European ceramic matrix composites (CMCs) market is expected to grow at a CAGR of 9.2% during the forecast period. CMC finds various applications in automotive, aviation, defense, and gas turbine owing to high operating temperature and lightweight properties. UK, Germany, Spain, Italy, France, and the Netherlands are the major countries contributing to market growth as these countries are among the leading aerospace and automobile manufacturers across the globe. Some of the major companies operating in the region includes Rolls-Royce Holdings PLC (UK), Safran Group (France), SGL Carbon SE (Germany), SST Technology (UK). 

The major aviation companies that operate in the region include Airbus, Dassault Aviation and among others. The major automobile companies with headquarters in Europe, such as Volkswagen, Daimler, BMW, Robert Bosch, Peugeot, Renault, Volvo, Continental and so on. This, in turn, contributes to the adoption of advanced materials, including carbon fibers to boost the fuel economy of modern automobiles while maintaining safety and performance. As a result, Lamborghini, BMW, Mercedes-Benz, and other automakers have been focusing on the increasing use of carbon fiber in their vehicles for weight reduction. Therefore, due to the stringent environmental concerns, the demand for such CMC materials in automotive applications is estimated to grow significantly, which in turn, will drive the growth of the market.

The players operating in the market include SGL Carbon SE, 3M Co., Safran Group, SST Technology, and Rolls Royce Holdings plc. These players are focusing on product launches, mergers and acquisitions, and partnerships and collaborations, to expand market share and gain a competitive advantage over their competitors. For instance, in September 2019, SGL Carbon SE launched innovative fiber composite solutions for mobility and industrial applications at the China Composites Expo 2019 in Shanghai. In addition, the company also represented product portfolio SIGRAFIL carbon fibers and textile semi-finished products to REFRASIL silica-based materials in order to expand its business in various geographies. 

Research Methodology

The market study of the European CMC 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. Our 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 our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our 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 provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. European CMC Market Research and Analysis, By Product Type
2. European CMC Market Research and Analysis, By End-Use Industry

The Report covers:

• Comprehensive research methodology of the European CMC market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• 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 CMC market.
• Insights about market determinants which are stimulating the European CMC market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.