Eastern Europe Automotive Composites Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
Description
The Eastern Europe Automotive Composites Market is projected to reach USD 1,098.8 million by 2031, up from USD 540.2 million in 2024, representing a compound annual growth rate (CAGR) of 10.7% from 2024 to 2031.
Executive Summary and Market Analysis
The automotive composites market in Eastern Europe is experiencing significant growth, driven by an increasing demand for lightweight, fuel-efficient, and eco-friendly vehicles. This demand is further propelled by the region's rising automotive production, particularly in countries like Hungary, Poland, and the Czech Republic. Manufacturers are increasingly adopting composite materials such as fiberglass and carbon fiber to enhance performance, reduce weight, and improve fuel economy. According to the World Trend Plus Association, automotive production in Poland rose from 483,840 units in 2022 to 612,882 units in 2023.
Market Segmentation Analysis
The Eastern Europe automotive composites market can be segmented based on fiber type, resin type, technology, vehicle type, and application.
Fiber Type: The market is segmented into glass fiber composites, carbon fiber composites, and others. The glass fiber composites segment held the largest market share in 2024.
Resin Type: The market is divided into thermoset and thermoplastics, with thermoplastics holding the largest share in 2024.
Technology: Segmented into pultrusion, injection molding, compression molding, and others. The injection molding segment dominated the market in 2024.
Vehicle Type: This segment includes passenger cars, commercial vehicles, two-wheelers, and others, with passenger cars holding the largest share in 2024.
Application: Segmented into structural assembly, powertrain components, interior, and exterior. The interior segment accounted for the largest share in 2024.
Market Outlook
Eastern Europe benefits from a robust supply chain and cost-effective manufacturing, making it an attractive region for investment in composite production. Government initiatives supporting the transition to sustainable automotive technologies are further stimulating market growth. However, challenges such as high material costs and the need for specialized expertise in composite manufacturing may restrict widespread adoption in the short term. Overall, the automotive composites market in the region is set for steady expansion as automakers continue to prioritize advanced materials for both performance and sustainability.
The automotive industry in these countries provides substantial employment opportunities, with a growing demand for composites due to increasing vehicle production. These nations are focused on enhancing their automotive sectors, leading to a rise in composite consumption for various applications, including body panels, drive shafts, and other parts. The aftermarket also significantly influences the demand for automotive composites, as the sector embraces new technologies.
Country Insights
The Eastern Europe automotive composites market is further segmented into Turkey, the Russian Federation, Poland, Ukraine, Romania, and Greece. Turkey held the largest market share in 2024.
Turkey's automotive composites market is thriving, propelled by a robust automotive manufacturing sector and a rising demand for lightweight, fuel-efficient vehicles. Composites such as fiberglass, carbon fiber, and natural fibers are increasingly adopted to enhance performance, reduce emissions, and improve fuel economy. As Turkey emphasizes sustainability and adheres to environmental regulations, the shift toward electric vehicles (EVs) is accelerating the use of lightweight materials to boost battery range and overall efficiency. With ongoing investments in automotive research and development, Turkey's automotive composites market is poised for growth, supporting both domestic production and export opportunities.
Company Profiles
Key players in the Eastern Europe automotive composites market include Gurit Holding AG, Hexcel Corp, Mitsubishi Chemical Group Corp, SGL Carbon SE, Solvay SA, Teijin Ltd, DuPont de Nemours Inc, Toray Industries Inc, Atlas Fibre, and Elaghmore Advisor LLP. These companies employ strategies such as expansion, product innovation, and mergers and acquisitions to remain competitive and provide innovative products to their customers.
Executive Summary and Market Analysis
The automotive composites market in Eastern Europe is experiencing significant growth, driven by an increasing demand for lightweight, fuel-efficient, and eco-friendly vehicles. This demand is further propelled by the region's rising automotive production, particularly in countries like Hungary, Poland, and the Czech Republic. Manufacturers are increasingly adopting composite materials such as fiberglass and carbon fiber to enhance performance, reduce weight, and improve fuel economy. According to the World Trend Plus Association, automotive production in Poland rose from 483,840 units in 2022 to 612,882 units in 2023.
Market Segmentation Analysis
The Eastern Europe automotive composites market can be segmented based on fiber type, resin type, technology, vehicle type, and application.
Fiber Type: The market is segmented into glass fiber composites, carbon fiber composites, and others. The glass fiber composites segment held the largest market share in 2024.
Resin Type: The market is divided into thermoset and thermoplastics, with thermoplastics holding the largest share in 2024.
Technology: Segmented into pultrusion, injection molding, compression molding, and others. The injection molding segment dominated the market in 2024.
Vehicle Type: This segment includes passenger cars, commercial vehicles, two-wheelers, and others, with passenger cars holding the largest share in 2024.
Application: Segmented into structural assembly, powertrain components, interior, and exterior. The interior segment accounted for the largest share in 2024.
Market Outlook
Eastern Europe benefits from a robust supply chain and cost-effective manufacturing, making it an attractive region for investment in composite production. Government initiatives supporting the transition to sustainable automotive technologies are further stimulating market growth. However, challenges such as high material costs and the need for specialized expertise in composite manufacturing may restrict widespread adoption in the short term. Overall, the automotive composites market in the region is set for steady expansion as automakers continue to prioritize advanced materials for both performance and sustainability.
The automotive industry in these countries provides substantial employment opportunities, with a growing demand for composites due to increasing vehicle production. These nations are focused on enhancing their automotive sectors, leading to a rise in composite consumption for various applications, including body panels, drive shafts, and other parts. The aftermarket also significantly influences the demand for automotive composites, as the sector embraces new technologies.
Country Insights
The Eastern Europe automotive composites market is further segmented into Turkey, the Russian Federation, Poland, Ukraine, Romania, and Greece. Turkey held the largest market share in 2024.
Turkey's automotive composites market is thriving, propelled by a robust automotive manufacturing sector and a rising demand for lightweight, fuel-efficient vehicles. Composites such as fiberglass, carbon fiber, and natural fibers are increasingly adopted to enhance performance, reduce emissions, and improve fuel economy. As Turkey emphasizes sustainability and adheres to environmental regulations, the shift toward electric vehicles (EVs) is accelerating the use of lightweight materials to boost battery range and overall efficiency. With ongoing investments in automotive research and development, Turkey's automotive composites market is poised for growth, supporting both domestic production and export opportunities.
Company Profiles
Key players in the Eastern Europe automotive composites market include Gurit Holding AG, Hexcel Corp, Mitsubishi Chemical Group Corp, SGL Carbon SE, Solvay SA, Teijin Ltd, DuPont de Nemours Inc, Toray Industries Inc, Atlas Fibre, and Elaghmore Advisor LLP. These companies employ strategies such as expansion, product innovation, and mergers and acquisitions to remain competitive and provide innovative products to their customers.
Table of Contents
201 Pages
- 1. Introduction
- 1.1 Business Market Insights Research Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Market Insights
- 2.2 Market Attractiveness
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:
- 4. Eastern Europe Automotive Composites Market Landscape
- 4.1 Market Overview
- 4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
- 4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Manufacturers
- 4.3.3 Distributors/Suppliers
- 4.3.4 End Users
- 5. Eastern Europe Automotive Composites Market – Key Market Dynamics
- 5.1 Growth Drivers
- 5.1.1 Demand for Lightweight Materials
- 5.1.2 Rise of Electric and Hybrid Vehicles
- 5.1.3 Increased Demand for Durability and Performance
- 5.2 Market Opportunities
- 5.2.1 Growing Adoption of Lightweight Composites for Fuel Efficiency
- 5.2.2 Increased Use of Composites in Electric Vehicles
- 5.2.3 Development of Recyclable and Sustainable Composites
- 5.3 Future Trends
- 5.3.1 Increased Use of Carbon Fiber Composites
- 5.3.2 Advancements in Recycling and Sustainability
- 5.3.3 Integration of Smart Materials in Automotive Composites
- 5.4 Impact of Drivers and Restraints
- 6. Eastern Europe Automotive Composites Market Regional Analysis
- 6.1 Eastern Europe Automotive Composites Market Overview
- 6.2 Eastern Europe Automotive Composites Market Revenue 2021-2031 (US$ Million)
- 6.3 Eastern Europe Automotive Composites Market Forecast Analysis
- 7. Eastern Europe Automotive Composites Market Analysis – by Fiber Type
- 7.1 Glass Fiber Composites
- 7.1.1 Overview
- 7.1.2 Glass Fiber Composites: Eastern Europe Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 7.2 Carbon Fiber Composites
- 7.2.1 Overview
- 7.2.2 Carbon Fiber Composites: Eastern Europe Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 8. Eastern Europe Automotive Composites Market Analysis – by Resin Type
- 8.1 Thermoset
- 8.1.1 Overview
- 8.1.2 Thermoset: Eastern Europe Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 8.2 Thermoplastics
- 8.2.1 Overview
- 8.2.2 Thermoplastics: Eastern Europe Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 9. Eastern Europe Automotive Composites Market Analysis – by Technology
- 9.1 Pultrusion
- 9.1.1 Overview
- 9.1.2 Thermoplastics: Eastern Europe Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 9.2 Injection Molding
- 9.2.1 Overview
- 9.2.2 Thermoplastics: Eastern Europe Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 9.3 Compression Molding
- 9.3.1 Overview
- 9.3.2 Thermoplastics: Eastern Europe Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 10. Eastern Europe Automotive Composites Market – Eastern Europe Analysis
- 10.1 Eastern Europe
- 10.1.1 Eastern Europe Automotive Composites Market Breakdown, by Key Country, 2025 and 2031 (%)
- 10.1.1.1 Eastern Europe Automotive Composites Market – Revenue and Forecast Analysis – by Country
- 10.1.1.1 Russian Federation: Eastern Europe Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.1.1 Russian Federation: Eastern Europe Automotive Composites Market Breakdown, by Fiber Type
- 10.1.1.1.2 Russian Federation: Eastern Europe Automotive Composites Market Breakdown, by Resin Type
- 10.1.1.1.3 Russian Federation: Eastern Europe Automotive Composites Market Breakdown, by Technology
- 10.1.1.2 Turkey: Eastern Europe Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.2.1 Turkey: Eastern Europe Automotive Composites Market Breakdown, by Fiber Type
- 10.1.1.2.2 Turkey: Eastern Europe Automotive Composites Market Breakdown, by Resin Type
- 10.1.1.2.3 Turkey: Eastern Europe Automotive Composites Market Breakdown, by Technology
- 10.1.1.3 Poland: Eastern Europe Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.3.1 Poland: Eastern Europe Automotive Composites Market Breakdown, by Fiber Type
- 10.1.1.3.2 Poland: Eastern Europe Automotive Composites Market Breakdown, by Resin Type
- 10.1.1.3.3 Poland: Eastern Europe Automotive Composites Market Breakdown, by Technology
- 10.1.1.4 Ukraine: Eastern Europe Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.4.1 Ukraine: Eastern Europe Automotive Composites Market Breakdown, by Fiber Type
- 10.1.1.4.2 Ukraine: Eastern Europe Automotive Composites Market Breakdown, by Resin Type
- 10.1.1.4.3 Ukraine: Eastern Europe Automotive Composites Market Breakdown, by Technology
- 10.1.1.5 Romania: Eastern Europe Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.5.1 Romania: Eastern Europe Automotive Composites Market Breakdown, by Fiber Type
- 10.1.1.5.2 Romania: Eastern Europe Automotive Composites Market Breakdown, by Resin Type
- 10.1.1.5.3 Romania: Eastern Europe Automotive Composites Market Breakdown, by Technology
- 10.1.1.6 Greece: Eastern Europe Automotive Composites Market – Revenue and Forecast to 2031 (US$ Million)
- 10.1.1.6.1 Greece: Eastern Europe Automotive Composites Market Breakdown, by Fiber Type
- 10.1.1.6.2 Greece: Eastern Europe Automotive Composites Market Breakdown, by Resin Type
- 10.1.1.6.3 Greece: Eastern Europe Automotive Composites Market Breakdown, by Technology
- 11. Competitive Landscape
- 11.1 Heat Map Analysis
- 11.2 Company Positioning and Concentration
- 12. Eastern Europe Automotive Composites Market Industry Landscape
- 12.1 Overview
- 12.2 Mergers and Acquisitions
- 12.3 Agreements, Collaborations, and Joint Ventures
- 12.4 New Product Launches
- 12.5 Expansions and Other Strategic Developments
- 13. Company Profiles
- 13.1 Gurit Holdings AG
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 Hexcel Corp
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 Mitsubhishi Chemical Group
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 SGL Carbon SE
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 Solvay SA
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 Teijin Ltd
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 DuPont de Numours Inc
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
- 13.8 Toray Industries
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
- 13.9 Atlas Fibre
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
- 13.10 Elaghmore Advisor LLP
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
- 14. Appendix
- 14.1 About Business Market Insights
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