Press release
Epoxy Composite Market Research Report Size, End-User Leading Industry Analysis, Regional Outlook, Competitive Strategies and Business Forecast 2019 To 2023
Epoxy Composite Market is expected to witness a significant growth of USD 38.19466 Billion by 2023 with CAGR of 7.4% between by 2023.
Epoxy Composite is low or high molecular weight pre-polymeric or polymeric material which is consist of at least two epoxide groups. It is extensively used in automotive, aerospace & defence, building & construction industries. Apart from these industries, the product finds its application in industrial tools, sports equipment, consumer goods, and marine industry.
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Epoxy Composite Market Key Players:
Epoxy Composite Market are: Axiom Materials Inc. (US), Hexcel Corporation (US), Cytec Solvay Group (Belgium), Koninklijke Ten Cate NV. (Netherlands), Teijin Limited (Japan), Toray Industries, INC. (Japan), Mitsubishi Rayon Co. Ltd. (Japan), Rotec Composite Group B.V. (Netherlands), SGL Group (Germany), Gordon Composites Inc. (US) and others.
Epoxy Composite Market Segment Analysis:
Epoxy Composite Market has been segmented into types and end user industries. Since types, the market has been divided into glass epoxy composite and carbon epoxy composite.
The glass fibre-based epoxy composite segment led the epoxy composite market, in terms of volume. Above all glass fibre-based epoxy composites led to the global epoxy composite market due to its exceptional features such as high durability, UV resistance, chemical resistance, mechanical resistance and heat & electrical resistance. Thus, the glass fibre-based epoxy composites are highly used in various industrial applications, such as automotive, wind power industry like in the maintenance of wind turbines, pipe & tank, electrical & electronics, aerospace & defence and marine. Numerous key players have invested considerably in R&D enterprises glass fibre composites to fulfil the demand of glass fibre epoxy composite.
As per Organisation International des Constructers automobiles (OICA), Automotive Industry has Produced Overall 94.97 Million Vehicles Expanding at 4.5% Annual Growth in 2016.
Epoxy Composite Market Regional Analysis:
Epoxy Composite Market is classified on the basis of mixed geographic segmentation which involves regions such as America, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific epoxy composite market is largest market owing to robust industry growth of end user industry in China, Japan and India. Asia-Pacific is expected to be the fastest-growing market for epoxy composite.
Positive stance on end-use industries such as automotive, transportation, aerospace & defence, sporting goods, electronics industry, construction industries, and others in countries like China & India is expected to drive demand. Increasing demand from the automotive & transportation, sporting goods, aerospace & defence, and construction industries, due to increase urbanization of various countries in the APAC region including India, japan and south Korea, fuel the growth of the global epoxy composite market during the forecast period.
Epoxy Composites Market Competitive Landscape:
Epoxy Composites is highly matured market driven by flourishing growth in aerospace & defence industry, along with the flourishing transportation sector. Hexcel Corporation, Teijin Limited, Toray Industries, INC., Rotec Composite Group B.V., Mitsubishi Rayon Co. Ltd. are the key shareholders in this market. Majority of the key market participants are investing in the expansion of their production capacities to strengthen their market position.
After addressing dynamic growth in aerospace & defence, automotive industry, and construction industry experts have asserts that this market will be having increasing penetration of new players to enjoy the profitability of this market. Considering these trends, the global epoxy composites market is likely to witness considerable competition over the forecast period of 2018-2023.
Epoxy Composite Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Epoxy Composites Market
Epoxy Composite Market Table of Content to be Continue…….,
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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