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.
Rising Utilization of Glass Fiber Composites Drives Growth of the Europe Composites Market
Glass fibers, made from silica-based glass and extruded into fine strands, are available in various types including A-glass, C-glass, D-glass, AR-glass, S-glass, and E-glass—each offering distinct properties suited for different applications. These fibers are combined with a resin matrix to form glass fiber-reinforced composites, which are further enhanced using silane coupling agents for chemical bonding. These composites are increasingly being adopted across various end-use industries such as wind energy, construction, marine, and sporting goods due to their exceptional properties like lightweight, high strength, design flexibility, ease of molding, low friction, and resistance to fatigue.
In the marine sector, glass fiber composites are utilized in large structural applications including propellers, commercial hatch covers, bearings, exhausts, and topside structures. In sports, these composites are favored for producing durable and high-performance equipment such as tennis rackets, bicycles, golf clubs, skis, and fitness gear. Additionally, the construction industry is witnessing rising demand for advanced composite materials due to their compatibility with modern construction technologies and processes. This growing usage across sectors is significantly fueling the expansion of the Europe composites market.
Europe Composites Market Outlook
The European construction industry is experiencing robust growth, driven by increasing population and evolving trends in remodeling, such as greater focus on accessibility, customization, and integration of smart technologies. Investments from both government and private sectors in infrastructure and construction projects are contributing to this momentum. According to the European Construction Industry Federation, the EU invested approximately US$ 1.4 trillion in construction in 2020, with a 4.2% increase in 2021. Major contributors to this investment include Germany, France, the UK, Italy, and Spain—collectively accounting for over 70% of the EU’s construction expenditures, with the residential sector comprising 51% of the total.
Moreover, renewable energy is a key growth driver in the region, with wind energy representing 37% of all renewable energy generated in the EU in 2021, according to Eurostat. To support this demand, European composites manufacturers are intensifying R&D efforts to develop high-performance materials tailored for wind energy applications, including high-strength rotor blades and other critical turbine components. This dual thrust from the construction and renewable energy sectors is accelerating the growth of the composites market across Europe.
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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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
