Press release
Epoxy Composite Market Key Futuristic Trends and Competitive Analysis and Forecast To 2023
The Global Epoxy Composite Market is expected to witness a significant growth of USD 38.19466 billion by 2023 with CAGR of 7.4% between 2016 and 2023.
Epoxies composite are best known for their excellent adhesion, UV, chemical and heat resistance, good mechanical properties, and outstanding electrical insulating properties. It is formed into two types i.e. glass epoxy composite and carbon epoxy composite. Among these type of epoxy composites, glass fiber-based epoxy composite is considered to be a best reinforcement because of its excellent mechanical, electrical and thermal features.
Epoxy composite has found in various end user industry such as automotive, transportation, aerospace & defense, sporting goods, electronics industry, construction industries, and others. Increasing in demand of automotive, transportation and aerospace & defense is likely to drive the epoxy composite market growth. The growing automotive and transportation industry on account of developing domestic as well as commercial market particularly in Asia-Pacific and North America has boosted the global epoxy composite market over the forecasted period.
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Market Expand / Influence:
Data integration and capabilities are analyzed to support the findings and study the predicted geographical segmentations. Various key variables and regression models were considered to calculate the trajectory of epoxy composite market. Detailed analysis is explained and given importance to with best working models.
Geographically, the segmentation is done into several key regions like North America, Middle East & Africa, Asia Pacific, Europe and Latin America. The production, consumption, revenue, shares in mill UDS, growth rate of epoxy composite market during the forecast period of 2016 to 2023 is well explained.
The ongoing market trends of epoxy composite market and the key factors impacting the growth prospects are elucidated. With increase in the trend, the factors affecting the trend are mentioned with perfect reasons. Top manufactures, price, revenue, market share are explained to give a depth of idea on the competitive side.
Regional Analysis:
Asia Pacific is the largest market of epoxy composite due to demand in various applications such as automotive, transportation and aerospace & defense in China region followed by Japan, and India. Increasing demand for automotive, aerospace and construction industry in the India, Japan and South Korea has made Asia Pacific largest consumer of the global epoxy composite market followed by increasing in the consumption of epoxy composite market in North America region. The third largest market of epoxy composite is Europe. Latin America and Middle East also witnessed in growth of epoxy composite market due to various end user industry such as electronics industry, construction industries, and others.
Key Players:
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).
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