Epoxy Composite Market Research Report- Forecast to 2027

Epoxy Composite Market Information - by Type (Glass, Carbon), End User (Automotive, Transportation, Aerospace & Defense, Sporting Goods, Electronics Industry, Construction Industries, and Others) and Region Forecast till 2027

ID: MRFR/CnM/2105-HCR | February 2021 | Region: Global | 140 pages

Epoxy Composite Market Overview:


The Epoxy Composite Market is expected to witness a significant growth of USD ~ 38.19466 billion by 2023 with CAGR of ~7.4% between 2016 and 2023.


Epoxies composite are best known for their excellent adhesion, UV, chemical and heat resistance, good mechanical properties, and outstanding electrical insulating properties. It is formed into two types i.e. glass epoxy composite and carbon epoxy composite. Among these type of epoxy composites, glass fiber-based epoxy composite is considered to be a best reinforcement because of its excellent mechanical, electrical and thermal features.


Epoxy composite has found in various end user industry such as automotive, transportation, aerospace & defense, sporting goods, electronics industry, construction industries, and others. Increasing in demand of automotive, transportation and aerospace & defense is likely to drive the epoxy composite market growth. The growing automotive and transportation industry on account of developing domestic as well as commercial market particularly in Asia-Pacific and North America has boosted the global epoxy composite market over the forecasted period. 

Key Players



  • Axiom Materials, Inc. (US)

  • Hexcel Corporation (US)

  • Cytec Solvay Group (Belgium)

  • Koninklijke Ten Cate nv. (Netherlands)

  • Teijin Limited (Japan)

  • Toray Industries, INC. (Japan)

  • Mitsubishi Rayon Co. Ltd. (Japan)

  • Rotec Composite Group B.V. (Netherlands)

  • SGL Group (Germany)

  • Gordon Composites, Inc. (US)

  • Global Epoxy Composite Market (2016-2023) (USD Billion)


Global Epoxy Composite Market (2016-2023) (USD Billion)  


Source: MRFR Report


Regional Analysis


Asia Pacific is the largest market of epoxy composite due to demand in various applications such as automotive, transportation and aerospace & defense in China region followed by Japan, and India. Increasing demand for automotive, aerospace and construction industry in the India, Japan and South Korea has made Asia Pacific largest consumer of the global epoxy composite market followed by increasing in the consumption of epoxy composite market in North America region. The third largest market of epoxy composite is Europe. Latin America and Middle East also witnessed in growth of epoxy composite market due to various end user industry such as electronics industry, construction industries, and others.


Segmentation


The global epoxy composite market is majorly segmented on the basis of types, end users and region. Based on types of epoxy composite the market is segmented into glass epoxy composite and carbon epoxy composite. Based on end user the market segmented into automotive, transportation, aerospace & defense, sporting goods, electronics industry, construction industries, and others (Wind power industry, Oil & Gas, Marine). Based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.


Geographic Analysis 


The report covers brief analysis of geographical region such as:


North America

  • US

  • Canada


Europe

  • Germany

  • France

  • Italy

  • Netherlands

  • U.K.

  • Rest of Europe


APAC

  • China

  • India

  • Japan

  • Rest of Asia-Pacific


RoW

  • South America

  • Middle East

  • Africa


The report about Global Epoxy Composite Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.

Study Objectives of
Epoxy Composite  Market:



  • To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the global epoxy composite market

  • To understand the supply and demand dynamics including supply and consumption concentration mapping

  • To provide region level market analysis and future outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries

  • To provide competitor positioning of the market

  • To provide company profiling of major players in the market along with their production and capacity

  • To provide regional trade analysis

  • To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market


Industry/ Innovation/ Related News:

July 22, 2019 - Aditya Birla Chemicals India Ltd. (India), a leading global chemical manufacturer, announced the acquisition of Recyclamine technology from Connora Technologies, Inc. (the US). Connora Technologies is a next-generation chemical company, and the Recyclamine technology enables end-of-life recyclability and zero-waste manufacturing to global epoxy customers.

This acquisition reaffirms the Company’s commitment to an advanced materials player to offer sustainable and unique solutions. Recyclamine is revolutionary for the epoxy & composites industries, which will enable the manufacturing of recyclable products.

Intended Audience



  • Epoxy Composite manufacturers

  • Traders and distributors of Epoxy Composite

  • Production Process industries

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2023: USD 38.19466 Billion
  • 2027: Significant Value
  •   CAGR   7.4% (2016-2023)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Type and End Users
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Axiom Materials, Inc. (US), Hexcel Corporation (US), Cytec Solvay Group (Belgium), Koninklijke Ten Cate nv. (Netherlands), Teijin Limited (Japan), Toray Industries, INC. (Japan), Mitsubishi Rayon Co. Ltd. (Japan), Rotec Composite Group B.V. (Netherlands), SGL Group (Germany), Gordon Composites, Inc. (US)
      Key Market Opportunities   rising demand of vehicles and commercial aircrafts from emerging economies
      Key Market Drivers   Growing construction activities


    Frequently Asked Questions (FAQ) :


    The global epoxy composites market is expected to reach a valuation of USD 38.19 billion by 2023.

    The epoxy composites market is expected to exhibit a strong 7.4% CAGR over the forecast period from 2016 to 2023.

    Glass epoxy composites hold the largest share in the global epoxy composites market.

    Leading end-use industries for epoxy composites include automotive and transportation, aerospace and defense, sporting goods, construction, and electronics.

    Leading players in the global epoxy composites market include Gordon Composites Inc., Toray Industries Inc., Hexcel Corporation, Axiom Materials Inc., Cytec Solvay Group, SGL Group, and Teijin Limited.

    TABLE OF CONTENTS

    1 Executive Summary

    2 Scope of The Report

    2.1 Market Definition

    2.2 Scope of The Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Secondary Research

    3.3 Primary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Five Forces Analysis

    4.1.1 Threat of New Entrants

    4.1.2 Bargaining power of buyers

    4.1.3 Threat of substitutes

    4.1.4 Segment rivalry

    4.2 Value Chain/Supply Chain of Global Epoxy Composites Market

    5 Industry Overview of Global Epoxy Composites Market

    5.1 Introduction

    5.2 Growth Drivers

    5.3 Impact analysis

    5.4 Market Challenges

    5.5 Impact analysis

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact analysis

    7. Global Epoxy Composites Market by Region

    8. Global Epoxy Composites Market by Type (Glass, Carbon)

    9. Global Epoxy Composites Market by End User (Automotive, Transportation, Aerospace & Defense, Sporting Goods, Electronics Industry, Construction Industries, and Others)

    10. Company Profiles

    10.1 Axiom Materials, Inc.

    10.1.1 Company Overview

    10.1.2 Product/Business Segment Overview

    10.1.3 Financial Updates

    10.1.4 Key Developments

    10.2 Hexcel Corporation

    10.2.1 Company Overview

    10.2.2 Product/Business Segment Overview

    10.2.3 Financial Updates

    10.2.4 Key Developments

    10.3 Cytec Solvay Group

    10.3.1 Company Overview

    10.3.2 Product/Business Segment Overview

    10.3.3 Financial Updates

    10.3.4 Key Developments

    10.4 Koninklijke Ten Cate nv.

    10.4.1 Company Overview

    10.4.2 Product/Business Segment Overview

    10.4.3 Financial Updates

    10.4.4 Key Developments

    10.5 Teijin Limited

    10.5.1 Company Overview

    10.5.2 Product/Business Segment Overview

    10.5.3 Financial Updates

    10.5.4 Key Developments

    10.6 Toray Industries, INC.

    10.6.1 Company Overview

    10.6.2 Product/Business Segment Overview

    10.6.3 Financial Updates

    10.6.4 Key Developments

    10.7 Mitsubishi Rayon Co. Ltd.

    10.7.1 Company Overview

    10.7.2 Product/Business Segment Overview

    10.7.3 Financial Updates

    10.7.4 Key Developments

    10.8 Rotec Composite Group B.V.

    10.8.1 Company Overview

    10.8.2 Product/Business Segment Overview

    10.8.3 Financial Updates

    10.8.4 Key Developments

    10.9 SGL Group

    10.9.1 Company Overview

    10.9.2 Product/Business Segment Overview

    10.9.3 Financial Updates

    10.9.4 Key Developments

    10.10 Gordon Composites, Inc.

    10.10.1 Company Overview

    10.10.2 Product/Business Segment Overview

    10.10.3 Financial Updates

    10.10.4 Key Developments

    11 Competitive landscape

    12 Conclusion

    LIST OF TABLES

    Table 1 World Population by Major Regions (2020-2027) (Billion)

    Table 2 Global Epoxy Composites Market: By Region, 2020-2027 (USD Billion)

    Table 3 North America Epoxy Composites Market: By Country, 2020-2027 (USD Billion)

    Table 4 Europe Epoxy Composites Market: By Country, 2020-2027 (USD Billion)

    Table 5 Asia-Pacific Epoxy Composites Market: By Country, 2020-2027 (USD Billion)

    Table 6 RoW Epoxy Composites Market: By Country, 2020-2027 (USD Billion)

    Table 7 Global Epoxy Composites by End User Market: By Regions, 2020-2027 (USD Billion)

    Table 8 North America Epoxy Composites by End User Market: By Country, 2020-2027 (USD Billion)

    Table 9 Europe Epoxy Composites by End User Market: By Country, 2020-2027 (USD Billion)

    Table10 Asia-Pacific Epoxy Composites by End User Market: By Country, 2020-2027 (USD Billion)

    Table11 RoW Epoxy Composites by End User Market: By Country, 2020-2027 (USD Billion)

    Table12 North America Epoxy Composites for Types Market: By Country, 2020-2027 (USD Billion)

    Table13 Europe Epoxy Composites for Types Market: By Country, 2020-2027 (USD Billion)

    Table14 Asia-Pacific Epoxy Composites for Types Market: By Country, 2020-2027 (USD Billion)

    Table15 RoW Epoxy Composites for Types Market: By Country, 2020-2027 (USD Billion)

    Table16 Global Epoxy Composites for Types Market: By Region, 2020-2027 (USD Billion)

    Table17 North America Epoxy Composites for Types Market: By Country, 2020-2027 (USD Billion)

    Table18 Europe Epoxy Composites for Types Market: By Country, 2020-2027 (USD Billion)

    Table19 Asia-Pacific Epoxy Composites for Types Market: By Country, 2020-2027 (USD Billion)

    Table20 RoW Epoxy Composites for Types Market: By Country, 2020-2027 (USD Billion)

    Table21 RoW Epoxy Composites for Types Market: By Country, 2020-2027 (USD Billion)

    Table22 Global End User Market: By Region, 2020-2027 (USD Billion)

    Table23 Global Types Market: By Region, 2020-2027 (USD Billion)

    Table24 North America Epoxy Composites Market, By Country (USD Billion)

    Table25 North America Epoxy Composites Market, By End User (Billion USD)

    Table26 North America Epoxy Composites Market, By Types (Billion USD)

    Table27 Europe: Epoxy Composites Market, By Country (USD Billion)

    Table28 Europe: Epoxy Composites Market, By End User (USD Billion)

    Table29 Europe: Epoxy Composites Market, By Types (USD Billion)

    Table30 Asia-Pacific: Epoxy Composites Market, By Country (USD Billion)

    Table31 Asia-Pacific: Epoxy Composites Market, By End User (USD Billion)

    Table32 Asia-Pacific: Epoxy Composites Market, By Types (USD Billion)

    Table33 RoW: Epoxy Composites Market, By Country (USD Billion)

    Table34 RoW Epoxy Composites Market, By End User (USD Billion)

    Table35 RoW: Epoxy Composites Market, By Types (USD Billion)



    LIST OF FIGURES

    FIGURE 1 Global Epoxy Composites Market segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Five Forces Analysis of Global Epoxy Composites Market

    FIGURE 4 Value Chain of Global Epoxy Composites Market

    FIGURE 5 Share of Global Epoxy Composites Market in 2020, by country (in %)

    FIGURE 6 Global Epoxy Composites Market, 2020-2022, (USD Billion)

    FIGURE 7 Sub-segments of Types

    FIGURE 8 Global Epoxy Composites Market size by Types, 2020

    FIGURE 9 Share of Global Epoxy Composites Market by Types, 2020-2027

    FIGURE 10 Global Epoxy Composites Market size by End User, 2020

    FIGURE 11 Share of Global Epoxy Composites Market by End User, 2020-2027