Asia-Pacific Epoxy Composites Market, By Type (Glass Fiber, Cotton Fiber and Paper Fiber), Resin Type (Epoxy Resin, Phenolic Resin and Melamine Resin), Manufacturing Process (Lay-Up, Compression Molding, Resin Injection, Resin Transfer Molding, Filament Winding and Pultrusion), End-User (Aerospace & Defence, Automotive & Transportation, Marine and Oil & Gas, Wind Energy, Sporting & Consumer Goods, Electrical & Electronics, Construction and Others), Countries (China, India, Japan, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and Rest of Asia-Pacific) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Asia-Pacific Epoxy Composites Market
The epoxy composites market is expected to witness market growth at a rate of 8.0% in the forecast period of 2021 to 2028 and is further estimated to reach USD 19,064.58 million by 2028. Data Bridge Market Research report on epoxy composites market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for epoxy composites from the automotive sector is escalating the growth of epoxy composites market.
Epoxy composites are the type of advance level of composite material that are lighter in weight and oppose corrosion and are also flexible in nature and dent-resistant. It is generally produced from a woven glass fabric and non-woven glass core which are a mixture of epoxy synthetic resin.
Major factors that are expected to boost the growth of the epoxy composites market in the forecast period are the rise in the need for material with high mechanical strength, lightweight and resistance against corrosion. Furthermore, the increase in the need from advancing countries is further anticipated to propel the growth of the epoxy composites market. Moreover, the rise in the application of epoxy composite in the wind energy industry is further estimated to cushion the growth of the epoxy composites market. On the other hand, the rise in the instability in raw material costs as well as the various issues related to remouldability and recyclability and growing popularity of alternative resins is further projected to impede the growth of the growth of the epoxy composites market in the timeline period.
In addition, the growing acceptance of low cost production technologies and the rising wind energy industry in advancing countries will further provide potential opportunities for the growth of the epoxy composites market in the coming years. However, the rise in the price of raw material and research and advancement activities might further challenge the growth of the epoxy composites market in the near future.
This epoxy composites market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the epoxy composites market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Epoxy Composites Market Scope and Market Size
The epoxy composites market is segmented on the basis of type, resin type, manufacturing type, & end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of fiber type, the epoxy composites market is segmented into glass fiber, carbon fiber and others.
- On the basis of basis of manufacturing type, the epoxy composites market is segmented into layup process, compression molding process, resin injection molding process, resin transfer molding process, filament winding process and pultrusion process.
- On the basis of end user, the epoxy composites market is segmented into wind energy, aerospace and defense, sporting goods, automotive and transportation, electrical and electronics, pipe and tank, marine and others.
Epoxy Composites Market Country Level Analysis
The epoxy composites market is segmented on the basis of type, resin type, manufacturing type, & end-user.
The countries covered in the epoxy composites market report are the China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Epoxy Composites Market Share Analysis
The epoxy composites market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the epoxy composites market.
The major players covered in the epoxy composites market report are Huntsman International LLC., Solvay, Owens Corning, Hexcel Corporation, Rotec Composite Group B.V., ISOSPORT Composite Components GmbH, Scott Bader Company Ltd., Gurit, SGL Carbon, Sumitomo Bakelite Co., Ltd., IDI Composites International, Mitsubishi Chemical Holdings Corporation, TORAY INDUSTRIES, INC., TEIJIN LIMITED, and TPI Composites among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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