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 strands of silica-based glass extruded into fine fibers, 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. These fibers are embedded in a resin matrix to form glass fiber-reinforced composites, which are chemically bonded using silane coupling agents. The increasing use of glass fiber composites across industries like wind energy, construction, sporting goods, and marine is significantly expanding their market potential.

In the construction sector, the demand for advanced composite materials is rising due to the adoption of innovative construction techniques. Glass fiber composites are also widely used in marine applications, including bearings, propellers, hatch covers, exhaust systems, and topside structures, owing to their durability and corrosion resistance. Additionally, their lightweight, high strength, design flexibility, and fatigue resistance make them ideal for sports equipment such as tennis rackets, golf clubs, bicycles, skis, and fitness gear. As a result, the growing utilization of glass fiber composites across these industries is fueling the expansion of the Europe composites market.

Europe Composites Market Overview

Europe's construction industry is experiencing steady growth, driven by population increases and evolving trends in remodeling, including accessibility upgrades, customization, and smart technology integration. Increased investments by governments and private firms in infrastructure projects are further boosting the composites market. According to the European Construction Industry Federation, the EU invested $1.4 trillion in construction in 2020, with a 4.2% increase in 2021. Germany, France, the UK, Italy, and Spain collectively accounted for over 70% of these investments, with the residential sector making up 51% of total spending.

The wind energy sector is also contributing to market growth, with wind power generating 37% of the EU’s renewable energy in 2021 (Eurostat). To meet the industry's demand for high-strength rotor blades and efficient wind turbine components, composites manufacturers in Europe are prioritizing research and development to enhance material performance. This focus on innovation is further propelling the Europe composites market forward.

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.

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