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.   

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Rising Demand for Glass-Fiber Composites Drives European Market Growth

The Europe composites market is experiencing significant growth, fueled by increasing adoption of glass-fiber composites across diverse end-use industries. Glass fibers, thin strands of silica-based glass available in various compositions (A-glass, C-glass, D-glass, AR-glass, S-glass, E-glass) with distinct properties, are embedded within a resin matrix. This creates glass fiber-reinforced composites (GFRC), where the fibers are chemically bonded to the polymerized matrix using silane coupling agents.

The unique properties of GFRC – including lightweight construction, high strength, design flexibility, ease of molding, low friction coefficient, and fatigue resistance – make them highly desirable across multiple sectors:

  • Construction: Demand is rising due to technologically advanced processes and increased investment. GFRC is used in various structural and non-structural applications.
  • Marine: GFRC is essential for large composite structures, including bearings, propellers, commercial hatch covers, exhausts, and topside components.
  • Sporting Goods: These properties are ideal for sports equipment like tennis rackets, golf clubs, bicycles, skis, and fitness gear.
  • Wind Energy: Composites are critical for high-strength rotor blades and efficient wind turbine components.

Europe composites market Dynamics:

The European construction sector, a major driver for composites, is expanding due to population growth and evolving remodeling trends (accessibility, customization, technology integration). Significant government and private investment in infrastructure is accelerating this growth. Key statistics highlight this momentum:

  • The European Union (EU) invested €1.4 trillion (US$ 1.4 trillion) in construction in 2020.
  • Investment grew by 4.2% in 2021.
  • Germany, France, the UK, Italy, and Spain represented over 70% of total EU construction investment.
  • The residential sector accounted for 51% of this investment.

Furthermore, the wind energy sector presents a major opportunity. Wind power constituted 37% of all EU renewable energy generation in 2021 (Eurostat). To meet the sector's demand for high-performance materials, European composites manufacturers are intensifying research and development efforts focused on enhancing composite efficiency.

In essence, the escalating utilization of glass-fiber composites, driven by their superior properties and fundamental to growth in construction, marine, sporting goods, and particularly wind energy, is the primary force propelling the Europe composites market.

Europe Composites Market Segments Covered

Europe Composites Market By Fiber Type

  • Carbon Fiber Composites
  • Glass Fiber Composites

Europe Composites Market By Resin Type

  • Thermoset
  • Thermoplastic

Europe Composites Market By End Use Industry

  • Automotive
  • Aerospace and Defense
  • Wind
  • Construction
  • Marine
  • Sporting Goods

Europe Composites Market Regions and Countries Covered

Europe

  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe

Europe Composites Market leaders and key company profiles

  • 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

Strategic Insights into the Europe Composites Market

Gaining strategic insights into the European composites market involves data-driven analysis of industry trends, key players, and regional dynamics. These insights help businesses identify growth opportunities, develop unique value propositions, and stay ahead of market shifts.

By leveraging analytics, industry stakeholders—including investors, manufacturers, and suppliers—can anticipate changes in demand, explore untapped market segments, and align their strategies for long-term success. A future-oriented approach is crucial in navigating the evolving landscape of the European composites industry, ensuring profitability and sustainable growth.

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