The European automotive carbon fiber market is estimated to grow significantly at a CAGR of around 8.8% during the forecast period. The automotive industry in Europe significantly adopted the carbon fibers as a composite material for various components that further provide significant growth to the market. Moreover, the region also manufactures high-performance sports cars that augment the demand for carbon fiber in the automotive segment. Porsche AG (Germany), Mclaren Automotive Ltd. (UK), Aston Martin Lagonda Global Holdings PLC (UK), Ferrari SpA (Italy), Maserati SpA (Italy) and others are some of the premium brands of cars originated in Europe.
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The European automotive 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 automotive industry. Based on the fiber type, the market is classified into virgin automotive carbon fiber and recycled automotive carbon fiber. Based on the application, the market is classified into the interior, exterior, structural assembly, and others. Based on geography, the European automotive carbon fiber market is further segregated into the UK, Germany, France, Italy, Spain, and Rest of Europe. UK is projected to have a considerable share in the European automotive carbon fiber market.
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European Automotive CarbonFIBER Market Segmentation
By Raw Material
· Polyacrylonitrile (PAN)
· Petroleum Pitch & Rayon
By Fiber Type
· Virgin Carbon Fiber
· Recycled Carbon fiber
By Application
· Interior
· Exterior
· Structural Assembly
· Others (Powertrain Components)
Regional Analysis
· UK
· Germany
· France
· Italy
· Spain
· Rest of Europe
Company Profiles
· DowAksa Advanced Composites Holdings BV
· Formosa Plastics Corp.
· Muhr Und Bender KG
· Polar Manufacturing Ltd.
· Sigmatex Ltd.
· Solvay SA
· SGL Carbon SE
· Toray Industries, Inc.
· Teijin Ltd.
· UMATEX, ROSATOM State Corp.
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