Lucintel's latest market report analyzed that European automotive composites provides attractive opportunities in the power train, exterior, interior, electrical and electronics, and under body system.. The European automotive composites market is expected to reach $4.7 billion by 2025 with a CAGR of 1.7%. In this market, short fiber thermoplastic (SFT) is the largest segment by material type, whereas PA based composites is largest by resin type. The increasing penetration of carbon fiber based SMC, development of low density SMC, and formation of strategic alliances between OEMs and carbon fiber and resin suppliers provides strategic growth path in this market.
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Based on material type, the European automotive composites market is segmented into SMC, BMC, GMT, SFT, LFT, CFT, Phenolic, PU, Natural Fiber, Carbon thermoset composites. The short fiber thermoplastic (SFT) segment accounted for the largest share of the market in 2020 due to ease of processing and better capability of making parts in complex geometry.
Browse in-depth TOC on “European Automotive Composites Market”
31 – Tables
92 – Figures
137 – Pages
The European automotive composites market is marked by the presence of several big and small players. Some of the prominent players offering European automotive composites include Plastic omnium, Polytec, BASF, DSM, Polynt, Lanxess and others.
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