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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The companies which are contributing to the growth of the Germany automotive carbon fiber market include Muhr Und Bender KG Teijin Ltd., SGL Carbon SE, Solvay SA, Toray Industries, Inc., 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.

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.
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