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 Drives Europe Advanced Composites Market
Advanced composites play a vital role in enhancing the safety and performance of modern aircraft. With the aerospace industry increasingly prioritizing lightweight materials for aviation components, demand for advanced composites has surged. Manufacturers are focusing on developing large primary thermoplastic structures for commercial aircraft and business jets, leveraging long fiber-reinforced thermoplastics for superior strength-to-weight ratios.
Compared to traditional materials like steel, brass, and iron, composites and polymers significantly reduce weight, leading to lower fuel consumption and operational costs. This shift aligns with industry efforts to improve fuel efficiency and support the adoption of hybrid and electric aircraft. As a result, the aerospace & defense sector remains a key driver of Europe’s advanced composites market growth.
Europe Advanced Composites Market Overview
The Europe advanced composites market is experiencing robust growth, fueled by:
- Expanding wind energy installations (onshore & offshore)
- Rising automotive production
- Increased construction activity
Key Growth Drivers
- Wind Energy Expansion
Europe’s push for sustainable energy has accelerated wind turbine installations, particularly in Germany, Sweden, Finland, and France. In 2022, Europe added 19.1 GW of new wind capacity (16.7 GW onshore, 2.5 GW offshore) (WindEurope VZW/ASBL). Advanced composites are preferred in wind turbines due to their lightweight, durability, and resistance to corrosion, heat, and harsh weather—enhancing performance and longevity. - Automotive Industry Demand
Europe’s automotive sector, a major contributor to regional GDP (7% in 2021, European Commission), is increasingly adopting advanced composites to reduce vehicle weight and improve efficiency. Leading manufacturers like Volkswagen, BMW, Mercedes-Benz, and Lamborghini integrate composites, which now account for 6-8% of vehicle weight (US Commercial Service). - Construction & Industrial Applications
Growth in infrastructure projects and the need for high-performance, corrosion-resistant materials further boost market demand.
With strong adoption across aerospace, automotive, energy, and construction, Europe’s advanced composites market is poised for sustained expansion 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.
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
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