According to a market report by Lucintel, the future of the European automotive composites intermediate material looks promising with opportunities in the exterior, interior, power train system/electrical components, underbody system, and electrical and electronics applications. The European automotive composites market is expected to reach an estimated $4 billion by 2035 with a CAGR of 2% from 2025 to 2035. 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.
A more
than 150-page report to understand trends, opportunity and forecast in European
automotive composites market to 2035 by material type (SMC, BMC, GMT, SFT, LFT,
and CFT), resin type (PP composites, PBT composites, vinyl ester composites, PA
composites, epoxy composites, polyester composites, phenolic composites, and
other resin types), fiber type (glass composites, carbon composites, and natural
fiber composites), resin group (thermoplastic composites and thermoset
composites), application (exterior, interior, power train system/electrical
components, underbody system, electrical and electronics, and other
applications), and country (Germany, Spain, France, UK, and Italy)..
Lucintel
forecasts that CFT will remain the largest segment by value and volume due to
their high strength-to-weight ratio, enabling lightweight vehicles that improve
fuel efficiency and meet stringent emission regulations. Additionally, their
recyclability and faster processing make them ideal for large-scale automotive.
Download
sample by clicking on European
automotive composites market.
Interior
will remain the largest segment by value and volume due to increasingly use
lightweight composites to enhance fuel efficiency and meet stringent emission
standards, while also improving design flexibility and aesthetic appeal in
vehicle cabins.
BASF,
Magna International, Lanxess, Lorenz Kunststofftechnik GmbH, Ranger Italian,
Teijin Automotive Technologies, Hanwha, Mitsubishi Chemical Group are the major
suppliers in the European
automotive composites market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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