Global Epoxy Composites Market is projected to register a healthy CAGR of 8.6% in the forecast period of 2019 to 2026. The new market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
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Driver: Global Epoxy Composites Market
- Increasing demand of high mechanical strength and lightweight material
Restraint
- Limited recyclability of epoxy composites
Opportunity
- Adoption of low cost production techniques
Challenge
- Low demand of paper fiber to create hurdles for manufacturers
Market Trends:
Global epoxy composites market is segmented into four notable segments which are type, resin type, manufacturing process and end-user.
- On the basis of type, the market is segmented into glass fiber, cotton fiber and paper fiber. In 2019, glass fiber segment is expected to dominate the global epoxy composites market.
- On the basis of resin type, the market is segmented into epoxy resin, phenolic resin and melamine resin
- On the basis of manufacturing process, the market is segmented into lay-up, compression molding, resin injection, resin transfer molding, filament winding and pultrusion
- On the basis of end-user, the market is segmented into aerospace & defence, automotive & transportation, marine and oil & gas, wind energy, sporting & consumer goods, electrical & electronics, construction and others
Major Players: Global Epoxy Composites Market
Some of the major players operating in this market are Huntsman International LLC., Solvay, Owens Corning, Hexcel Corporation, Rotec Composite Group B.V., ISOSPORT composite components GmbH, Scott Bader Company Ltd., Gurit, SGL Carbon, Sumitomo Bakelite Co., Ltd., IDI Composites International, Mitsubishi Chemical Holdings Corporation, TORAY INDUSTRIES, INC., TEIJIN LIMITED, and TPI Composites.