Europe Composites Market Size & Outlook, 2022-2030
Europe composites market, 2018-2030 (US$M)
Related Markets
Europe composites market highlights
- The Europe composites market generated a revenue of USD 19,356.9 million in 2022.
- The market is expected to grow at a CAGR of 6.3% from 2023 to 2030.
- In terms of segment, glass fiber others was the largest revenue generating product in 2022.
- Carbon Fiber is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 19,356.9 million |
| Market revenue in 2030 | USD 31,541.3 million |
| Growth rate | 6.3% (CAGR from 2022 to 2030) |
| Largest segment | Glass fiber others |
| Fastest growing segment | Carbon Fiber |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbon Fiber, Glass Fiber Others |
| Key market players worldwide | Teijin Ltd, Toray Industries Inc, Owens-Corning Inc, PPG Industries Inc, Huntsman Corp, SGL Group, Hexcel Corp, DuPont de Nemours Inc, Compagnie de Saint-Gobain SA, Weyerhaeuser Co, Cytec Industries, Jushi, KINECO, Momentive, Veplas Group |
Other key industry trends
- In terms of revenue, Europe region accounted for 20.7% of the global composites market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 81,093.5 million by 2030.
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Composites Market Scope
Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe composites market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to composites market will help companies and investors design strategic landscapes.
Glass fiber others was the largest segment with a revenue share of 55.61% in 2022. Horizon Databook has segmented the Europe composites market based on carbon fiber, glass fiber others covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for composites is largely dominated by the Western European countries owing to the presence of large-scale manufacturing industries. The well-established automotive, aerospace & defense, construction, and electrical & electronics industries are expected to drive industry growth in the European market.
The advent of new aircraft manufacturers such as Commercial Aircraft Corporation of China, Ltd. in Europe is expected to boost the production of aircraft as well as competition among aircraft manufacturers in the region.
A significant proportion of defense investments are allocated to procuring various types of aircraft, which, in turn, is anticipated to propel the demand for composites in military aircraft applications. Ascending demand for cost-effective and high-performance resins in the renewable energy industry is expected to drive the regional market.
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Our clientele includes a mix of composites market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe composites market , including forecasts for subscribers. This continent databook contains high-level insights into Europe composites market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe composites market size, by country, 2018-2030 (US$M)
Europe Composites Market Outlook Share, 2022 & 2030 (US$M)
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