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Epoxy Composite Market Trends

  • Report ID: GMI9199
  • Published Date: Apr 2024
  • Report Format: PDF

Epoxy Composite Market Trends

An emergent trend in the epoxy composites market with significant implications for growth is the increasing emphasis on sustainability and environmental friendliness. As concerns about climate change and resource depletion rise, industries are shifting towards eco-friendly materials and processes. Epoxy composites, with their lightweight nature and high strength-to-weight ratio, offer opportunities for reducing fuel consumption and emissions in transportation sectors like automotive and aerospace. Additionally, advancements in bio-based epoxy resins derived from renewable sources contribute to reducing the carbon footprint of epoxy composites. Companies investing in research and development to enhance the sustainability profile of epoxy composites are likely to capitalize on this trend, attracting environmentally conscious consumers and gaining a competitive edge in the market. As sustainability becomes a key driver of purchasing decisions, the demand for eco-friendly epoxy composites is expected to grow, driving overall market expansion.
 

Furthermore, the emphasis on sustainability in the epoxy composites market extends beyond product materials to include manufacturing processes and end-of-life considerations. Companies are increasingly adopting eco-friendly manufacturing practices such as using renewable energy sources, optimizing production efficiency to minimize waste, and implementing recycling and reuse programs for composite materials. Additionally, lifecycle assessments are being conducted to evaluate the environmental impact of epoxy composite products from cradle to grave, guiding efforts to minimize their carbon footprint and ecological footprint.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for epoxy composite was valued at USD 38.1 billion in 2023 and is set to grow at over 7.7% CAGR between 2024 and 2032, due to its unique technical properties and versatile applications.

Epoxy composite industry from the glass type segment reached a revenue of USD 38.1 billion in 2023 and is set to record USD 74.1 billion by 2032, driven by heightened global awareness surrounding environmental sustainability and stringent regulations.

North America epoxy composite market generated a revenue of USD 13.5 billion in 2023 and may reach USD 26.7 billion by 2032, driven by advanced manufacturing capabilities, coupled with a robust infrastructure.

Aoc, Llc, Ashland Global Holdings Inc., Gurit Holding Ag, Hexcel Corporation, Hexion Inc., Huntsman Corporation, and Mitsubishi Chemical Corporation among others.

Epoxy Composite Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 532
  • Countries covered: 22
  • Pages: 300
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