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Pulished Date September, 2020
ID: 10165
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Europe Composites Market By Fiber Type (Carbon, Glass, Natural), Resin Type (Thermoplastic, Thermoset), Manufacturing Process (Pultrusion, Filament Winding, Layup), Application (Wind Energy, Aerospace & Defense, Transportation, Metal & Mining, Automotive, Others) & By Region – Forecast to 2025

Pulished: September, 2020
ID: 10165
Pages: 155

Europe Composites Market Analysis Report (2020 - 2025)

The size and share of the Europe Composites Market were valued at 16 billion, and it is expected to grow at a CAGR of 7% in the period between 2020 and 2025.

Recent Developments

  • Toray is planning to supply Carbon fiber composite material for the all-electric air vehicle of Lilium. The Munich based company will be able to deliver clean regional air mobility by 2025.

  • Hexcel supplies composite materials to every aircraft manufacturer in the world which includes honeycomb, carbon fiber, and engineered core.

  • ACM Technologies opened a new advanced composites regeneration facility in Gardena, CA in the South Bay section of Los Angeles. This new plant enables customers on the west coast to send in their spent Composites market resins for regeneration and subsequent reuse improving the supply chain of the products.

Drivers and Restraints of Europe Composites market:

The stringent policies regarding the environment have made it difficult for plastics and opened doors for the growth of the composites market in Europe. Ease of handling non-utilized plastic material is also a driving factor. PE-base composites are the highest contributor in the European region, thus PE-based composited add to the overall growth of the industry.
The usage of composites in aerospace, wind energy turbines is growing and these options are often come cheap as compared to their counterparts that help in the growth of the industry. The demand for light-weight material is also increasing in Europe which allows growth opportunities for the composites market. Environmental concerns have also raised the production of carbon-based composites.

The composites market industry is affected by volatile prices and alternatives. The European region is one of the largest markets of the Composites market but the Asian Pacific region is growing as the fastest and more growth can be expected in that locale. The mechanical strength of these composites is a major drawback that hinders the growth of the industry.

Europe Composites market has been segmented into the following categories:

   On the basis of Type

  1. Glass
  2. Carbon
  3. Natural

On the basis of Resin

  1. Thermoset composites
  2. Thermoplastic composites

On the basis of Application

  1. Wind Energy
  2. Aerospace & Defense
  3. Transportation
  4. Metal and Mining
  5. Automotive

With a revenue share of 71%, the thermoset is recorded as the major shareholder of the European composites market.

The aerospace and defense industry is rapidly growing in the European region triggering high demands for lightweight and rigid materials. In this scenario, the composites market comes in handy as it solves both the problems at an affordable price. The automotive and transport segment also dominated the market with advantages such as fuel savings etc.

Fiberglass is made up of glass composites and is the largest product segment in the European region as it has very good bulk strength and weight properties.  

Geographical overview and regional presence:

Europe is one of the largest markets for the composites thanks to the huge investments in the pharmaceutical sector. The UK and Germany have invested a lot in healthcare facilities.
The importance of safe packaging has increased and plastics are becoming second choices to the composites.

Germany has also invested a lot in its automotive and wind energy industries and this has led to an increase in demand for the composites market. European regulations are forcing OEMs to reduce the emissions of CO2 by vehicles and further regulations are expected towards the fuel products in the coming years.

Key players operating in the European Composites market are

  1. Toray Industries.

  2. Hexcel Corporations

  3. Solvay

  4. TimberTech Ltd.

  5. ResinTech Inc.,

Composites market & Impact of COVID-19 pandemic

Europe was the early hotspot for the virus in early 2020 and it had a severe impact on major European economies as most of them were shut. It has negatively affected the demand for composites across various end-use industries such as aerospace & defense, automotive & transportation, wind energy, construction & infrastructure, and pipes & tanks. The disruption in the supply chain resulted in delays or non-arrival of raw materials, disrupted financial flows, and declining morale among production line workers have compelled aircraft and automobile manufacturers to operate at reduced or sometimes at zero capacities. This has led to a reduction in demand for composites. However, the demand from the packaging industry increased in this period which led to more production of composites. The market is expected to recuperate from 2021.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Fiber Type                   

                                5.1.1 Introduction           

                                5.1.2 Carbon      

                                5.1.3 Glass          

                                5.1.5 Y-o-Y Growth Analysis, By Fiber Type          

                                5.1.6 Market Attractiveness Analysis, By Fiber Type        

                                5.1.7 Market Share Analysis, By Fiber Type          

                5.2 Resin Type                  

                                5.2.1 Introduction           

                                5.2.2 Thermoplastics      

                                5.2.3 Thermoset Plastics              

                                5.2.5 Y-o-Y Growth Analysis, By Resin Type         

                                5.2.6 Market Attractiveness Analysis, By Resin Type       

                                5.2.7 Market Share Analysis, By Resin Type         

                5.3 Manufacturing Process                         

                                5.3.1 Introduction           

                                5.3.2 Pultrusion

                                5.3.3 Filament Winding 

                                5.3.4 Layup        

                                5.3.7 Y-o-Y Growth Analysis, By Manufacturing Process 

                                5.3.8 Market Attractiveness Analysis, By Manufacturing Process               

                                5.3.9 Market Share Analysis, By Manufacturing Process

                5.4 Applications                               

                                5.4.1 Introduction           

                                5.4.2 Wind Energy           

                                5.4.3 Aerospace & Defence        

                                5.4.4 Transportation      

                                5.4.7 Y-o-Y Growth Analysis, By Applications       

                                5.4.8 Market Attractiveness Analysis, By Applications     

                                5.4.9 Market Share Analysis, By Applications      

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Product

                                                6.1.3.3 By Type

                                                6.1.3.4 By Application

                                                6.1.3.5 By Indication

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product

                                                6.1.4.3 By Type

                                                6.1.4.4 By Application

                                                6.1.4.5 By Indication

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product

                                                6.1.5.3 By Type

                                                6.1.5.4 By Application

                                                6.1.5.5 By Indication

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Hexcel Corporation                 

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Cytec Industries                       

                8.3 Owens Corning                         

                8.4 SGL Group                  

                8.5 Gurit                              

                8.6 Solvay                           

                8.7 Teijin Limited                             

                8.8 Toray Industries, Inc.                              

                8.9 Hyosung                      

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures 

  1. Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  2. Segment-level analysis in terms of by fiber,by application,by  region, along with market size forecasts and estimations to detect key areas of industry growth in detail

  3. Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  4. Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  5. Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  6. A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  7. Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  8. An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  9. Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. EUROPE Compostites  Market By Region, From 2020-2025 ( USD Billion )

  2. EUROPE Compostites  Market By Fiber Type, From 2020-2025 ( USD Billion )

  3. EUROPE Carbon Market By Region, From 2020-2025 ( USD Billion )

  4. EUROPE Glass Market By Region, From 2020-2025 ( USD Billion )

  5. EUROPE Compostites  Market By Resin Type, From 2020-2025 ( USD Billion )

  6. EUROPE Thermoplastic Market By Region, From 2020-2025 ( USD Billion )

  7. EUROPE Thermoset Plastics Market By Region, From 2020-2025 ( USD Billion )

  8. EUROPE Compostites  Market By Manufacturing Process, From 2020-2025 ( USD Billion )

  9. EUROPE Pultrusion Market By Region, From 2020-2025 ( USD Billion )

  10. EUROPE Filament Winding Market By Region, From 2020-2025 ( USD Billion )

  11. EUROPE Layup Market By Region, From 2020-2025 ( USD Billion )

  12. EUROPE Compostites  Market By Application, From 2020-2025 ( USD Billion )

  13. EUROPE Wind Energy Market By Region, From 2020-2025 ( USD Billion )

  14. EUROPE Aerospace & Defence Market By Region, From 2020-2025 ( USD Billion )

 

 

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