Europe Carbon Fiber Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
The carbon fiber market in Europe is estimated to witness significant growth, at an estimated CAGR of over 12%, during the forecast period.
The COVID-19 pandemic significantly impacted the worldwide automobile and aerospace industries, considering a temporary halt in end-user operations owing to government-imposed lockdowns in many parts of the world. In the post-pandemic scenario, however, the industry recovered and is anticipated to grow significantly over the next few years.
Key HighlightsThe carbon fiber market in Europe is highly consolidated. The major companies include (not in particular order) Mitsubishi Chemical Carbon Fiber and Composites Inc., SGL Carbon, Solvay, TEIJIN LIMITED, and TORAY INDUSTRIES, INC., among others.
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