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

Report ID: 344259|No. of Pages: 202

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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

Report ID: 344259|Published Date: Jan 2024|No. of Pages: 202|Base Year for Estimate: 2022|Format:   Report available in PDF formatReport available in Excel Format

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.

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Epoxy Composite Market is estimated to grow at a CAGR of 6% & reach US$ 47 Bn by the end of 2030

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.

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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 Segmentation Analysis

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

Epoxy Composite Market Key Developments And Mergers

  • 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.

Ace Matrix Analysis of Epoxy Composite Market

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.

Geographical Representation of Epoxy Composite Market

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.

Porter\'s Five Forces Framework of Epoxy Composite Market

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2019-2030

BASE YEAR

2022

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2019-2021

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Toray Industries, Teijin, Hexcel Corp, Huntsman Corp, SGL Carbon, Arkema, Solvay, Olin, Avient, and Park Aerospace.

SEGMENTS COVERED
  • By Fiber Type
  • By End-User
  • By Geography
CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

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Research Methodology of Verified Market Research:

Research Methodology of VMR

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.

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

Customization of the Report

• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.

Frequently Asked Questions

Epoxy Composite Market 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 major players are Toray Industries, Teijin, Hexcel Corp, Huntsman Corp, SGL Carbon, Arkema, Solvay, Olin, Avient, and Park Aerospace.

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

The sample report for the Epoxy Composite Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
1 INTRODUCTION OF THE GLOBAL EPOXY COMPOSITE MARKET 1.1 Overview of the Market 1.2 Scope of Report 1.3 Assumptions 2 EXECUTIVE SUMMARY 3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH 3.1 Data Mining 3.2 Validation 3.3 Primary Interviews 3.4 List of Data Sources 4 GLOBAL EPOXY COMPOSITE MARKET OUTLOOK 4.1 Overview 4.2 Market Dynamics 4.2.1 Drivers 4.2.2 Restraints 4.2.3 Opportunities 4.3 Porter’s Five Force Model 4.4 Value Chain Analysis 5 GLOBAL EPOXY COMPOSITE MARKET, BY FIBER TYPE 5.1 Overview 5.2 Carbon 5.3 Glass 6 GLOBAL EPOXY COMPOSITE MARKET, BY END-USER 6.1 Overview 6.2 Aerospace & Defense 6.3 Wind Energy 6.4 Automotive & Transportation 6.5 Electricals and Electronics 6.6 Sports and Consumer Goods 7 GLOBAL EPOXY COMPOSITE MARKET, BY GEOGRAPHY 7.1 Overview 7.2 North America 7.2.1 The U.S. 7.2.2 Canada 7.2.3 Mexico 7.3 Europe 7.3.1 Germany 7.3.2 The U.K. 7.3.3 France 7.3.4 Italy 7.3.5 Spain 7.3.6 Rest of Europe 7.4 Asia Pacific 7.4.1 China 7.4.2 Japan 7.4.3 India 7.4.4 Rest of Asia Pacific 7.5 Latin America 7.5.1 Brazil 7.5.2 Argentina 7.5.3 Rest of LATAM 7.6 Middle East and Africa 7.6.1 UAE 7.6.2 Saudi Arabia 7.6.3 South Africa 7.6.4 Rest of the Middle East and Africa 8 GLOBAL EPOXY COMPOSITE MARKET COMPETITIVE LANDSCAPE 8.1 Overview 8.2 Company Market Ranking 8.3 Key Development Strategies 8.4 Company Regional Footprint 8.5 Company Industry Footprint 8.6 ACE Matrix 9 COMPANY PROFILES 9.1 Toray Industries 9.1.1 Company Overview 9.1.2 Company Insights 9.1.3 Business Breakdown 9.1.4 Product Benchmarking 9.1.5 Key Developments 9.1.6 Winning Imperatives 9.1.7 Current Focus & Strategies 9.1.8 Threat from Competition 9.1.9 SWOT Analysis 9.2 Teijin 9.2.1 Company Overview 9.2.2 Company Insights 9.2.3 Business Breakdown 9.2.4 Product Benchmarking 9.2.5 Key Developments 9.2.6 Winning Imperatives 9.2.7 Current Focus & Strategies 9.2.8 Threat from Competition 9.2.9 SWOT Analysis 9.3 Hexcel Corp 9.3.1 Company Overview 9.3.2 Company Insights 9.3.3 Business Breakdown 9.3.4 Product Benchmarking 9.3.5 Key Developments 9.3.6 Winning Imperatives 9.3.7 Current Focus & Strategies 9.3.8 Threat from Competition 9.3.9 SWOT Analysis 9.4 Huntsman Corporation 9.4.1 Company Overview 9.4.2 Company Insights 9.4.3 Business Breakdown 9.4.4 Product Benchmarking 9.4.5 Key Developments 9.4.6 Winning Imperatives 9.4.7 Current Focus & Strategies 9.4.8 Threat from Competition 9.4.9 SWOT Analysis 9.5 SGL Carbon 9.5.1 Company Overview 9.5.2 Company Insights 9.5.3 Business Breakdown 9.5.4 Product Benchmarking 9.5.5 Key Developments 9.5.6 Winning Imperatives 9.5.7 Current Focus & Strategies 9.5.8 Threat from Competition 9.5.9 SWOT Analysis 9.6 Arkema 9.6.1 Overview 9.6.2 Financial Performance 9.6.3 Product Outlook 9.6.4 Key Developments 9.6.5 Winning Imperatives 9.6.6 Current Focus & Strategies 9.6.7 Threat from Competition 9.6.8 SWOT Analysis 9.6.9 SWOT Analysis 9.7 Solvay 9.7.1 Overview 9.7.2 Financial Performance 9.7.3 Product Outlook 9.7.4 Key Developments 9.7.5 Winning Imperatives 9.7.6 Current Focus & Strategies 9.7.7 Threat from Competition 9.7.8 SWOT Analysis 9.7.9 SWOT Analysis 9.8 Olin 9.8.1 Overview 9.8.2 Financial Performance 9.8.3 Product Outlook 9.8.4 Key Developments 9.8.5 Winning Imperatives 9.8.6 Current Focus & Strategies 9.8.7 Threat from Competition 9.8.8 SWOT Analysis 9.8.9 SWOT Analysis 9.9 Avient 9.9.1 Overview 9.9.2 Financial Performance 9.9.3 Product Outlook 9.9.4 Key Developments 9.9.5 Winning Imperatives 9.9.6 Current Focus & Strategies 9.9.7 Threat from Competition 9.9.8 SWOT Analysis 9.9.9 SWOT Analysis 9.10 Park Aerospace 9.10.1 Overview 9.10.2 Financial Performance 9.10.3 Product Outlook 9.10.4 Key Developments 9.10.5 Winning Imperatives 9.10.6 Current Focus & Strategies 9.10.7 Threat from Competition 9.10.8 SWOT Analysis 9.10.9 SWOT Analysis 10 KEY DEVELOPMENTS 10.1 Product Launches/Developments 10.2 Mergers and Acquisitions 10.3 Business Expansions 10.4 Partnerships and Collaborations 11 Appendix Related Research

Report Research Methodology

Research methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.

This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.

We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

Exploratory data mining

Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.

All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

expert data mining

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

data visualiztion model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
  • End consumers

The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Epoxy Composite Market

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