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Epoxy Composite Market: Global Forecast until 2021

  • April 2017
  • 166 pages
  • ID: 4825387
In this report:
According to the Global Wind Energy Council, in 2015, global wind energy installations increased by ##% to ##,## MW from ##,## MW in 2014.
The Middle East & Africa and Latin America are witnessing remarkable growth in the construction industry and the markets in the two regions are expected to register a CAGRs of ##.##% and ##.##% between 2016 and 2021.


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"The epoxy composite market is estimated to rise at a compound annual growth rate of ~7.3 percent during the forecast period"

The epoxy composite market is estimated to grow ~$33.1B by 2021, at a compound annual growth rate of ~7.3 percent between 2016 and 2021. The main factor projected to drive the rise of the market is the growing use of epoxy composite in the wind energy sector. Additionally, the growing demand for materials with superior properties, including lightweight, high strength, and durability is anticipated to boost the market demand for epoxy composite in the automotive & transportation, aerospace & defense, and construction industries. Nevertheless, high volatility in the raw material prices and issues associated to recyclability can restrain the market rise.

"Wind energy is anticipated to be the quickest-increasing end-user industry segment of the epoxy composite market, in terms of value importance and quantity."

The wind energy industry segment led the epoxy composite market, by value and quantity. The superior properties exhibited by epoxy composites are forecast to steer the market increase in the wind energy market. Epoxy composites enhance strength & rigidity and reduce the weight of wind blades. These composites offer great strength-to-weight capability compared to other traditional materials, and hence, facilitate more efficient designs and better fabrication. The composites are mostly used in wind blades, nacelles, and spar caps.

"Asia-Pac (APAC) is anticipated to be the quickest increasing market for epoxy composite"

APAC is anticipated to be the quickest developing market for epoxy composite during the outlook period. The main key factors anticipated to fuel the increase of the market in the area are contribute to this rise are the growing demand from the wind energy, automotive & transportation, sporting goods, aerospace & defense, and construction industries and rising urbanization and industrialization in the territory. Lightweight, easy to construct, corrosion resistance, and high mechanical strength are some of the properties, which are forecasted to drive the industry demand for epoxy composites in Asia-Pac.

This analysis has been approved through primaries managed with different market experts, globally.

Those primary sources have been sliced into the following three categories:

• By type of company- tier 1 35.0 percent, Tier 2 25.0 percent, and Tier 3 40.0 percent

• By designation- C Level- 30.0 percent, Director Level- 25.0 percent, and Others- 45.0 percent

• By region- North america (NA)- 30%, EU- 25.0 percent, Asia-pac- 30%, Middle East (ME) & African continent - 10.0 percent, and Latin America area - 5.0 percent,

• Toray Markets, Incorporated

• Kemrock Sectors and Exports Limited

• Gordon Composites, Incorporated

Segment Research

This business report includes the overall epoxy composite market and forecasts the market value until 2021. The market research includes the market segmentation by fiber type (glass, carbon, and others), end-use sector (wind energy, aerospace & defense, sporting goods, automotive & transportation, electrical & electronics, pipe & tank, marine, and others), manufacturing process (lay-up, compression molding, resin injection, resin transfer molding, filament winding, pultrusion), and area (North America continent, Europe (EU), Asia Pacific (APAC), Latin America area, and ME&A). Porter's five forces analysis together with the drivers, industry restraints, possibilities, and opportunities have been discussed in the industry report. It also offers company descriptions and competitive landscape approved by the main market players in the epoxy composite market.

Why acquiring this study can help you:

The analysis will facilitate industry top players/new sector entrants in this sector in these ways:

1. This document breaks down the epoxy composite market comprehensively and offers the closest approximations of the revenues for the global market and the sub-segments across several verticals and localities.

2. The market research benefits partners comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners to better find out players and obtain additional insights to better their positions in their businesses. The competitive outlook section includes the competitor ecosystem, and main developments, including new product launches, strategic agreements, business developments, and acquisitions approved by market actors to accomplish increase in the sector.

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