Epoxy Composite Market to Exceed US$ 46.4 Billion in 2028, Expanding at a CAGR of 6% between 2023-2028

IMARC Group, a leading market research company, has recently releases report titled "Epoxy Composite Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global insomnia market growth, trends, size, share and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

What is Epoxy Composite?

Epoxy composite is a material that utilizes epoxy resin to form a polymer matrix, which is then reinforced with fibers or other fillers. This combination produces strong components with a high strength-to-weight ratio. Common production methods for epoxy composites include hand layup, compression, filament winding, and injection resin and resin molding processes. Compared to traditional construction materials, such as metal and concrete, epoxy composite is lightweight and offers flexibility, cost-effectiveness, excellent adhesion, and superior resistance to ultraviolet (UV) radiation, chemicals, and heat. These properties protect the object from deterioration. As a result, epoxy composites find widespread utilization across several sectors, including aerospace, defense, automotive, electrical and electronics, marine, wind energy, piping, etc.

How Big Is the Epoxy Composite Market?

The global epoxy composite market size reached US$ 32.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 46.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.

Global Industry Trends and Drivers:

The epoxy composite market is primarily driven by the increasing adoption of the product in load-bearing applications in the automotive, aerospace, oil and gas, and construction industries on account of its high adhesiveness, improved mechanical properties, heat and solvent resistance, and cost-effectiveness. Moreover, the growing demand for epoxy composites in the wind energy industry for the production and coating of components is further propelling the market growth. Apart from this, the development of advanced technologies and the launch of efficient and affordable manufacturing solutions for mass manufacturing of epoxy composites are acting as significant growth-inducing factors. Additionally, other factors, such as strategic collaborations among key players and the inflating investments in research and development (R&D) activities to develop versatile epoxy resins suitable for constructing air and watercraft, are expected to bolster the epoxy composite market in the coming years.

Key Market Segmentation:

The detailed segmentation of the global epoxy composite market report based on based on fiber type, manufacturing process, end user and region.

Breakup by Fiber Type:
• Glass Fiber
• Carbon Fiber
• Others

Breakup by Manufacturing Process:
• Lay-up
• Compression Moulding
• Resin Injection
• Resin Transfer Moulding
• Filament Winding
• Pultrusion

Breakup by End User:
• Aerospace and Defense
• Automotive
• Electrical and Electronics
• Wind Energy
• Sporting Goods
• Marine
• Piping
• Others

Breakup by Region:
• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

The report provides a comprehensive analysis of the industry key players listed below:

The Major Players in the market are Arkema S.A, Avient Corporation, Axiom Materials Inc., Gurit, Hexcel Corporation, Huntsman Corporation LLC, Mitsubishi Chemical Holdings Corporation, SGL Carbon SE, Solvay S.A, Teijin Limited and Toray Industries Inc.

Key highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

TOC for the Report:
• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape

Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.