The Europe advanced composites market is expected to grow from US$ 15,999.44 million in 2022 to US$ 28,306.07 million by 2028. It is estimated to grow at a CAGR of 10.0% from 2022 to 2028.
Rising Demand for Lightweight Materials in Aerospace & Defense Industry Drives Europe Advanced Composites Market Growth
Advanced composites play a vital role in ensuring the safety and efficiency of modern aircraft. The increasing emphasis on lightweight materials for manufacturing aviation components has substantially boosted the demand for advanced composites. Aircraft manufacturers are now developing large thermoplastic structures for commercial and business jets, being early adopters of long fiber-reinforced thermoplastics.
Compared to traditional materials like steel, brass, iron, and alloys, composites and polymers offer significant weight advantages. This reduction in weight contributes directly to improved fuel efficiency and lower operational costs. In addition, ongoing initiatives across the aerospace industry aim to create lightweight materials that support the development of hybrid and electric aircraft. As a result, the increasing focus on weight reduction in the aerospace and defense sectors is a key factor driving the growth of the Europe advanced composites market.
Europe Advanced Composites Market Overview
The Europe advanced composites market is witnessing strong growth, fueled by several key industry trends, including the expansion of wind energy installations, automotive manufacturing, and construction activities. The rising focus on sustainable and renewable energy sources has led to a surge in onshore and offshore wind turbine installations in countries like Sweden, Finland, Germany, and France. According to WindEurope VZW/ASBL, Europe added 19.1 GW of new wind energy capacity in 2022, including 16.7 GW from onshore and 2.5 GW from offshore projects. Advanced composites are preferred for wind turbine components due to their non-conductive nature, lightweight, and durability, making installation easier and enhancing overall turbine performance. These materials also offer high resistance to corrosion, heat, flame, and extreme weather.
In addition to renewable energy, Europe's automotive sector significantly contributes to the demand for advanced composites. The industry is a vital economic pillar, with a 2021 European Commission report stating that automotive manufacturing accounts for 7% of the region's GDP. Leading automotive manufacturers such as Volkswagen AG, Stellantis NV, Mercedes-Benz Group AG, Bayerische Motoren Werke AG, and Renault SA are increasingly incorporating composite materials into their vehicle designs. According to the US Commercial Service, companies like Bayerische Motoren Werke AG and Automobili Lamborghini SpA are producing cars where composites make up approximately 6–8% of the vehicle's total weight.
Overall, the growing adoption of advanced composites across aerospace, automotive, renewable energy, and construction industries is expected to continue driving the market forward in Europe in the coming years.
Europe Advanced Composites Market Segmentation
The Europe advanced composites market is segmented by fiber type, matrix type, end-use industry, and country.
Europe advanced composites market By Fiber Type
The market is divided into:
- Carbon fiber composites (dominant segment in 2022)
- Aramid fiber composites
- Glass fiber composites
- Others
Europe advanced composites market By Matrix Type
Segmentation includes:
- Epoxy resin (leading segment in 2022)
- Phenolics
- Polyester resin
- Polyurethane resin
- Polyphenylene sulfide (PPS)
- Polyetherimide (PEI)
- Others
Europe advanced composites market By End-Use Industry
Key sectors are:
- Aerospace & defense (largest market share in 2022)
- Automotive
- Wind energy
- Building & construction
- Electrical & electronics
- Others
Europe advanced composites market By Country
The market is analyzed across:
- Germany (dominant in 2022)
- UK
- France
- Italy
- Russia
- Rest of Europe
Europe advanced composites market Key Players
Leading companies operating in the Europe advanced composites market include:
- Avient Corp
- Ensinger GmbH
- Johns Manville Corp
- Mitsubishi Chemical Corp
- Owens Corning
- SGL Carbon SE
- Solvay SA
- Tecnaro GmbH
- Teijin Ltd
- Toray Industries Inc
This structured segmentation provides a clear overview of the market dynamics, key segments, and major players shaping the Europe advanced composites industry.
Europe advanced composites market Strategic Insights
Strategic insights for the Europe Advanced Composites provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Europe advanced composites market Regional Insights
The geographic scope of the Europe Advanced Composites refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Author's Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
