European Automotive Composites Market is expected to reach $4.7 Billion by 2025 – An exclusive market research report by Lucintel 1
Trends and Forecast for the Global European Automotive Composites Market
Trends, opportunities, and forecast in European automotive composites market to 2025 by material type (SMC, BMC, GMT, SFT, LFT, CFT, Phenolic, PU, Natural Fiber, Carbon thermoset composites), by resin type(PP, PBT, Vinyl Ester, PA, Epoxy, Polyester, Phenolic and others), by fiber type (glass fiber, carbon fiber and natural fiber composites),by resin group (Thermoplastic and Thermoset Composites), and by application

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.

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 click on this link

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