Epoxy Composite Industry to Garner Brimming Growth
Market Analysis The global epoxy composite market is projected to touch USD 38.194666 billion at a favorable 7.4% CAGR over the predicted years. Epoxy resins is a high or low molecular weight polymeric or pre-polymeric material that has two epoxide groups. This is largely used in construction industries, aerospace and defense and automotive. Besides this, it is also used in the marine industry, consumer goods, sports equipment and industrial tools. There are many factors that is driving the growth of the epoxy composite industry . Some of these factors as per the Market Research Future (MRFR) report include growing wind energy installations in the APAC region, growing use in structural applications especially in aerospace and defense industry, demand for lightweight materials for manufacturing fuel-efficient cars owing to rising environmental concerns in Europe, rising demand from oil and gas and pipe and tank industries, increasing use in sporting goods industry for ...