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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Growing Demand for Glass-Fiber Composites Accelerates Europe Composites Market Expansion
Glass fibers, made by extruding silica-based glass into fine filaments, are available in various compositions such as A-glass, C-glass, D-glass, AR-glass, S-glass, and E-glass—each offering distinct properties tailored to specific applications. These fibers are embedded into resin matrices to form glass fiber-reinforced composites, where silane coupling agents ensure a strong chemical bond between the fibers and the matrix.
The adoption of glass fiber composites is on the rise across several key industries, including wind energy, construction, marine, and sporting goods. Their increasing use in these sectors is broadening the scope of the Europe composites market. In construction, the growing use of advanced technologies is boosting demand for high-performance composite materials. In the marine industry, glass fiber composites are widely employed in the manufacturing of large structural components such as propellers, bearings, exhaust systems, hatch covers, and topside assemblies.
The superior characteristics of glass fiber composites—including lightweight construction, high strength, flexibility in design, easy moldability, low friction, and fatigue resistance—make them ideal for a range of sports equipment, such as tennis rackets, golf clubs, bicycles, skis, and fitness gear. This versatility is a major factor fueling the expansion of the Europe composites market.
Europe Composites Market Outlook
The European construction sector is experiencing steady growth, driven by population increases and changing remodeling trends, including accessibility improvements, customization, and integration of smart technologies. Increased government and private sector investments in infrastructure projects are further propelling market growth. According to the European Construction Industry Federation, the EU invested approximately US$ 1.4 trillion in the construction sector in 2020, with a 4.2% rise in 2021. Major economies such as Germany, France, the UK, Italy, and Spain collectively contributed over 70% of this investment, with the residential segment alone accounting for 51%.
Moreover, the wind energy sector is a significant contributor to the region's demand for composites. As per Eurostat, wind energy made up 37% of all renewable energy produced in the EU in 2021. To meet the increasing requirements for high-strength, efficient materials in wind turbine components—particularly rotor blades—composite manufacturers in Europe are intensifying research and development efforts to enhance performance and durability. This focus on innovation and sustainability continues to reinforce the strong growth trajectory of 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 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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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
