North America Epoxy Composite Market Size & Outlook
North America epoxy composite market, 2017-2028 (US$M)
Related Markets
North America epoxy composite market highlights
- The North America epoxy composite market generated a revenue of USD 7,988.6 million in 2020.
- The market is expected to grow at a CAGR of 9.3% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2021 to 2028.
North America data book summary
| Market revenue in 2020 | USD 7,988.6 million |
| Market revenue in 2028 | USD 16,315.7 million |
| Growth rate | 9.3% (CAGR from 2020 to 2028) |
| Largest segment | Glass fiber |
| Fastest growing segment | Carbon Fiber |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 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, North America region accounted for 28.1% of the global epoxy composite market in 2020.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 22,217.8 million by 2028.
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Epoxy Composite Market Scope
Epoxy Composite Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 60.29% in 2020. Horizon Databook has segmented the North America epoxy composite market based on glass fiber, carbon fiber, other fibers covering the revenue growth of each sub-segment from 2017 to 2028.
North America is one of the most developed economies in the world and proper socio-economic integration among countries such as U.S, Canada, and Mexico helps the economy remain stable. Robust growth in the aerospace & military, electrical & electronics, and automotive industries is anticipated to drive the North American epoxy composites market.
Among North American countries, the demand for epoxy composites is high in the U.S owing to their increasing application in commercial aircraft, cargo jets, large passenger aircraft, and military aircraft.
The presence of major manufacturers such as Airbus S.A.S and Boeing in the region is also a driving factor. In addition, the demand for composites in electrical & electronics applications is expected to increase on account of the growing need for generating electricity.
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Target buyers of North America 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 continent-level data and insights on the North America epoxy composite market , including forecasts for subscribers. This continent databook contains high-level insights into North America epoxy composite market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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North America epoxy composite market size, by country, 2017-2028 (US$M)
North America Epoxy Composite Market Outlook Share, 2020 & 2028 (US$M)
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