefore, the growing aviation industry further contributes to the demand for carbon fiber that uses in aircraft manufacturing.
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The European aerospace carbon fiber market is segmented on the basis of raw material, fiber type, and application. On the basis of raw material, the market is sub-segmented into PAN and petroleum pitch & rayon. PAN is the predominant precursor for carbon fiber due to superior strength and stability, and higher carbon yield. PAN-based carbon fiber is widely used in the aerospace industry. Based on the fiber type, the market is segmented into virgin aerospace carbon fiber and recycled aerospace carbon fiber. Based on the application, the market is classified into commercial aviation, military aviation, and rotorcrafts.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
European Aerospace Carbon Fiber Market by Raw Material
- Polyacrylonitrile (PAN)
- Petroleum Pitch & Rayon
European Aerospace Carbon Fiber Market by Fiber Type
- Virgin Carbon Fiber
- Recycled Carbon fiber
European Aerospace Carbon Fiber Market by Application
- Commercial Aviation
- Military Aviation
- Rotorcrafts
Regional Analysis
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Company Profiles
- ELG Carbon Fibre Ltd.
- Hexcel Corp.
- Muhr Und Bender KG
- Polar Manufacturing Ltd.
- Solvay SA
- SGL Carbon SE
- Sigmatex Ltd.
- Toray Industries, Inc.
- Teijin Ltd.
- UMATEX, ROSATOM State Corp.
The Report Covers
- Comprehensive research methodology of the European aerospace carbon fiber market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the European aerospace carbon fiber market.
- Insights about market determinants which are stimulating the European aerospace carbon fiber market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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