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

In 2023, Western Europe's automotive industry experienced significant uplift. Car import values surged by 34.6%, and volumes increased by 12.7%, while exports saw a 12.7% rise in value and a 12.4% rise in volume, largely due to better production and resolved supply chain issues. Germany was a key player, recording an 18.7% increase in production volume. To align with increasingly stringent environmental standards, automotive manufacturers are actively adopting lightweight composite materials such as fiberglass, carbon fiber, and natural fiber-based composites for vehicle body parts, interiors, and structural components. The use of composites in autonomous and connected vehicles to reduce weight and enhance safety and performance is also a substantial factor driving the demand for these materials in the region.

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Western Europe Automotive Composites Market Outlook

Western Europe presents an attractive landscape for composite production investment, thanks to its strong supply chain and cost-efficient manufacturing capabilities. Government initiatives supporting the shift to sustainable automotive technologies are further stimulating market growth. Nevertheless, challenges like high material costs and the need for specialized expertise in composite manufacturing might temporarily constrain widespread adoption. Overall, the automotive composites market in the region is poised for consistent expansion as automakers continue to prioritize advanced materials for both performance and sustainability.

The automotive sector is a crucial contributor, particularly with the escalating move towards electric vehicles. Countries like Germany, France, Italy, and the UK are major regional players, with established automotive industries increasingly integrating composite materials to optimize vehicle performance, reduce weight, and meet stringent environmental regulations. As Western Europe spearheads the shift to EVs, the demand for automotive composites in electric motors is rapidly accelerating. A European Automobile Manufacturers Association report highlighted that the car market in the region grew 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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