Global Epoxy Composite Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027

“Global Epoxy Composite Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global epoxy composite market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global epoxy composite market report has been segmented on the basis of fiber type, manufacturing process, end-use industries, and region.

Introduction     

Epoxies composite offers excellent adhesion, chemical resistance, heat resistance, UV resistance, outstanding electrical insulating, and good mechanical properties. It is available into two types such as carbon epoxy composite and glass epoxy composite. Among these epoxy composites type, glass fiber-based epoxy composite offers best reinforcement owing of its excellent electrical, mechanical, and thermal properties. Epoxy composites are used in wide range of end-use industries such as aerospace & defense, wind energy, automotive & transport, electrical & electronics, pipe & tank, marine activities, and sporting goods.

Dynamics

Increasing demand for epoxy composite across various end-use application sectors such as automotive & transportation, wind energy, and aerospace & defense is a major factor expected to drive growth of the target market over the next few years. In addition, rapid growth in demand for epoxy composites from various industries including electrical & electronics and marine is another factor estimated to support revenue growth of the target market over the next 10 years.

Various advantages offered by these materials such excellent adhesion, chemical resistance, UV resistance, and heat resistance is key factor projected to propel adoption of epoxy composite, which in turn is expected to drive growth of the target market over the forecast period. In addition, growing demand for the material with lightweight, high mechanical strength, and resistance against corrosion and growing demand from developing economics are other additional factors expected to increase epoxy composite demand, which in turn anticipated to drive growth of the target market in the next 10 years.

Segmental Analysis:

On the basis of fiber type, glass fiber segment is estimated to dominate the target epoxy composite market over the forecast period. The glass fiber segment revenue is also projected to register highest CAGR over the forecast.

On the basis of manufacturing process, the resin injection segment is estimated to account for significant share in terms of revenue in the target market. The resin injection segment revenue is also projected to register highest CAGR over the forecast.

On the basis of end-use industries, the wind energy segment is expected to account for major share in terms of revenue in the target market. The wind energy segment revenue is also projected to register highest CAGR over the forecast.

Regional Analysis:

Asia Pacific epoxy composite market is estimated to account for major share in terms of revenue in the global epoxy composite market. Asia Pacific market is also projected to register fastest growth in terms of revenue over the next few years, owing to increasing presence of various major epoxy composite manufacturers and rapid urbanization in region is expected to propel use of epoxy composites in electrical & electronics, construction, marine, and pipe & tank, industries in the countries in this region. The market in India and China is projected to account for moderate share in terms of revenue in the Asia Pacific market.

Global epoxy composite market segmentation:

Segmentation by fiber type:

• Glass
• Carbon
• Others (Natural fibers and Aramid fibers)

Segmentation by manufacturing process:

• Lay-up
• Resin Injection
• Compression Moulding
• Pultrusion
• Filament Winding
• Resin Transfer Moulding

Segmentation by end-use industries:

• Wind Energy
• Aerospace & Defense
• Sporting Goods
• Automotive & Transportation
• Electrical & Electronics
• Pipe & Tank
• Marine

 Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa