Global Epoxy Composite Market Size By Fiber Type (Carbon, Glass), By End-User (Aerospace And Defense, Wind Energy, Automotive And Transportation), By Geographic Scope And Forecast

Epoxy Composite Market Size And Forecast

Epoxy Composite Market size was valued at USD 32.3 Billion in 2022 and is projected to reach USD 47 Billion by 2030, growing at a CAGR of 6% from 2024 to 2030.

The market is anticipated to be driven by the quick replacement of traditional materials in automotive and aerospace applications in the upcoming years. The global pandemic had a significant reverse impact on the world economy. The Global Epoxy Composite Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Epoxy Composite Market Definition

A material known as epoxy composite uses epoxy resin to build a polymer matrix that is strengthened with fibers or other fillers to produce long-lasting components with high strength-to-weight ratios. Epoxy composites are frequently made using a variety of techniques, such as compression, filament winding, injection resin molding, and hand layup. Epoxy composite is more lightweight, flexible, and economical than traditional building materials like metal and concrete. It also displays good adhesion and exceptional ultraviolet (UV) radiation, chemical, and heat resistant qualities. The item is thereby shielded against degradation, leading to its widespread use in several industrial applications. The most common varieties of epoxy composite are made of glass and carbon fiber.

Global Epoxy Composite Market Overview

Due to their enhanced mechanical properties, high adhesiveness, heat and solvent resistance, and low cost, epoxy composites are widely used in load-bearing applications, such as the automotive, aerospace, oil and gas, and construction industries. Epoxy composites also have a number of advantageous qualities, including lightweight, fatigue resistance, and a lack of shrinkage after cooling. For these reasons, epoxy composites are routinely mixed with carbon and glass fiber to create wind blades. As a result, there has been a rising need for epoxy composites in the wind energy sector, which is functioning as another growth-inducing driver for making and coating components.

Accordingly, substantial technical developments and the launch of a number of efficient and cost-effective production options for the mass production of epoxy composites contribute to market expansion. In addition, continued expenditures in research and development (R&D) operations for generating adaptable epoxy resin can be used as a significant component to build both air and watercraft. Strategic partnerships among key players are fostering a favorable outlook for the market.

Global Epoxy Composite Market Segmentation Analysis

The Global Epoxy Composite Market is Segmented on the basis of Fiber Type, End-Use, and Geography.

Epoxy Composite Market, By Fiber Type

• Carbon
• Glass

Based on Fiber Type, The market is segmented into carbon and glass. The glass segment is anticipated to acquire a critical share of the market due to the rising applications in the marine and automobile sectors. This fiber is cost-effective, and that’s why it is being used widely.

Epoxy Composite Market, By End-User

• Aerospace and Defense
• Wind Energy
• Automotive &Transportation
• Electrical and Electronics
• Sports and consumer goods
• Others

Based on End-User, The market is segmented into Aerospace and defense, wind energy, automotive & transportation, electrical and electronics, sports and consumer goods, and others. The market is led by the automotive and transportation segment owing to the qualities such as high durability and low weight, which is great for automotive applications.

Epoxy Composite Market, By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

On the basis of Regional Analysis, the Global Epoxy Composite Market is classified into Asia Pacific, North America, the Middle East, Europe, and Latin America. Asia Pacific is anticipated to have a high growth rate in the forecast period. The region showcases high growth opportunities due to increased aircraft production, automobile production, and rising electronics consumption.

Key Players

The “Global Epoxy Composite Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Toray Industries, Teijin, Hexcel Corp, Huntsman Corp, SGL Carbon, Arkema, Solvay, Olin, Avient, and Park Aerospace.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Key Developments

• In September 2020, Sumitomo Bakelite Co., Ltd. created a novel low-dielectric epoxy composite material for high-frequency applications.
•  In January 2021, Kreps LLC, a top American producer of reinforcing fiber composite systems, was purchased by Sika AG. Sika’s position in the epoxy composite industry is anticipated to be strengthened by this acquisition, giving its clients more options.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Epoxy Composite Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Epoxy Composite Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

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Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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