New Research: Lucintel Predicts a Bright Future for the European Automotive Composites Market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities in the European Automotive Composites Market 2020-2025”. 

This market report for European automotive composites identifies and predicts future opportunities for growth in European automotive composites market for various segments as well as for Europe. It also identifies growth opportunities for European automotive composites in the power train, exterior, interior, electrical and electronics, and under body system. 

According to Lucintel’s market report, the European automotive composites market is expected to reach an estimated $5.3 billion by 2025 with a CAGR of 3.7% from 2020 to 2025. Some of the dominant players in the European automotive composites market are Plastic omnium, Polytec, BASF, DSM, Polynt, Lanxess and others. 

There are some interesting developments in European automotive composites market as competition heats up and players try to increase their market share. Some of the emerging trends shaping the market dynamics include 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.  

Read more about this report at: 

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