Epoxy Resin in the Global Composites Industry : Trends, Forecast, and Opportunity Analysis 1

Industry Profiles Snapshot Major ParameterDescription Market Segments by End Use Industry Transportation, marine, wind energy, aerospace, pipe and tank, construction, electrical and electronics, consumer goods, and others Market Segments by Region North America, Europe, Asia Pacific and Rest of the World Market Segments by Country US, Canada, Germany,UK, France, China, India, Japan, Taiwan, Middle East, and others Top Companies Name Hexion, Huntsman Corporations, Olin Corporation, and Nan Ya Plastics Corporation Trend Growth Rate and CAGR4.5% Key Industry Forecast 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 Key Industry Driver Driver: 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. 2

Industry Overview Market Size 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 Emerging trends, which have a direct impact on the dynamics of epoxy resin in the global composites 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. Market Size (2022)$5.3 billion CAGR ( )4.5% 3 Industry Performance : Forecast