Global Epoxy Composites Market, By Resin Type (Bisphenol A, Bisphenol F, Novolac, Cycloaliphatic, Gl

Published Date: | Report Code : MT1925652

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Epoxy Composites market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as electrical & electronics, pipe &tank, wind energy, automotive & transportation during the forecast period. Epoxy composites are composite materials in which the matrix is made of epoxy resin irrespective of the fiber used. Epoxy resins have a good record in a wide range of composite parts, structures, etc. A major advantage of the epoxy resin is its low shrinkage ability. Epoxy resins can also be blended with other epoxy resins to achieve specific performance features.

The epoxy composites market is witnessing significant growth in its applications wind energy due to the replacement of traditional materials in a wind turbine with epoxy composites with superior mechanical properties. Moreover, governments in different parts of the world have imposed strict environmental laws fueling the need for sustainable energy, increasing the demand for wind turbines, and thus, escalating the demand for epoxy composites.

Segment Analysis

The Asia Pacific region is expected to be the largest market by volume and value due to the growth in the construction, transportation, and electrical & electronics segments in this region.

There is a huge scope for epoxy composites in the automobile industry due to the need for lightweight materials to reduce the overall weight of the vehicles and increase fuel efficiency. This coupled with the fact that the automotive industry is growing at a very fast pace makes this segment attractive for investment.

Key Factors Impacting Market Growth:

  • Increasing demand for epoxy composites from the wind energy industry
  • Low shrinkage and weight, strong mechanical properties, resistance to corrosion, superior electrical properties, good performance at elevated temperatures, and good adhesion to substrates is expected to be market growth drivers
  • Low-cost production technologies

Key Developments:

  • In September 2017, Hexcel Corporation announced the launch of several new advanced composite products and associated technologies at the Composites and Advanced Material Expo (CAMX) 2017 held in Florida, USA. These products were launched to meet the growing demands of the various application industries.
  • In February 2018, Huntsman International LLC announced that it has acquired Nanocomp Technologies Inc. This acquisition is going to help huntsman create a more advanced portfolio for composite materials.

Regional Analysis:

The epoxy composites market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe are major regions for the epoxy composites market owing to diversified demand from end-use industries and competitive scenarios. Some of the major end-use industries in these regions include aerospace & defense, sporting goods, electrical & electronics, pipe &tank, wind energy, automotive & transportation, marine. These markets have been dynamic in terms of new product developments and related activities. Hence, some of the emerging sub-segments in this market promise high potential in this region. Major countries for epoxy composites market in these regions include the US, Germany, France, UK, Canada, Italy, and so on. Recent economic slowdowns, trade implications and environmental concerns are some of the key impact factors influencing the market dynamics in these regions.

Developing regions including Asia Pacific, South America, and Africa have witnessed key developments in terms of organic and inorganic growth strategies. Global companies have made strategic investments in these regions with favorable production conditions and high demand from end-use industries. China, India, Brazil, South Africa, South Korea, Japan, and others have been some of the key economies in the region. Aerospace & defense, electrical & electronics, wind energy, automotive & transportation are some of the major industries in the region with strong potential for the epoxy composites market. Middle East promises a strong market potential with demand from countries including UAE, Saudi Arabia, Qatar, and others that are seeking to diversify the economic outlook. Eastern Europe consisting of Russia and Turkey is also estimated as one of the key markets with demand from aerospace & defense, electrical & electronics, wind energy, automotive & transportation.

Companies Covered: Hexcel Corporation, Park Electrochemical Corporation, Cytec Solvay Group, Gurit Holdings, Toray Industries, and Teijin Limited.....

Market Segmentation:

By Resin Type:

  • Bisphenol A
  • Bisphenol F
  • Novolac
  • Cycloaliphatic
  • Glycidylamine

By Fiber Type:

  • Natural (Jute, Kenaf, Wool, etc.)
  • Fiberglass
  • Carbon
  • Aramid (Kevlar, Twaron)
  • Others (Boron, High Modulus Polyethylene, Poly p-phenylene-2, etc.)

By Fiber Length:

  • Short Fiber Reinforced (Random Orientation, Uniform Orientation)
  • Long Fiber Reinforced (Unidirectional Orientation, Bidirectional Orientation)

By Manufacturing Process:

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

By End-Use Industry:

  • Aerospace & Defense
  • Sporting Goods
  • Electrical & Electronics
  • Pipe &Tank
  • Wind Energy
  • Automotive & Transportation
  • Marine
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Resin Type
    • By Fiber Type
    • By Fiber Length
    • By Manufacturing Process
    • By End-Use Industry
  • Eastern Europe:
  • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Resin Type
    • By Fiber Type
    • By Fiber Length
    • By Manufacturing Process
    • By End-Use Industry
  • Western Europe:
    • By Country (Germany, UK, France, Spain, Rest of Western Europe)
    • By Resin Type
    • By Fiber Type
    • By Fiber Length
    • By Manufacturing Process
    • By End-Use Industry
  • Middle East:
      • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
      • By Resin Type
      • By Fiber Type
      • By Fiber Length
      • By Manufacturing Process
      • By End-Use Industry
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Resin Type
    • By Fiber Type
    • By Fiber Length
    • By Manufacturing Process
    • By End-Use Industry
  • Rest of the World
    • By Region (South America, Africa)
    • By Resin Type
    • By Fiber Type
    • By Fiber Length
    • By Manufacturing Process
    • By End-Use Industry

Reasons To Buy This Report:

  • Market size estimation of the epoxy composites market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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