Epoxy Composites Market Size, Industry Trends Report | 2031

Segments - Epoxy Composites Market by Fiber Types (Glass Fiber, Carbon Fiber, and Others), Manufacturing Processes (Lay-up, Compression Molding, Resin Injection, Resin Transfer Molding, Filament Winding, and Pultrusion), End-users (Aerospace & Defense, Automotive & Transportation, Marine and Oil & Gas, Wind Energy, Sporting & Consumer Goods, Electrical & Electronics, Construction, and Others), and Regions (Europe, North America, Latin America, Asia Pacific, and Middle East & Africa) Market Analysis Forecast, 2023-2031

Author : Riddhesh Dani

Fact-checked by : Harneet Meher

Editor : Shruti Bhat

Report Description

The global epoxy composites market size was valued at USD 33.31 Billion in 2022 and is likely to reach USD 68.27 Billion by 2031, expanding at a CAGR of 8.3% during 2023 – 2031. Epoxy composites are composite materials that are flexible in nature, light in weight, corrosion-resistant, and dent-resistant. These composites are manufactured from a non-woven glass core and woven glass fabric that is a combination of epoxy synthetic resin.

Market Trends, Drivers, Restraints, and Opportunities:

Rising demand from the wind energy industry is expected to drive the market during the forecast period.
Materials made from epoxy composites are resistant to corrosion, are lightweight, and have high mechanical strength is high, which in turn is driving the growth of the global market.
Growth of the wind energy industry in developing nations is creating opportunities in the market.
Development of low cost production technologies is creating lucrative opportunities for the players in the market, thus driving the market.
High costs of R&D and raw materials are restraining the market.

Scope of the report:

The report on global advanced energy market includes an assessment of the market, size, share, trends, segments, and regional markets.

Attributes	Details
Report Title	Epoxy Composites Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016-2021
Forecast Period	2023–2031
Regional Scope	Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
Report Coverage	Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Epoxy Composites Market Segment Insights:

The glass fiber segmented to lead the market during the forecast period

In terms of fiber types, the global epoxy composites market can be segregated into glass fiber, carbon fiber, and others. The glass fiber segment is projected to grow a faster pace than the carbon fiber segment and continue to dominate the market owing factors such as low weight, high durability, high bulk strength, and superior fabrication adaptability.

The resin transfer molding segment to hold considerable market share

Based on manufacturing processes, the market can be segmented into lay-up, compression molding, resin injection, resin transfer molding, filament winding, and pultrusion. The resin transfer molding has held considerable share in the recent years and this trend is expected to continue during the forecast period due to factors such as low cycle time, high fiber volume fractions, and high performance parts.

The automotive & transportation segment to expand at a substantial CAGR

On the basis of end-users, the global epoxy composites market can be segregated into aerospace & defense, automotive & transportation, marine and oil & gas, wind energy, sporting & consumer goods, electrical & electronics, construction, and others. The automotive & transportation segment led the market in 2019 and this trend is expected to continue during the forecast period due to the increase in the demand for high quality composite materials in the industry.

Asia Pacific to continue to lead the market

On the basis of regions, the market can be divided into Europe, North America, Latin America, Asia Pacific, and Middle East & Africa. Asia Pacific held largest domiant share of the market in the past few years and this trend is anticipated to continue during the forecast period due to the expansion of the wind energy sector countries such as India. China accounts for key share of the market in the region due to the demand for high quality composite materials (epoxy composites) from industries such as construction, transportation, and electrical & electronics.

Segments

By Fiber Types

Glass Fiber
Carbon Fiber
Others

By Manufacturing Processes

Lay-up
Compression Molding
Resin Injection
Resin Transfer Molding
Filament Winding
Pultrusion

By End-users

Aerospace & Defense
Automotive & Transportation
Marine and Oil & Gas
Wind Energy
Sporting & Consumer Goods
Electrical & Electronics
Construction
Others

By Regions

North America
Europe
Latin America
Asia Pacific
Middle East & Africa

By Keyplayers

Mitsubishi Chemical Corporation
Park Aerospace Corp.
Sabanc Holding.
SGL Carbon SE
Teijin Limited
Toray Industries Inc.
Barrday Inc.
Bhor Chemicals and Plastics Private Limited
Cytec Solvay Group,
Hexcel Corporation
Sumitomo Bakelite Com
Rotec Composite Group B.V.
Park Electrochemical Corporation
Axiom Materials, and Gordon Composites

Competitive Landscape

The global epoxy composites market is highly competitive due to the presence of local and multinational manufacturers. Major players in the market are expanding their presence in the global market by utilizing strategies such as capacity expansion, acquisitions, and R&D investments. Some of the prominent players in the market are Mitsubishi Chemical Corporation, Park Aerospace Corp., Sabanc Holding., SGL Carbon SE, Teijin Limited, Toray Industries Inc., Barrday Inc., Bhor Chemicals and Plastics Private Limited, Cytec Solvay Group, Hexcel Corporation, Sumitomo Bakelite Co., Ltd., Rotec Composite Group B.V., Park Electrochemical Corporation, Axiom Materials, and Gordon Composites, Inc.

Epoxy Composites Market Keyplayers

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Epoxy Composites Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Epoxy Composites Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Epoxy Composites Market - Supply Chain
  4.5. Global Epoxy Composites Market Forecast
     4.5.1. Epoxy Composites Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Epoxy Composites Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Epoxy Composites Market Absolute $ Opportunity
5. Global Epoxy Composites Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Epoxy Composites Market Size and Volume Forecast by End Users
     5.3.1. Aerospace & Defense
     5.3.2. Automotive & Transportation
     5.3.3. Marine and Oil & Gas
     5.3.4. Wind Energy
     5.3.5. Sporting & Consumer Goods
     5.3.6. Electrical & Electronics
     5.3.7. Construction
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Epoxy Composites Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Epoxy Composites Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Epoxy Composites Demand Share Forecast, 2019-2026
7. North America Epoxy Composites Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Epoxy Composites Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Epoxy Composites Market Size and Volume Forecast by End Users
     7.4.1. Aerospace & Defense
     7.4.2. Automotive & Transportation
     7.4.3. Marine and Oil & Gas
     7.4.4. Wind Energy
     7.4.5. Sporting & Consumer Goods
     7.4.6. Electrical & Electronics
     7.4.7. Construction
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Epoxy Composites Demand Share Forecast, 2019-2026
8. Latin America Epoxy Composites Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Epoxy Composites Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Epoxy Composites Market Size and Volume Forecast by End Users
     8.4.1. Aerospace & Defense
     8.4.2. Automotive & Transportation
     8.4.3. Marine and Oil & Gas
     8.4.4. Wind Energy
     8.4.5. Sporting & Consumer Goods
     8.4.6. Electrical & Electronics
     8.4.7. Construction
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Epoxy Composites Demand Share Forecast, 2019-2026
9. Europe Epoxy Composites Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Epoxy Composites Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Epoxy Composites Market Size and Volume Forecast by End Users
     9.4.1. Aerospace & Defense
     9.4.2. Automotive & Transportation
     9.4.3. Marine and Oil & Gas
     9.4.4. Wind Energy
     9.4.5. Sporting & Consumer Goods
     9.4.6. Electrical & Electronics
     9.4.7. Construction
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Epoxy Composites Demand Share Forecast, 2019-2026
10. Asia Pacific Epoxy Composites Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Epoxy Composites Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Epoxy Composites Market Size and Volume Forecast by End Users
     10.4.1. Aerospace & Defense
     10.4.2. Automotive & Transportation
     10.4.3. Marine and Oil & Gas
     10.4.4. Wind Energy
     10.4.5. Sporting & Consumer Goods
     10.4.6. Electrical & Electronics
     10.4.7. Construction
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Epoxy Composites Demand Share Forecast, 2019-2026
11. Middle East & Africa Epoxy Composites Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Epoxy Composites Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Epoxy Composites Market Size and Volume Forecast by End Users
     11.4.1. Aerospace & Defense
     11.4.2. Automotive & Transportation
     11.4.3. Marine and Oil & Gas
     11.4.4. Wind Energy
     11.4.5. Sporting & Consumer Goods
     11.4.6. Electrical & Electronics
     11.4.7. Construction
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Epoxy Composites Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Epoxy Composites Market: Market Share Analysis
  12.2. Epoxy Composites Distributors and Customers
  12.3. Epoxy Composites Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Mitsubishi Chemical Corporation
     12.4.2. Park Aerospace Corp.
     12.4.3. Sabanc Holding.
     12.4.4. SGL Carbon SE
     12.4.5. Teijin Limited
     12.4.6. Toray Industries Inc.
     12.4.7. Barrday Inc.
     12.4.8. Bhor Chemicals and Plastics Private Limited
     12.4.9. Cytec Solvay Group,
     12.4.10. Hexcel Corporation
     12.4.11. Sumitomo Bakelite Com
     12.4.12. Rotec Composite Group B.V.
     12.4.13. Park Electrochemical Corporation
     12.4.14. Axiom Materials, and Gordon Composites