0
2020
Epoxy Composite Market

Epoxy Composite Market

by Fiber Type (Glass, Carbon, and Others) and End-Use Industry (Aerospace & Defense, Automotive, Electrical & Electronics, Wind Energy, Sporting Goods, Marine, Piping, and Others): Global Opportunity Analysis and Industry Forecast 2020-2027
Update Available On-Demand

Report Code: A06628
Pages: 293
Jul 2020 | 4642 Views
Author(s) : Snehal M , Eswara P
Tables: 165
Charts: 70
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Epoxy Composite Market

Request Now !

Epoxy Composite Market Outlook - 2027

The global epoxy composite market size was valued at $16.4 billion in 2019, and is projected to reach $24.2 billion by 2027, growing at a CAGR of 5.1% from 2020 to 2027.

Composite materials are formed by combining a resin matrix system such as epoxy with a reinforcing fiber. The mixture of fiber and resin has superior properties, and is increasingly being used as replacement for comparatively heavy metal materials. The fiber bears much of the load in a composite material, and is the main contributor to the properties of the composite material. The resin allows moving load between fibers, preventing buckling and holding the materials together.

Epoxy-Composite-Market-2020-2027

Epoxy composite is used in a wide variety of end-use industries, including aerospace & defense, solar, industrial, marine, and pipes & tanks. Additionally, the rapid expansion of epoxy composite from various industries, including electricity & electronics and marine, is another predicted factor to support expansion in target market revenues during the forecast period. Various advantages offered by these products, such as UV resistance, excellent adhesion, chemical resistance, and heat resistance, are the key factors that drive the adoption of the epoxy composite. Furthermore, increase in demand for lightweight, high mechanical strength, and corrosion resistant material and rise in calling firm emerging economies are additional factors drive the demand for epoxy resin, which in turn stimulate the market expansion during the forecast period. Moreover, rise in need for lightweight materials in the automotive and aerospace industries is predicted to stimulate worldwide demand for epoxy composite due to its low weight and strength ratio.

The global epoxy composite market is segmented on the basis of fiber type, end-use industry, and region. By fiber type, the market is classified into glass, carbon, and others (natural fiber and aramid fiber). According to end-use industry, it is divided into aerospace & defense, automotive, electrical & electronics, wind energy, sporting goods, marine, piping, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the key players operating in the global epoxy composite market are Barrday Inc., Bhor Chemicals and Plastics Private Limited, Cytec Solvay Group, Hexcel Corporation, Mitsubishi Chemical Corporation, Park Aerospace Corp., Sabanc? Holding, SGL Carbon SE, Teijin Limited, and Toray Industries Inc.

Global Epoxy Composite Market, by Fiber Type

By fiber type, glass fiber-based epoxy composites have greater adaptability to produce, high longevity and a high strength-to-weight ratio. The composites are therefore increasingly used in industries such as shipping, pipe & tank, wind energy, marine, oil & gas, and electrical & electronics industries, among others.

Epoxy Composite Market
By Fiber

Your browser does not support the canvas element.

Glass is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Global Epoxy Composite Market, by End-Use Industry

By end-use industry, the use of epoxy composites is expected to increase in the automotive end-use sector in the near future. Increase in demand in the automotive sector for high-quality composite materials is expected to create direct investments in developing new manufacturing technologies.

Epoxy Composite Market
By End-use Industry

Your browser does not support the canvas element.

Automotive is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Global Epoxy Composite Market, by Region

By region, Asia-Pacific dominated the epoxy composite market, globally, due to the presence of growing automotive & transportation, wind energy, and aerospace & defense industries in the region. In addition, the presence of large manufacturers of epoxy composites, growing economy, and rapid urbanization in the area are expected to drive the use of epoxy composites in the building, electrical & electronics, pipe & tank, and marine industries. Therefore, high growth in those end-use industries is expected to fuel the region's demand for epoxy resin.

Epoxy Composite Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.

Get more information on this report : Request Sample Pages

Key Benefits For Stakeholders

  • The report provides an in-depth analysis of the epoxy composite market forecast along with the current and future market trends.
  • This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
  • Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the global epoxy composite industry for strategy building.
  • A comprehensive epoxy composite market analysis covers factors that drive and restrain market growth.
  • The qualitative data in this report aims on market dynamics, trends, and developments.

Impact Of Covid-19 On The Global Epoxy Composite Market

  • The demand-supply gap, disruptions in raw material procurement, price volatility, and many other factors are expected to hamper the growth of the chemical industry during the COVID-19 pandemic.
  • Epoxy composite are primarily used in manufacturing, aerospace & defense, automotive, and wind energy; and as a reaction to the national lockdown, these sectors were experiencing a sudden decline in growth rates.
  • The COVID-19 crisis has affected the chemical industry supply chain to a major extent; thus, having a major impact on raw material procurement.
  • The above factors have impacted the growth of the epoxy composite market.

Epoxy Composite Market Report Highlights

Aspects Details
By Fiber Type
  • Glass
  • Carbon
  • Others
  • Natural Fiber
  • Aramid Fiber
By End Use Industry
  • Aerospace & Defense
  • Automotive
  • Electrical & Electronics
  • Wind Energy
  • Sporting Goods
  • Marine
  • Piping
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players BARRDAY INC., BHOR CHEMICAL AND PLASTIC PVT. LTD., CYTEC SOLVAY GROUP, HEXCEL CORPORATION, MITSUBISHI CHEMICAL CORPORATION, PARK AEROSPACE CORP., SABANCI HOLDING, SGL CARBON SE, TEIJIN LIMITED, TORAY INDUSTRIES INC.
 

Loading Table Of Content...


 
 

As per the CXOs of the leading companies, the global epoxy composite market is moving toward growth stabilization phase in its industry life cycle. Growth in demand from automotive, aerospace & defense, and wind energy sectors and low investment cost of glass fiber among other composites are the factors that drive the global epoxy composite market. Glass fiber composites are rapidly used in applications such as water, oil & gas, pipe & tank, electrical & electronics, and the marine industries, among others. In addition, automotive is the largest revenue-generating segment for epoxy composite and is expected to maintain its dominance during the forecast period. Furthermore, Asia-Pacific is one of the major contributors to the global epoxy composite market. Rapidly flourishing urbanization and modern infrastructure coupled with increasing investments in high-end products for the defense sector in emerging economies such as India and China boost the growth of epoxy composite market in the region.

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. Factors such as rise in demand for lightweight materials in the automotive and aviation industries are expected to drive the growth of the global epoxy composite market .

A. The global epoxy composite market anticipated to grow at CAGR of 5.1% during the forecast period.

A. Some of the key trend observed in the global epoxy composite market is increasing automotive and aviation industries to dominate the market.

A. Asia Pacific regions is expected to provide lucrative growth opportunities to the global epoxy composite market .

A. New product launches, business expansions, and acquisition are the major growth strategies adopted by the players in this market.

A. The market players are adopting various growth strategies and also investing in R&D extensively to develop technically advanced unique products which are expected to drive the market size.

A. Glass Fiber is the largest segment in the global epoxy composite market .

A. Major customer of the epoxy composite are from aerospace & defense, automotive, electrical & electronics, wind energy, sporting goods, and marine sector are the key potential consumers in the epoxy composite market .

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Epoxy Composite Market

Start reading instantly.
This Report and over 19,320+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Jul 2021 - Jul 2022)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2021 - Jul 2022)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2021 - Jul 2022)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2021 - Jul 2022)
  • Enterprise
    License/PDF

  • $10,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2021 - Jul 2022)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers