Epoxy resin in the global composites industry market is expected to reach $5.3 billion by 2022


   November 19 2017
According to a new market report published by Lucintel, the future of epoxy resin in the global composites industry looks good with opportunities in the transportation, marine, wind energy, aerospace, pipe & tank, construction, electrical and electronics, and consumer goods. Epoxy resin in the global composites industry is expected to reach an estimated $5.3 billion by 2022 and it is forecast to grow at a CAGR of 4.5% from 2017 to 2022. The major drivers of growth for this market are increasing use of epoxy resin in aerospace, electrical and electronic, wind energy, and pipe & tank. Epoxy provides superior properties over other thermoset such as polyester, vinyl ester, etc. in the areas of improved adhesion, chemical and heat resistance along with enhanced mechanical performance.

Browse 77 Market Data Tables 102 Figures155 Pages and in-depth TOC on "Epoxy Resin in the Global Composites Market" http://www.lucintel.com/epoxy-resin-in-composites-industry.aspx

In this market, wind energy, pipe and tank, and electrical and electronics are the major end industries. On the basis of its comprehensive research, Lucintel forecasts that the electrical and electronics segment is expected to remain the largest segment by value and volume and aerospace will experience the highest growth over the forecast period supported by introduction of new aircraft programs and increasing penetration of composites in commercial aircraft such as Boeing 787 and Airbus 350.

Asia Pacific (APAC) is expected to remain the largest region by value and volume. North America is expected to experience the highest growth over the forecast period due to growth in end use industries.

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Emerging trends, which have a direct impact on the dynamics of the industry, include the development of new generation epoxy resin systems that include faster cure cycles, easier demolding, and more process versatility and the use of hybrid epoxy in electrical and electronics applications. Hexion, Huntsman Corporations, Olin Corporation, and Nan Ya Plastics Corporation are among the major suppliers of epoxy resin for the global composites industry.

Download PDF Brochure @ http://www.lucintel.com/rb/epoxy-resin-in-composites-industry.aspx

The study includes a forecast for epoxy resin in the global composites industry by end use industry, region and by country as follows:

 By end use industry (Value ($M) and Volume (M lbs) shipment analysis for 2011 – 2022):


  • Transportation


  • Marine


  • Wind Energy


  • Aerospace


  • Pipe and Tank


  • Construction


  • Electrical and Electronics


  • Consumer Goods


  • Others


 By region (Value ($M) and Volume (M lbs) shipment analysis for 2011 – 2022):


  • North America


  • Europe


  • APAC


  • ROW


By country (Value ($M) and Volume (M lbs) shipment analysis for 2011 – 2022):


  • US


  • Canada


  • Germany


  • UK


  • France


  • China


  • Taiwan


  • India


  • Middle East


  • Others


 Download Sample Pages @ http://www.lucintel.com/ds/epoxy-resin-in-composites-industry.aspx

This 155 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com

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