Report Detail
Europe Carbon Fiber Market to 2027 - Regional Analysis and Forecasts By Precursor (PAN based, Pitch); Form (Composite, Non-Composite); End Use Industry (Automotive, Aerospace and Defense, Construction, Sporting Goods, Wind Energy, Others), and Countries
- RnM3865224 |
- 13 January, 2020 |
- Global |
- 146 Pages |
- The Insight Partners |
- Other
The Europe carbon fiber market is accounted to US$ 724.5 Mn in 2018 and is expected to grow at a CAGR of 9.9% during the forecast period 2019 - 2027, to account to US$ 1,669.1 Mn by 2027. The Europe carbon fiber market is segmented on the basis of precursors as - PAN-based and pitch. The PAN-based Europe carbon fiber market is estimated to hold a dominant share in the market. PAN is polymerized from acrylonitrile (AN) by the commonly used, inhibitory azo compounds and peroxides through the polymerization process. Suspension polymerization and solution polymerization are the two major types of this process. To produce PAN with higher molecular weights, the solvent needs to have a low chain transfer coefficient. The most commonly used solvents in this process are sodium thiocyanate, zinc chloride, and dimethyl sulfoxide. On the other hand, the suspension polymerization method is used to achieve PAN with linear polymers and higher molecular weights. The rising demand for carbon fiber in the industrial applications has led to an upsurge to the manufacturing and production of PAN as it is one of the most widely used precursors.
The Europe carbon fiber market is segmented based on form as composites and non-composites. The composites segment accounts for the largest share in the Europe carbon fiber market, while the non-composites segment also contributes a significant share in the market. The carbon fiber reinforced polymers are advanced composite materials that are used in a wide variety of applications, from the sports equipment to the aerospace and automotive sector. Carbon fibers, when bound with plastic polymer resin, produce a composite material that is durable, extremely strong, and lightweight that can be used in various forms, including tubes, tows, and fabrics. The steady decrease in the prices, coupled with the availability of multiple carbon fibers and polymer matrix materials, have helped the carbon fiber polymer composite materials to achieve an essential position in the Europe market. The characteristic properties like corrosion resistance, high stiffness, low thermal induction, and other properties have played a critical role in the expansion of the composite material market in the European market.
The rising demands from automotive and aerospace applications are one of the key drivers for the growth of the Europe carbon fiber market. The automotive manufacturers have been demanding new and innovative high-quality material for producing automotive components. These materials need to have the potential to meet the high-performance need of automotive manufacturers and to meet the needs of the customer and society. Among the various materials, carbon fiber is considered to be one of the most suitable materials for lightweight automobile parts. Moreover, the carbon-fiber-reinforced composites are used as the essential materials for the surrogate body and other parts of an automobile. The implementation of carbon fiber in the automobile industry has enhanced brake, steering, durability, and high fuel efficiency, which has an impact on energy conservation and minimizing carbon dioxide emissions. Leading automotive manufacturers are implementing carbon fiber for manufacturing components.
Europe carbon fiber market is segmented on the basis of the country as - Germany, the UK, France, Hungary, Russia, and the Rest of Europe. France has a major share in the Europe carbon fiber market, which is followed by the Rest of Europe. The French economy is dominated by machinery, aircraft, chemical, and automotive, among others. The production volume is continuously growing, attributing to the demand from the French as well as international customers. Additionally, France is one of the leading countries in Europe, which has significantly developed the aerospace industry. The aerospace industry in this country is influenced by the European Defense, aeronautical, and Space Company. Moreover, several research and development initiatives by the government for the growth in the aerospace industry is further expected to flourish the market for carbon fiber in the country.
Some of the players present in Europe carbon fiber market are DowAksa, Formosa Plastics Corporation, Hexcel Corporation, Hyosung Corporation, Kureha Corporation, Mitsubishi Chemical Corporation, SGL Carbon, Solvay, Teijin Limited, and Toray Industries, Inc.. amongst the others.
The overall Europe carbon fiber market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the Europe carbon fiber market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe carbon fiber market.
TABLE OF CONTENTS
1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 Europe Carbon Fiber Market - By Precursor
- 1.3.2 Europe Carbon Fiber Market - By Form
- 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 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Carbon Fiber Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis - Europe
5. Carbon Fiber Market - Key Industry Dynamics
- 5.1 Market Drivers
- 5.1.1 Rising demands from automotive and aerospace applications
- 5.1.2 Increasing usage of carbon fiber in wind energy industry
- 5.2 Restraints
- 5.2.1 High costs and other disadvantages associated with carbon fibers
- 5.3 Opportunity
- 5.3.1 Increasing usage of carbon fiber in the sporting goods industry
- 5.4 Future Trends
- 5.5 Impact Analysis of Drivers and Restraints
6. Carbon Fiber - Europe Market Analysis
- 6.1 Europe Carbon Fiber Market Overview
- 6.2 Europe Carbon Fiber Market Forecast and Analysis
7. Europe Carbon Fiber Market Analysis - By Precursor
- 7.1 Overview
- 7.2 Europe Carbon Fiber Market Breakdown, By Precursor, 2018 & 2027
- 7.3 Polyacrylonitrile (PAN)
- 7.3.1 Overview
- 7.3.2 Europe PAN Market Revenue Forecasts To 2027 (US$ Mn)
- 7.4 Pitch
- 7.4.1 Overview
- 7.4.2 Europe Pitch Market Revenue Forecasts To 2027 (US$ Mn)
8. Europe Carbon Fiber Market Analysis - By Form
- 8.1 Overview
- 8.2 Europe Carbon Fiber Market Breakdown, By Form, 2018 & 2027
- 8.3 Composites
- 8.3.1 Overview
- 8.3.2 Europe Composites Carbon Fiber Market Revenue Forecasts To 2027 (US$ Mn)
- 8.4 Non-Composites
- 8.4.1 Overview
- 8.4.2 Europe Non-Composites Carbon Fiber Market Revenue Forecasts To 2027 (US$ Mn)
9. Europe Carbon Fiber Market Analysis - By End-use Industry
- 9.1 Overview
- 9.2 Europe Carbon Fiber Market Breakdown, By End-use industry, 2018 & 2027
- 9.3 Automotive
- 9.3.1 Overview
- 9.3.2 Europe Automotive Market Revenue Forecasts To 2027 (US$ Mn)
- 9.4 Aerospace and Defence
- 9.4.1 Overview
- 9.4.2 Europe Aerospace & Defense Market Revenue Forecasts To 2027 (US$ Mn)
- 9.5 Construction
- 9.5.1 Overview
- 9.5.2 Europe Construction Market Revenue Forecasts To 2027 (US$ Mn)
- 9.6 Sporting Goods
- 9.6.1 Overview
- 9.6.2 Europe Sporting Goods Revenue and Forecasts to 2027 (US$ MN)
- 9.7 Wind Energy
- 9.7.1 Overview
- 9.7.2 Europe Wind Energy Revenue and Forecasts to 2027 (US$ MN)
- 9.8 Others
- 9.8.1 Overview
- 9.8.2 Europe Others Revenue and Forecasts to 2027 (US$ MN)
10. Carbon Fiber Market - Country Analysis
- 10.1 Overview
- 10.1.1 Europe Carbon Fiber Market Breakdown, by Key Countries
- 10.1.1.1 Germany Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN)
- 10.1.1.1.1 Germany Carbon Fiber Market Breakdown by Precursor
- 10.1.1.1.2 Germany Carbon Fiber Market Breakdown by Form
- 10.1.1.1.3 Germany Carbon Fiber Market Breakdown by End-Use industry
- 10.1.1.2 UK Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN)
- 10.1.1.2.1 UK Carbon Fiber Market Breakdown by Precursor
- 10.1.1.2.2 UK Carbon Fiber Market Breakdown by Form
- 10.1.1.2.3 UK Carbon Fiber Market Breakdown by End-use industry
- 10.1.1.3 France Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN)
- 10.1.1.3.1 France Carbon Fiber Market Breakdown by Precursor
- 10.1.1.3.2 France Carbon Fiber Market Breakdown by Form
- 10.1.1.3.3 France Carbon Fiber Market Breakdown by End-use industry
- 10.1.1.4 Hungary Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN)
- 10.1.1.4.1 Hungary Carbon Fiber Market Breakdown by Precursor
- 10.1.1.4.2 Hungary Carbon Fiber Market Breakdown by Form
- 10.1.1.4.3 Hungary Carbon Fiber Market Breakdown by End-use industry
- 10.1.1.5 Russia Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN)
- 10.1.1.5.1 Russia Carbon Fiber Market Breakdown by Precursor
- 10.1.1.5.2 Russia Carbon Fiber Market Breakdown by Form
- 10.1.1.5.3 Russia Carbon Fiber Market Breakdown by End-use industry
- 10.1.1.6 Rest of Europe Carbon Fiber Market Revenue Forecasts to 2027 (US$ MN)
- 10.1.1.6.1 Rest of Europe Carbon Fiber Market Breakdown by Precursor
- 10.1.1.6.2 Rest of Europe Carbon Fiber Market Breakdown by Form
- 10.1.1.6.3 Rest of Europe Carbon Fiber Market Breakdown by End-use industry
11. Industry Landscape
- 11.1 Overview
- 11.2 Merger & Acquisition
- 11.3 Product News
- 11.4 Market Initiatives
12. Company Profiles
- 12.1 DowAksa
- 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 Formosa Plastics Corporation
- 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
- 12.3 Hexcel Corporation
- 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 Hyosung Corporation
- 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 Kureha Corporation
- 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
- 12.6 Mitsubishi Chemical Corporation
- 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 SGL Carbon
- 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 Solvay
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Financial Overview
- 12.8.4 SWOT Analysis
- 12.8.5 Key Developments
- 12.9 Teijin Limited
- 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 Toray Industries, Inc.
- 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
- 10.1.1 Europe Carbon Fiber Market Breakdown, by Key Countries
Summary:
Get latest Market Research Reports on Europe Carbon Fiber . Industry analysis & Market Report on Europe Carbon Fiber is a syndicated market report, published as Europe Carbon Fiber Market to 2027 - Regional Analysis and Forecasts By Precursor (PAN based, Pitch); Form (Composite, Non-Composite); End Use Industry (Automotive, Aerospace and Defense, Construction, Sporting Goods, Wind Energy, Others), and Countries. It is complete Research Study and Industry Analysis of Europe Carbon Fiber market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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