Epoxy Resin in the Global Composites Industry Trends and Forecast
The future of the epoxy resin in the global composites industry looks promising with opportunities in transportation, marine, wind energy, aerospace, pipe & tank, construction, electrical and electronics, and consumer goods applications. The epoxy resin in the global composites industry is expected to reach an estimated $11 billion by 2030 with a CAGR of 6% from 2023 to 2030. The major drivers of growth for this market are increasing use of epoxy resin in the global composites industry in aerospace, electrical and electronic, wind energy, and pipe & tank applications. Epoxy provides superior properties over other thermoset such as polyester, vinyl ester, etc. in the areas of improved adhesion, chemical, and heat resistance along with enhanced mechanical performance.Emerging Trends in the Epoxy Resin in the Global Composites Industry Market
Emerging trends, which have a direct impact on the dynamics of the industry, include use of hybrid epoxy in electrical and electronics applications, increased use of epoxy resin in the global composites industry for prepreg materials, and emergence of next generation resin system which reduces cycle time.A total of 80 figures / charts and 72 tables are provided in this 152-page report to help in your business decisions.
Epoxy Resin in the Global Composites Industry by Segment
The study includes a forecast for the epoxy resin in the global composites industry by application, and region as follows:By Application [Value ($B) and Volume (M lbs) Shipment Analysis for 2018 - 2030]:
- Transportation
- Marine
- Wind Energy
- Aerospace
- Pipe and Tank
- Construction
- Electrical and Electronics
- Consumer Goods
- Others
By Region [Value ($B) and Volume (M lbs) Shipment Analysis for 2018 - 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Epoxy Resin Companies in the Global Composites Industry
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies epoxy resin in the global composites industry companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the epoxy resin in the global composites industry companies profiled in this report include.- Huntsman Corporation
- Olin Corporation
- Nan Ya Plastics Corporation
- Aditya Birla Chemicals Limited (Thai Epoxy)
- Kukdo Chemical Co., Ltd.
- Westlake
Epoxy Resin in the Global Composites Industry Insight
- The publisher forecasts that wind energy will remain the largest application segment over the forecast period due to the increased use of epoxy resin due to its mechanical properties in this segment.
- Asia Pacific is expected to remain the largest region over the forecast period due to due to the increasing demand for tablets, computers, and cell phones in APAC spurred growth for epoxy resin in the global composites industry in the electrical and electronics segment.
Features of Epoxy Resin in the Global Composites Industry
- Market Size Estimates: Epoxy resin market size estimation in terms of value ($M) and Volume (M lbs)
- Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
- Segmentation Analysis: Market size by application and region
- Regional Analysis: Recycled carbon fiber market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different application and regions for the epoxy resin in the global composites industry market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the epoxy resin in the global composites industry market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the epoxy resin in the global composites industry size?Answer: The epoxy resin in the global composites industry is expected to reach an estimated $11 billion by 2030.
Q2. What is the growth forecast for epoxy resin in the global composites industry?
Answer: The epoxy resin in the global composites industry is expected to grow at a CAGR of 6% from 2023 to 2030.
Q3. What are the major drivers influencing the growth of the epoxy resin in the global composites industry?
Answer: The major drivers of growth for this market are increasing use of epoxy resin in the global composites industry in aerospace, electrical and electronic, wind energy, and pipe & tank. Epoxy provides superior properties over other thermoset such as polyester, vinyl ester, etc. in the areas of improved adhesion, chemical and heat resistance along with enhanced mechanical performance.
Q4. What are the major applications or end use industries for epoxy resin in the global composites industry?
Answer: Transportation, marine, wind energy, aerospace, pipe & tank, construction, electrical and electronics, and consumer goods use are the major applications for epoxy resin in the global composites industry.
Q5. What are the emerging trends in epoxy resin in the global composites industry?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include use of hybrid epoxy in electrical and electronics applications, increased use of epoxy resin in the global composites industry for prepreg materials, and emergence of next generation resin system which reduces cycle time.
Q6. Who are the key epoxy resin in the global composites industry companies?
Answer: Some of the key epoxy resin in the global composites industry companies are as follows:
- Huntsman Corporation
- Olin Corporation
- Nan Ya Plastics Corporation
- Aditya Birla Chemicals Limited (Thai Epoxy)
- Kukdo Chemical Co., Ltd.
- Westlake
Answer: APAC is expected to remain the largest region and it is also witness the highest growth over next 5 years.
Q8 . What is the Price of Epoxy Resin?
Answer: Average epoxy resin prices can vary between $ 2.5 to $3.5 per pound, based on several factors, including the type of epoxy, its formulation, the application it is intended for, and market conditions. Epoxy resin used for general industrial applications where extreme performance is not critical, typically lower in price. High purity grades are used in applications such as electronics or aerospace, leading to higher prices.
Q9. Do we receive customization in this report?
Answer: Yes, The publisher provides 10% Customization Without any Additional Cost.
This report answers the following 11 key questions
Q.1 What are some of the most promising potential, high growth opportunities for the epoxy resin in the global composites industry by applications (transportation, marine, wind energy, aerospace, pipe and tank, construction, electrical and electronics, consumer goods, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
2. Global Epoxy Resin in the Global Composites Industry Market Dynamics
- 2.1: Introduction, Background, and Classifications
- 2.2: Supply Chain
- 2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
- 3.1: Macroeconomic Trends and Forecasts
- 3.2: Global Epoxy Resin in the Global Composites Industry Market Trends and Forecast
- 3.3 Global Epoxy Resin in the Global Composites Industry Market by Application
- 3.3.1: Transportation
- 3.3.2: Marine
- 3.3.3: Wind Energy
- 3.3.4: Aerospace
- 3.3.5: Pipe and Tank
- 3.3.6: Construction
- 3.3.7: Electrical and Electronics
- 3.3.8: Consumer Goods
- 3.3.9: Others
4. Market Trends and Forecast Analysis by Region
- 4.1: Global Epoxy Resin in the Global Composites Industry Market by Region
- 4.2: North American Epoxy Resin in the Global Composites Industry Market
- 4.2.1: Market by Application
- 4.3: European Epoxy Resin in the Global Composites Industry Market
- 4.3.1: Market by Application
- 4.4: APAC Epoxy Resin in the Global Composites Industry Market
- 4.4.1: Market by Application
- 4.5: ROW Epoxy Resin in the Global Composites Industry Market
- 4.5.1: Market by Application
5. Competitor Analysis
- 5.1: Product Portfolio Analysis
- 5.2: Operational Integration
- 5.3: Geographical Reach
- 5.4: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
- 6.1: Growth Opportunity Analysis
- 6.1.1: Growth Opportunities for the Global Epoxy Resin in the Global Composites Industry Market by Application
- 6.1.2: Growth Opportunities for the Global Epoxy Resin in the Global Composites Industry Market by Region
- 6.2: Emerging Trends in the Global Epoxy Resin in the Global Composites Industry Market
- 6.3: Strategic Analysis
- 6.3.1: New Product Development
- 6.3.2: Capacity Expansion
- 6.3.3: Mergers and Acquisitions
- 6.3.4: Certificate and Licensing
7. Company Profiles of Leading Players
- 7.1: Huntsman Corporation
- 7.2: Olin Corporation
- 7.3: Nan Ya Plastics Corporation
- 7.4: Aditya Birla Chemicals Limited (Thai Epoxy)
- 7.5: Kukdo Chemical Co., Ltd.
- 7.6: Westlake
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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