Market Research Future (MRFR) recognizes the following companies as the key players in the Global Epoxy Composite Market: Axiom Materials, Inc. (US), Hexcel Corporation (US), Cytec Solvay Group (Belgium), Koninklijke Ten Cate nv. (Netherlands), Teijin Limited (Japan), Toray Industries, INC. (Japan), Mitsubishi Rayon Co. Ltd. (Japan), Rotec Composite Group B.V. (Netherlands), SGL Group (Germany), Gordon Composites, Inc. (US) and others.
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Epoxy Composite Market size is expected to grow at USD ~38.19466 billion by 2023. The market witnessed a significant growth over the forecasted period owing to growing end user industries such as into automotive, transportation, aerospace & defense, sporting goods, electronics industry, construction industries, and others.
The major driving factors of Epoxy Composite Market are growing demand from automotive industries In addition, the increasing demand from the aerospace and transportation industry is expected to fuel market growth of epoxy composites in near future. Furthermore, the increasing demand for construction materials with the feature like lightweight, heat resistance, durability, good mechanical properties, and excellent electrical insulating properties is expected to boost the demand for epoxy composite, However, high instability of the raw material prices and issues related to recyclability can restrain the growth of the Epoxy Composite Market.
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The Global Epoxy Composite Market is classified on the basis of mixed geographic segmentation which involves regions such as America, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific Epoxy Composite Market is largest market owing to robust industry growth of end user industry in China, Japan and India. Asia-Pacific is expected to be the fastest-growing market for Epoxy Composite. Positive stance on end-use industries such as automotive, transportation, aerospace & defense, sporting goods, electronics industry, construction industries, and others in countries like China & India is expect to drive demand. Increasing demand from the automotive & transportation, sporting goods, aerospace & defense, and construction industries, due to increase urbanization of various countries in the APAC region including India, japan and south Korea, fuel the growth of the Global Epoxy Composite Market during the forecast period.
Furthermore, North-America region stand on second positions in terms of global epoxy composite market. The demand of epoxy composite in this is becoming essential due to due to its features, such as low maintenance, durability, lightweight and high flexibility in end user industries, including automotive, aerospace & defense, transportation, sporting goods, electronics industry, and others.
The North American Epoxy Composites Industry has strong demand for its high volume usage with automated processes, decent design and advance expertise. Additionally, wind turbine industry is predicted to growing industry, increased output of aerospace & defenses industrial applications will also drive the growth for epoxy composites in North America. Due to low cost and good performance of glass fiber, will be the leading reinforcement substantial through the forecasted period.
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The third largest market of Epoxy Composite is Europe, witnessed in growth of epoxy composite market due to various application such automotive, construction and sporting goods countries like Germany, France, UK, Italy, Spain, Netherland, Poland, and rest of Europe. Latin America and Middle East also witnessed in growth of Epoxy Composite Market due to various end user industry such as automotive, electronics industry, construction industries, and others including the countries like UAE, South Africa, Saudi Arabia and rest of Middle East & Africa.
Key Points from Table of Content:
10. Company Profiles
10.1 Axiom Materials, Inc.
10.1.1 Company Overview
10.1.2 Product/Business Segment Overview
10.1.3 Financial Updates
10.1.4 Key Developments
10.2 Hexcel Corporation
10.2.1 Company Overview
10.2.2 Product/Business Segment Overview
10.2.3 Financial Updates
10.2.4 Key Developments
10.3 Cytec Solvay Group
10.3.1 Company Overview
10.3.2 Product/Business Segment Overview
10.3.3 Financial Updates
10.3.4 Key Developments
10.4 Koninklijke Ten Cate NV.
10.4.1 Company Overview
10.4.2 Product/Business Segment Overview
10.4.3 Financial Updates
10.4.4 Key Developments
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