News

The global epoxy composite market size is expected to be worth around US$ 60 billion by 2030, according to a new report by Vision Research Reports.

The global epoxy composite market size was valued at US$ 29 billion in 2020 and is anticipated to grow at a CAGR of 9% during forecast period 2021 to 2030.

Get Sample Copy of This Report (Including TOC, List of Tables & Figures, and Chart)@ https://www.visionresearchreports.com/report/sample/38550

Epoxy Composite Market (By Fiber Type: Glass Fiber, Carbon Fiber, Other Fiber; By End-use: Automotive & Transportation, Aerospace & Defense, Wind Energy, Electrical & Electronics, Sporting & Consumer Goods, Other End-use (Oil & Gas, Marine, Construction)) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Report Coverage

Report Scope	Details
Market Size	USD 60 billion by 2030
Growth Rate	CAGR of 9% From 2021 to 2030
Base Year	2020
Historic Data	2017 to 2020
Forecast Period	2021 to 2030
Segments Covered	Fiber type, End-use
Regional Scope	North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned	Teijin Ltd.; Toray Industries, Inc.; Huntsman Corp. LLC; SGL Carbon; Hexcel Corp.; Solvay; Park Aerospace Corp.; Arkema; Avient Corp.; Olin Corp.

Growth Factors

 Growing usage of advanced lightweight functional materials in various industries, such as automotive & transportation, aerospace & defense, and wind energy, is expected to drive the market.

Increasing demand for composites in the automotive industry is anticipated to boost the market growth over the forecast period. Rising fuel prices have triggered the need for fuel-efficient vehicles, which is expected to increase the usage of composites. Composites are majorly utilized as the replacement for aluminum, wood, and steel on account of their higher strength-to-weight ratio.

Report Highlights

The glass fiber segment led the market accounting for a revenue share of more than 60% in 2021 and will retain the leading position throughout the forecast years. This growth is attributed to the rising use of glass fibers in automotive and marine applications due to their cost-effectiveness.

The automotive & transportation end-use segment led the market in 2020 with a revenue share of more than 35%. The high durability and low weight of epoxy composites make them ideal for structural components used in automotive and transportation systems. Epoxy composites are used in several automotive applications including interior headliner, underbody system, instrument panel, bumper beam, air duct, airbag housing, and engine cover, etc.

Asia Pacific dominated the market and accounted for more than 56% of the revenue share in 2021. It is projected to expand further at the fastest CAGR of over 7% from 2021 to 2030 retaining its dominant position. This growth is attributed to high growth opportunities exhibited by the region owing to rapidly rising aircraft production, and ambitious electrical & electronics capacity addition targets by various companies.

Key Players

• Teijin Ltd.
• Toray Industries, Inc.
• Huntsman Corp. LLC
• SGL Carbon
• Hexcel Corp.
• Solvay
• Park Aerospace Corp.
• Arkema
• Avient Corp.
• Olin Corp.

 

Market Segmentation

 

• Fiber Type
  • Glass Fiber
  • Carbon Fiber
  • Other Fiber
• End-use
  • Automotive & Transportation
  • Aerospace & Defense
  • Wind Energy
  • Electrical & Electronics
  • Sporting & Consumer Goods
  • Other End-use (Oil & Gas, Marine, Construction)
• Regional
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.

Buy This Premium Research Report, click here@ https://www.visionresearchreports.com/report/cart/38550 or call: +1 9197 992 333