France carbon fiber market is estimated to grow significantly at a CAGR of around 8.0% during the forecast period. The country has a well-developed aviation industry contributing to market growth. Safran SA is one of the major aerospace companies headquartered in the country. It works in aircraft propulsion & equipment, and space and defense business. In 2017, the company has spent around $1.5 billion in R&D programs. Moreover, in 2018, it also acquired Zodiac Aerospace to expand its aircraft equipment manufacturing activities. Moreover, the country also has a well-developed automotive market. Groupe PSA, Groupe Renault, and Citroën are some of the major automotive manufacturers in the country. Moreover, government support for the adoption of electric vehicles and the development of its infrastructure is driving the EV industry that further provides a significant opportunity for the market in the country.
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France carbon fiber market is segmented on the basis of raw material, fiber type, and industry vertical. On the basis of raw material, the market is sub-segmented into PAN and petroleum pitch & rayon. Based on the fiber type, the market is classified into virgin carbon fiber and recycled carbon fiber. Based on the industry verticals, the market is classified into aerospace & defense, automotive, construction infrastructure, and others such as sporting goods. Among these, the aerospace & defense industry segment accounted for a major share in the market attributed to the increased production by the major aerospace and defense manufacturers.
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France Carbon Fiber Market Segmentation
By Raw Material
- Polyacrylonitrile (PAN)
- Petroleum Pitch & Rayon
By Fiber Type
- Virgin Carbon Fiber
- Recycled Carbon Fiber
By Industry Verticals
- Aerospace & Defense
- Automotive
- Construction Infrastructure
- Others (Sporting Goods)
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