Market Research Future as Published a Research Study on the Epoxy Composite Market Research Report- Forecast to 2023
Industry News Recent Updates:
Oct 2019 - Sherwin-Williams Protective & Marine Coatings launched a novel and enhanced version of CarClad Macropoxy HS, the effective, economical, high-solids epoxy that is the common choice for railcar surfaces. The new product named CarClad Macropoxy HS 4200 prolonged weathering epoxy – provides the same lasting abrasion resistance and corrosion protection as its predecessor, and now solves an enduring appealing challenge associated with UV exposure and epoxies.
March 2019- TCS (Total Composite Solutions) have come up with its latest epoxy prepreg solution for aerospace interiors. It will allow in substituting the traditional phenolic systems and also exceed the needs of the FAR 25.853 industry standard.
Epoxy Composite Market Overview:
The global epoxy composite market is projected to touch USD 38.194666 billion 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.
Browse key industry insights spread across 140 pages with 35 market data tables & 11 figures & charts from the report, “Epoxy Composite Market Global Information-by Type (Glass, Carbon), End User (Automotive, Transportation, Aerospace & Defense, Sporting Goods, Electronics Industry, Construction Industries, and Others) and Region - Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023” in detail along with the table of contents @ https://www.marketresearchfuture.com/reports/epoxy-composite-market-2848
There are many factors that is driving the growth of the epoxy composite market. Some of these factors as per the Market Research Future (MRFR) report include growing wind energy installations in the APAC region, growing use in structural applications especially in aerospace and defense industry, demand for lightweight materials for manufacturing fuel-efficient cars owing to rising environmental concerns in Europe, rising demand from oil and gas and pipe and tank industries, increasing use in sporting goods industry for manufacturing products such as golf shafts, fishing rods, bicycles and tennis rackets, growing construction activities, soaring demand for cars and commercial aircrafts especially from emerging economies, changes in lifestyle, economic development, rapid industrialization, growing emphasis on technological innovations and increasing R&D activities. On the contrary, factors such as issues associated to recyclability coupled with high volatility in prices of raw materials is likely to restrain the growth of the epoxy composite market over the predicted years.
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.
Epoxy Composite Market Competitive Analysis:
The epoxy composite market is highly matured and is driven by towering growth in aerospace and defense industry coupled with the successful transportation segment. Most of the leading market players are investing to expand their product capacities for strengthening their position in the market.
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 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 Table Of Contents to be Continue…….,
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