Epoxy Composite Market to Grow at 7.4% CAGR, Reaching $52.91 Billion by 2029

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Epoxy Composite Market Outlook: How is the Market Expected to Grow by 2025?
The market size of epoxy composites has witnessed a robust expansion in past years. The progression is expected to continue, rising from $37.24 billion in 2024 to $39.79 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 6.9%. The unprecedented growth during the historic period is credited to the development of infrastructure, expanding renewable energy sector, an upsurge in demand from the electronics industry, along with increased understanding of the advantages that epoxy composites offer.

Epoxy Composite Market Forecast: What Size Will It Reach By 2029?
In the forthcoming years, a substantial increase is anticipated in the epoxy composite market size, elevating it to $52.91 billion by 2029 with a compound annual growth rate (CAGR) of 7.4%. The predicted expansion during the forecast period could be due to the escalating demand in the aerospace and defense sector, heightened desire within the automotive domain, an uptick in demand in the construction sector, and increased research and development investments. Key trends projected in the forecast period encompass progress in production techniques, the creation of novel epoxy composite formulations, increasing utilization of epoxy composites in additive manufacturing, advancement in material development, innovation in aerospace materials, incorporation of nanocomposites, digital twins and simulation, and cross-sector collaborations.

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Which Key Market Drivers Will Shape Epoxy Composite Industry Trends in 2025-2029?
The expansion of the automotive sector is anticipated to fuel the epoxy composite market's development in the future. This sector encompasses a wide array of business entities and organizations that are engaged in the design, engineering, production, and alteration of motor vehicles. Epoxy composites, known for their lightweight and high specific stiffness, are utilized within this industry in the creation of safe, fuel-efficient vehicles with enhanced performance and design options. They are the perfect choice for automotive components due to these qualities. As an example, a report from the International Organization of Motor Vehicle Manufacturers, a trade association based in France, indicated in 2022 that global sales of passenger vehicles rose from 56.43 million in 2021 to 57.48 million in 2022. Hence, the thriving automotive industry is catalyzing the expansion of the epoxy composite market.

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What Are the High-Growth Segments in the Epoxy Composite Market?
The epoxy composite market covered in this report 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

Subsegments:
1) By Glass Fiber: E-Glass Fiber, S-Glass Fiber, C-Glass Fiber
2) By Carbon Fiber: High-Strength Carbon Fiber, Intermediate Modulus Carbon Fiber, High Modulus Carbon Fiber
3) By Other Fiber Types: Aramid Fiber, Natural Fiber, Basalt Fiber

Which Global Trends Are Driving Epoxy Composite Market Expansion?
Leading companies in the epoxy composite market are working tirelessly on the development and launch of next-generation epoxy materials to gain a competitive advantage in the industry. Next-generation epoxy materials are described as advanced and unique mixtures of epoxy resins and related compounds, providing enhanced properties, effective performance and applications that surpass those of traditional epoxy materials. In an example from September 2022, Solvay S.A., a chemical company based in France, unveiled the LTM 350, a new-age carbon fiber epoxy prepreg tooling material that presents significant time and cost benefits for quick tooling in the aerospace and composites sectors. This user-friendly low-temperature prepreg was created to enable the fastest lay-up speeds while delivering superior surface polish, setting new standards in cost-effective composite tooling. LTM 350 underscores the company's ongoing commitment to assisting original equipment manufacturers, subcontractors, and tool makers in the composites industry in meeting challenging productivity objectives.

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Who Are the Fastest-Growing Companies in the Epoxy Composite Industry?
Major companies operating 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.

What Is the Regional Outlook for the Epoxy Composite Market by 2029?
Asia-Pacific was the largest region in the epoxy composite market in 2024. It is expected to be the fastest-growing region in the forecast period. The regions covered in epoxy composite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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