Global Epoxy Composite Market by Type (Glass, Carbon), Manufacturing Process (Lay-up, Compression Molding, Resin Injection, Resin Transfer Molding, Filament Winding, and Pultrusion), End-use Industry (Wind Energy, Aerospace & Defense, Sporting Goods, Automotive & Transportation, Electrical & Electronics, Pipe & Tank, Marine, Others); by Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa): Opportunity Analysis and Industry Forecast, 2017–2027

Date : Jun 2021

|

Report ID : 84

|

Category : Specialty Chemicals

|
Report Format:  PDF EXCEL PPT WORD

The global epoxy composite market was valued at USD 26.90 billion in 2020, and it is expected to reach USD 41.7 billion by 2027, with a CAGR of 6.4%, during the forecast period from 2021 to 2027

Epoxy Composite Market

Epoxy is a thermosetting resin usually used to make composite materials. Epoxy resins are employed in a wide variety of concrete fittings, structures, and repairs. Epoxy is a well-known thermosetting resin used in various composite fittings as well as concrete structures and repairs due to its corrosion resistance, superior electromechanical properties, and lower shrinkage.

The key factor propelling the growth of the market is the rising demand for epoxy composite from the wind energy industry. Moreover, the increasing demand from developing countries is expected to foster the demand for Epoxy Composites. The necessity for material with high mechanical strength, resistance against corrosion, and lightweight is also the key factor fuelling the demand for the Epoxy Composite market. However, factors such as the growing awareness about alternative resins, issues related to mouldability and recyclability, and high volatility in raw material prices are hampering the epoxy composite market growth. Furthermore, the adoption of low-cost production technologies and the growing wind energy industry in developing economies offer a lucrative opportunity.

By Fiber type

  1. Glass
  2. Carbon
  3. Others

By Manufacturing process          

  1. Lay-up
  2. Compression Moulding
  3. Resin Injection
  4. Resin Transfer Moulding
  5. Filament Winding
  6. Pultrusion

By End-use Industry       

  1. Wind Energy
  2. Aerospace & Defense
  3. Sporting Goods
  4. Automotive & Transportation
  5. Electrical & Electronics
  6. Pipe & Tank
  7. Marine
  8. Others

By Region

  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America
  5. Middle East & Africa

The unique insights provided by this report also includes the following:

  • In-depth value chain analysis
  • Opportunity mapping
  • Sector snapshot
  • Key Players Positioning Matrix
  • Regulatory scenario
  • Strategies Adopted-Benchmarking Heat Map
  • Market trends
  • Covid-19 impact analysis
  • Product comparison
  • Pre & Post COVID 19 impact on Epoxy Composite Market
  • Competitive Landscape

Based on Fiber type, glass type segment is growing with a highest CAGR during the forecast period

The glass fiber segment dominates the market and accounts for 60.3% of global sales in 2020. This segment is expected to maintain its leadership position owing to characteristics such as low weight, production adaptability, high strength, high strength, and high resistance to other metals.

Based on manufacturing process, Compression Moulding process is growing with the fastest rate in the global Epoxy Composite market in the year 2020

The compression Moulding process segment holds a significant share of the Epoxy Composite market. Wet compression molding, also known as liquid compression molding (LCM), is a compound molding process in which plastic is coated on top of a blank canvas. The wet drum is then transferred to the lower tool in a suitable set of molds and molded in a press to push the plastic into the fabric, mainly in the z-direction.

Based on End-use Industry, Automotive & Transportation segment is growing with a highest CAGR during the forecast period

The automotive and transportation end-use vehicles segment dominates the market and accounts for 25.6% of the global market share in 2019. This segment is expected to maintain its leading position during the forecast period. This is attributed to the expanding automotive and transportation sectors driven by growing commercial and domestic markets, especially in North America and Asia-Pacific. On the basis of end-use, the market is primarily categorized into Aerospace & Defense, Wind Power, Power & Electronics, Automotive & Transportation, Sports, and Consumer Goods. Epoxy composites are expected to experience high demand in the aforementioned end-use segments due to their high-end material properties including superior strength and mechanical strength.

Based on Regions, the Asia Pacific region is expected to grow with the highest CAGR global market during the forecast period.

Asia-Pacific accounted for the largest share of the market and held about 35% of the global revenue market in 2020 and is expected to maintain its dominance in coming years. The booming wind power sector in economies, such as India and China, is expected to drive demand for epoxy composites in the region. North America captured significant revenue share and is expected to increase at a substantial CAGR during the forecast period. The increasing demand for lightweight materials primarily in fuel-efficient automotive designs, due to the implementation of strict environmental regulations, is expected to drive market growth.

Company Profiles and Competitive Intelligence:

The major players operating in the global epoxy composite market includes Hexcel Corporation, Polyone Corporation, Teijin Limited, Arkema, SGL Carbon, Toray Industries, Inc., Huntsman Corporation LLC, ATL Composites, Royal Tencate N.V., Kemrock Industries and Exports Limited, Cytec Solvay Group, Hindoostan Composite Solutions, Sumitomo Bakelite Co., Ltd., Rotec Composite Group B.V., Barrday, Myko Engineering, Gordon Composites, Inc., Park Electrochemical Corporation, IDI Composites, Isosport, Quantum Composites, among others.

The report also provides in-depth analysis of market dynamics such as drivers, restraints opportunities and challenges

Drivers:

  • Increasing Demand for Epoxy Composite from Wind Energy Industry
  • Emerging Demand from Developing Countries
  • Need for Material with High Mechanical Strength, Lightweight, and Resistance Against Corrosion

Restraints:

  • Increasing Popularity of Alternative Resins
  • Issues Related to Remould ability and Recyclability
  • High Volatility in Raw Material Prices

Opportunities:

  • Growing Wind Energy Industry in Developing Economies
  • Adoption of Low-Cost Production Technologies

The report also provides an in-depth analysis of key market trends:

Sr. No. Trends Impact
1 Rising demand from the aviation and automotive industries across the world for lightweight materials is anticipated to accelerate the market growth. Positive
2 Growing demand for wind energy, along with the huge demand for epoxy composites from the U.S. automotive sector is predicted to propel the market growth. Positive

The report also provides an in-depth analysis of recent News Developments and Investments

  1. In June 2021, Hexcel promoted a range of innovative composite for various applications in aerospace, wind energy, automotive, marine, and recreation industry at JEC Composites Connect, a digital event for 2 days, for networking and learning about the composites industry market and trends.
  2. In May 2021, Solvay launched non-fluor surfactant technologies – Tecnoflon LX and Hylar 5000S. Solvay now not uses fluor surfactant process aids in the U.S.
  3. In April 2021, Solvay introduced Amodel Supreme PPA, a high-performance polyphthalamide (PPA) designed for demanding metal replacement applications and e-mobility.

Company Profiles and Competitive Intelligence

The key players operating in the market are:

  1. Hexcel Corporation
  2. Cytec Solvay Group
  3. Polyone Corporation
  4. Hindoostan Composite Solutions
  5. Teijin Limited
  6. Park Electrochemical Corporation
  7. Arkema
  8. SGL Carbon
  9. Toray Industries, Inc.
  10. Huntsman Corporation LLC
  11. Royal Tencate N.V.
  12. Teijin Limited
  13. Toray Industries Inc.
  14. Gurit Holding AG
  15. Axiom Materials

Frequently Asked Questions (FAQs)

How big is the Epoxy Composite Market ?

The Epoxy Composite market was estimated at 26.9 USD billion in 2020

How is the Epoxy Composite Market Growth?

The Epoxy Composite market is estimated to grow at a CAGR of 6.4%

Which Segment Accounted for The Largest Market Share?

Glass fibre was the largest segment of the epoxy composite market which contributed more than 50% in 2020

Who are the Key Players in the Epoxy Composite Market?

The key players in the Epoxy Composite market include: Hexcel Corporation, Polyone Corporation, Teijin Limited, Arkema, SGL Carbon, Toray Industries, Inc., Huntsman Corporation LLC, ATL Composites, Royal Tencate N.V., Kemrock Industries and Exports Limited, Cytec Solvay Group, Hindoostan Composite Solutions, Sumitomo Bakelite Co., Ltd., Rotec Composite Group B.V., Barrday, Myko Engineering, Gordon Composites, Inc., Park Electrochemical Corporation

Does the Report Provide Detailed Covid-19 Impact Analysis

The report analyses the impact of Covid-19 on epoxy composite market in detail

Which is the Biggest Industry Segment of the Epoxy Composite Market

In terms of industry, automotive & transportation segment held the largest share of the market in 2020

Author Credentials

Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.

  1. INTRODUCTION
    1. Product Outline
    2. What is Epoxy Composite
    3. Different types of Epoxy Composite  
    4. Analysis of Epoxy Composite Ecosystem
    5. Supply Chain Analysis
    6. Covid -19 Impact
    7. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Threats
    8. Technology Overview
    9. Patent Analysis
  2. Technology and Regulatory Landscape for Epoxy Composite    
    1. Regulations and Standards
  3. Epoxy Composite Market Pricing Analysis
    1. Prices of Epoxy Composite   
  4. Epoxy Composite  Market by Type
    1. Glass
    2. Carbon
    3. Others
  5. Epoxy Composite  Market  by Manufacturing process
    1. Lay-up
    2. Compression Moulding
    3. Resin Injection
    4. Resin Transfer Moulding
    5. Filament Winding
    6. Pultrusion
  6. Epoxy Composite  Market  by End-use Industry
    1. Wind Energy
    2. Aerospace & Defense
    3. Sporting Goods
    4. Automotive & Transportation
    5. Electrical & Electronics
    6. Others
  7. Regional Analysis
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. UK
      3. France
      4. Norway
      5. Italy
      6. Spain
      7. Netherlands
      8. Rest Of Europe
    3. Asia Pacific
      1. China
      2. India
      3. Japan
      4. Australia
      5. New Zealand
      6. Rest Of Asia Pacific
    4. Middle East and Africa
    5. South America
  8. Key Strategic Insights
    1. New Raw Material Sources
    2. New Applications
    3. Emerging Technologies
    4. Opportunity mapping
    5. Critical Success Factors
    6. Environmental Impact and sustainability issues
    7. Consumer preferences
  9. Key Market Trends / Recent Developments
  10. Competitive Scenario
    1. Competitive Strategies of Key Players
      1. Mergers and Acquisitions
      2. Investments
      3. Joint Ventures
      4. New Product launches
    2. Strength of product portfolio
    3. Ranking of Key Players
    4. Presence of players by Geographies
  11. KEY GLOBAL PLAYERS
    1. Hexcel Corporation
    2. Cytec Solvay Group
    3. Polyone Corporation
    4. Hindoostan Composite Solutions
    5. Teijin Limited
    6. Park Electrochemical Corporation
    7. Arkema
    8. SGL Carbon
    9. Toray Industries, Inc.
    10. Huntsman Corporation LLC
    11. Royal Tencate N.V.
    12. Teijin Limited
    13. Toray Industries Inc.
    14. Gurit Holding AG
    15. Axiom Materials
    16. Mitsubishi Rayon Co., Ltd.
    17. Park Electrochemical Corporation
    18. Kemrock Industries and Exports Limited
    19. Sumitomo Bakelite Co., Ltd.
    20. Myko Engineering
    21. Rotec Composite Group B.V.
    22. Barrday
    23. Gordon Composites, Inc.
    24. ATL Composites
    25. IDI Composites
    26. Isosport
    27. Quantum Composites
    28. Composites One
    29. Toray Industries, INC
    30. Bhor Chemicals and Plastics Private Limited
Research Methodology

Choose License

Buy Now

Actionable and high-quality Premium Insights by ResearchCMFE

  • Customer Insights (Customer Expectations & Market Unmet Needs)
  • Market Opportunity Mapping (Market Sizing, Forecast and Trend Analysis)
  • Competitive Intelligence for Key Companies
  • Market Entry Strategy (Raw Material, Feedstock Trends, M&A, Channel Structure, Supply Chain Analysis)
  • Product Mix and Pricing (Pricing Strategy, Average Pricing, New Technologies, Products/Services Comparison)
  • Segmentation Analysis (Value Chain Analysis, Industry Structure)
  • Neural Network Diagram for Depicting Connected Market Ecosystem.
  • Market Attractiveness Framework
  • Demand Supply Scenario
  • Patent Landscape / Innovation Hotspots/ Technology Landscape
  • Impact of Circular Economy or Digital Transformation Trends
  • Region Specific Reports / Country Specific Reports for Specific Topics
  • As Per Customer Need Section Wise Reports
  • Pre and Post-Sales Service and Support

Why Choose ResearchCMFE?

  • Monthly market updates for 6 months
  • Online access of reports
  • Options to buy sections of report
  • Critically analysed research on “Quadrant Positioning” of your company.
  • Syndicated report along with a supplementary report with objective-based study
  • Get profiled in the reports. Expanding your visibility across our network of readers and viewers
  • We provide local market data in local language on request
  • A complementary co-branded white paper
  • Flat consulting fee based exclusive studies. Consult at the price of syndicate
  • Access to expert team for free transaction advisory service.

/*