Global Epoxy Composite Market is predicted to reach USD 59.01 billion at a CAGR of 7.40% during the forecast period:

Pune, India, September, 2023/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Epoxy Composite Market.

Market Research Future (MRFR) has published a cooked research report on the “Global Epoxy Composite Market” that contains information from 2023 to 2030. The Global Epoxy Composite Market is estimated to register a CAGR of 7.40% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the Global Epoxy Composite Market— Axiom Materials, Barr day, Hexcel Corporation, Mitsubishi Chemical Corporation, Park Aerospace Corp., Sanders Composites, SGL Carbon, and Replies d.d.

Market Highlights

The Global Epoxy Composite Market is accounted to register a CAGR of 7.40% during the forecast period and is estimated to reach USD 59.01 Billion by 2030.

The Global Epoxy Composite Market refers to the worldwide industry involving the production, distribution, and utilization of composite materials that are primarily composed of epoxy resin matrices reinforced with fibers, often glass, carbon, or aramid fibers. Epoxy composites are known for their exceptional strength-to-weight ratios, corrosion resistance, and versatility, making them suitable for a wide range of applications across various industries.

Factors driving the growth of the Global Epoxy Composite Market include the increasing demand for lightweight and fuel-efficient materials in transportation, the need for corrosion-resistant materials in harsh environments, advancements in manufacturing techniques like additive manufacturing and automated lay-up, and the ongoing research and development efforts to improve the properties and reduce the cost of epoxy composites.

Segment Analysis

The Global Epoxy Composite Market has been segmented based on type and end use

On the basis of type, the market is segmented into Glass and Carbon. The glass fiber segment led the market accounting for a revenue share of more than 60% and will retain the leading position throughout the forecast years. This growth is attributed to the rising use of glass fiber in automotive and marine applications due to their cost-effectiveness. 

Based on end use, the market has been segmented into Automotive & Transportation and Wind Energy. The automotive & transportation end-use segment led the market with a revenue share of more than 25%. The high durability and low weight of epoxy composites make them ideal for structural components used in automotive and transportation systems.

Regional Analysis

The Global Epoxy Composite Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Epoxy Composite Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Epoxy Composite Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Epoxy Composite Market comprises of Middle East, Africa, and Latin America.

North America has a well-established epoxy composite market, driven by the aerospace, automotive, and construction industries. The United States and Canada are major contributors, with significant investments in aerospace technologies, wind energy, and defense.

Europe is another key player in the epoxy composite market, with countries like Germany, France, and the UK leading in research and application development. The aerospace and automotive sectors are strong markets for epoxy composites, and the region also has a growing interest in renewable energy, particularly wind energy, which drives demand for epoxy composite wind turbine blades.

The Asia-Pacific region is witnessing rapid growth in the epoxy composite market due to industrialization, urbanization, and infrastructure development. Countries like China, Japan, South Korea, and India are driving demand across various sectors such as construction, automotive, electronics, and marine.

Furthermore, the rest of the world's Global Epoxy Composite Market is divided into the Middle East, Africa, and Latin America. Latin America is experiencing moderate growth in the epoxy composite market. Brazil, Mexico, and Argentina are among the prominent contributors due to their automotive and construction industries. The market's growth is influenced by infrastructure projects, growing urbanization, and the adoption of advanced materials in different applications.

Key Findings of the Study

• The Global Epoxy Composite Market is expected to reach USD 59.01 Billion by 2030, at a CAGR of 7.40% during the forecast period.


• The Asia-Pacific region is witnessing rapid growth in the epoxy composite market due to industrialization, urbanization, and infrastructure development. Countries like China, Japan, South Korea, and India are driving demand across various sectors such as construction, automotive, electronics, and marine.


• Based on type, the market is segmented into Glass and Carbon holding the largest market in 2022.


• Axiom Materials, Barr day, Hexcel Corporation, Mitsubishi Chemical Corporation, Park Aerospace Corp., Sanders Composites, SGL Carbon, and Replies d.d.

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