The Europe Composites Market is expected to grow from US$ 18,760.27 million in 2022 to US$ 25,145.13 million by 2028. It is estimated to grow at a CAGR of 5.0% from 2022 to 2028.
The geographic scope of the Europe Composites refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is... moreThe Europe Composites Market is expected to grow from US$ 18,760.27 million in 2022 to US$ 25,145.13 million by 2028. It is estimated to grow at a CAGR of 5.0% from 2022 to 2028.
The geographic scope of the Europe Composites refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets.
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The List of Companies - Europe Composites Market
DuPont de Nemours Inc
Gurit Holding AG
Hexion Inc
Mitsubishi Chemical Holdings Corp
Nippon Electric Glass Co Ltd
Owens Corning
SGL Carbon SE
Solvay SA
Teijin Ltd
Toray Industries Inc
Key Growth Drivers:
Broad Industrial Application:
The wind energy, construction, sporting goods, and marine industries are major consumers of glass fiber composites.
Construction benefits from the increasing use of advanced composite-based processes.
The marine sector utilizes these composites for large structural components, including bearings, propellers, hatch covers, and topside structures.
The unique properties of glass fiber composites—lightweight, high strength, design flexibility, easy molding, low friction, and fatigue resistance—make them ideal for sports equipment like tennis rackets, golf clubs, and bicycles.
Core Market Driver:
The rising utilization of glass fiber composites in these end-use industries is the primary factor driving the European composites market.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
Europe Composites Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Fiber Type (Carbon Fiber Composites, Glass Fiber Composites, and Others), Resin Type [Thermoset (Polyester, Vinyl Ester, Epoxy, Polyurethane, and Others) and Thermoplastic (Polypropylene, Polyethylene, Polyvinylchloride, Polystyrene, Polyethylene Terephthalate, Polycarbonate, and Others)], and End Use Industry (Automotive, Aerospace and Defense, Wind, Construction, Marine, Sporting Goods, and Others) - Download Free PDF Brochure
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