The Western Europe Automotive Composites Market size is expected to reach US$ 3.93 billion by 2031 from US$ 1.75 billion in 2023. The market is estimated to record a CAGR of 10.7 % from 2024 to 2031. 

Executive Summary

The Western European automotive sector showcased strong performance in 2023. Car import values increased by 34.6% and volumes by 12.7%, while exports registered a 12.7% rise in value and a 12.4% increase in volume, propelled by improved production and supply chain stability. Germany notably contributed, with an 18.7% increase in production volume. To meet stricter fuel efficiency and environmental standards, car producers are increasingly incorporating lightweight composite materials, including fiberglass, carbon fiber, and natural fiber-based composites, into vehicle bodies, interiors, and structural parts. The application of composites in autonomous and connected vehicles to reduce weight and enhance safety and performance is also significantly contributing to the demand for these materials in the region.

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Western Europe Automotive Composites Market Outlook

Western Europe is emerging as a compelling destination for composite production investment, supported by its robust supply chain and cost-effective manufacturing capabilities. Government initiatives promoting sustainable automotive technologies are further bolstering market expansion. Nevertheless, challenges such as high material costs and the requirement for specialized expertise in composite manufacturing might temporarily restrict widespread adoption. Overall, the automotive composites market in the region is set for steady expansion as automakers continue to prioritize advanced materials for enhanced performance and sustainability benefits.

The automotive sector is a significant driver, particularly with the rapid shift towards electric vehicles. Key countries like Germany, France, Italy, and the UK, with their established automotive industries, are progressively incorporating composite materials to improve vehicle performance, reduce weight, and comply with strict environmental regulations. As Western Europe champions the transition to EVs, the demand for automotive composites in electric motors is rapidly expanding. According to a European Automobile Manufacturers Association report, the car market in the region expanded by 13.9% in 2023 compared to 2022, reaching a volume of 10.5 million units.

Western Europe Automotive Composites Market Segmentation

Western Europe Automotive Composites Market By Fiber Type

• Glass Fiber Composites
• Carbon Fiber Composites

Western Europe Automotive Composites Market By Resin Type

• Thermoset
• Thermoplastics

Western Europe Automotive Composites Market By Technology

• Pultrusion
• Injection Molding
• Compression Molding

Western Europe Automotive Composites Market By Vehicle Type

• Passenger Cars
• Commercial Vehicles
• Two Wheelers

Western Europe Automotive Composites Market Regions and Countries Covered         

Western Europe

• Belgium
• Netherlands
• Luxembourg
• UK
• Germany
• France
• Italy
• Spain
• Switzerland
• Sweden
• Austria
• Denmark
• Portugal
• Norway
• Finland

Western Europe Automotive Composites Market Market leaders and key company profiles    

• Gurit Holdings AG
• Hexcel Corp
• Mitsubhishi Chemical Group
• SGL Carbon SE
• Solvay SA
• Teijin Ltd
• DuPont de Numours Inc
• Toray Industries
• Atlas Fibre
• Elaghmore Advisor LLP

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