| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 22.17 Billion |
| Market Size (2030) | USD 27.13 Billion |
| CAGR (2025 - 2030) | 4.12 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Epoxy Composite Market Analysis
The Epoxy Composite Market size is estimated at USD 22.17 billion in 2025, and is expected to reach USD 27.13 billion by 2030, at a CAGR of 4.12% during the forecast period (2025-2030).
The COVID-19 epidemic had a negative impact on the epoxy composite market. Global lockdowns and severe government rules resulted in a catastrophic setback, as most production hubs were shut down. However, the business has been recovering since 2021 and is expected to rise significantly in the coming years.
- The major factor driving the market is the growing demand for wind energy during the forecast period.
- On the flip side, the availability of close substitutes is expected to hinder the growth of the market.
- Further, the development of low-cost technologies for the production of epoxy composites is projected to create substantial growth opportunities in the coming years.
- Asia-Pacific is expected to dominate the global epoxy composite market. It is also predicted to be the fastest-growing market during the forecast period owing to the increasing consumption for countries such as China and India.
Epoxy Composite Market Trends
There is an Increasing Demand in the Aerospace and Defense Industry
- In the aerospace and defense industry, epoxy composites improve aircraft performance in primary structures such as wings and fuselages.
- Leading aerospace parts and components manufacturers focus on lightweight solutions, particularly in demand. Reducing an aircraft's weight by 1,000 kilos saves 6,000 metric tons of aviation fuel over its lifetime.
- The global aerospace and defense industry has grown significantly over the past few years due to the growing demand for passenger travel and military expenditures worldwide. Constantly increasing oil prices have resulted in a rapid increase in demand for fuel-efficient aircraft.
- Additionally, the defense budget in countries such as the United States and China continuously increases due to rising global tensions and the country's desire to equip the armed forces with modern platforms.
- The Japanese aerospace industry manufactures aircraft components for commercial and defense aircraft. Commercial aircraft production has increased over the past few years due to the increasing cargo demands.
- In March 2024, SkyDrive Inc., one of the leading Japanese eVTOL aircraft manufacturers, announced that it started the production of its highly anticipated “SKYDRIVE (SD-05)” aircraft. This aircraft is being manufactured at Suzuki Motor Corporation’s (“Suzuki”) manufacturing plant in Iwata City, Shizuoka, Japan. Through this production, the company aims to revolutionize urban air mobility.
- The aerospace industry is undergoing rapid technological advancements and innovation, creating upswings for aircraft manufacturing. According to the Boeing Commercial Outlook 2023-2042, with a resurgence in international traffic and domestic air travel back to pre-pandemic levels, the company has projected global demand for 48,575 new commercial jets by 2042.
- In 2023, German arms producer Rheinmetall announced the construction of its new manufacturing unit in Weeze, Germany. The new facility will likely be equipped with state-of-the-art infrastructure and capable of manufacturing parts for F-35 stealth aircraft starting in 2025.
- Therefore, the growing aerospace and defense industry is expected to boost the demand for epoxy composites during the forecast period.
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Asia-Pacific is Expected to Dominate the Market
- Asia-Pacific represents the largest epoxy composite market during the forecast period.
- The electronics industry in the region has increased over the past few years owing to the consistently growing demand for smartphones, portable computing devices, consumer electronics products, gaming systems, and other personal electronic devices.
- China is the world's most extensive base for electronics production. In 2023, Huahong Group’s Wuxi planned to build a 12-inch specialty process production line with a process grade covering 65/55-40 nm and a monthly production capacity of 83,000 pieces.
- Also, in November 2023, the Government of India approved USD 360 million of investments by 27 significant electronics manufacturers to encourage more domestic IT hardware production. In addition, the Government of India allocated INR 760 million (USD 9.054 million) for electronic manufacturing in the country and introduced incentive schemes to boost the electronic manufacturing industry in April 2024.
- China's aircraft parts and assembly manufacturing sector is rapidly growing, boasting over 200 small manufacturers. Key players are predominantly based in Nanchang, Shanghai, Chengdu, Xi'an, Harbin, Shijiazhuang, and Shenyang.
- China's aerospace policy is a robust initiative to propel the nation to the forefront of aerospace development and production. Forecasts indicate that China is projected to become the world's leading market for civil aircraft sales over the next two decades.
- China's aerospace industry is recovering steadily after facing a significant decline in the previous 2-3 years. The Civil Aviation Administration of China (CAAC) has estimated that the aviation industry will recover domestic traffic to around 85% of pre-pandemic levels. According to the Boeing Commercial Outlook 2023-2042, in China, around 8,560 new deliveries will be made by 2042, and the market service value will account for USD 675 billion by 2042. Owing to such new deliveries in the country, the demand for composite adhesives in the aerospace industry will likely rise.
- India's defense manufacturing has improved, and the country has increased its export of defense equipment, including Cheetah helicopters, to countries such as Afghanistan, Indonesia, Nepal, Vietnam, South Korea, Myanmar, Israel, and Russia. The ISRO is also rapidly developing spacecraft.
- In February 2024, South Korea announced its plan to start the mass production of 40 KF-21 Boramae fighter jets this year with an investment of USD 178.6 million. The country aims to fill the power vacuum caused by the South Korean Air Force’s aging fighter fleet through the mass production of these jets.
- According to the Japan Aircraft Development Association, there will be an increase in the number of passenger aircraft in service by 1.6 times from 2022 to 2042, accounting for 25,075 in 2022 to 45,527 aircraft in 2042.
- Hence, given such trends and rapidly growing end users, the demand for epoxy composite in Asia-Pacific is anticipated to grow during the forecast period.
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Epoxy Composite Industry Overview
The global epoxy composite market is partially fragmented. The major companies (not in any particular order) are Axiom Materials, Hexcel Corporation, SGL Carbon, Mitsubishi Chemical Corporation, and Teijin Carbon Europe GmbH.
Epoxy Composite Market Leaders
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Axiom Materials
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Hexcel Corporation
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SGL Carbon
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Mitsubishi Chemical Corporation
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Teijin Carbon Europe GmbH.
- *Disclaimer: Major Players sorted in no particular order
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Epoxy Composite Market News
The recent developments pertaining to the major players in the market are being covered in the complete study.
Epoxy Composite Industry Segmentation
Epoxy composites, utilizing an epoxy resin, form a polymer matrix that is bolstered with fibers or fillers. This construction results in durable components boasting exceptional strength-to-weight ratios. Also, the lower density, compared to metals, translates to significant fuel efficiency gains, particularly in the aerospace and automotive industries.
The epoxy composite market is segmented by fiber type, end-user industry, and geography. By fiber type, the market is segmented into glass, carbon, and other fiber types. By end-user industry, the market is segmented into aerospace and defense, automotive and transportation, electrical and electronics, wind energy, sporting goods, and other end-user industries. The report also covers the market size and forecasts for the epoxy composite market for 27 major countries. For each segment, the market size and forecasts are done in terms of value (USD).
| Fiber Type | Glass | ||
| Carbon | |||
| Other Fiber Types | |||
| End-user Industry | Aerospace and Defense | ||
| Automotive and Transportation | |||
| Electrical and Electronics | |||
| Wind Energy | |||
| Sporting Goods | |||
| Other End-user Industries | |||
| Geography | Asia-Pacific | China | |
| India | |||
| Japan | |||
| South Korea | |||
| Malaysia | |||
| Thailand | |||
| Indonesia | |||
| Vietnam | |||
| Rest of Asia Pacific | |||
| North America | United States | ||
| Canada | |||
| Mexico | |||
| Europe | Germany | ||
| United Kingdom | |||
| Italy | |||
| France | |||
| Spain | |||
| NORDIC Countries | |||
| Turkey | |||
| Russia | |||
| Rest of Europe | |||
| South America | Brazil | ||
| Argentina | |||
| Colombia | |||
| Rest of South America | |||
| Middle East and Africa | Saudi Arabia | ||
| South Africa | |||
| Nigeria | |||
| Qatar | |||
| Egypt | |||
| United Arab Emirates | |||
| Rest of Middle East and Africa | |||
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Epoxy Composite Market Research FAQs
How big is the Epoxy Composite Market?
The Epoxy Composite Market size is expected to reach USD 22.17 billion in 2025 and grow at a CAGR of 4.12% to reach USD 27.13 billion by 2030.
What is the current Epoxy Composite Market size?
In 2025, the Epoxy Composite Market size is expected to reach USD 22.17 billion.
Who are the key players in Epoxy Composite Market?
Axiom Materials, Hexcel Corporation, SGL Carbon, Mitsubishi Chemical Corporation and Teijin Carbon Europe GmbH. are the major companies operating in the Epoxy Composite Market.
Which is the fastest growing region in Epoxy Composite Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Epoxy Composite Market?
In 2025, the Asia Pacific accounts for the largest market share in Epoxy Composite Market.
What years does this Epoxy Composite Market cover, and what was the market size in 2024?
In 2024, the Epoxy Composite Market size was estimated at USD 21.26 billion. The report covers the Epoxy Composite Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Epoxy Composite Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Epoxy Composites Industry Report
Statistics for the 2025 Epoxy Composite market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Epoxy Composite analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
