Press release
Europe Advanced Composites Market Opportunities, Sales Revenue, Competitive Landscape 2028
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Growing Demand for Lightweight Materials in Aerospace & Defense Industry Driving Europe Advanced Composites Market
Advanced composites play a crucial role in enhancing the safety and performance of modern aircraft. The increasing need for lightweight materials for aviation components and parts has significantly boosted demand for these materials. Aircraft manufacturers are actively developing large primary thermoplastic structures for business jets and commercial aircraft, as they were among the early adopters of long fiber-reinforced thermoplastics. Compared to traditional materials like steel, brass, and iron, composites and polymers offer significant weight reduction. This allows manufacturers to lower aircraft weight, resulting in reduced fuel consumption and operational costs. Additionally, initiatives aimed at developing lightweight materials and parts contribute to fuel efficiency and facilitate the transition to hybrid and electric planes. Consequently, the demand for lightweight materials in the aerospace & defense sector is a key driver of the 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
Europe Advanced Composites Market Overview
The growth of the Europe advanced composites market is attributed to several factors, including the expansion of onshore and offshore wind energy projects, increasing automotive production, and rising construction activities across the region. The demand for sustainable renewable energy, coupled with the rising installation of wind turbines in countries such as Sweden, Finland, Germany, and France, has led to greater adoption of advanced composites. According to WindEurope VZW/ASBL, new wind installations in Europe reached 19.1 GW in 2022, comprising 16.7 GW onshore and 2.5 GW offshore installations. Advanced composites are preferred for wind energy applications due to their lightweight, durability, and non-conductive properties, which enhance installation efficiency and performance. These materials also offer resistance to corrosion, heat, harsh weather conditions, and flame, further improving their suitability for wind turbine construction.
The automotive industry is another major contributor to the Europe advanced composites market. The sector plays a vital role in the GDP growth of several European countries, including Germany, the UK, and Italy. According to the European Commission, in 2021, the automotive industry accounted for 7% of the region's total GDP. The presence of leading automotive manufacturers such as Volkswagen AG, Stellantis NV, Mercedes-Benz Group AG, Bayerische Motoren Werke AG, and Renault SA has significantly fueled the demand for advanced composites. As per a report by the US Commercial Service, companies like Bayerische Motoren Werke AG and Automobili Lamborghini SpA incorporate composites into vehicle production, where they constitute approximately 6-8% of the total vehicle weight.
With increasing applications across the automotive, energy, and other industrial sectors, the demand for advanced composites in Europe is expected to witness substantial growth in the coming years.
Strategic Insights into the Europe Advanced Composites Market
Strategic insights into the Europe advanced composites market offer data-driven analysis of industry trends, key players, and regional dynamics. These insights provide actionable recommendations, helping businesses identify untapped market segments and develop unique value propositions. Leveraging data analytics enables industry players, including investors and manufacturers, to anticipate market shifts and remain competitive. A forward-looking approach is essential to understanding future trends and positioning for long-term success in this evolving industry. Ultimately, well-informed strategic insights empower stakeholders to make data-driven decisions that drive profitability and support business growth in the European advanced composites market.
Other Reports:
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Europe Travel and Expense Management Software Market: https://sites.google.com/view/europe-travel-and-expense-mana/home
Europe Dermatology Devices Market: https://www.quora.com/profile/Business-Market-Insights-1/Europe-Dermatology-Devices-Market
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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
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