The Europe composites market is expected to grow from US$ 18,760.27 million in 2022 to US$ 25,145.13 million by 2028. It is estimated to grow at a CAGR of 5.0% from 2022 to 2028.
Growing Adoption of Glass-Fiber Composites in Key Industries Drives Europe composites market
Glass fibers are thin, silica-based strands available in various compositions—such as A-glass, C-glass, D-glass, AR-glass, S-glass, and E-glass—each offering distinct properties for diverse applications. When embedded in a resin matrix, these fibers form glass fiber-reinforced composites, which are chemically bonded using silane coupling agents. These composites are gaining traction across multiple industries, including wind energy, construction, sporting goods, and marine, due to their lightweight nature, high strength, design flexibility, corrosion resistance, and durability.
In the construction sector, the demand for advanced composite materials is rising as Europe experiences population growth and evolving remodeling trends, such as accessibility upgrades, customization, and smart technology integration. Increased government and private investments in infrastructure are further propelling market growth. For instance, the European Construction Industry Federation reported that the EU invested $1.4 trillion in construction in 2020, with a 4.2% increase in 2021. Leading economies like Germany, France, the UK, Italy, and Spain accounted for over 70% of these investments, with residential projects making up 51% of the total.
The wind energy sector is another major driver, with composites playing a crucial role in manufacturing high-strength rotor blades and efficient turbine components. According to Eurostat, wind energy contributed 37% of the EU’s renewable energy generation in 2021, prompting composite manufacturers to focus on R&D for improved material performance.
Additionally, glass fiber composites are widely used in marine applications, including propellers, bearings, hatch covers, and exhaust systems, as well as in sporting goods like tennis rackets, golf clubs, and bicycles. Their superior properties—such as fatigue resistance, low friction, and ease of molding—make them ideal for these applications.
With expanding use cases across industries, the Europe composites market is poised for sustained growth, driven by technological advancements and increasing demand for high-performance materials.
Europe Composites Market Segmentation
The Europe composites market is segmented by fiber type, resin type, end-use industry, and country.
Europe composites market By Fiber Type
- Carbon Fiber Composites
- Glass Fiber Composites (Dominates the market, holding the largest share in 2022)
- Others
Europe composites market By Resin Type
- Thermoset (Held a larger market share in 2022)
- Polyester
- Vinyl Ester
- Epoxy
- Polyurethane
- Others
- Thermoplastic
- Polypropylene
- Polyethylene
- Polyvinyl Chloride (PVC)
- Polystyrene
- Polyethylene Terephthalate (PET)
- Polycarbonate
- Others
Europe composites market By End-Use Industry
- Automotive (Largest market share in 2022)
- Aerospace & Defense
- Wind Energy
- Construction
- Marine
- Sporting Goods
- Others
Europe composites market By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe (Dominates the market, holding the largest share in 2022)
Europe composites market Key Market Players
Leading companies operating in the Europe composites market include:
- DuPont de Nemours, Inc.
- Gurit Holding AG
- Hexion Inc.
- Mitsubishi Chemical Holdings Corp.
- Nippon Electric Glass Co., Ltd.
- Owens Corning
- SGL Carbon SE
- Solvay SA
- Teijin Ltd.
- Toray Industries, Inc.
This structured segmentation provides a comprehensive overview of the Europe composites market, highlighting key trends and dominant segments.
Europe composites market Insights
Strategic insights for the Europe 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 composites market Regional Insights
The geographic scope of the Europe 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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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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