Epoxy Composite Market Share, Size, Trends, and Forecast by 2031

MARKET INTRODUCTION

Epoxy composites are defined as an advance level of composite material that is lighter in weight and resistant to corrosion, flexible in nature, and also dent-resistant. It is mainly produced from a woven glass fabric and non-woven glass core, which are a combination of synthetic epoxy resin. The demand for epoxy resins is growing in the wind energy sector as it helps in increasing the life of the wind rotor blades and protects them from adverse weather conditions. In addition to that, epoxy composite offers excellent adhesion, chemical resistance, heat resistance, UV resistance, outstanding electrical insulating, and good mechanical properties. It is mainly available into two types, such as carbon epoxy composite and glass epoxy composite. Epoxy composites are used in a wide range of end-use industries, including aerospace & defense, wind energy, automotive & transport, electrical & electronics, pipe & tank, marine activities, and sporting goods.

MARKET DYNAMICS

The epoxy composite market has witnessed a significant growth owing to factors such as wider application in end-use industries, including aerospace & defense, wind energy, automotive & transport, electrical & electronics, pipe & tank, marine activities, and sporting goods. Various advantages offered by these composite materials such as excellent adhesion, chemical resistance, UV resistance, and heat resistance is key factor projected to propel the adoption of epoxy composite, which in turn is expected to drive the growth of the target market over the forecast period. However, fluctuating prices of raw materials may hamper the growth of the epoxy composite market during the forecast period. Nevertheless, with the steady growth in the chemicals and composites industry, there are opportunities for the market players to invest in this market.

MARKET SCOPE

The "Global Epoxy Composite Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the epoxy composite market with detailed market segmentation by fiber type, manufacturing process, end-use industry, and geography. The global epoxy composite market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading epoxy composite market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global epoxy composite market is segmented on the basis of fiber type, manufacturing process, and end-use industry. On the basis of fiber type, the epoxy composite market is segmented into glass, carbon. The epoxy composite market on the basis of the manufacturing process is classified into lay-up, compression molding, resin injection, resin transfer molding, filament winding, and pultrusion. On the basis of end-use industry, global epoxy composite market is bifurcated into wind energy, aerospace & defense, automotive & transportation, sporting goods, electrical & electronics, pipe & tank, marine, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global epoxy composite market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The epoxy composite market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the epoxy composite market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the epoxy composite market in these regions.

MARKET PLAYERS

The reports cover various key developments in the global epoxy composite market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from epoxy composite market are anticipated to lucrative growth opportunities in the future with the rising demand for epoxy composite in the global market. Below mentioned is the list of few companies engaged in the epoxy composite market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the epoxy composite market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Axiom Materials
  
•  Cytec Solvay Group
  
•  Gurit Holding AG
  
•  Hexcel Corporation
  
•  Mitsubishi Rayon Co., Ltd.
  
•  Park Electrochemical Corporation
  
•  Royal Tencate N.V.
  
•  SGL Group
  
•  Teijin Limited
  
•  Toray Industries Inc.
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Epoxy Composite Report Scope