Europe Thermoset Composites for Automotive Market was valued at USD 1.1 Billion in 2022 and is projected to reach USD 1.8 Billion by 2030, growing at a CAGR of 6.4% from 2024 to 2030.
The automotive industry in Europe is increasingly turning to thermoset composites as a key material for improving performance, reducing weight, and enhancing durability. With the rise in electric vehicle (EV) production and the push for more sustainable vehicles, the demand for lightweight, high-strength materials like thermoset composites has soared. Thermoset composites are materials that undergo a curing process, which irreversibly hardens the product. These materials are becoming integral in the design and manufacturing of automotive components due to their unique properties, such as excellent dimensional stability, high resistance to heat, and the ability to withstand harsh environments.
Thermoset composites are mainly used in the production of automotive parts such as body panels, bumpers, and structural components. These composites are valued for their high strength-to-weight ratio, which makes them ideal for improving fuel efficiency, a key factor in the automotive industry. By replacing metal parts with thermoset composites, automakers can reduce the overall weight of vehicles, resulting in lower emissions and improved energy efficiency. Additionally, thermoset composites offer better resistance to corrosion compared to traditional materials, extending the lifespan of vehicles and reducing maintenance costs.
Industries are increasingly demanding thermoset composites due to their versatility and performance characteristics. For instance, manufacturers in the automotive industry require these materials for lightweight structures that meet the performance standards of safety, durability, and cost-efficiency. As the automotive sector shifts towards electric vehicles, the need for thermoset composites is expected to grow significantly. The use of these materials allows for better thermal insulation, reducing the weight of batteries and improving their energy density.
The European automotive market is also seeing innovation in thermoset composite technologies, with companies exploring new methods of fabricating and molding these materials for improved efficiency. Automation and advancements in manufacturing techniques, such as 3D printing, are contributing to the widespread adoption of thermoset composites in automotive production.
Thermoset composites are also being incorporated into other industries, like aerospace and construction, showcasing their growing appeal beyond automotive applications. With advancements in composite technologies, the automotive sector can expect an even greater shift toward thermoset composites in the coming years, as manufacturers aim for more sustainable and efficient vehicles.
In a similar vein, materials like the 100 Gigabit Fiber Optic Transceiver Market Type are also evolving to meet industry requirements, influencing how industries leverage technological advancements to improve performance and meet sustainability goals.
Get an In-Depth Research Analysis of the Europe Thermoset Composites for Automotive Market Size And Forecast [2025-2032]
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Sumitomo Bakelite
Toray Advanced
Adler Plastics
BASF
Solvay
Owens Corning
Teijin
SGL
PPG
Huntsman
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Thermoset Composites for Automotive Market
Epoxy Resins
Polyester Resins
Bismaleimide Resins
Phenolic Resins
Vinylester Resins
Glass Fiber
Carbon Fiber
Aramid Fiber
Natural Fiber
Basalt Fiber
Hand Layup
Spray-Up
Resin Transfer Molding (RTM)
Filament Winding
Compression Molding
Structural Components
Exterior Body Panels
Interior Parts
Chassis Components
Electrical and Electronic Components
Passenger Vehicles
Commercial Vehicles
Electric Vehicles
Luxury Vehicles
Heavy-Duty Vehicles
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Thermoset Composites for Automotive Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Thermoset Composites for Automotive Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Thermoset Composites for Automotive Market, By Type
6. Europe Thermoset Composites for Automotive Market, By Application
7. Europe Thermoset Composites for Automotive Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Thermoset Composites for Automotive Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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