Europe Composites Market 2025 Global
Industry Trends, Growth, Share, Size And
The Europe Composites Market size is projected to reach USD 27.5 billion by 2025 and anticipated to grow at
a CAGR of 7.5% during the forecast period 2019 to 2025, according to a new report by Million Insights. Rising
demand for lightweight composites in automotive industry is a major factor to drive the regional market
growth. In addition, growth of Europe aerospace & defense industry has triggered the demand for composites
in recent years and this trend is anticipated to continue over the forecast period. The presence of a large
number of aerospace giants including Ariane Group, Dassault Aviation, and Airbus has augmented the product
demand in this region.
Due to growing fuel price, the demand for fuel-efficient vehicles has increased. Additionally, rising
environmental concern and strict government regulations for the emission of harmful gases is enforcing
automotive manufacturers to develop lightweight vehicles, thereby expected to fuel the market growth.
Vehicle weight plays an important role to affect vehicle emission of harmful gasses and fuel efficiency. Thus,
favorable lightweight properties of composites replaced the usage of steel and aluminum in the automotive
industry, which is projected to drive the regional market growth. In Europe, strict government regulations are
enforcing OEMs to manufacture low gas emission vehicles, thereby expected to rise in the application of
composites in the manufacturing of vehicles.
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Europe Composites Market Report provides in-depth analysis of industry by production,
share, size, Demand, Proposition, Development, Opportunities, Growth, Economic Trends,
Technologies Research, Segmentation, Key Futuristic, Investment Feasibility, Major Key
Players, SWOT analysis and Forecast.
In 2018, glass fiber accounted for t