PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1749647
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1749647
Epoxy Composite Market Introduction and Overview
According to SPER market research, 'Global Epoxy Composite Market Size- By Fiber Type, By End-User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Epoxy Composite Market is predicted to reach 88.2 billion by 2034 with a CAGR of 7.93%.
Epoxy composite is a material made with epoxy resin, forming a strong and lightweight polymer matrix reinforced with fibers or fillers. It is produced using methods like hand layup, compression, filament winding, and injection molding. Compared to traditional materials like metal and concrete, epoxy composite is lighter, more flexible, cost-effective, and offers excellent adhesion along with strong resistance to UV radiation, chemicals, and heat. This makes it widely used in industrial applications. Currently, epoxy composite is mostly available in glass and carbon fiber types.
Restraints: The fluctuation in prices of raw materials like epoxy resins and hardeners greatly affects the stability and growth of the epoxy composites market. These raw materials come from petrochemical sources, which can be influenced by market conditions and geopolitical factors, leading to price changes. This unpredictability can disrupt production costs for manufacturers, complicating their planning and budgeting.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Fiber Type, By End-User
Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered Teijin Ltd, Toray Industries, Inc, Huntsman Corp. LLC, SGL Carbon, Hexcel Corp, Solvay, Park Aerospace Corp, Arkema, Avient Corp, Olin Corp.
Global Epoxy Composite Market Segmentation:
By Fiber Type: Based on the Fiber Type, Global Epoxy Composite Market is segmented as; Glass Fiber, Carbon Fiber, Other Fiber.
By End-User: Based on the End-User, Global Epoxy Composite Market is segmented as; Automotive & Transportation, Aerospace & Defense, Wind Energy, Electrical & Electronics, Sporting & Consumer Goods, Other End-use.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.