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European Automotive Composites Market Trends and Forecast


The future of the European automotive composites 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 $6.1 billion by 2027 with a CAGR of 5.7% from 2021 to 2027. 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.  
European Automotive Composites Market
 

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 Segments

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 2016 – 2027]:

European Automotive Composites Market by Resin Type [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:

European Automotive Composites Market by Application Type [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:

European Automotive Composites Market by Resin Group [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:

European Automotive Composites Market by Fiber Type [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:

European Automotive Composites Market by Region [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:

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.

European Automotive Composites Market Insight

  • Lucintel forecasts that power train system/engine components will remain the largest market by value and by volume and is also expected to witness the highest growth over the forecast period due to increasing demand of composites in air intake manifold, engine cover/cam cover, radiator end cap, drive shaft, and suspension applications.
  • 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

  • Market Size Estimates: European automotive composites market size estimation in terms of value ($M) and volume (M lbs).
  • Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and countries.
  • Segmentation Analysis: Market size by material type, resin type, application type, resin group, fiber type, and countries.
  • Country Analysis: European Automotive Composites market breakdown by Germany, UK, Spain, France, Italy, and others.
  • 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.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the European automotive composites market.
  • 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 $6.1 billion by 2027. 
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 5.5% from 2021 to 2027.         
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:
  • Magna International Corporation
  • Menzolit
  • Lorenz Kunststofftechnik GmbH
  • Ranger Italiana
  • Continental Structural Plastics
  • Lanxess
  • Hanwha
  • BASF
  • DSM
  • Quadrant Plastic Composites
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?

For any questions related to European automotive composite market, European automotive composite market size, European automotive composite market analysis, European automotive composite suppliers, European automotive composite manufacturers, European automotive composite market trend and forecast, European automotive composite applications, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents

1. Executive Summary

2. European Automotive Composites Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2016 to 2027
3.1: Macroeconomic Trends and Forecasts
3.2: European Automotive Composites Market by Material Type
3.3 European Automotive Composites Market by Resin Type 
3.4: European Automotive Composites Market by Application
3.5: European Automotive Composites Market by Resin Group
3.6: European Automotive Composites Market by Fiber Type

4. Market Trends and Forecast Analysis by Country
4.1: Country analysis of the European Automotive Composites Market 

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the European Automotive Composites Market by Material Type
6.1.2: Growth Opportunities for the European Automotive Composites Market by Resin Type
6.1.3: Growth Opportunities for the European Automotive Composites Market by Application
6.2: Emerging Trends in the European Automotive Composites Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion
6.3.3: Mergers and Acquisitions
6.3.4: Certification and Licensing

7. Company Profiles of Leading Players
7.1: Magna International Corporation
7.2: Menzolit
7.3: Lorenz Kunststofftechnik GmbH
7.4: Ranger Italiana
7.5: Continental Structural Plastics
7.6: Lanxess
7.7: Hanwha
7.8: BASF
7.9: DSM
7.10: Quadrant Plastic Composites
 
.

Buy full report or by chapter as follows

Price by License Type:
[-] Hide Chapter Details
[Chapter Number] [Chapter Name] [Chapter Number Of Pages] [Chapter Price]
Title/Chapter Name Pages Price
Full Report: European Automotive Composites Market Report: Trends, Forecast and Competitive Analysis [2022-2027] Full Report $ 4,850
86 figures/charts and 28 tables are provided in this 146 - page report
Chapter - 1: Executive Summary 5 $ 435
Executive Summary
Chapter - 2: European Automotive Composites Market Dynamics 30 $ 218
2. European Automotive Composites Market Dynamics.
2.1    Introduction, Background and Classifications.
2.2    Supply Chain of the Composite in the European Automotive Market.
2.3    Industry drivers and challenges.
Chapter - 3: Market Trends and Forecast Analysis 40 $ 1,740

3.      Market Trends and Forecast Analysis. 49

3.1        Macroeconomic Trends and Forecast. 49

3.2        Automotive Composites Market by Material Type.. 56

3.3        Automotive Composites Market by Resin Type.. 62

3.4        Automotive Composites Market by Application.. 68

3.5        Automotive Composites Market by Resin Group.. 73

3.6        Automotive Composites Market by Fiber Type.. 78
Chapter - 4: Regional Analysis 2 $ 2,248

4.      Country Analysis. 83

4.1    Country Analysis of European Automotive Composites Market. 83
Chapter - 5: Competitor Analysis 11 $ 725
5. Competitor Analysis
5.1 Product Portfolio Analysis
5.2 Operational Integration
5.3 Geographical Reach
5.4 Porter’s Five Forces Analysis
Chapter - 6: Cost Structure Analysis 21 $ 508
6. Growth Opportunities and Strategic Analysis
6.1 Growth Opportunity Analysis
6.1.1 Growth Opportunities for the European Automotive Market by Material
6.1.2 Growth Opportunities for the European Automotive Market by Application
6.1.3 Growth Opportunities for the European Automotive Market by Resin Type
6.2 Emerging Trends in the European Automotive Composites Market
6.3 Strategic Analysis
6.3.1 New Product Development
6.3.2 Capacity Expansion of Composites in the European Automotive Market
6.3.3 Mergers, Acquisitions and Joint Ventures in the European Automotive Composites Market
6.3.4 Certification and Licensing
6.3.5 Technology Development
Chapter - 7: Growth Opportunities and Strategic Analysis 27 $ 870
7. Company Profiles of Leading Players
7.1 Magna International Corporation
7.2 Menzolit
7.3 LORENZ Kunststofftechnik GmbH
7.4 Ranger Italiana
7.5 Continental Structural Plastics
7.6 Lanxess
7.7 Hanwha
7.8 BASF
7.9 DSM
7.10 Quadrant Plastic Composites
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.