Article -> Article Details
Title | Epoxy Composite Market Size & Trends | Industry Analysis Report, 2027 |
---|---|
Category | Business --> Chemicals |
Meta Keywords | Epoxy Composite Market, Epoxy Composite Industry, Researchcmfe |
Owner | Ruby |
Description | |
Increasing Demand for epoxy composite from wind energy
industry and need for material with high mechanical strength, lightweight, and
resistance against corrosion are fuelling the demand of epoxy composite across
the world. The global Epoxy
Composite Market was valued at USD 26.90 billion in 2020,
and it is expected to reach USD 41.7 billion by 2027, with a CAGR
of 6.4%, during the forecast period. Growing demand for lightweight materials in various
industries is expected to drive the demand for epoxy composites. Epoxy
composite has a low weight-to-strength ratio which increases the demand in the
industry. In addition, the increasing demand for composite materials in various
applications such as electrical and electronic, sports, and consumer goods is
expected to drive the market during the forecast period. The growth of wind
power installations and the automotive industry, especially in the Asia-Pacific
region, is expected to drive the demand for epoxy composites during the
forecast period. Get a sample of the report @ https://www.researchcmfe.com/sample-request/84 Epoxy is a thermosetting resin commonly utilize to make
composite materials. Resins are used in a wide range of concrete parts,
structures, and repairs. Epoxy is a well-known thermosetting resin used in various
composite fittings as well as concrete structures and repairs due to its
superior electrical and mechanical properties, corrosion resistance property,
and lower shrinkage properties. Various innovations that expanded the
application of epoxy resin such as application in tooth filling materials are
anticipated to fuel the market growth. Amalgam is the conventionally used
material for epoxy composites, however, it is now modernized with mercury and
silver. Silver amalgam is tough and is approved by the U.S. FDA for children of
six years and above for dental application. Moreover, Carbon fiber-epoxy composites have been used in
advanced engineering structures such as spacecraft, airplanes, automotive drive
shafts, and robotic structures due to their high specific stiffness and
specific strength. Since common metal alloys are most widely used in
engineering structures compared to advanced composite materials, the
combination of high molecular weight composite materials with metal alloys is
useful for manufacturing and exporting various structures. In general, the
effectiveness of composite structures largely depends on the gasket used rather
than the structure itself. The global epoxy composite market is highly competitive due
to the presence of several international and regional market players. Some of
the key operating players in the industry are Polyone Corporation; Toray
Industries, Inc.; Hexcel Corporation; Cytec Solvay Group; Teijin Limited;
Hindoostan Composite Solutions; Park Electrochemical Corporation; Arkema; SGL
Carbon; and Huntsman Corporation LLC. Request a customization of the report @ https://www.researchcmfe.com/customization/84 Key Findings in Epoxy Composite Market Research:
Read Full Report @ https://www.researchcmfe.com/report/84/epoxy-composite-market Recent News in Epoxy Composite Market:
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