China Epoxy Composite Market Size & Outlook, 2020-2028
China epoxy composite market, 2017-2028 (US$M)
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China epoxy composite market highlights
- The China epoxy composite market generated a revenue of USD 4,191.0 million in 2020 and is expected to reach USD 10,606.3 million by 2028.
- The China market is expected to grow at a CAGR of 12.3% from 2021 to 2028.
- In terms of segment, glass fiber was the largest revenue generating fiber type in 2020.
- Carbon Fiber is the most lucrative fiber type segment registering the fastest growth during the forecast period.
Epoxy composite market data book summary
| Market revenue in 2020 | USD 4,191.0 million |
| Market revenue in 2028 | USD 10,606.3 million |
| Growth rate | 12.3% (CAGR from 2020 to 2028) |
| Largest segment | Glass fiber |
| Fastest growing segment | Carbon Fiber |
| Historical data | 2017 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Glass Fiber, Carbon Fiber, Other Fibers |
| Key market players worldwide | Teijin Ltd, Toray Industries Inc, Huntsman Corp, SGL Group, Hexcel Corp, Solvay SA, Park Aerospace Corp, Arkema SA, Avient Corp, Olin Corp |
Other key industry trends
- In terms of revenue, China accounted for 14.8% of the global epoxy composite market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China epoxy composite market is projected to lead the regional market in terms of revenue in 2028.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 10,606.3 million by 2028.
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Epoxy Composite Market Scope
Epoxy Composite Market Companies
| Name | Profile | # Employees | HQ | Website |
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China epoxy composite market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to epoxy composite market will help companies and investors design strategic landscapes.
Glass fiber was the largest segment with a revenue share of 62.41% in 2020. Horizon Databook has segmented the China epoxy composite market based on glass fiber, carbon fiber, other fibers covering the revenue growth of each sub-segment from 2017 to 2028.
China is considered central power in the Asia Pacific region owing to their economic stability, advanced infrastructure developments, high GDP, and high per capita income. It is a developing, market-oriented economy and industrial policies and fiscal measures adopted by the country have a significant impact on the economic stability of China.
As per National Bureau of Statistics of China, the country will become the world’s largest economy in terms of nominal GDP by 2028. China is the world’s fastestgrowing consumer market and second-largest importer of goods.
The country has a prominent role in the international trade. However, it was the first in the world to report COVID-19 pandemic and the disease initially created some political and economic instabilities. However, the country rebound strongly, and it has reported a GDP growth of over 18% in 2021.
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Target buyers of China epoxy composite market databook
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Our clientele includes a mix of epoxy composite market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China epoxy composite market , including forecasts for subscribers. This country databook contains high-level insights into China epoxy composite market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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China epoxy composite market size, by fiber type, 2017-2028 (US$M)
China Epoxy Composite Market Outlook Share, 2020 & 2028 (US$M)
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