Germany carbon fiber market is estimated to grow significantly at a CAGR of around 8.6% during the forecast period. According to Germany Trade and Invest, all the premium branded vehicles manufactured globally, 70% are German OEM manufactured. Moreover, within Europe, more than 80% are German badged vehicles among which more than 70% are being manufactured in Germany. The major brands which are German-based include Audi, BMW, Ford, Iveco, MAN, Mercedes, Opel, Porsche, and Volkswagen. Along with OEM, the country has a well-renowned supplier base that supplies its products all across the globe. Some of the major suppliers include Bosch, Continental, ZF TRW, BASF SE, Mahle GmbH, Thyssen Krupp. Automotive is one of the major segments for the carbon fiber market and due to this, Germany is expected to hold a significant growth in the industry during the forecast period.
A full report of Germany Carbon Fiber Market is available at: https://www.omrglobal.com/industry-reports/germany-carbon-fiber-market
Germany 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 are 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.
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/germany-carbon-fiber-market
The companies which are contributing to the growth of the Germany carbon fiber market include DowAksa Advanced Composites Holdings BV, ELG Carbon Fibre Ltd., Muhr Und Bender KG, Solvay SA, SGL Carbon SE, and others. The market players are considerably contributing to the market growth by adopting various strategies including new product launch, merger, and acquisition, collaborations to stay competitive in the market.
Germany 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)
This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.
