Europe Advanced Composites Market Key Vendors and Trends by Forecast to 2028 

The Europe advanced composites market is expected to grow from US$ 15,999.44 million in 2022 to US$ 28,306.07 million by 2028. It is estimated to grow at a CAGR of 10.0% from 2022 to 2028.

The escalating need for lightweight materials in the aerospace and defense sector is a significant catalyst propelling the growth of the in Europe advanced composites market. These advanced materials are indispensable for ensuring the safety and optimal performance of modern aircraft. The drive to reduce the weight of aviation components and parts has substantially increased the demand for advanced composites. Leading aircraft manufacturers are actively pursuing the development of large primary thermoplastic structures for both business jets and commercial aircraft, having been early adopters of long fiber-reinforced thermoplastics.  

Materials like composites and polymers offer a considerable weight advantage over traditional materials such as steel, brass, alloys, and iron. By utilizing these lighter materials, manufacturers can decrease the overall weight of aircraft parts, leading to significant reductions in fuel consumption. Numerous initiatives are currently underway, focusing on the creation of lightweight materials and components that not only lower fuel consumption but also facilitate the adoption of hybrid and electric aircraft. Consequently, the increasing demand for lightweight solutions within the aerospace and defense industry is a key driver for the expansion of the Europe advanced composites market.  

Europe Advanced Composites Market Overview

The robust growth of the Europe advanced composites market is also fueled by the expanding installation of both onshore and offshore wind energy, the burgeoning automotive manufacturing sector, and increased construction activities across the region. The rising demand for sustainable renewable energy sources, coupled with the growing deployment of wind turbines in countries like Sweden, Finland, Germany, and France, is significantly boosting the demand for advanced composites. According to WindEurope VZW/ASBL, Europe saw 19.1 GW of new wind installations in 2022, comprising 16.7 GW of onshore and 2.5 GW of offshore capacity.

Advanced composites are vital in wind energy installations due to their non-conductive nature, durability, and lighter weight compared to wood or steel, which simplifies installation processes. Furthermore, their use in wind turbines enhances performance due to their inherent properties, including resistance to corrosion, heat, harsh weather conditions, and flame. 

The automotive industry stands as another major contributor to Europe's GDP, particularly in nations like Germany, the UK, and Italy. The European Commission reported that in 2021, the automotive sector in Europe generated a turnover equivalent to 7% of the region's total GDP. The presence of prominent automotive players such as Volkswagen AG, Stellantis NV, Mercedes-Benz Group AG, Bayerische Motoren Werke AG, and Renault SA significantly drives the demand for advanced composites. As highlighted in a US Commercial Service report, manufacturers like Bayerische Motoren Werke AG and Automobili Lamborghini SpA utilize composites in their vehicles, accounting for approximately 6-8% of the vehicle's weight. Therefore, the increasing application of advanced composites in the automotive, energy, and other end-use industries is projected to further propel market growth in the coming years. 

Europe advanced composites market Strategic Insights

Strategic insights for the Europe Advanced Composites market deliver data-centric analysis of the industry landscape, encompassing prevailing trends, key market participants, and regional specificities. These insights provide actionable recommendations, empowering stakeholders to differentiate themselves by identifying untapped market segments or formulating unique value propositions. By leveraging data analytics, these insights enable industry players, including investors and manufacturers, to anticipate market shifts. Adopting a forward-looking perspective is crucial, assisting stakeholders in preparing for market changes and positioning themselves for sustained success within this dynamic European market. Ultimately, effective strategic insights equip readers with the knowledge to make informed decisions that drive profitability and achieve their business objectives within this evolving Europe advanced composites market.

Europe advanced composites market Segments Covered

Europe advanced composites market By Fiber Type

• Carbon Fiber Composites

• Aramid Fiber Composites

• Glass Fiber Composites

Europe advanced composites market By Matrix Type

• Epoxy Resin

• Phenolics

• Polyester Resin

• Polyurethane Resin

• Polyphenylene Sulfide

• Polyetherimide

Europe advanced composites market By End-Use Industry

• Aerospace & Defense

• Automotive

• Wind Energy

• Building & Construction

• Electrical & Electronics

Europe advanced composites market Regions and Countries Covered

Europe

• UK

• Germany

• France

• Russia

• Italy

• Rest of Europe

Europe advanced composites market leaders and key company profiles

• Avient Corp

• Ensinger GmbH

• Johns Manville Corp

• Mitsubishi Chemical Corp

• Owens Corning

• SGL Carbon SE

• Solvay SA

• Tecnaro GmbH

• Teijin Ltd

• Toray Industries Inc

Other Report: 

Nordic Graphite Market: https://github.com/SuryakantGadekar/Business-Market-Insights/issues/16 

Middle East Graphite Market: https://penzu.com/p/97fda81882a1b58e  

GCC Graphite Market: https://business-news-insights.blogspot.com/2025/05/gcc-graphite-market-technological.html   

Benelux Graphite Market: https://sites.google.com/view/beneluxgraphitemarket/home   

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Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights