Benelux Automotive Polymer Composites Market Outlook

the automotive industry in the benelux region is predominantly driven by automotive polymer composites due to their lightweight properties, superior strength and superior durability. the automotive polymer composites market is expected to experience significant growth from 2018 to 2032 on account of stringent emission norms associated with fuel and emissions control, increasing adoption of stringent comfort and safety requirements, and growing demand for fuel-efficient vehicles. in terms of the material composition, the benelux automotive polymer composites market is segmented into thermoplastics, thermosets, and thermoplastic elastomers. among these, thermoplastics held the largest share in 2018 and is projected to remain dominant all the way through 2032. the growth is largely due to their superior strength, ability to recycle easily, and low-cost manufacturing process. looking at regional developments, the benelux automotive polymer composites market in 2017 was dominated by belgium, with a share of around 55%. the country is the largest producer of automotive components in the region and is home to several automotive majors, such as audi, daf, volkswagen, mercedes-benz, and renault. the presence of a wide variety of applied automotive polymer composites in the automotive industry of the country has attracted a majority of global market players. governments in the benelux countries have been pushing for stricter emission norms and energy conservation targets in order to meet the changed market regulations. in line with this, numerous automotive polymer composite manufacturers are increasingly focusing on developing and producing lightweight and cost-effective automotive plastic materials that improve the fuel efficiency of the vehicles. the netherlands, in particular, has put in place generous incentives for businesses to encourage the adoption of green technologies. this has resulted in a significant surge in the demand for automotive polymer composites in the country over the last few years. moreover, the automotive sector in benelux countries is expected to shift towards a hybrid model in the coming years, with the adoption of advanced automotive polymer composites in both electric and petrol/diesel based vehicles. this shift is expected to further drive the automotive polymer composites market in the region. with the development of new technologies, manufacturers are likely to take advantage of these innovations in order to stay ahead in the automotive industry. this trend is expected to continue in the benelux automotive polymer composites market in 2032.