Epoxy Composite Market Overview:
The global epoxy composite market is projected to touch USD 38.194666 Bn at a favorable 7.4% CAGR over the predicted years (2018-2023). Epoxy resins is a high or low molecular weight polymeric or pre-polymeric material that has two epoxide groups. This is largely used in construction industries, aerospace and defense and automotive. Besides this, it is also used in the marine industry, consumer goods, sports equipment and industrial tools.
As per Organisation International des Constructers automobiles (OICA), automotive industry has produced overall 94.97 Mn vehicles expanding at 4.5% annual growth in 2018.
Apart from these industries, the product finds its application in industrial tools, sports equipment, consumer goods, and marine industry.
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Epoxy Composite Market Segment Analysis:
Market Research Future report offers an all-inclusive segmental analysis of the epoxy composite market on the basis of types and end-users.
Based on types, it is segmented into carbon epoxy composite and glass epoxy composite. Of these, the glass epoxy composite segment will have the largest market share and likely to grow faster over the predicted years as epoxy composite is largely used in various industries namely pipe and tank, electrical and electronics and wind energy and above all is cost effective than other fibers.
The glass fibre-based epoxy composite segment led the epoxy composite market, in terms of volume. Above all glass fibre-based epoxy composites led to the global epoxy composite market due to its exceptional features such as high durability, UV resistance, chemical resistance, mechanical resistance and heat & electrical resistance.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of key vendors.
Epoxy Composite Market Key Players:
Leading players profiled in the epoxy composite market include Gordon Composites, Inc. (US), SGL Group (Germany), Rotec Composite Group B.V. (Netherlands), Rotec Composite Group B.V. (Netherlands), Toray Industries, INC. (Japan), Teijin Limited (Japan), Koninklijke Ten Cate nv. (Netherlands), Cytec Solvay Group (Belgium), Hexcel Corporation (US), Axiom Materials, Inc. (US), and others.
Epoxy Composite Market Regional Analysis:
Based on region, the epoxy composite market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World. Of these, Asia Pacific will hold key share in the epoxy composite market over the predicted years owing to demand in different applications namely aerospace and defense, transportation and automotive in China, Japan and India. The burgeoning demand for epoxy composite in South Korea, Japan and India has made the APAC region the largest consumer in the market followed by North America that grabs the second largest share. Europe grabs the third highest position in the epoxy composite market. Middle East and Latin America witnessed a favorable growth in the epoxy composite market owing to its demand and use in different end user industry namely construction, electronics and others.
Epoxy Composite Market Table of Content to be Continue…….,
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