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PUBLISHER: Grand View Research | PRODUCT CODE: 1404621
PUBLISHER: Grand View Research | PRODUCT CODE: 1404621
Europe Composites Market Size, Share & Trends Analysis Report By Manufacturing Process, By Product (Carbon Fiber, Glass Fiber), By Application (Automotive & Transportation, Electrical & Electronics), By Region, And Segment Forecasts, 2023 - 2030
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Europe Composites Market Growth & Trends:
The Europe composites market size is expected to reach USD 35.59 billion by 2030, registering a CAGR of 6.3% during the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for lightweight materials in the automotive industry is expected to drive product demand across the region. The growth of the aerospace and defense industry in Europe has triggered the demand for composites over the past few years and this trend is expected to continue over the forecast period. The presence of aerospace giants such as Airbus, Dassault Aviation, and Ariane Group in the region has propelled product demand.
Rising fuel prices has generated the need for fuel-efficient vehicles. Stringent regulations and growing environmental concerns regarding pollution control have forced automotive manufacturers to enhance their technologies and develop vehicles resulting in reduced levels of pollution. One of the most important factors affecting fuel efficiency and vehicular pollution is the overall weight of the vehicle. Favorable properties of composites, including higher strength to weight ratio, have led to their widespread use in the automotive industry as a replacement for aluminum and steel, which is anticipated to boost the market over the forecast period. Stringent environment regulations, especially in Europe, are forcing OEMs to significantly reduce CO2 emissions from vehicles. They have also compelled automotive manufacturers to include composites in the production process, which is expected to propel product demand in the coming years.
Glass fiber was the largest product segment in the Europe market in 2022, with a revenue share of 55.6%. The growth of automotive and wind energy industries in Germany is expected to drive the regional market. Carbon fiber is likely to register a CAGR of 8.6% in terms of volume from 2023 to 2030 owing to its ascending requirement in the construction industry.
Europe Composites Market Report Highlights:
- The Europe composites market was worth USD 19.35 billion in 2022 and is projected to expand at a CAGR of 6.3% over the forecast period
- Wind energy is projected to emerge as the fastest-growing application segment in Europe over the forecast period
- In 2022, The Germany accounted for the largest revenue share of 32.8%, driven by rising demand from the aerospace and automotive industries.
Product Code: GVR-2-68038-994-4
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Manufacturing process
- 1.1.2. Product
- 1.1.3. Application
- 1.1.4. Regional scope
- 1.1.5. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Manufacturing process outlook
- 2.2.2. Product outlook
- 2.2.3. Application outlook
- 2.2.4. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Europe Composites Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market driver analysis
- 3.5.2. Market restraint analysis
- 3.5.3. Industry opportunities & challenges
- 3.6. Europe Composites Market Analysis Tools
- 3.6.1. Industry analysis - Porter's
- 3.6.1.1. Supplier power
- 3.6.1.2. Buyer power
- 3.6.1.3. Substitution threat
- 3.6.1.4. Threat of new entrant
- 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL Analysis
- 3.6.2.1. Political landscape
- 3.6.2.2. Technological landscape
- 3.6.2.3. Economic landscape
- 3.6.2.4. Social landscape
- 3.6.2.5. Environmental landscape
- 3.6.2.6. Legal landscape
- 3.6.1. Industry analysis - Porter's
Chapter 4. Supplier Portfolio Analysis
- 4.1. List of Suppliers
- 4.2. Kraljic Matrix
- 4.3. Sourcing Best Practices
- 4.4. Negotiation Strategies
Chapter 5. Europe Composites Market : Manufacturing Process Estimates & Trend Analysis
- 5.1. Europe Composites Market: Key Takeaways
- 5.2. Europe Composites Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Layup
- 5.3.1. Layup market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 5.4. Filament
- 5.4.1. Filament market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 5.5. Injection Molding
- 5.5.1. Injection molding market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 5.6. Pultrusion
- 5.6.1. Pultrusion market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 5.7. Compression Molding
- 5.7.1. Compression molding market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 5.8. RTM
- 5.8.1. RTM market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 5.9. Others
- 5.9.1. Others market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
Chapter 6. Europe Composites Market : Product Estimates & Trend Analysis
- 6.1. Europe Composites Market: Key Takeaways
- 6.2. Europe Composites Market: Movement & Market Share Analysis, 2022 & 2030
- 6.3. Carbon Fiber
- 6.3.1. Carbon fiber market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 6.4. Glass Fiber
- 6.4.1. Glass fiber market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 6.5. Others
- 6.5.1. Others market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
Chapter 7. Europe Composites Market : Application Estimates & Trend Analysis
- 7.1. Europe Composites Market: Key Takeaways
- 7.2. Europe Composites Market: Movement & Market Share Analysis, 2022 & 2030
- 7.3. Automotive & Transportation
- 7.3.1. Automotive & transportation market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 7.4. Electrical & Electronics
- 7.4.1. Electrical & electronics market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 7.5. Wind Energy
- 7.5.1. Wind energy market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 7.6. Construction & Infrastructure
- 7.6.1. Construction & infrastructure market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 7.7. Pipes & Tanks
- 7.7.1. Pipes & tanks market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 7.8. Marine
- 7.8.1. Marine market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
- 7.9. Others
- 7.9.1. Others market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
Chapter 8. Europe Composites Market: Regional Estimates & Trend Analysis
- 8.1. Regional Outlook
- 8.2. Europe Composites Market by Region: Key Takeaway
- 8.3. Europe
- 8.3.1. UK
- 8.3.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 8.3.2. Germany
- 8.3.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 8.3.3. France
- 8.3.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 8.3.4. Italy
- 8.3.4.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 8.3.5. Spain
- 8.3.5.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 8.3.1. UK
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Market Participant Categorization
- 9.2.1. Teijin Limited
- 9.2.1.1. Company overview
- 9.2.1.2. Financial performance
- 9.2.1.3. Product benchmarking
- 9.2.1.4. Strategic initiatives
- 9.2.2. Toray Industries, Inc.
- 9.2.2.1. Company overview
- 9.2.2.2. Financial performance
- 9.2.2.3. Product benchmarking
- 9.2.2.4. Strategic initiatives
- 9.2.3. Owens Corning
- 9.2.3.1. Company overview
- 9.2.3.2. Financial performance
- 9.2.3.3. Product benchmarking
- 9.2.3.4. Strategic initiatives
- 9.2.4. Nippon Electric Glass Co., Ltd.
- 9.2.4.1. Company overview
- 9.2.4.2. Financial performance
- 9.2.4.3. Product benchmarking
- 9.2.4.4. Strategic initiatives
- 9.2.5. Huntsman International LLC, SGL
- 9.2.5.1. Company overview
- 9.2.5.2. Financial performance
- 9.2.5.3. Product benchmarking
- 9.2.5.4. Strategic initiatives
- 9.2.6. Hexcel Corporation
- 9.2.6.1. Company overview
- 9.2.6.2. Financial performance
- 9.2.6.3. Product benchmarking
- 9.2.6.4. Strategic initiatives
- 9.2.7. DowDuPont Inc
- 9.2.7.1. Company overview
- 9.2.7.2. Financial performance
- 9.2.7.3. Product benchmarking
- 9.2.7.4. Strategic initiatives
- 9.2.8. Compagnie de Saint-Gobain S.A
- 9.2.8.1. Company overview
- 9.2.8.2. Financial performance
- 9.2.8.3. Product benchmarking
- 9.2.8.4. Strategic initiatives
- 9.2.9. Weyerhaeuser Company
- 9.2.9.1. Company overview
- 9.2.9.2. Financial performance
- 9.2.9.3. Product benchmarking
- 9.2.9.4. Strategic initiatives
- 9.2.10. Momentive Performance Materials, Inc.
- 9.2.10.1. Company overview
- 9.2.10.2. Financial performance
- 9.2.10.3. Product benchmarking
- 9.2.10.4. Strategic initiatives
- 9.2.11. Solvay
- 9.2.11.1. Company overview
- 9.2.11.2. Financial performance
- 9.2.11.3. Product benchmarking
- 9.2.11.4. Strategic initiatives
- 9.2.12. China Jushi Co., Ltd.
- 9.2.12.1. Company overview
- 9.2.12.2. Financial performance
- 9.2.12.3. Product benchmarking
- 9.2.12.4. Strategic initiatives
- 9.2.1. Teijin Limited
Product Code: GVR-2-68038-994-4
List of Tables
- Table 1 List Of Abbreviation
- Table 2 Europe Composites Market, by Manufacturing Process, 2018 - 2030 (Kilo Tons, USD Million)
- Table 3 Europe Composites Market, by Product, 2018 - 2030 (Kilo Tons, USD Million)
- Table 4 Europe Composites Market, by Application, 2018 - 2030 (Kilo Tons, USD Million)
- Table 5 Europe Composites Market, by Region, 2018 - 2030 (Kilo Tons, USD Million)
- Table 6 Germany Composites Market, by Manufacturing Process, 2018 - 2030 (Kilo Tons, USD Million)
- Table 7 Germany Composites Market, by Product, 2018 - 2030 (Kilo Tons, USD Million)
- Table 8 Germany Composites Market, by Application, 2018 - 2030 (Kilo Tons, USD Million)
- Table 9 UK Composites Market, by Manufacturing Process, 2018 - 2030 (Kilo Tons, USD Million)
- Table 10 UK Composites Market, by Product, 2018 - 2030 (Kilo Tons, USD Million)
- Table 11 UK Composites Market, by Application, 2018 - 2030 (Kilo Tons, USD Million)
- Table 12 France Composites Market, by Manufacturing Process, 2018 - 2030 (Kilo Tons, USD Million)
- Table 13 France Composites Market, by Product, 2018 - 2030 (Kilo Tons, USD Million)
- Table 14 France Composites Market, by Application, 2018 - 2030 (Kilo Tons, USD Million)
- Table 15 Italy Composites Market, by Manufacturing Process, 2018 - 2030 (Kilo Tons, USD Million)
- Table 16 Italy Composites Market, by Product, 2018 - 2030 (Kilo Tons, USD Million)
- Table 17 Italy Composites Market, by Application, 2018 - 2030 (Kilo Tons, USD Million)
- Table 18 Spain Composites Market, by Manufacturing Process, 2018 - 2030 (Kilo Tons, USD Million)
- Table 19 Spain Composites Market, by Product, 2018 - 2030 (Kilo Tons, USD Million)
- Table 20 Spain Composites Market, by Application, 2018 - 2030 (Kilo Tons, USD Million)
List of Figures
- Fig. 1 Market Research Process
- Fig. 2 Data Triangulation Techniques
- Fig. 3 Primary Research Pattern
- Fig. 4 Market Research Approaches
- Fig. 5 Value-Chain-Based Sizing & Forecasting
- Fig. 6 QFD Modeling For Market Share Assessment
- Fig. 7 Market Formulation & Validation
- Fig. 8 Europe Composites: Market Outlook
- Fig. 9 Europe Composites: Competitive Insights
- Fig. 10 Parent Market Outlook
- Fig. 11 Related/Ancillary Market Outlook
- Fig. 12 Penetration and Growth Prospect Mapping
- Fig. 13 Industry Value Chain Analysis
- Fig. 14 Europe Composites Market Driver Impact
- Fig. 15 Europe Composites Market Restraint Impact
- Fig. 16 Europe Composites Market Strategic Initiatives Analysis
- Fig. 17 Europe Composites Market: Manufacturing Process Movement Analysis
- Fig. 18 Europe Composites Market: Manufacturing Process Outlook and Key Takeaways
- Fig. 19 Layup Market Estimates and Forecasts, 2018 - 2030
- Fig. 20 Filament Market Estimates and Forecasts, 2018 - 2030
- Fig. 21 Injection Molding Market Estimates and Forecasts, 2018 - 2030
- Fig. 22 Pultrusion Market Estimates and Forecasts, 2018 - 2030
- Fig. 23 Compression Molding Market Estimates and Forecasts, 2018 - 2030
- Fig. 24 RTM Market Estimates and Forecasts, 2018 - 2030
- Fig. 25 Others Market Estimates and Forecasts, 2018 - 2030
- Fig. 26 Europe Composites Market: Product Movement Analysis
- Fig. 27 Europe Composites Market: Product Outlook and Key Takeaways
- Fig. 28 Carbon Fiber Market Estimates and Forecasts, 2018 - 2030
- Fig. 29 Glass Fiber Market Estimates and Forecasts, 2018 - 2030
- Fig. 30 Others Market Estimates and Forecasts, 2018 - 2030
- Fig. 31 Europe Composites Market: Application Movement Analysis
- Fig. 32 Europe Composites Market: Application Outlook and Key Takeaways
- Fig. 33 Automotive & Transportation Market Estimates and Forecasts, 2018 - 2030
- Fig. 34 Electrical & Electronics Market Estimates and Forecasts, 2018 - 2030
- Fig. 35 Wind Energy Market Estimates and Forecasts, 2018 - 2030
- Fig. 36 Construction & Infrastructure Market Estimates and Forecasts, 2018 - 2030
- Fig. 37 Pipes & Tanks Market Estimates and Forecasts, 2018 - 2030
- Fig. 38 Marines Market Estimates and Forecasts, 2018 - 2030
- Fig. 39 Others Market Estimates and Forecasts, 2018 - 2030
- Fig. 40 Europe Composites Market: Regional Movement Analysis
- Fig. 41 Europe Composites Market: Regional Outlook and Key Takeaways
- Fig. 42 Europe Market Estimates and Forecasts, 2018 - 2030
- Fig. 43 UK Market Estimates and Forecasts, 2018 - 2030
- Fig. 44 Germany Market Estimates and Forecasts, 2018 - 2030
- Fig. 45 France Market Estimates and Forecasts, 2018 - 2030
- Fig. 46 Italy Market Estimates and Forecasts, 2018 - 2030
- Fig. 47 Spain Market Estimates and Forecasts, 2018 - 2030
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