Market Size of Epoxy Composite Industry
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*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.