Global Epoxy Composites Market, By Fiber Type (Glass Fiber, Carbon Fiber, Others), Manufacturing Process (Layup Process, Compression Molding Process, Resin Injection Molding Process, Resin Transfer Molding Process, Filament Winding Process, Pultrusion Process), End User (Wind Energy, Aerospace and Defense, Sporting Goods, Automotive and Transportation, Electrical and Electronics, Pipe and Tank, Marine, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Epoxy Composites Market Analysis and Insights
Epoxy composites market is expected to grow at a compound annual growth rate of 9.10% for the forecast period of 2021 to 2028. Data Bridge Market Research report on epoxy composites market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Epoxy composites are the type of advance level of composite material that are lighter in weight and oppose corrosion and are also flexible in nature and dent-resistant. It is generally produced from a woven glass fabric and non-woven glass core which are a mixture of epoxy synthetic resin.
The increasing need for material with high mechanical strength, lightweight and resistance against corrosion has highly influenced growth of the epoxy composites market. In line with this, the emerging demand from developing countries is also acting as a key determinant favoring the growth of the epoxy composites market over the forecast period of 2021 to 2028. Also the rapid increases in application of epoxy composite in the wind energy industry and high demand for epoxy composites from the automotive sector are also positively impacting the growth of the epoxy composites market. The major factor accountable for the growth of the market is the increasing demands for composite materials in applications such as electrical and electronics and sporting and consumer goods.
However, the high volatility in raw material prices as well as the various issues related to remouldability and recyclability and rising popularity of alternative resins may act as key restraint towards epoxy composites market growth rate in the forecast period of 2021 to 2028, whereas the high cost of raw material and research and development activities have the potential to challenge the growth of the epoxy composites market in the above mentioned forecast period.
Furthermore, the high adoption of low cost production technologies as well as the increasing wind energy industry in developing economies will further offer a variety of growth opportunities for the epoxy composites market in the above mentioned forecast period.
This epoxy composites market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on epoxy composites market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Epoxy Composites Market Scope and Market Size
Epoxy composites market is segmented on the basis of fiber type, manufacturing process and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of fiber type, the epoxy composites market is segmented into glass fiber, carbon fiber and others.
- On the basis of manufacturing type, the epoxy composites market is segmented into layup process, compression molding process, resin injection molding process, resin transfer molding process, filament winding process and pultrusion process.
- The end user segment for epoxy composites market is segmented into wind energy, aerospace and defense, sporting goods, automotive and transportation, electrical and electronics, pipe and tank, marine and others.
Epoxy Composites Market Country Level Analysis
Epoxy composites market is analyzed and market size, volume information is provided by country, fiber type, manufacturing process and end user as referenced above.
The countries covered in the epoxy composites market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the epoxy composites market because of the rapidly increasing wind energy sector in economies such as China and India within this particular region. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to increasing demand for lightweight materials, such as epoxy composites, mainly in fuel-efficient automotive designs, due to the implementation of stringent environmental regulations in the region.
The country section of the epoxy composites market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Epoxy composites Market Share Analysis
Epoxy composites market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to epoxy composites market.
The major players covered in the epoxy composites market report are Huntsman International LLC., Solvay, Owens Corning, Hexcel Corporation, Rotec Composite Group B.V., ISOSPORT Verbundbauteile GmbH, Axiom Materials, Inc., Scott Bader Company Ltd., Gurit, SGL Carbon, Sumitomo Bakelite Co., Ltd., SpecialChem, Barrday Inc., IDI Composites International, Mitsubishi Chemical Corporation, Avient, TORAY INDUSTRIES, INC., Arkema, Teijin Carbon Europe GmbH, and TPI Composites among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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