Germany automotive carbon fiber market is estimated to grow significantly during the forecast period. Growth in the EV industry is supporting the growth of the carbon fiber market in the country. As per the Federal Motor Transport Authority (KBA), around 63,300 electric cars were sold in Germany in 2019, as compared to 36,000 in 2018. Due to this, the share of the EV has increased from 1.05% in 2018 to 1.75% in the country in 2019. The high purchasing power, government incentive, and the presence of major market players are among the major factor for the growth of the electric vehicle industry. Automotive is one of the major end-user for the carbon fiber and due to this, Germany holds a significant share in the industry during the forecast period
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Germany automotive 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 automotive industry. Based on the fiber type, the market is classified into virgin automotive carbon fiber and recycled automotive carbon fiber. Based on the application, the market is classified into the interior, exterior, structural assembly, and others. The exterior segment is projected to hold a significant share in the market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Germany Automotive Carbon Fiber Market by Raw Material
- Polyacrylonitrile (PAN)
- Petroleum Pitch & Rayon
Germany Automotive Carbon Fiber Market by Fiber Type
- Virgin Carbon Fiber
- Recycled Carbon fiber
Germany Automotive Carbon Fiber Market by Application
- Interior
- Exterior
- Structural Assembly
- Others (Powertrain Components)
Company Profiles
- DowAksa Advanced Composites Holdings BV
- Formosa Plastics Corp.excel Corp.
- Muhr Und Bender KG
- Polar Manufacturing Ltd.
- Sigmatex Ltd.
- Solvay SA
- SGL Carbon SE
- Toray Industries, Inc.
- Teijin Ltd.
- UMATEX, ROSATOM State Corp.
The Report Covers
- Comprehensive research methodology of the Germany automotive 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 Germany automotive carbon fiber market.
- Insights about market determinants are stimulating the Germany automotive carbon fiber market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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