European Aerospace Carbon Fiber Market 2020-2026

European Aerospace Carbon Fiber Market Size, Share & Trends Analysis Report by Raw Material (Polyacrylonitrile (PAN) and Petroleum Pitch & Rayon), By Fiber Type (Virgin Carbon Fiber and Recycled Carbon Fiber), By Application (Commercial Aviation, Military Aviation, and Rotorcrafts), Forecast 2020-2026.

European aerospace carbon fiber market is estimated to grow significantly at a CAGR of around 8.1% during the forecast period. The factors that contribute to the growth of the market include significant growth in the aviation industry coupled with the growing demand for the lightweight vehicle in the aviation industry. As per the Aerospace and Defense Industries Association of Europe, the European aerospace and defense industry turnover was around280 billion in 2018. More than half of the share (51.5%) goes to civil aeronautics which is around145 billion, followed by military aeronautical to 18.3% (around52 billion). Therefore, the growing aviation industry further contributes to the demand for carbon fiber that uses in aircraft manufacturing.

The European aerospace 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 aerospace industry. Based on the fiber type, the market is segmented into virgin aerospace carbon fiber and recycled aerospace carbon fiber. Based on the application, the market is classified into commercial aviation, military aviation, and rotorcrafts.

Some of the companies contributing to the growth of the European aerospace carbon fiber market include ELG Carbon Fiber Ltd., SGL Carbon SE, Toray Industries, Inc., Solvay SA, Muhr Und Bender KG, Polar Manufacturing Ltd., 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.

Research Methodology:

The market study of the European aerospace carbon fiber market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for aerospace carbon fiber market players, aerospace industry, contract manufacturers, raw material suppliers, distributors & traders, industry associates & experts, government organizations, regulatory bodies, and other market participants for the overall market and competitive analysis. The report provides an in-depth analysis on market size, products offered by the companies, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation:

1. European Aerospace Carbon Fiber Market Research and Analysis by Raw Material
2. European Aerospace Carbon Fiber Market Research and Analysis by Fiber Type
3. European Aerospace Carbon fiber Market Research and Analysis by Application

The Report Covers:

• Comprehensive research methodology of the European aerospace carbon fiber market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European aerospace carbon fiber market.
• Insights about market determinants which are stimulating the European aerospace carbon fiber market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.