Lucintel Forecasts the Global Epoxy Resin in the Global Composites Market to Reach $9.0 billion by 2031

According to a market report by Lucintel, the future of the global epoxy resin in the global composites market looks promising with opportunities in transportation, marine, wind energy, aerospace, pipe & tank, construction, electrical and electronics, and consumer goods applications. The global epoxy resin in the global composites market is expected to reach an estimated $9.0 billion by 2031 from $5.6 billion in 2024, at a CAGR of 7.0% from 2024 to 2031. The major drivers for this market are increasing use of epoxy resin in the global composites industry in aerospace, electrical and electronic, wind energy, and pipe & tank applications. Epoxy provides superior properties over other thermoset such as polyester, vinyl ester, etc. in the areas of improved adhesion, chemical, and heat resistance along with enhanced mechanical performance.
Browse 80 figures / charts and 72 tables in this 152 -page report to understand trends, opportunity and forecast in epoxy resin in the global composites market to 2031 by applications (transportation, marine, wind energy, aerospace, pipe and tank, construction, electrical and electronics, consumer goods, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that wind energy will remain the largest application segment over the forecast period due to the increased use of epoxy resin due to its mechanical properties in this segment.
Asia Pacific is expected to remain the largest region over the forecast period due to due to the increasing demand for tablets, computers, and cell phones in APAC spurred growth for epoxy resin in the global composites industry in the electrical and electronics segment.
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Huntsman Corporation, Olin Corporation, Nan Ya Plastics Corporation, Aditya Birla Chemicals Limited (Thai Epoxy), Kukdo Chemical., Westlake are the major suppliers in the epoxy resin in the global composites market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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Lucintel finds that the future of the global glass fiber material market is promising with opportunities in the marine, transportation, pipe and tanks, aerospace, construction, electrical and electronics, consumer goods, and wind energy. The glass fiber material market is expected to reach an estimated $14 billion by 2031 with a CAGR of 4% from 2024 to 2031.

This release was published on openPR.