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Epoxy Composite Global Market Worth $49.86 Billion at a of 7.6% By 2028 | Key Players: Toray Industries Inc., Westlake Epoxy Inc., Arkema S.A., Nanya Plastics Corporation, Owens Corning
Epoxy Composite Market
The Business Research Company's Epoxy Composite Global Market Report 2023 identifies the growing automotive industry is expected to propel the growth of the epoxy composite market going forward. The automotive industry refers to a broad range of businesses and organizations involved in designing, developing, producing and modifying motor vehicles.
The epoxy composite market size has grown strongly in recent years. It will grow from $34.32 billion in 2023 to $37.24 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to infrastructure development, growing renewable energy sector, rising demand from the electronics industry, growing awareness of the benefits of epoxy composites. The epoxy composite market size is expected to see strong growth in the next few years. It will grow to $49.86 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%.
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Major players in the epoxy composite market are Mitsubishi Chemical Corporation, Toray Industries Inc., Westlake Epoxy Inc., Arkema S.A., Nanya Plastics Corporation, Owens Corning, Sika AG, Huntsman Corp. LLC, Teijin Ltd., Aditya Birla Chemicals, Sumitomo Bakelite Co. Ltd., Hexcel Corp., Solvay S.A., SGL Carbon, Koninklijke Ten Cate B.V., Gurit Holding, Scott Bader Company Ltd., RAMPF Group, L&L Products India Pvt. Ltd., Composite One LLC, Park Aerospace Corp., Hindoostan Composite Solutions, Axiom Materials Inc., Gordon Composites Inc., Barrday Inc., Quantum Composites, Sanders Composites, Copps Industries Inc.
The high cost of production is expected to hinder the growth of the epoxy composite market going forward. The high cost limits the use of epoxy composites in some industries. The cost of raw materials such as resins, fibers, and additives can be a significant factor in the high cost of the production of epoxy composites.
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The Epoxy Composite market is segmented -
1) By Fiber Type: Glass Fiber, Carbon Fiber, Other Fiber Types
2) By Manufacturing Process: Lay-up, Compression Molding, Resin Injection, Resin Transfer Molding, Filament Winding, Pultrusion
3) By End User: Aerospace And Defense, Automotive, Electrical And Electronics, Wind Energy, Sporting Goods, Marine, Piping, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Epoxy Composite market.
The Business Research Company's "Global Epoxy Composite Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Epoxy Composite Market Include:
1. Executive Summary
2. Epoxy Composite Market Characteristics
3. Epoxy Composite Market Trends And Strategies
4. Epoxy Composite Market - Macro Economic Scenario
5. Epoxy Composite Market Size And Growth
……
27. Epoxy Composite Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Epoxy Composite Market
29. Epoxy Composite Market Future Outlook and Potential Analysis
30. Appendix
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