Epoxy Composite Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Epoxy Composite Market Report is segmented by Fiber Type (Glass, Carbon, and Others), End-user Industry (Aerospace & Defense, Automotive & Transportation, Electrical & Electronics, Wind Energy, Sporting Goods, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

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Epoxy Composite Market Size

Epoxy Composite Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Epoxy Composite Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Epoxy Composite Market Analysis

The global market for an epoxy composite is expected to grow at a CAGR of over 5% during the forecast period. The major factor driving the market studied is the growing demand from the wind energy sector during the forecast period. On the flip side, availability of close substitutes and unfavorable conditions arising due to the COVID-19 outbreak are expected to hinder the growth of the market.

Aerospace and Defense industry is expected to dominate the market studied during the forecast period.

Asia-Pacific is expected to dominate the global epoxy composite market and is also forecasted to be the fastest-growing market during the forecast period owing to the increasing consumption for countries such as China and India.

Epoxy Composite Market Trends

This section covers the major market trends shaping the Epoxy Composite Market according to our research experts:

Growing Demand from the Aerospace and Defense Industry

  • In the aerospace and defense industry, epoxy composites are used in primary structures, such as wings and fuselages to improve the performance of the aircraft.
  • Aerospace is a market in which material light-weighting solutions are particularly in demand, where reducing the weight of an aircraft by 1000 kilos saves 6000 metric tons of aviation fuel over its lifetime.
  • The global aerospace and defense (A&D) industry has been significantly growing over the past few years, due to the growing passenger travel demand and military expenditure, across the world. The constantly increasing oil-prices has resulted in a rapid increase in demand for fuel-efficient aircraft.
  • Additionally, the defense budget in countries such as the United States, China among others is continuously increasing as a result of rising global tensions and the country's desire to equip the armed forces with modern platforms.
  • Therefore, the growing aerospace and defense industry is expected to boost the demand for epoxy composite market during the forecast period.
Epoxy Composite Market, Revenue (%), by End-user Industry, Global, 2019

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region represents the largest market for the epoxy composite market during the forecast period.
  • The electronics industry in the region is growing rapidly, over the past few years, owing to the consistently increasing demand for cellular phones, portable computing devices, gaming systems, and other personal electronic devices.
  • The aircraft parts and assembly manufacturing sector in China is growing at a rapid pace, with the presence of over 200 small aircraft parts manufacturers. Major manufacturers are concentrated in Nanchang, Shanghai, Chengdu, Xi'an, Harbin, Shijiazhuang, and Shenyang.
  • The Chinese aerospace policy represents one of the most comprehensive attempts to enter the top levels of aerospace development and production. China is expected to be the world's largest singlecountry market for civil aircraft sales, over the next 20 years.
  • India is the 9th-largest civil aviation industry in the world. It is projected to be the 3rd-largest by 2020. The domestic production capacity is limited, due to the lack of latest technology in the country. The government has announced 100% FDI in the sector. Companies, like Airbus, Boeing, Rolls Royce, Air Asia, etc., are investing in the country.
  • India's defense manufacturing has improved, and the country has increased its export of defense equipment, including Cheetah helicopters, to countries, such as Afghanistan, Indonesia, Nepal, Vietnam, South Korea, Myanmar, Israel, Russia, etc. The ISRO is also rapidly developing spacecraft.
  • Hence, with such trends, coupled with rapidly growing end users, the demand for epoxy composite in Asia-Pacific region is expected to grow over the forecast period.
Epoxy Composite Market - Growth Rate by Region, 2020-2025

Epoxy Composite Industry Overview

The global epoxy composite market is partially fragmented. The major companies are Axiom Materials, Hexcel Corporation, SGL Carbon, Mitsubishi Chemical Corporation, and Teijin Carbon Europe GmbH.

Epoxy Composite Market Leaders

  1. Axiom Materials

  2. Hexcel Corporation

  3. SGL Carbon

  4. Mitsubishi Chemical Corporation

  5. Teijin Carbon Europe GmbH. 

*Disclaimer: Major Players sorted in no particular order

Epoxy Composite Market Concentration
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Epoxy Composite Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from the Wind Energy Sector

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Availability of Close Substitutes

      2. 4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Fiber Type

      1. 5.1.1 Glass

      2. 5.1.2 Carbon

      3. 5.1.3 Others

    2. 5.2 End-user Industry

      1. 5.2.1 Aerospace & Defence

      2. 5.2.2 Automotive & Transportation

      3. 5.2.3 Electrical & Electronics

      4. 5.2.4 Wind Energy

      5. 5.2.5 Sporting Goods

      6. 5.2.6 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share(%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Axiom Materials

      2. 6.4.2 Barrday

      3. 6.4.3 Hexcel Corporation

      4. 6.4.4 Mitsubishi Chemical Corporation

      5. 6.4.5 Park Aerospace Corp.

      6. 6.4.6 Sanders Composites

      7. 6.4.7 SGL Carbon

      8. 6.4.8 Veplas d.d.

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Epoxy Composite Industry Segmentation

The Epoxy Composite market report includes:

Fiber Type
Glass
Carbon
Others
End-user Industry
Aerospace & Defence
Automotive & Transportation
Electrical & Electronics
Wind Energy
Sporting Goods
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Epoxy Composite Market Research FAQs

The Epoxy Composite Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Axiom Materials, Hexcel Corporation, SGL Carbon , Mitsubishi Chemical Corporation and Teijin Carbon Europe GmbH.  are the major companies operating in the Epoxy Composite Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Epoxy Composite Market.

The report covers the Epoxy Composite Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Epoxy Composite Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Epoxy Composites Industry Report

Statistics for the 2024 Epoxy Composites market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Epoxy Composites analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Epoxy Composites Market Report Snapshots

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Epoxy Composite Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)