The Global Epoxy Composite Market was $26.67 Billion in 2018 & is expected to be around $38.24 Billion in 2023 with a current CAGR of 7.4%.
The Global Epoxy Composite Market is expected to witness moderate growth during the forecast period (2018 – 2023). The Asia Pacific is predicted to grow the fastest.
Recent Developments:
Epoxy Composite Market Drivers & Restraints:
The increased demand for epoxy composites from high-end industries such as an automobile, electrical & electronics, Pharmaceuticals & construction has boosted the growth in the market. Recently the composites are being used in the wind energy industry that has also boosted the growth in the market. The epoxy sector of the market is the major share contributor to the growth of the market. There is a high demand for composite adhesives from automation & aerospace industry. The composites are used to manufacture eco – friendly vehicles with light body & lightweight panels for aircraft & rockets. The reduction in Weight of components, improved crash & impact resistance, reduction in carbon emissions, and enhanced efficiency are some of the factors that have fuelled the market’s growth.The Fluctuations in prices, expensive logistics & time-consuming process of epoxy composites are some of the factors that are inhibiting the growth of the market.
Market Taxonomy:
By geography, the market is segmented into Latin America, Asia Pacific, Europe, North America, and the Middle East and Africa. Among them, the Asia Pacific is the fastest growing market both in terms of volume & size due to an increase in demand from growing automobile, & aerospace & defense industries. India, China, Taiwan, South Korea, & Japan are some of the major countries in the region where the high growth rate is projected during the forecast period.
Key Market Players:
Some of the key market players are Teijin Limited (Japan), Toray Industries, INC. (Japan), Mitsubishi Rayon Co. Ltd. (Japan), Rotec Composite Group B.V. (Netherlands), SGL Group (Germany), Gordon Composites, Inc. (United States of America), Axiom Materials, Inc. (US), Hexcel Corporation (United States of America), Cytec Solvay Group (Belgium), & Koninklijke Ten Cate NV. (Netherlands).Toray Industries (Japan) has recently released a laminate sheet TORAYCA Laminates. TORAYCA laminates are prepared by arranging carbon fibers in the same direction and impregnating them with epoxy resin. The resulting material is then molded and hardened to form plates that are being used as repair and reinforcement materials for construction activities.
Research Report Key Highlights:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Fibre Type
5.1.1 Introduction
5.1.2 Glass
5.1.3 carbon
5.1.4 Y-o-Y Growth Analysis, By Fibre Type
5.1.5 Market Attractiveness Analysis, By Fibre Type
5.1.6 Market Share Analysis, By Fibre Type
5.2 Manufacturing Process
5.2.1 Introduction
5.2.2 Lay-up
5.2.3 Compression Molding
5.2.4 Resin Injection
5.2.5 Resin Transfer Molding
5.2.6 Filament Winding
5.2.6 Pultrusion
5.2.7 Y-o-Y Growth Analysis, By Manufacturing Process
5.2.8 Market Attractiveness Analysis, By Manufacturing Process
5.2.9 Market Share Analysis, By Manufacturing Process
5.3 End-use Industry
5.3.1 Introduction
5.3.2 Y-o-Y Growth Analysis, By End-use Industry
5.3.3 Market Attractiveness Analysis, By End-use Industry
5.3.4 Market Share Analysis, By End-use Industry
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By End - user Industry
6.1.3.3 ByFibre Type
6.1.3.4 By Manufacturing Process
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By End - user Industry
6.1.4.3 By Fibre Type
6.1.4.4 By Manufacturing Process
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By End - user Industry
6.1.5.3 By Fibre Type
6.1.5.4 By Manufacturing Process
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Teijin Limited
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Toray Industries
8.3 Rotec Composite Group B.V.
8.4 Mitsubishi Rayon Co. Ltd
8.5 SGL Group
8.6 Gordon Composites
8.7 Axiom Materials, Inc
8.8 Hexcel Corporation
8.9 Cytec Solvay Group
8.10 Koninklijke Ten Cate nv.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
