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Global Epoxy Composite Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Epoxy composite is a type of polymer component which could be used as an epoxy resin for creating a polymer matrix. That can be applied to drones, military tanks, and so on. Thus, major driving factors for the market are the increase in demand for epoxy composite from the end-use industry, rising military expenditure, and growing demand for lightweight materials. Along with this, the market is being presented with a profitable growth potential by the adoption of low-cost production technologies and the expanding wind energy sector in developing economies. However, the high cost of raw materials is restraining the market growth over the forecast period.
According to Statista, in 2017, the military expenditure in the United Kingdom was 1.9 per cent of the total GDP which has increased to 2.2 per cent of the GDP in 2020. Along with this, the government of Germany has raised its defence budget to USD 112.7 billion in 2022 to produce ground vehicles and UAVs and to support Ukraine. Along with this, according to The National Interest, in 2017, Germany started the process of replacing 103 out-of-service Leopard 2A4 and 2A6 tanks with the newest model, the Leopard 2A7V, at a cost to the government of USD 833 million which is rising the demand for the epoxy composite market over the forecast period. Additionally, according to Statista, in 2020, UAE has 434 military tanks and in Saudi Arabia, the number of military tanks was 1,062.
The key regions considered for the Global Epoxy Composite Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. The Asia Pacific dominated the marketin terms of revenue, owing to the rising production of aircraft in the region and the presence of number of automotive manufacturers. North America is expected to grow with the highest CAGRduring the forecast period, owing to factors such as the growing number of air passengers, increasing demand for private helicopters and growing investment for the military.
Major market player included in this report are:
Teijin Ltd.
Toray Industries, Inc.
Huntsman Corp. LLC
SGL Carbon
Hexcel Corp.
Solvay
Park Aerospace Corp.
Arkema
Avient Corp.
Olin Corp.
Recent Developments in the Market:
In September 2021, Notus Composites has launched low temperature curing epoxy composite. With this launch, the company is increasing its product portfolio in the market.
In May 2020, Park Aerospace has launched cured epoxy resin system named E-752-MTS medium toughness 350 ° F.
Global Epoxy Composite Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Fiber, End-use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Fiber offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Fiber:
Glass Fiber
Carbon Fiber
Other Fiber
By End-use:
Automotive & Transportation
Aerospace & Defense
Wind Energy
Electrical & Electronics
Sporting & Consumer Goods
Other End-use (Oil & Gas, Marine, Construction)
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Epoxy Composite Market, by Region, 2019-2029 (USD Billion)
1.2.2. Epoxy Composite Market, by Fiber, 2021-2029 (USD Billion)
1.2.3. Epoxy Composite Market, by End-use, 2021-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Epoxy Composite Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Epoxy Composite Market Dynamics
3.1. Epoxy Composite Market Impact Analysis (2020-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for epoxy composite from the wind energy industry
3.1.1.2. Rising military expenditure
3.1.2. Market Challenges
3.1.2.1. High Cost of raw material for Epoxy Composite
3.1.3. Market Opportunities
3.1.3.1. Adoption of low-cost production technologies
3.1.3.2. Growing wind energy industry in developing economies
Chapter 4. Global Epoxy Composite Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Epoxy Composite Market, by Fiber
6.1. Market Snapshot
6.2. Global Epoxy Composite Market by Fiber, Performance – Potential Analysis
6.3. Global Epoxy Composite Market Estimates & Forecasts by Fiber 2019-2029 (USD Billion)
6.4. Epoxy Composite Market, Sub Segment Analysis
6.4.1. Glass Fiber
6.4.2. Carbon Fiber
6.4.3. Other Fiber
Chapter 7. Global Epoxy Composite Market, by End-use
7.1. Market Snapshot
7.2. Global Epoxy Composite Market by End-use, Performance – Potential Analysis
7.3. Global Epoxy Composite Market Estimates & Forecasts by End-use 2019-2029 (USD Billion)
7.4. Epoxy Composite Market, Sub Segment Analysis
7.4.1. Automotive & Transportation
7.4.2. Aerospace & Defense
7.4.3. Wind Energy
7.4.4. Electrical & Electronics
7.4.5. Sporting & Consumer Goods
7.4.6. Other End-use (Oil & Gas, Marine, Construction)
Chapter 8. Global Epoxy Composite Market, Regional Analysis
8.1. Epoxy Composite Market, Regional Market Snapshot
8.2. North America Epoxy Composite Market
8.2.1. U.S. Epoxy Composite Market
8.2.1.1. Fiber breakdown estimates & forecasts, 2019-2029
8.2.1.2. End-use breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Epoxy Composite Market
8.3. Europe Epoxy Composite Market Snapshot
8.3.1. U.K. Epoxy Composite Market
8.3.2. Germany Epoxy Composite Market
8.3.3. France Epoxy Composite Market
8.3.4. Spain Epoxy Composite Market
8.3.5. Italy Epoxy Composite Market
8.3.6. Rest of Europe Epoxy Composite Market
8.4. Asia-Pacific Epoxy Composite Market Snapshot
8.4.1. China Epoxy Composite Market
8.4.2. India Epoxy Composite Market
8.4.3. Japan Epoxy Composite Market
8.4.4. Australia Epoxy Composite Market
8.4.5. South Korea Epoxy Composite Market
8.4.6. Rest of Asia Pacific Epoxy Composite Market
8.5. Latin America Epoxy Composite Market Snapshot
8.5.1. Brazil Epoxy Composite Market
8.5.2. Mexico Epoxy Composite Market
8.6. Rest of The World Epoxy Composite Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Teijin Ltd.
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Toray Industries, Inc.
9.2.3. Huntsman Corp. LLC
9.2.4. SGL Carbon
9.2.5. Hexcel Corp.
9.2.6. Solvay
9.2.7. Park Aerospace Corp.
9.2.8. Arkema
9.2.9. Avient Corp.
9.2.10. Olin Corp.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption
The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.
Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We offer wide range of services including Syndicated Reports, Customized Reports, Competitive Intelligence and others.
