The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
#How have key drivers contributed to the rapid growth of the epoxy composite market?
The growing automotive industry is expected to propel the growth of the epoxy composite market going forward. The automotive industry refers to a broad range of businesses and organizations involved in designing, developing, producing and modifying motor vehicles. Epoxy composites are used in the automotive industry to manufacture safe, fuel-efficient vehicles with better performance and design options. These composites are lightweight and have high specific stiffness, making them ideal for automotive components. For instance, in 2022, according to a report shared by the International Organization of Motor Vehicle Manufacturers, a France-based trade association, the sales of passenger vehicles across the globe increased from 56.43 million in 2021 to 57.48 million in 2022. Therefore, the growing automotive industry is driving the growth of the epoxy composite market.
Epoxy Composite Market Driver: Growth In The Aerospace Industry Boosts The Epoxy Composite Market
The growing aerospace industry is expected to propel the growth of the epoxy composite market going forward. The aerospace industry is a sector that deals with vehicular flight within and beyond Earth’s atmosphere and encompasses research, development, design, manufacturing, operation, and maintenance of both aircraft and spacecraft. Epoxy composites are widely used in the aerospace industry due to their superior properties, such as high strength, lightweight, durability, and resistance to corrosion and chemicals. It is used to manufacture various aircraft components, such as wings, fuselage, and landing gear. For instance, in January 2023, according to Airbus SE, a Netherlands-based aerospace corporation, the company delivered 661 commercial aircraft to 84 customers in 2022, representing an increase of 8% from the 611 units sold in 2021. Therefore, the growing aerospace industry is driving the growth of the epoxy composite market.
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How has the epoxy composite market size evolved, and what are the latest forecasts for its expansion?
The epoxy composite market size has grown strongly in recent years. It will grow from $37.24 billion in 2024 to $40.33 billion in 2025 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to infrastructure development, growing renewable energy sector, rising demand from the electronics industry, growing awareness of the benefits of epoxy composites.
The epoxy composite market size is expected to see strong growth in the next few years. It will grow to $53.97 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increased demand from the aerospace and defense industry, rising demand from the automotive industry, growing demand from the construction industry, rising investment in research and development. Major trends in the forecast period include advances in manufacturing processes, development of new epoxy composite formulations, growing adoption of epoxy composites in additive manufacturing, advanced material development, aerospace materials innovation, nanocomposites integration, digital twins and simulation, cross-industry collaborations.
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Which major companies dominate the epoxy composite market?
Major companies operating in the epoxy composite market are Mitsubishi Chemical Corporation, Toray Industries Inc., Westlake Epoxy Inc., Arkema S.A., Nanya Plastics Corporation, Owens Corning, Sika AG, Huntsman Corp. LLC, Teijin Ltd., Aditya Birla Chemicals, Sumitomo Bakelite Co. Ltd., Hexcel Corp., Solvay S.A., SGL Carbon, Koninklijke Ten Cate B.V., Gurit Holding, Scott Bader Company Ltd., RAMPF Group, L&L Products India Pvt. Ltd., Composite One LLC, Park Aerospace Corp., Hindoostan Composite Solutions, Axiom Materials Inc., Gordon Composites Inc., Barrday Inc., Quantum Composites, Sanders Composites, Copps Industries Inc.
What trends will shape the future of the epidural abscess treatment market?
Major companies operating in the epoxy composite market are focused on introducing next-generation epoxy materials to gain a competitive edge in the market. Next-generation epoxy materials refer to advanced and innovative formulations of epoxy resins and related compounds that offer improved properties, performance, and applications compared to traditional epoxy materials. For instance, in September 2022, Solvay S.A., a France-based chemical company, launched LTM 350, a next-generation carbon fiber epoxy prepreg tooling material that offers remarkable time and cost savings for swift tooling in the aerospace and composites industries. It was designed as a low temperature prepreg with user-friendly tack, drape and handling to enable the fastest lay-up speeds while giving the best surface polish, establishing new benchmarks in cost-effective composite tooling. LTM 350 is an innovative epoxy prepreg demonstrating the company’s ongoing commitment to aid OEMs (original equipment manufacturers), subcontractors and tool makers in the composites industry in achieving challenging productivity goals.
Which region dominates the epoxy composite market, and what factors contribute to its leadership?
Asia-Pacific was the largest region in the epoxy composite market in 2024. It is expected to be the fastest-growing region in the forecast period. The regions covered in epoxy composite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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How is the epoxy composite market segmented, and which segment holds the largest share?
The epoxy composite market covered in this report is segmented –
1) By Fiber Type: Glass Fiber, Carbon Fiber, Other Fiber Types
2) By Manufacturing Process: Lay-up, Compression Molding, Resin Injection, Resin Transfer Molding, Filament Winding, Pultrusion
3) By End User: Aerospace And Defense, Automotive, Electrical And Electronics, Wind Energy, Sporting Goods, Marine, Piping, Other End Users
Subsegments:
1) By Glass Fiber: E-Glass Fiber, S-Glass Fiber, C-Glass Fiber
2) By Carbon Fiber: High-Strength Carbon Fiber, Intermediate Modulus Carbon Fiber, High Modulus Carbon Fiber
3) By Other Fiber Types: Aramid Fiber, Natural Fiber, Basalt Fiber
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What defines the structure and scope of the epoxy composite market?
Epoxy composite is a polymer material that uses epoxy resin to create a polymer matrix reinforced with fibers or other materials. They offer low densities relative to metals and high strength-to-weight ratios, making them ideal for aerospace and automotive applications.
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