The global Epoxy Composites Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Type (Glass Fiber, Carbon Fiber, Others), By End-User (Automotive, Aerospace, Wind Energy, Electronics, Consumer Goods, Others).
The epoxy composites market is experiencing robust growth in 2024, driven by their versatile applications in industries such as aerospace, automotive, construction, marine, and electronics. Epoxy composites are advanced materials consisting of epoxy resin matrices reinforced with fibers such as carbon, glass, or aramid, offering superior mechanical properties, lightweight, and corrosion resistance. These composites are widely used for structural components, laminates, coatings, and adhesives due to their high strength-to-weight ratio and excellent fatigue resistance. In the aerospace industry, epoxy composites are utilized for aircraft components such as fuselages, wings, and engine nacelles to reduce weight and improve fuel efficiency. Further, in the automotive sector, they are employed for manufacturing lightweight parts such as body panels, chassis, and interior components to enhance performance and fuel economy. Additionally, in construction applications, epoxy composites are used for reinforcing concrete structures, bridges, and pipelines to increase durability and resistance to environmental factors such as corrosion and seismic activity. Furthermore, in marine applications, epoxy composites serve as materials for boat hulls, decks, and masts due to their resistance to water, chemicals, and UV radiation. As industries to seek lightweight, durable, and sustainable materials for their products and structures, the demand for high-quality epoxy composites is expected to growing, stimulating market expansion and fostering innovation in composite materials and manufacturing processes.
The market report analyses the leading companies in the industry including Arkema S.A., Avient Corp, Hexcel Corp, Huntsman Corp LLC, Olin Corp, Park Aerospace Corp, SGL Carbon, Solvay S.A., Teijin Ltd, Toray Industries Inc, and others.
A prominent trend in the epoxy composites market is the growing demand for lightweight and high-strength materials across various industries. Epoxy composites, characterized by their excellent mechanical properties, chemical resistance, and versatility, are increasingly preferred over traditional materials such as metals and plastics in applications where weight reduction, durability, and performance are critical. Industries such as aerospace, automotive, renewable energy, construction, and sports equipment are adopting epoxy composites for components and structures that require superior strength-to-weight ratios, corrosion resistance, and design flexibility. Moreover, advancements in composite manufacturing technologies, such as resin infusion, automated lay-up, and additive manufacturing, enable the production of complex shapes and intricate geometries, further driving the adoption of epoxy composites in diverse industrial applications. The trend towards lightweight and high-strength materials shapes the market dynamics for epoxy composites, driving innovation, product development, and market expansion across industries.
The driver for the epoxy composites market is advancements in material science and manufacturing technologies. Continuous research and development efforts in material science, polymer chemistry, and composite engineering have led to the formulation of epoxy resins with enhanced properties such as higher strength, toughness, and temperature resistance, as well as improved processability and curing kinetics. Additionally, advancements in composite manufacturing technologies, such as automated lay-up, resin transfer molding (RTM), and 3D printing, enable efficient production of epoxy composite components with complex geometries and tailored properties. These advancements address industry demands for cost-effective, scalable, and high-performance composite solutions, driving the adoption of epoxy composites in various applications ranging from aerospace structures and automotive components to wind turbine blades and sporting goods. The continuous innovation in material science and manufacturing technologies serves as a key driver for the epoxy composites market, enabling manufacturers to meet evolving customer requirements and market demands for advanced composite materials.
A potential opportunity for the epoxy composites market lies in the penetration into emerging applications in infrastructure and renewable energy. Epoxy composites offer unique properties such as high strength, corrosion resistance, and design flexibility, making them suitable for a wide range of infrastructure applications including bridges, pipelines, marine structures, and buildings. Moreover, epoxy composites play a vital role in renewable energy applications such as wind energy and solar power, where lightweight, durable materials are essential for turbine blades, nacelles, solar panels, and energy storage systems. By expanding into emerging applications in infrastructure and renewable energy sectors, epoxy composite manufacturers can diversify their customer base, tap into new market segments, and capitalize on growing demand for sustainable and resilient materials. Collaboration with infrastructure developers, renewable energy companies, and government agencies can facilitate the development of customized epoxy composite solutions that address specific challenges and requirements in these sectors, unlocking opportunities for growth and innovation in the dynamic composite materials market.
The Glass Fiber segment is the largest segment in the Epoxy Composites market due to its versatility, wide-ranging applications, and cost-effectiveness compared to other types of epoxy composites. Glass fiber-reinforced epoxy composites are widely used in various industries, including automotive, aerospace, construction, marine, and wind energy, among others. Glass fibers, made from silica-based materials, offer excellent tensile strength, stiffness, and impact resistance, making them suitable for reinforcing epoxy matrices in composite materials. These composites find applications in automotive components, such as body panels, chassis, and interior parts, where lightweight and high-strength materials are desired for improved fuel efficiency and vehicle performance. Moreover, glass fiber-reinforced epoxy composites are extensively used in aerospace structures, marine vessels, and wind turbine blades due to their corrosion resistance and fatigue durability. Additionally, the relatively lower cost of glass fiber compared to carbon fiber makes it a preferred choice for applications where cost considerations are paramount. The combination of performance, affordability, and widespread availability solidifies the dominance of the Glass Fiber segment in the Epoxy Composites market.
The Wind Energy segment is the fastest-growing segment in the Epoxy Composites market, fuelled by the increasing demand for renewable energy sources and the expansion of wind power generation worldwide. Epoxy composites play a crucial role in the manufacturing of wind turbine blades, where they are used as structural materials to enhance strength, stiffness, and fatigue resistance. As the wind energy industry continues to grow and evolve, there is a heightened focus on increasing the efficiency and reliability of wind turbines to maximize energy output and reduce operational costs. Epoxy composites offer advantages such as lightweight construction, corrosion resistance, and design flexibility, enabling the production of larger and more efficient wind turbine blades capable of capturing greater wind energy and operating in diverse environmental conditions. Additionally, advancements in epoxy resin formulations and composite manufacturing processes have led to the development of next-generation blade designs optimized for performance and durability. With governments and industries worldwide investing in renewable energy infrastructure and transitioning towards sustainable power generation, the demand for epoxy composites in the wind energy sector is expected to experience rapid growth, driving innovation and expansion in the segment.
By Type
Glass Fiber
Carbon Fiber
Others
By End-User
Automotive
Aerospace
Wind Energy
Electronics
Consumer Goods
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Arkema S.A.
Avient Corp
Hexcel Corp
Huntsman Corp LLC
Olin Corp
Park Aerospace Corp
SGL Carbon
Solvay S.A.
Teijin Ltd
Toray Industries Inc
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Epoxy Composites Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Epoxy Composites Market Size Outlook, $ Million, 2021 to 2032
3.2 Epoxy Composites Market Outlook by Type, $ Million, 2021 to 2032
3.3 Epoxy Composites Market Outlook by Product, $ Million, 2021 to 2032
3.4 Epoxy Composites Market Outlook by Application, $ Million, 2021 to 2032
3.5 Epoxy Composites Market Outlook by Key Countries, $ Million, 2021 to 2032
4 Market Dynamics
4.1 Key Driving Forces of Epoxy Composites Industry
4.2 Key Market Trends in Epoxy Composites Industry
4.3 Potential Opportunities in Epoxy Composites Industry
4.4 Key Challenges in Epoxy Composites Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Epoxy Composites Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Epoxy Composites Market Outlook by Segments
7.1 Epoxy Composites Market Outlook by Segments, $ Million, 2021- 2032
By Type
Glass Fiber
Carbon Fiber
Others
By End-User
Automotive
Aerospace
Wind Energy
Electronics
Consumer Goods
Others
8 North America Epoxy Composites Market Analysis and Outlook To 2032
8.1 Introduction to North America Epoxy Composites Markets in 2024
8.2 North America Epoxy Composites Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Epoxy Composites Market size Outlook by Segments, 2021-2032
By Type
Glass Fiber
Carbon Fiber
Others
By End-User
Automotive
Aerospace
Wind Energy
Electronics
Consumer Goods
Others
9 Europe Epoxy Composites Market Analysis and Outlook To 2032
9.1 Introduction to Europe Epoxy Composites Markets in 2024
9.2 Europe Epoxy Composites Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Epoxy Composites Market Size Outlook by Segments, 2021-2032
By Type
Glass Fiber
Carbon Fiber
Others
By End-User
Automotive
Aerospace
Wind Energy
Electronics
Consumer Goods
Others
10 Asia Pacific Epoxy Composites Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Epoxy Composites Markets in 2024
10.2 Asia Pacific Epoxy Composites Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Epoxy Composites Market size Outlook by Segments, 2021-2032
By Type
Glass Fiber
Carbon Fiber
Others
By End-User
Automotive
Aerospace
Wind Energy
Electronics
Consumer Goods
Others
11 South America Epoxy Composites Market Analysis and Outlook To 2032
11.1 Introduction to South America Epoxy Composites Markets in 2024
11.2 South America Epoxy Composites Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Epoxy Composites Market size Outlook by Segments, 2021-2032
By Type
Glass Fiber
Carbon Fiber
Others
By End-User
Automotive
Aerospace
Wind Energy
Electronics
Consumer Goods
Others
12 Middle East and Africa Epoxy Composites Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Epoxy Composites Markets in 2024
12.2 Middle East and Africa Epoxy Composites Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Epoxy Composites Market size Outlook by Segments, 2021-2032
By Type
Glass Fiber
Carbon Fiber
Others
By End-User
Automotive
Aerospace
Wind Energy
Electronics
Consumer Goods
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Arkema S.A.
Avient Corp
Hexcel Corp
Huntsman Corp LLC
Olin Corp
Park Aerospace Corp
SGL Carbon
Solvay S.A.
Teijin Ltd
Toray Industries Inc
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Type
Glass Fiber
Carbon Fiber
Others
By End-User
Automotive
Aerospace
Wind Energy
Electronics
Consumer Goods
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Epoxy Composites Market Size is valued at $32.4 Billion in 2024 and is forecast to register a growth rate (CAGR) of 7.6% to reach $58.2 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Arkema S.A., Avient Corp, Hexcel Corp, Huntsman Corp LLC, Olin Corp, Park Aerospace Corp, SGL Carbon, Solvay S.A., Teijin Ltd, Toray Industries Inc
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume