Epoxy Composite Market - Forecast (2023 - 2028)

The Epoxy Composite Market size is forecasted to reach US$32.6 billion by 2027, after growing at a CAGR of 7.1% during 2022-2027. Epoxy composites are a type of polymer material that uses epoxy resin to create a polymer matrix that is reinforced with carbon epoxy composite, graphite epoxy-based composite. This is due to carbon/epoxy composite mechanical properties and glass fiber epoxy composite properties. The low densities of epoxy composites offer substantial fuel savings in aerospace and automotive applications.

The rise in the growth of the automotive & aerospace sector would boost the demand for epoxy composite. According to the International Organization of Motor Vehicle Manufacturers, the total production of vehicles in the European Union is around 16,330,509 units. Therefore, the rise in auto production would increase the demand for the epoxy composite market during the forecast period. However, the global economic downturn caused by the COVID-19 pandemic resulted in a huge drop in demand for Epoxy Composite in automotive, aerospace, marine and others all across the world, which had a significant impact on the growth of the Epoxy Composite industry.



This product will be delivered within 2 business days.