Epoxy Resin In The Global Composites Market: Trends, Opportunities and Competitive Analysis [2024-2030]

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. A sample figure with insights is shown below.

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

• Lucintel 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

Q7. In epoxy resin in the global composites industry, which region is expected to be the largest in next 5 years?

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, Lucintel provides 10% Customization Without any Additional Cost.

This report answers 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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