European Automotive Composites Market Trends and Forecast
The future of the European automotive composites intermediate material looks promising with opportunities in the power train systems/engine component, exterior, interior, electrical and electronics, and under body system applications. The European automotive composites market is expected to reach an estimated $3 billion by 2030 with a CAGR of 3% from 2024 to 2030. The major drivers for this market are increasing automotive production and growing demand for lightweight materials to achieve higher fuel efficiency and reduce greenhouse gas emissions.
Emerging Trends in the European Automotive Composites Market
Emerging trends, which have a direct impact on the dynamics of the European automotive composites industry, includes increasing penetration of carbon fiber based SMC, development of low density SMC, and formation of strategic alliances between OEMs and carbon fiber and resin suppliers, Industry is heavily targeting resin transfer molding and CFRTP processes for fabricating carbon composites parts and Use of microcellular polyurethane elastomer for noise reduction.
A total of 86 figures / charts and 28 tables are provided in this 146-page report to help in your business decisions. A sample figure with insights is shown below.
European Automotive Composites Market by Segment
The study includes a forecast for the European automotive composites market by material type, resin type, application type, resin group, fiber type, and country as follows:
European Automotive Composites Market by Material Type [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:
European Automotive Composites Market by Resin Type [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:
European Automotive Composites Market by Application Type [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:
European Automotive Composites Market by Resin Group [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:
European Automotive Composites Market by Fiber Type [Value ($M) and Volume (M lbs) shipment analysis for 2018 – 2030]:
European Automotive Composites Market by Region [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:
List of European Automotive Composites Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies European automotive composites companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the European automotive composites companies profiled in this report includes.
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BASF
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Magna International
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Lanxess
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DSM
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Mitsubishi Chemical Group
European Automotive Composites Market Insight
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Lucintel forecasts that CFT will remain the largest segment by value and volume.
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Lucintel forecasts that short fiber thermoplastic (SFT) will remain the largest segment by value and volume due to ease of processing and better capability of making parts in complex geometry.
Features of European Automotive Composites Market
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Market Size Estimates: European automotive composites market size estimation in terms of value ($M) and volume (M lbs).
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Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and countries.
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Segmentation Analysis: Market size by material type, resin type, application type, resin group, fiber type, and countries.
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Country Analysis: European Automotive Composites market breakdown by Germany, UK, Spain, France, Italy, and others.
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Growth Opportunities: Analysis of growth opportunities in different material type, resin type, application type, resin group, fiber type, and country for the European automotive composites market.
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Strategic Analysis: This includes M&A, new product development, and competitive landscape for the European automotive composites market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the European automotive composites market size?
Answer: The European automotive composites market is expected to reach an estimated $3 billion by 2030.
Q2. What is the growth forecast for European automotive composites market?
Answer: The European automotive composites market is expected to grow at a CAGR of 3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the European automotive composites market?
Answer: The major drivers for this market are increasing automotive production and growing demand for lightweight materials to achieve higher fuel efficiency and reduce greenhouse gas emissions.
Q4. What are the major applications for European automotive composites market?
Answer: Power train system/engine components and exterior are the major applications for European automotive composites market.
Q5. What are the emerging trends in European automotive composites market?
Answer: Emerging trends, which have a direct impact on the dynamics of the European automotive composites industry, includes increasing penetration of carbon fiber based SMC, development of low density SMC, and formation of strategic alliances between OEMs and carbon fiber and resin suppliers, Industry is heavily targeting resin transfer molding and CFRTP processes for fabricating carbon composites parts and Use of microcellular polyurethane elastomer for noise reduction.
Q6. Who are the key European automotive composites companies?
Answer: Some of the key European automotive composites companies are as follows:
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BASF
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Magna International
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Lanxess
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DSM
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Mitsubishi Chemical Group
Q7.Which European automotive composites material segment will be the largest in future?
Answer: Lucintel forecasts that the short fiber thermoplastic (SFT) will remain the largest segment by value and volume due to ease of processing and better capability of making parts in complex geometry.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q1. What are some of the most promising, high-growth in the European automotive composites market by material type (SMC, BMC, GMT, SFT, LFT, CFT, phenolic composites, PU composites, natural fiber composites, and other composites), resin type (PA composites, PP composites, polyester composites, vinyl ester composites, epoxy composites, PBT based composites, phenolic composites, and others), fiber type (glass fiber, carbon fiber, and natural fiber composites), resin group (thermoplastic composites and thermoset composites), application (interior, exterior, power train system/engine components, under body system, electrical and electronics, and others), and country (Germany, France, UK, Italy, Spain, and others)?
Q2. Which segments will grow at a faster pace and why?
Q3. What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q4. What are the business risks and threats to the market?
Q5. What are the emerging trends in this market and the reasons behind them?
Q6. What are the changing demands of customers in the market?
Q7. What are the new developments in the market? Which companies are leading these developments?
Q8. Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q9. What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q10. What M & A activities have taken place in the last 5 years in this market?