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.
Growing Demand for Lightweight Materials in Aerospace & Defense Industry Fuels Europe Advanced Composites Market
Advanced composites play a critical role in ensuring the safety and performance of modern aircraft. With the aerospace and defense industry increasingly prioritizing lightweight materials for aircraft components, demand for advanced composites has surged. Manufacturers are focusing on developing large primary thermoplastic structures for commercial aircraft and business jets, with long fiber-reinforced thermoplastics being an early adoption. Compared to traditional materials like steel, brass, and iron, composites and polymers significantly reduce weight, leading to lower fuel costs. Additionally, industry initiatives are driving innovation in lightweight materials to enhance fuel efficiency and support the transition toward hybrid and electric aircraft. This growing demand for lightweight solutions is a key factor propelling the Europe advanced composites market.
Europe Advanced Composites Market Segments Covered
Europe Advanced Composites Market By Fiber Type
- Carbon Fiber Composites
- Aramid Fiber Composites
- Glass Fiber Composites
Europe Advanced Composites Market By Matrix Type
- Epoxy Resin
- Phenolics
- Polyester Resin
- Polyurethane Resin
- Polyphenylene Sulfide
- Polyetherimide
Europe Advanced Composites Market By End-Use Industry
- Aerospace & Defense
- Automotive
- Wind Energy
- Building & Construction
- Electrical & Electronics
Europe Advanced Composites Market Regions and Countries Covered
Europe
- UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Europe Advanced Composites Market leaders and key company profiles
- Avient Corp
- Ensinger GmbH
- Johns Manville Corp
- Mitsubishi Chemical Corp
- Owens Corning
- SGL Carbon SE
- Solvay SA
- Tecnaro GmbH
- Teijin Ltd
- Toray Industries Inc
Europe Advanced Composites Market Overview
The Europe advanced composites market is expanding due to rising wind energy installations, increasing automotive production, and growing construction activity. The shift toward renewable energy has accelerated wind turbine deployments across Sweden, Germany, France, and Finland. According to WindEurope, Europe added 19.1 GW of new wind capacity in 2022, including 16.7 GW onshore and 2.5 GW offshore. Advanced composites are preferred in wind energy applications due to their lightweight, durability, and resistance to corrosion, heat, and harsh weather—enhancing turbine performance and longevity.
The automotive sector, a major contributor to Europe’s GDP, also drives demand for advanced composites. Germany, the UK, and Italy, home to leading automakers like Volkswagen, BMW, and Renault, are increasingly incorporating composites into vehicle manufacturing. For instance, BMW and Lamborghini use composites for 6-8% of a vehicle’s total weight, improving efficiency and performance. With these trends, the advanced composites market is poised for sustained growth across multiple industries.
Strategic Insights for Europe Advanced Composites Market
To navigate the competitive landscape, industry stakeholders must leverage data-driven insights on market trends, key players, and regional dynamics. Strategic recommendations include:
- Identifying Untapped Segments: Explore emerging applications in electric vehicles, renewable energy, and next-gen aerospace technologies.
- Enhancing Value Propositions: Differentiate offerings through innovation in high-performance, sustainable composites.
- Anticipating Market Shifts: Utilize predictive analytics to stay ahead of regulatory changes and evolving customer demands.
- Strengthening Supply Chains: Collaborate with material suppliers and manufacturers to ensure resilience and cost efficiency.
By adopting a forward-looking approach, businesses can capitalize on growth opportunities, optimize profitability, and maintain a competitive edge in Europe’s dynamic advanced composites market. Strategic insights empower stakeholders to make informed decisions, ensuring long-term success in this rapidly evolving industry.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights