Epoxy Composite Market

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Page - 1 EPOXY COMPOSITE MARKET

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+1 518 282 4727 Buy Now Inquiry Before Buying TABLE OF CONTENTS Chapter 02: Epoxy Composite Market Executive Summary Chapter 03: Epoxy Composite Market Comparative Analysis Chapter 05: Epoxy Composite Market Industry Market Entry Scenario Chapter 04: Epoxy Composite Market Start-up Companies Scenario Chapter 06: Epoxy Composite Market Forces Chapter 01: Epoxy Composite Market Overview Topic s Slide No Chapter 07: Epoxy Composite Market Strategic Analysis Chapter 08: Epoxy Composite Market - By Fiber Type Chapter 09: Epoxy Composite Market - By Matrix Type Chapter 10: Epoxy Composite Market - By Fabrication Process Chapter 11: Epoxy Composite Market - By End-use Industry Chapter 12: Epoxy Composite Market - By Geography Chapter 13: Epoxy Composite Market Entropy - 004 - 017 - 024 - 031 - 038 - 070 - 078 - 087 - 091 - 095 - 102 - 119 - 158 Chapter 14: Epoxy Composite Market Industry/Segment Competition Landscape - 160 Chapter 15: Epoxy Composite Market Key Companies List By Country - 168 Chapter 16: Epoxy Composite Market Company Profiles - 171

+1 518 282 4727 Buy Now Inquiry Before Buying EPOXY COMPOSITE MARKET OVERVIEW CHAPTER - 01

+1 518 282 4727 Buy Now Inquiry Before Buying 1.1 DEFINITIONS AND SCOPE(1/2) Epoxy composites are a form of polymer material in which a polymer matrix reinforced with fibers or other fillers is made using an epoxy resin. This enables the development of durable components with extremely high strength-to-weight ratios. Epoxy composites have lower densities than metals, which may save a lot of fuel in automobile and aeronautical applications. For polymer composite-based products, a large portion of the load-bearing capacity is provided by fibers like glass, carbon, or even polymers (such as aramids). Epoxy composites offer excellent mechanical properties, such as corrosion resistance, and design flexibility, making them attractive for a wide range of applications. Epoxy composites find applications in various industries, including aerospace, automotive, marine, construction, sports equipment, and electronics. The rise in the growth of the automotive & aerospace sectors would boost the demand for epoxy composite. According to, the International Organization of Motor Vehicle Manufacturers (OICA), the total production of vehicles in America is increased from 15,692,927 in 2020 to 17,756,263 units in 2022. Therefore, the rise in auto production would increase the demand for the epoxy composite market during the forecast period. In the construction sector, epoxy composites find applications in infrastructure projects, including bridges, buildings, and pipelines. The lifetime and structural integrity of many building projects are enhanced by the great strength and endurance of these composite materials.

+1 518 282 4727 Buy Now Inquiry Before Buying Source: IndustryARC Analysis, Expert Insights 1.1 DEFINITIONS AND SCOPE(2/2) Epoxy Composite Market SCOPE: By Fiber Type Carbon Glass Others By Matrix Type Polymer Metal Ceramics By Fabrication Process Lay-up Compression Molding Resin Injection Resin Transfer Molding Filament Winding Pultrusion By End Use Industry Building & Construction Transportation Electric & Electronics Energy Healthcare Sporting & Consumer Goods Industrial Others By Geography North America South America Europe Asia-pacific Rest of World

+1 518 282 4727 Buy Now Inquiry Before Buying RESEARCH METHODOLOGY

+1 518 282 4727 Buy Now Inquiry Before Buying RESEARCH METHODOLOGY (1/9) Research Methodology Flowchart Data Validation Verification Quality Assurance Data Triangulation Data Synthesis Data Analysis Market Scope & Definition Preliminary Research Data Gathering Preliminary Research In the initial stage of research, the scope of the epoxy composite market is defined. In this preliminary stage, the key data points in the market are identified which can be used to estimate the market to the best extent. The scope of this report primarily focuses on the revenue generated from the products manufactured by the major producers. To better gauge the market, the secondary focus is on different layers in epoxy composite market, such as products catering to disparate segments like applications.

+1 518 282 4727 Buy Now Inquiry Before Buying RESEARCH METHODOLOGY (2/9) For this market, the volume of epoxy composite, as well as the varying price points, were identified as key informational conjectures for market estimation in 2023. Market performance and trending market dynamics are some of the key questions that are studied during this stage. It also involves studying market factors and changing trends that are expected to affect the market in the future. Data Gathering Based on the scope of the market and the key data points, several secondary sources have been utilized for data gathering. The data gathering stage comprises a team of analysts who gather data by researching secondary research resources, accessing proprietary databases, and with primary research reaching out to key industry participants and opinion leaders (sales & marketing directors, product managers, market intelligence directors as well as technical experts and administrators) throughout the epoxy composite ecosystem including end-use environments forming a crucial aspect of the value chain. The key sources for estimations remained the investments made by end-user verticals along with the sales figures of product suppliers in the market. Also, various trade bodies and associations were taken into consideration to understand the dynamics of each industry vertical and their respective investment scenarios.

+1 518 282 4727 Buy Now Inquiry Before Buying RESEARCH METHODOLOGY (3/9) Data Synthesis In this stage a team of analysts incorporates the data that has been gathered by corroborating with various sources. These sources include industry participants, In- house models, regulatory bodies key opinion leaders in the market ecosystem and databases. In this stage, patterns in historical data are identified and compared with the current scenario. Based on the macro and micro factors prevalent in various geographies, various data models are used to assess the key countries for the market. The analysis also includes the identification of new companies that have entered the market scenario and their impact on the market dynamics in the future. The data regarding end users is gathered from various secondary sources (given towards the end of the presentation). Research & Development Epoxy Composite Manufacturers Regulatory Bodies/Testing Authorities Distributors End User Segments Stakeholders

+1 518 282 4727 Buy Now Inquiry Before Buying RESEARCH METHODOLOGY (4/9) Data Analysis After the corroboration of data, the team of analysts moves toward understanding how the market has evolved over the years. The overall market size is gathered after analyzing various segments and verticals of the market. An impact analysis is also carried out to see which factors will affect the market in the next few years. These factors have been researched with respect to prominent economies across different geographic regions to understand their corresponding impact on the market. Verification Data verification is carried out at all stages of research. This stage, however, is dedicated to a more thorough check of all data points, which have been incorporated and rechecked against various data sources. Various C-Level executives and key opinion leaders are contacted for verification of the data. The total market for epoxy composite is verified through the capital expenditure of various industry verticals. The market is also estimated for various key players in each of the product categories, offering another way of cross-validating the data. The data is then summarized and the key findings are disseminated.

+1 518 282 4727 Buy Now Inquiry Before Buying 1. Scope Definition: Defining scope of the Report: Analyzing its Services, operations and Geographic penetration 2. Secondary Research: Based on the scope and segmentation, secondary research is done using public, private and subscribed sources 3. Primary Research: Reach out to all the stake holders involved in ecosystem: Industry Experts insights taken to gauge and validate key data points 4. Data Interpretation & Assessment Based on the macro and micro factors prevalent in various geographies, proprietary data models are used to assess the key countries for the market 5. Data Triangulation & Validation After data compilation, it is validated with various key opinion leaders and C-level Executives globally R&D and Patents Strength Market Penetration PESTEL analysis Porter’s Analysis 6. Data Presentation Data Analysis, Summarization, Key Finding & Reporting is done for efficient dissemination of information Market Assessment HeXa-Grid Paradigm: Competitive Landscape Demand Supply Gap Analysis RESEARCH METHODOLOGY (9/9)

+1 518 282 4727 Buy Now Inquiry Before Buying EPOXY COMPOSITE MARKET EXECUTIVE SUMMARY CHAPTER - 02

+1 518 282 4727 Buy Now Inquiry Before Buying 2. EXECUTIVE SUMMARY (1/1) The Epoxy Composite market is estimated to grow at a CAGR of 5.72% during the forecast period (2023-2028) and reach $34.70 billion by 2028, from around $25.20 billion in 2022. Due to the mechanical qualities of epoxy composite, epoxy composite applications in the wind energy sector are expanding quickly, which is driving demand for epoxy composite over the projection period. According to the International Organisation of Motor Vehicle Manufacturers, the global production of cars is 61,598,650 units, while the global production of commercial vehicles was 23,418,078 units in 2022, which was 6% more than in 2021. A rise in automobile production around the globe is anticipated to increase demand for epoxy composite, which will in turn drive the market's expansion over the course of the projected period. 2022 2023 2024 2025 2026 2027 2028 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00

+1 518 282 4727 Buy Now Inquiry Before Buying 2.1 KEY TRENDS BY FIBER TYPE (1/1) The carbon segment led the epoxy composites market with a market share of around 61.4% in 2022. Carbon epoxy composites have strong structural strength and good tensile characteristics while also being relatively lightweight. It has good thermal and electrical qualities, is fire resistant, and resists corrosion. Carbon fiber composites are being explored for automotive applications, especially in high-performance vehicles, to achieve weight reduction and enhance performance. According to International Energy Agency (IEA), In 2021, sales of electric vehicles surpassed previous highs. Sales increased by almost double to 6.6 million as compared to 2020, bringing the total number of electric vehicles on the road to 16.5 million. The trend toward electric vehicles and the need for lightweight materials are driving the adoption of carbon fiber-reinforced epoxy composites. Carbon Glass Others Carbon Glass Others

+1 518 282 4727 Buy Now Inquiry Before Buying EPOXY COMPOSITE MARKET FORCES CHAPTER - 06

+1 518 282 4727 Buy Now Inquiry Before Buying 6.1. MARKET DRIVERS (2/3) Source: Expert Insights & IndustryARC Analysis The widespread use of epoxy composites in the aerospace sector Composite materials based on epoxy have become indispensable in the aerospace sector. They are mostly utilized as protective coatings on aircraft to increase their lifespan. According to IndustryARC estimates, the Aerospace & Defense market is estimated to reach $10.32 billion by 2023-2028, increasing at a CAGR of 7.58%. Epoxy's considerable aviation success is not limited to structural composite applications. They have been vital in merging and polishing structural pieces, but they are also necessary for making them last. Epoxy resins are utilized in anti-corrosion coatings and adhesive applications, where they can effectively replace or supplement heavier bonding methods such as mechanical fasteners. Furthermore, structural weight savings have an important side advantage in terms of sustainability in terms of airplane emissions. Indeed, regulatory bodies have already set CO2 emissions targets, and future emissions targets create a problem for the aerospace industry and global carriers. Fiber-reinforced polymer composite materials are fast gaining ground as preferred materials for the construction of aircraft and space crafts. According to Epoxy Europe, around 30,000 new aircraft deliveries are planned over the next 20 years, with approximately 10,000 current planes needing to be refurbished. Epoxy composites reduced the initial 2,000 pieces required for metal-based tail fins to less than 100, reducing weight and production costs. This drives the epoxy composite market and enables airlines to operate successfully in a fiercely competitive global environment. Design and maintenance efforts are primarily aimed at weight reductions for improved fuel economy and lowering service costs to ultimately reduce operating costs.

+1 518 282 4727 Buy Now Inquiry Before Buying 6.1. MARKET DRIVERS (3/3) Source: Expert Insights & IndustryARC Analysis Fresh approaches to lightweight composite materials For a quicker cure and greater strength, epoxy resins are necessary when making composites. Epoxy composite products have longer shelf lives than conventional ones. These composite materials display exceptional performance and strength in a variety of automotive and aerospace applications, despite being roughly 50% lighter than steel and nearly 30% lighter than aluminum. Due to their exceptional strength and lightweight design, they are also used in specific building applications, which has helped to expand the market and increase spending on composites research and development by the space, aerospace, marine, and automotive industries. Epoxy Composites are used in a variety of applications in the automotive industry. Additionally, epoxy-based carbon fiber-reinforced composites are used in the aerospace industry. The 2019 Automotive Lightweight Green Technology Award was given to Evonik's epoxy hardener for use in SMCS for automotive applications. The rapid development of lightweight and high-strength composites in the aerospace, transportation, and maritime navigation areas creates a significant need for energy and fuel. The use of lightweight and high-strength epoxy-based composites can effectively result in a decrease in energy consumption and an increase in fuel economy, driving the growth of the epoxy composites market. The aircraft (or vehicle) can obtain a longer range by reducing its specific gravity during voyage.

+1 518 282 4727 Buy Now Inquiry Before Buying EPOXY COMPOSITE MARKET STRATEGIC ANALYSIS CHAPTER - 07

+1 518 282 4727 Buy Now Inquiry Before Buying 7.1. VALUE/SUPPLY CHAIN ANALYSIS (1/3) Source: IndustryARC Analysis, Expert Insights Epoxy Composite Market Value Chain Supply of Epoxy Resins Supply of Fibers Includes testing & manufacturing of Pre - impregnated composite fibers Includes prototyping, testing, and manufacturing Includes manufacture of composite systems by joining several components Construction Transportation Industrial Electrical & Electronics Energy Healthcare Sporting & Consumer Goods Ohers Original Equipment Manufacturers Maintenance, Repair, and Operations Raw Material Suppliers Semi Finished Material Development of Composite Material Parts Structuring Distributor or Formulator End Users

+1 518 282 4727 Buy Now Inquiry Before Buying 7.1. VALUE/SUPPLY CHAIN ANALYSIS (2/3) The value chain analysis deals with the comprehensive evaluation of each activity involved in the process of any product or service being delivered to the end users. Each stage across the value chain of the product or service is associated with creating some sort of monetary value. The value chain of a product or service can offer the company to examine every activity across the value chain and identify the steps where elimination or modification is essential. The above figure shows a clear and simple structure of the epoxy composites industry's value chain. Despite the fact that the location of a company can be clearly identified by the type of product it produces, some organizations can still play multiple roles in the value chain, depending on the industry they serve. For example, some organizations may be recognized as suppliers of composite material parts or manufacturers of semi-finished materials. Overall, the industry is characterized by low levels of vertical integration. The major steps involved in the contribution of the total value of the epoxy composites are described below: Raw Material Suppliers: It includes the procurement of raw materials including epoxy resins, fibers such as carbon fiber, carbon fiber precursors, glass fiber, and core materials. Epoxy resins are utilized as a bonding matrix in conjunction with glass or carbon fiber fabrics to create epoxy composites with extremely high strength-to-weight characteristics, enabling the production of longer and more efficient rotor blades. Semifinished Material: Semifinished materials cover the materials that go through processes such as “prepreg” (pre- impregnated composite fibers). Prepreg is a composite material or weave of fibers pre-impregnated with a resin (i.e., epoxy resin). Common activities associated with semifinished materials include testing and manufacturing. Source: IndustryARC Analysis, Expert Insights

+1 518 282 4727 Buy Now Inquiry Before Buying EPOXY COMPOSITE MARKET - BY END-USE INDUSTRY CHAPTER - 11

+1 518 282 4727 Buy Now Inquiry Before Buying 11.1 BUILDING & CONSTRUCTION (1/1) Epoxy composites are used to create a variety of building and construction-related goods and materials, including floors, adhesives, plastics, paints, coatings, primers, and sealants. Epoxy composites are a frequently utilized alternative to have stability, durability, and increased visual value of the floor in commercial, industrial, and warehouse structures. Epoxy flooring is ideal for covering garage floors or any other outdoor surfaces since it has great resilience to normal wear and tear. The European Union's government committed funds to build approximately 1.5 million homes in 2021. It helped to positively impact the market for epoxy composites. Similarly to this, it is anticipated that the growth of the epoxy composites market in the upcoming years would be driven by the expansion of construction activities in nations like Russia, France, and the United Kingdom. One of the greatest rates of urbanization worldwide is found in China. By 2025, China will have built enough cities to equal ten New York-sized ones, according to data from the American Institute of Architects (AIA) Shanghai. which will positively affect the market for epoxy composites. Building & Construction: Epoxy Composite Market Revenue, 2022-2028 ($bn) 2022 2023 2024 2025 2026 2027 2028

+1 518 282 4727 Buy Now Inquiry Before Buying 11.1.1 RESIDENTIAL (1/1) Epoxy composites are very corrosion-resistant, which is particularly advantageous in residential construction where exposure to moisture, chemicals, and other corrosive factors is frequent. Over time, this resistance aids in preserving the structural integrity of structures. Sustainable building methods are being emphasized more and more. Environmentally friendly materials and production methods can be used to create epoxy composites. Global construction (including residential building) production will increase by 85% to $15.5 trillion by 2030, predicts "Global Construction 2030," a report by Global Building Perspectives and Oxford Economics (London, U.K.). The United States, China, and India will experience the majority of this expansion, providing a huge opportunity for epoxy composites. The increasing residential construction industries in China are aided by the nation's expanding economy. To hasten the construction of affordable homes, the housing department of Hong Kong China has launched a variety of programs. The government wants to have 301,000 public housing units accessible to the general population by 2030. By 2025, China will have constructed 7,000 new malls with a comparable designs. Residential: Epoxy Composite Market Revenue, 2022-2028 ($bn) 2022 2023 2024 2025 2026 2027 2028 0 0 0 0 0 0

+1 518 282 4727 Buy Now Inquiry Before Buying EPOXY COMPOSITE MARKET - BY GEOGRAPHY CHAPTER - 12

+1 518 282 4727 Buy Now Inquiry Before Buying 12.3.1. CHINA(1/1) Source: Expert Insights & IndustryARC Analysis The world's second-largest economy is that of China. China's GDP growth is projected to be in the range of 6.2% and 5.5%, according to projections from the International Monetary Fund. In terms of the value of industrial output, China leads the world. The mining industries (iron, steel, aluminum), coal, machine building, textiles, petroleum, cement, chemicals, consumer goods, food & beverage, automotive, and transportation equipment are some of the major industries in China. The market for epoxy composite materials in China is growing as a result of relatively positive indicators for both the building and automobile industries. The market effects of the recent switchover from old to new models in the automobile sector or the more recent occurrence of market downturn could both be to blame for the country's declining demand for specialist epoxy composite materials. Leading coating producer Axalta declared in September 2021 that work will begin on its brand-new, cutting-edge coatings factory in Jilin Province, North China. The new facility will be in charge of creating mobility coatings for automobiles and other plastic automotive parts. China: Epoxy Composite Market Revenue, 2021-2027 ($bn) 2022 2023 2024 2025 2026 2027 2028

+1 518 282 4727 Buy Now Inquiry Before Buying EPOXY COMPOSITE MARKET COMPANY PROFILES CHAPTER - 16

+1 518 282 4727 Buy Now Inquiry Before Buying 14.1. AXIOM MATERIALS, INC. (1/2) Business Overview Axiom Materials, Inc. Description Established Year 2009 Headquarters USA Revenue (2022) $1,126 M Website https://axiommaterials.com/ Source: Company News and Press Releases Kordsa Incorporated, Revenue, 2020-2022 ($M) Kordsa Incorporated, Revenue Share, By Geography, 2022 (%) Financials: Axiom Materials Inc is a subsidiary of Kordsa Incorporated Company. Hence below mentioned financials are of Kordsa Incorporated. 2020 2021 2022 Kordsa Incorporated, Revenue Share, By Segment, 2022 (%) Industrial Yarn and Cord Fab… Advanced Composite Materi… Others Europe, Middle East and Africa North America South America Asia

+1 518 282 4727 Buy Now Inquiry Before Buying Axiom Materials, Inc.: Product Portfolio Source: Company News and Press Releases Product Name Description AX-3201XL AX-3201XL is an epoxy fiberglass prepreg for processing vacuum bags that has a maximum dry operating temperature of 250°F (121°C) and a nominal cure temperature of 160°F (71°C), making it ideal for major industrial or marine items which require 30+ days out-time. AX-5201XL AX-3201XL is an epoxy carbon prepreg for processing vacuum bags that has a maximum dry operating temperature of 250°F (121°C) and a nominal cure temperature of 160°F (71°C), making it ideal for major industrial or marine items. AX-5204 AX-5204 is a high-clarity epoxy carbon laminating prepreg for materials It features a fluctuating degree curing prepreg for aesthetic laminates that are UV resistant and that have a variable nominal cure temperature which is widely used in automotive applications. AX-5270 AX-5270, the structural epoxy carbon prepreg, is utilized in building composite materials and has an ultimate dry usage temperature of 350°F (177°C) after 350°F posture. Its minimum cure temperature is 285°F (141°C). AX-3260EL The epoxy fiberglass machining prepreg AX-5270 has a maximal dry operational temperature of 125°F (52°C) initially, 380°F (193°C) final at first application, and 375°F (191°C) at final application. AX-3270 The structural epoxy fiberglass prepreg AX-3270 has an ultimate dry operational temperature of 350°F (177°C) after 350°F posture and a minimal cure temperature of 285°F (141°C). AX-3112T AX-3270 is a superior strength flame retardant epoxy fiberglass prepreg with flame retardant laminates, ducting, honeycomb panels, and foam columns. Its minimum cure temperature is 250°F (121°C) and its optimum dry temperature of operation is 200°F (93°C). Developments: There are no developments for the last 5 years pertaining to the market. 14.1. AXIOM MATERIALS, INC. (2/2)

Epoxy Composite Market

Epoxy Composite Market

Akshay Sharma

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Copyright ©2024 IndustryARC Copyright ©2024 IndustryARC | | | [email protected]

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