Europe Composites Market

The composites market in Europe is estimated to be USD 36.81 billion in 2025 and is expected to reach USD 59.84 billion by 2030, at a CAGR of 10.2%  during the forecast period. A composite material is a mixture of two different materials with different properties, such as mechanical, micro-cracking, and fatigue resistance, remarkable tensile strength, electrical conductivity, and high strength-to-weight ratio, which, when combined, offer an end-product with superior properties. Composites are composed of reinforcement fibers bound together by polymer matrix resins. Various fibers (glass, carbon, natural, and others) and polymer matrix (thermoset and thermoplastic) can be used in composites depending on applications and the required specifications. Composites are used in several end-use industries, including aerospace & defense, automotive & transportation, wind energy, marine, pipe, tanks & pressure vessels, construction & infrastructure, and electronics.

The aerospace & defense industry is the largest end-use industry in the Europe composites market in 2024. The use of composites enables more efficient structural and aerodynamic design due to their greater strength-to-weight ratio.  In developed countries, governmental focus on replacing old aircraft is driving the adoption of composite materials to meet regulatory standards set by aviation authorities. These materials offer significant advantages such as lightweight properties, high strength-to-weight ratios, and resistance to corrosion, making them ideal for modernizing aging aircraft fleets. Regulatory bodies, such as the Federal Aviation Administration (FAA) in the US and the European Union Aviation Safety Agency (EASA), enforce stringent safety and environmental standards.

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Some of the major manufacturers operating in the Europe composites market include Owens Corning (US), Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Holdings Corporation (Japan), SGL Group (Germany), Nippon Electric Glass Co., Ltd. (Japan),  Hexcel Corporation (US), Solvay (Belgium), and China Jushi Co., Ltd. (China). These players have adopted various growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, mergers & acquisitions, and new product development activities to expand their presence in the composites market.

Toray Industries, Inc. (Japan)

Toray Industries Inc., a multinational firm located in Japan, is one of the major manufacturers of industrial materials. Toray Industries Inc. has expanded its activities in a variety of industries, including fibers and textiles, plastics and chemicals, IT-related products, carbon fiber composite materials, and life sciences. Toray Industries Inc.'s business spans multiple industries, including automotive, aerospace, electronics, healthcare, and environmental solutions. Toray Industries Inc. is a renowned manufacturer of carbon fiber composite materials used in the aerospace, automotive, and sporting goods industries, offering lightweight, high-strength solutions. Toray Industries, Inc.'s subsidiary, Zoltek Composites, Inc. (US), provides carbon fiber composites to the automotive, maritime, commercial, and transportation industries. Toray Industries Inc. has manufacturing and research facilities in North America, Latin America, Europe, Africa, Asia, and other regions and operates in 29 countries. Toray Industries Inc. has 283 subsidiaries, with 103 in Japan and 180 overseas.

Teijin Limited (Japan)

Teijin Limited is a Japanese chemical, pharmaceutical, and information technology company involved in the manufacture, processing, and selling of chemical products. Its main fields of operations are high-performance fibers such as aramid, carbon fibers & composites, healthcare, films, resin & plastic processing, polyester fibers, product converting, and IT products. The company offers advanced solutions having applications in the transportation, electronics, energy, and healthcare sectors. Teijin has a wide geographical presence with manufacturing facilities in North America, Europe, and Asia Pacific, covering over 20 countries.

Hexcel Corporation (US)

Hexcel Corporation is a global leader in advanced composite materials, including high-strength, lightweight carbon-fiber products, prepregs, honeycomb structures, and custom composite systems for aerospace, defense, and high-performance industrial applications. The company's materials are widely utilized in commercial and military aircraft to reduce weight, improve fuel efficiency, and enhance structural performance. They are also utilized in wind energy, automobile, and industrial applications that demand strength, durability, and corrosion resistance. Hexcel Corporation has a global manufacturing and technology network, and it continues to develop breakthrough fiber, resin, and core solutions to enable the rapid transition from metals to composites in modern-day constructions.

EUROPE COMPOSITES MARKET: MARKET RANKING

The composites market is consolidated, with the top five players accounting for 61–71% of the market share. Toray Industries' leading position in the European market can be attributed to its technological innovation, strong research and development capabilities, extensive production capacity, and strategic partnerships across various industries. As one of the pioneers in composites manufacturing, the company has developed high-performance carbon fiber materials that are widely used in aerospace, automotive, wind energy, and sporting goods industries. Other prominent companies in Europe's composites industry include Hexcel Corporation and Teijin Limited. These companies have made significant progress in offering competitive products and solutions to meet various carbon fiber applications and needs. Companies such as Mitsubishi Chemical Group Corporation and SGL Carbon are helping diversify the composites market in Europe as these companies are pioneering advanced technologies and increasing their manufacturing capacity, which in turn, will also support the growth of the overall composites sector.

Related Reports:

Europe Composites Market by Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites), Resin Type (Thermoset Composites, Thermoplastic Composites), Manufacturing Process (Layup, Compression Molding, Injection Molding, RTM, Filament Winding, Pultrusion), End-use Industry (Aerospace & defense, Wind Energy, Automotive  & Transportation, Construction & Infrastructure, Marine, Pipes, Tanks & Pressure Vessels, Electrical & Electronics), and Country - Forecast to 2030

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