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Europe Carbon Fiber Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Raw Material and End Use Industry

  • ID: 4987755
  • Report
  • May 2021
  • Region: Europe
  • The Insight Partners
UP TO OFF until Jun 30th 2022

FEATURED COMPANIES

  • DowAksa
  • Hexcel Corporation
  • Hyosung Corporation
  • Kureha Corporation
  • SGL Carbon
  • Solvay
The Europe carbon fiber market is expected to grow from US$ 721.82 million in 2019 to US$ 1,504.51 million by 2027; it is estimated to grow at a CAGR of 9.8% from 2020 to 2027. The escalating usage of carbon fiber in the wind energy industry is bolstering the growth of the market in Europe. Growing demand for renewable resources has led to a surge in the installation for wind farms, with large tracts of land and coastal areas devoted to the operation of wind turbines. The wind turbine manufacturers strive to produce more efficient and longer blades. Advanced composite materials such as carbon fiber are becoming a major part of the construction of wind turbines, specifically the blades. According to the studies conducted by companies operating in the market, longer the blades on a turbine, more is the energy it generates. Carbon fibers plays a crucial role in the wind energy industry. Large blades are typically designed for stiffness and deflection, rather than taking material strength into consideration. Carbon fibers, if used in the turbines, enable high stiffness characteristic that reduces blade deflection, allowing a larger tower diameter for a given blade-to-tower clearance. Carbon fibers are added in the spar cap, which is the backbone of the blade. These fibers are also considered as an effective alternative to the glass fibers used in the wind turbines, as they make the blades thinner, stiffer, and lighter. Furthermore, they have relatively low damage tolerance, compressive strength, and ultimate strain. Thus, carbon fiber has come up as an impactful technology for turbine manufacturers such as Vestas Wind Systems A/S and Gamesa Technology Corp. These companies use carbon fiber in select structural parts of the blades. Lighter blades require less robust turbine and tower components, and hence, the cascading cost savings justify the additional cost of carbon. The rising demands from the automotive and aerospace applications are among the other factors expected to positively influence the demand for carbon fiber in Europe during the forecast period.





In Europe, currently the UK and Russia are the hardest-hit countries due to the COVID-19 outbreak pandemic. It is suffering an economic hit due to the lack of revenues generated from various industries, as the country recorded the highest number of COVID-19 confirmed cases followed by France, Spain, Italy, and Germany. Many member states have implemented drastic measures and travel restrictions, including partially closing their borders. These measures are impacting the growth of the Europe carbon fiber market.

The Europe carbon fiber market is segmented on the basis of raw material, end use industry, and country. Based on raw material, the market is bifurcated into PAN and Pitch. In 2019, the PAN segment held a larger market share. Based on end user industry, the Europe carbon fiber market is segmented into automotive, aerospace and defense, construction, sporting goods, wind energy, and others. The market for the aerospace and defense segment is expected to grow fastest during the forecast period.

The overall Europe carbon fiber market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Europe carbon fiber market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Europe carbon fiber market. DowAksa; Formosa Plastic Corporation; Hexcel Corporation; Hyosung Corporation; Kureha Corporation; Mitsubishi Chemical Corporation; SGL Carbon; Solvay; Teijin Limited; and Toray Industries, Inc are among the leading companies operating in the market

Reasons to Buy

  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe carbon fiber market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Frequently Asked Questions about the European Carbon Fiber Market

What is the estimated value of the European Carbon Fiber Market?

The European Carbon Fiber Market was estimated to be valued at $721.8 Million in 2019.

What is the growth rate of the European Carbon Fiber Market?

The growth rate of the European Carbon Fiber Market is 9.8%, with an estimated value of $1504.5 Million by 2027.

What is the forecasted size of the European Carbon Fiber Market?

The European Carbon Fiber Market is estimated to be worth $1504.5 Million by 2027.

Who are the key companies in the European Carbon Fiber Market?

Key companies in the European Carbon Fiber Market include DowAksa, Formosa Plastic Corporation, Hexcel Corporation, Hyosung Corporation, Kureha Corporation, Mitsubishi Chemical Corporation, SGL Carbon, Solvay and Toray Industries,Inc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • DowAksa
  • Hexcel Corporation
  • Hyosung Corporation
  • Kureha Corporation
  • SGL Carbon
  • Solvay

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Carbon Fiber Market, by Raw Material
1.3.2 Europe Carbon Fiber Market, by End Use Industry
1.3.3 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
4.2.1 PEST Analysis: Europe Carbon Fiber Market
4.3 Expert Opinions
5. Europe Carbon Fiber Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Surge in demands from automotive and aerospace applications
5.1.2 Escalating usage of carbon fiber in wind energy industry
5.2 Key Market Restraints
5.2.1 Increase in costs and other disadvantages associated with carbon fibers
5.3 Key Market Opportunities
5.3.1 Escalating usage of carbon fiber in the sporting goods industry
5.4 Key Future Trends
5.4.1 Rise in use of carbon in 3D printing
5.5 Impact Analysis
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 Raw Material
7.1 Overview
7.2 Europe Carbon Fiber Market Breakdown, By Raw Material, 2019 & 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 End-Use Industry
8.1 Overview
8.2 Europe Carbon Fiber Market Breakdown, By End-Use Industry, 2019 & 2027
8.3 Automotive
8.3.1 Overview
8.3.2 Europe Automotive Market Revenue and Forecasts to 2027 (US$ MN)
8.4 Aerospace and Defense
8.4.1 Overview
8.4.2 Europe Aerospace and Defense Revenue And Forecasts to 2027 (US$ MN)
8.5 Construction
8.5.1 Overview
8.5.2 Europe Construction Revenue and Forecasts to 2027 (US$ MN)
8.6 Sporting Goods
8.6.1 Overview
8.6.2 Europe Sporting Goods Revenue and Forecasts to 2027 (US$ MN)
8.7 Wind Energy
8.7.1 Overview
8.7.2 Europe Wind Energy Revenue and Forecasts to 2027 (US$ MN)
8.8 Others
8.8.1 Overview
8.8.2 Europe Others Revenue and Forecasts to 2027 (US$ MN)
9. Country Analysis Of Europe Carbon Fiber Market
9.1 European Carbon Fiber Market Revenue And Forecasts To 2027
9.1.1 Europe Carbon Fiber Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.2 Europe Carbon Fiber Market Breakdown by Raw Material
9.1.3 Europe Carbon Fiber Market Breakdown by End Use Industry
9.1.4 European Carbon Fiber Market Breakdown, by Country
9.1.4.1 Germany Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)
9.1.4.1.1 Germany Carbon Fiber Market Breakdown by Raw Material
9.1.4.1.2 Germany Carbon Fiber Market Breakdown by End Use Industry
9.1.4.2 UK Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)
9.1.4.2.1 UK Carbon Fiber Market Breakdown by Raw Material
9.1.4.2.2 UK Carbon Fiber Market Breakdown by End Use Industry
9.1.4.3 France Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)
9.1.4.3.1 France Carbon Fiber Market Breakdown by Raw Material
9.1.4.3.2 France Carbon Fiber Market Breakdown by End Use Industry
9.1.4.4 Hungary Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)
9.1.4.4.1 Hungary Carbon Fiber Market Breakdown by Raw Material
9.1.4.4.2 Hungary Carbon Fiber Market Breakdown by End Use Industry
9.1.4.5 Russia Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)
9.1.4.5.1 Russia Carbon Fiber Market Breakdown by Raw Material
9.1.4.5.2 Russia Carbon Fiber Market Breakdown by End Use Industry
9.1.4.6 Rest Of Europe Carbon Fiber Market Revenue and Forecasts to 2027 (US$ MN)
9.1.4.6.1 Rest of Europe Carbon Fiber Market Breakdown by Raw Material
9.1.4.6.2 Rest of Europe Carbon Fiber Market Breakdown by End Use Industry
10. Overview - Impact of COVID-19
10.1 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Merger & Acquisition
11.2 Product news
11.3 Investment Scenario
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 Key Developments
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 Publisher
13.2 Glossary
List of Tables
Table 1. Europe Carbon fiber Market Revenue And Forecasts To 2027 (US$ Mn)
Table 2. Europe Carbon Fiber Market Revenue And Forecasts To 2027 - By Raw Material (US$ Mn)
Table 3. Europe Carbon Fiber Market Revenue And Forecasts To 2027 - By End Use Industry (US$ Mn)
Table 4. Germany Carbon Fiber Market Revenue And Forecasts To 2027 - By Raw Material (US$ Mn)
Table 5. Germany Carbon Fiber Market Revenue And Forecasts To 2027 - By End Use Industry (US$ Mn)
Table 6. UK Carbon Fiber Market Revenue And Forecasts To 2027 - By Raw Material (US$ Mn)
Table 7. UK Carbon Fiber Market Revenue And Forecasts To 2027 - By End Use Industry (US$ Mn)
Table 8. France Carbon Fiber Market Revenue And Forecasts To 2027 - By Raw Material (US$ Mn)
Table 9. France Carbon Fiber Market Revenue And Forecasts To 2027 - By End Use Industry (US$ Mn)
Table 10. Hungary Carbon Fiber Market Revenue And Forecasts To 2027 - By Raw Material (US$ Mn)
Table 11. Hungary Carbon Fiber Market Revenue And Forecasts To 2027 - By End Use Industry (US$ Mn)
Table 12. Russia Carbon Fiber Market Revenue And Forecasts To 2027 - By Raw Material (US$ Mn)
Table 13. Russia Carbon Fiber Market Revenue And Forecasts To 2027 - By End Use Industry (US$ Mn)
Table 14. Rest of Europe Carbon Fiber Market Revenue And Forecasts To 2027 - By Raw Material (US$ Mn)
Table 15. Rest of Europe Carbon Fiber Market Revenue And Forecasts To 2027 - By End Use Industry (US$ Mn)
Table 16. Glossary of terms, Carbon Fiber Market
List of Figures
Figure 1. Europe Carbon Fiber Market Segmentation
Figure 2. Europe Carbon Fiber Market Segmentation - By Country
Figure 3. Europe Carbon Fiber Market Overview
Figure 4. Polyacrylonitrile Held Larger Share of Europe Carbon fiber Market in 2019
Figure 5. Europe Carbon Fiber Market, by Country, Value and CAGR
Figure 6. Carbon Fiber Industry Landscape
Figure 7. PEST Analysis for Europe Carbon Fiber Market
Figure 8. Impact Analysis of Drivers and Restraints
Figure 9. Carbon Fiber Market Forecast And Analysis, (US$ Mn)
Figure 10. Europe Carbon Fiber Market Breakdown By Raw Material, Value, 2019 & 2027 (%)
Figure 11. Europe PAN Market Revenue Forecasts To 2027 (US$ Mn)
Figure 12. Europe Pitch Market Revenue Forecasts To 2027 (US$ Mn)
Figure 13. Europe Carbon Fiber Market Breakdown By End-Use Industry, By Value, 2019 & 2027 (%)
Figure 14. Europe Automotive Market Revenue and Forecasts to 2027 (US$ MN)
Figure 15. Europe Aerospace and Defense Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 16. Europe Construction Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 17. Europe Sporting Goods Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 18. Europe Wind Energy Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 19. Europe Others Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 20. European: Carbon Fiber Market by Key Country - Revenue (2019) (USD Million)
Figure 21. European Carbon Fiber Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 22. Europe Carbon Fiber Market Breakdown, By Raw Material , 2019 & 2027 (%)
Figure 23. Europe Carbon Fiber Market Breakdown by End Use Industry, 2019 & 2027 (%)
Figure 24. European Carbon Fiber Market Breakdown by Country, 2019 & 2027(%)
Figure 25. Germany Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)
Figure 26. UK Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)
Figure 27. France Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)
Figure 28. Hungary Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)
Figure 29. Russia Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)
Figure 30. Rest Of Europe Carbon Fiber Market Revenue And Forecasts To 2027 (US$ MN)
Figure 31. Impact of COVID-19 Pandemic in Europe Country Markets
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • DowAksa
  • Formosa Plastic Corporation
  • Hexcel Corporation
  • Hyosung Corporation
  • Kureha Corporation
  • Mitsubishi Chemical Corporation
  • SGL Carbon
  • Solvay
  • Teijin Limited
  • Toray Industries,Inc
Note: Product cover images may vary from those shown