Epoxy Composites Market
By Fiber Type;
Glass Fiber, Carbon Fiber, and OthersBy Manufacturing Process;
Layup, Compression Molding, Resin Injection Molding, Resin Transfer Molding, Filament Winding, Pultrusion, and OthersBy End-Use Industry;
Wind Energy, Aerospace & Defense, Automotive & Transportation, Sporting Goods, Electrical & Electronics, Pipe & Tank, Marine, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Epoxy Composites Market Overview
Epoxy Composites Market (USD Million)
Epoxy Composites Market was valued at USD 30,919.94 million in the year 2024. The size of this market is expected to increase to USD 51,632.66 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.6%.
Epoxy Composites Market
*Market size in USD million
CAGR 7.6 %
Study Period | 2025 - 2031 |
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Base Year | 2024 |
CAGR (%) | 7.6 % |
Market Size (2024) | USD 30,919.94 Million |
Market Size (2031) | USD 51,632.66 Million |
Market Concentration | Medium |
Report Pages | 384 |
Major Players
- Cytec Solvay Group
- Hexcel Corporation
- Royal Tencate N.V.
- Teijin Limited
- Toray Industries Inc.
- Gurit Holding AG
- SGL Group
- Axiom Materials
- Mitsubishi Rayon Co., Ltd.
- Park Electrochemical Corporation
- Kemrock Industries and Exports Limited
- Sumitomo Bakelite Co., Ltd.
- Myko Engineering
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Epoxy Composites Market
Fragmented - Highly competitive market without dominant players
The Epoxy Composites Market has witnessed notable momentum due to their superior mechanical strength, chemical resistance, and durability. Their application across a broad range of industrial uses has led to widespread adoption, with demand seeing a boost of over 8% in recent years. These composites are increasingly chosen for their capacity to enhance product performance without compromising structural integrity.
The growing emphasis on lightweight and high-performance materials in manufacturing is driving substantial interest in epoxy composites. Industries have reported a 12% rise in utilization due to these benefits. Additionally, the integration of sustainable and high-strength materials across engineering sectors continues to support market acceleration, with innovations in fiber reinforcement techniques playing a pivotal role.
Technological Advancements
Rapid developments in fabrication and resin formulation technologies have enhanced the scope and efficiency of epoxy composites. Investments in R&D have contributed to a 10% increase in production capabilities. Advanced processing methods and automation have significantly reduced costs and turnaround time, making the material more accessible to manufacturers seeking premium performance.
Future Outlook
The market trajectory remains optimistic as composite technologies continue evolving to meet end-user expectations. The adoption rate is projected to increase by 13%, propelled by trends in automation, aerospace, and high-end automotive sectors. Enhanced product customizations and bio-based resin developments are likely to influence future demand patterns favorably.
Epoxy Composites Market Recent Developments
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In February 2022, Westlake Chemical finalized the acquisition of Hexion’s global epoxy division, expanding its integrated epoxy resins portfolio and strengthening position in composite materials.
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In February 2025, Westlake Epoxy unveiled the EpoVIVE sustainable epoxy range, introducing low‑carbon footprint resins and curing agents for enhanced eco‑friendly applications in aerospace, construction, and wind energy.
Epoxy Composites Market Segment Analysis
In this report, the Epoxy Composites Market has been segmented by Fiber Type, Manufacturing Process, End-Use Industry, and Geography.
Epoxy Composites Market, Segmentation by Fiber Type
The Epoxy Composites Market has been segmented by Fiber Type into Glass Fiber, Carbon Fiber, and Others.
Glass Fiber
Glass fiber dominates the epoxy composites market with an approximate share of 55%. Its advantages include cost-effectiveness, high strength-to-weight ratio, corrosion resistance, and electrical insulation. Widespread use in wind energy, construction, automotive, and marine industries continues to fuel its growth globally.
Carbon Fiber
Carbon fiber holds around 35% of the market, known for its exceptional stiffness, low weight, and high tensile strength. It is extensively used in aerospace, automotive, and sports equipment due to performance benefits. Increasing demand for lightweight, fuel-efficient solutions drives this segment’s expansion.
Others
The 'Others' category, accounting for nearly 10% of the market, includes aramid fiber, basalt fiber, and hybrid composites. These materials are gaining traction in specialty applications that require unique combinations of thermal resistance, impact strength, and durability.
Epoxy Composites Market, Segmentation by Manufacturing Process
The Epoxy Composites Market has been segmented by Manufacturing Process into Layup, Compression Molding, Resin Injection Molding, Resin Transfer Molding, Filament Winding, Pultrusion, and Others.
Layup
Layup is the most widely used process, accounting for approximately 30% of the epoxy composites market. It is favored for its low tooling cost, design flexibility, and suitability for large structures. This method is extensively used in marine, wind energy, and aerospace applications.
Compression Molding
Compression molding holds around 20% of the market share. It offers excellent surface finish, dimensional stability, and high-volume production capability. The process is commonly used in automotive parts, electrical enclosures, and appliance components.
Resin Injection Molding
Resin injection molding contributes nearly 15% to the market. It enables the production of complex parts with high fiber content and precise dimensions. This technique is increasingly adopted in industrial and aerospace applications requiring strong, lightweight components.
Resin Transfer Molding
Resin transfer molding (RTM) comprises about 12% of the market. It is used for producing high-performance parts with complex geometries and is favored for its repeatability and smooth finish. Applications include automotive body panels, aircraft interiors, and sporting goods.
Filament Winding
Filament winding accounts for roughly 10% of the epoxy composites market. It provides high strength-to-weight ratios and is commonly used in pressure vessels, pipes, and aerospace cylinders. The method ensures uniform distribution of fibers and superior structural integrity.
Pultrusion
Pultrusion represents about 8% of the market. This continuous manufacturing process is ideal for producing high-strength profiles with consistent cross-sections. It is widely applied in construction, electrical supports, and transportation infrastructure.
Others
The remaining 5% of the market includes specialized processes such as vacuum-assisted resin infusion, autoclave molding, and hand lay-up with automation. These are used in custom composite solutions requiring precision and high-performance characteristics.
Epoxy Composites Market, Segmentation by End-Use Industry
The Epoxy Composites Market has been segmented by End-Use Industry into Wind Energy, Aerospace & Defense, Automotive & Transportation, Sporting Goods, Electrical & Electronics, Pipe & Tank, Marine, and Others.
Wind Energy
Wind energy is the largest end-use industry, accounting for approximately 35% of the epoxy composites market. Epoxy composites are widely used in the production of turbine blades due to their high strength-to-weight ratio, fatigue resistance, and structural performance. The shift toward renewable energy continues to drive significant demand.
Aerospace & Defense
The aerospace & defense sector contributes around 20% of the market. Epoxy composites are used in aircraft fuselages, wing structures, and interior components for their lightweight and high mechanical strength. Stringent performance requirements and the need for fuel-efficient designs support robust growth in this segment.
Automotive & Transportation
Automotive & transportation applications represent nearly 15% of the market. Epoxy composites are utilized for lightweight body panels, structural reinforcements, and energy-absorbing parts. Growing demand for fuel economy, emission reduction, and electric vehicle platforms is accelerating adoption.
Sporting Goods
Sporting goods account for about 10% of the epoxy composites market. These materials are preferred in the production of bicycles, rackets, skis, and golf clubs due to their strength, light weight, and performance durability. Consumer preference for high-performance sports equipment continues to expand this segment.
Electrical & Electronics
Electrical & electronics hold around 8% market share, where epoxy composites are used in insulators, circuit boards, housings, and switches. Their excellent thermal stability, electrical insulation, and chemical resistance make them ideal for demanding electronic applications.
Pipe & Tank
The pipe & tank industry comprises approximately 5% of the market. Epoxy composites provide corrosion resistance, mechanical strength, and long service life, especially in chemical processing, water treatment, and oil & gas facilities.
Marine
Marine applications contribute around 4% of the market. Epoxy composites are used in boat hulls, decks, masts, and bulkheads due to their ability to withstand saltwater exposure, UV degradation, and structural stress.
Others
The remaining 3% of the market includes diverse industries such as construction, medical devices, and consumer goods. These segments are growing as the demand for lightweight and durable composite solutions increases across niche applications.
Epoxy Composites Market, Segmentation by Geography
In this report, the Epoxy Composites Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Regions and Countries Analyzed in this Report
Epoxy Composites Market Share (%), by Geographical Region
North America
North America leads the epoxy composites market with a share of approximately 34%. The region is driven by strong demand in aerospace, wind energy, automotive, and construction sectors. Advanced manufacturing capabilities and the presence of key market players support continued growth.
Europe
Europe accounts for around 28% of the market, fueled by applications in renewable energy, automotive lightweighting, and high-performance industrial components. Strict emission regulations and rising adoption of advanced composite materials are key drivers across the region.
Asia Pacific
Asia Pacific holds nearly 25% of the global market. Rapid industrialization, urbanization, and expansion in automotive, electronics, and wind energy industries are significantly boosting demand. Countries such as China, India, and South Korea are emerging as major production and consumption hubs.
Middle East and Africa
The Middle East and Africa region contributes about 7% of the market. Growth is supported by increasing investments in infrastructure, oil & gas, and renewable energy. The region is gradually adopting composite-based materials to improve performance and durability in harsh environments.
Latin America
Latin America holds an estimated 6% share of the epoxy composites market. Demand is growing in construction, transportation, and energy sectors, particularly in Brazil and Mexico. Economic recovery and industrial expansion are expected to create further opportunities in the region.
Epoxy Composites Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Epoxy Composites Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
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Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers
- Lightweighting demand in automotive structures
- Rapid wind turbine blade deployment
- Rising aerospace composite part volumes
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Superior corrosion resistance versus metals - The market is gravitating toward epoxy-based composites because their intrinsic corrosion resistance outlasts steel or aluminum in salt water, chemical splash, and humid industrial atmospheres. Unlike metals that rust or pit, these composites maintain mechanical strength and dimensional stability for decades, slashing unplanned downtime.
Lower maintenance demands translate into sizable lifecycle savings for oil platforms, desalination plants, and bridge decks, where access for inspection or repair is both risky and expensive. Operators increasingly cite total cost of ownership—not just upfront price—when choosing materials, and epoxy composites score high in that equation.
Regulators now mandate tougher corrosion-protection standards on pipelines, storage tanks, and marine infrastructure. Designers respond by specifying glass- or carbon-reinforced epoxy laminates that meet these rules without secondary coatings, simplifying compliance paperwork and reducing environmental impact.
This durability advantage is accelerating material substitution in applications where metals once dominated, firmly positioning epoxy composites as the preferred solution in harsh-exposure environments.
Restraints
- High carbon fiber material costs
- Complex fabrication and curing processes
- Recycling and end-of-life challenges
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Volatile epoxy resin feedstock prices - The industry faces cost instability because epoxy resin feedstocks rely on petrochemicals such as BPA and epichlorohydrin whose prices swing with crude-oil markets and supply-chain shocks. Sudden spikes ripple through production budgets, forcing manufacturers to renegotiate contracts or absorb thinner margins.
Dependence on a handful of large chemical producers magnifies volatility: a single plant outage or logistics bottleneck can tighten global supply overnight. Composite fabricators then delay purchases, scale back output, or shift to lower-priced thermoplastic options, directly curbing demand.
Sectors like automotive and construction are highly price-sensitive; when resin costs jump, engineers may revert to aluminum or conventional fiberglass polyester, eroding potential market share for epoxy systems.
Until bio-based epoxies and regional feedstock capacity reach commercial scale, raw-material price swings will remain a headwind for predictable growth and long-term project planning.
Opportunities
- Growth in hydrogen pressure vessels
- Expansion of urban air mobility vehicles
- 3D printing of composite components
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Increasing offshore renewable energy installations - investment in offshore renewable energy is unlocking a sizable growth lane for epoxy composites. Massive wind-turbine blades, nacelle housings, and subsea enclosures demand materials that combine low weight with extreme fatigue and salt-spray resistance—traits perfectly matched by epoxy-reinforced laminates.
Next-generation turbines pushing past 15 MW output require blades topping 100 meters. Only carbon-fiber epoxy structures deliver the stiffness-to-weight ratio needed to survive relentless ocean winds while maximizing energy capture.
Tidal and wave-power devices also lean on epoxy composites for submerged components that must resist biofouling and mechanical shock. Reliability in these harsh settings reduces maintenance voyages and keeps uptime high, critical for project economics.
Government decarbonization targets and green-finance incentives are funneling capital into offshore renewables, ensuring sustained demand for marine-grade epoxy composite solutions throughout the supply chain—from raw resin producers to blade-manufacturing specialists.
Epoxy Composites Market Competitive Landscape Analysis
Key players in Epoxy Composites Market include:
- Cytec Solvay Group
- Hexcel Corporation
- Royal Tencate N.V.
- Teijin Limited
- Toray Industries Inc.
- Gurit Holding AG
- SGL Group
- Axiom Materials
- Mitsubishi Rayon Co., Ltd.
- Park Electrochemical Corporation
- Kemrock Industries and Exports Limited
- Sumitomo Bakelite Co., Ltd.
- Myko Engineering
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Fiber Type
- Market Snapshot, By Manufacturing Process
- Market Snapshot, By End-Use Industry
- Market Snapshot, By Region
- Epoxy Composites Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
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Lightweighting demand in automotive structures
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Rapid wind turbine blade deployment
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Rising aerospace composite part volumes
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Superior corrosion resistance versus metals
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- Restraints
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High carbon fiber material costs
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Complex fabrication and curing processes
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Recycling and end-of-life challenges
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Volatile epoxy resin feedstock prices
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- Opportunities
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Growth in hydrogen pressure vessels
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Expansion of urban air mobility vehicles
-
3D printing of composite components
-
Increasing offshore renewable energy installations
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- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Epoxy Composites Market, By Fiber Type, 2021 - 2031 (USD Million)
- Glass Fiber
- Carbon Fiber
- Others
- Epoxy Composites Market, By Manufacturing Process, 2021 - 2031 (USD Million)
- Layup
- Compression Molding
- Resin Injection Molding
- Resin Transfer Molding
- Filament Winding
- Pultrusion
- Others
- Epoxy Composites Market, By End-Use Industry, 2021 - 2031 (USD Million)
- Wind Energy
- Aerospace & Defense
- Automotive & Transportation
- Sporting Goods
- Electrical & Electronics
- Pipe & Tank
- Marine
- Others
- Epoxy Composites Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Epoxy Composites Market, By Fiber Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Cytec Solvay Group
- Hexcel Corporation
- Royal Tencate N.V.
- Teijin Limited
- Toray Industries Inc.
- Gurit Holding AG
- SGL Group
- Axiom Materials
- Mitsubishi Rayon Co., Ltd.
- Park Electrochemical Corporation
- Kemrock Industries and Exports Limited
- Sumitomo Bakelite Co., Ltd.
- Myko Engineering
- Company Profiles
- Analyst Views
- Future Outlook of the Market