According to a market report by Lucintel, the future of the global thermoset resin in the global composites material market is attractive with opportunities in various end use industries, including marine, pipe and tank, construction, transportation, wind energy, aerospace and defense, electrical and electronics, and consumers goods. The thermoset resin in the global composites market is expected to reach an estimated $26 billion by 2035 with a CAGR of 4% from 2025 to 2035. The major drivers for growth in this market are due to the increasing demand for lightweight materials, and performance benefits of reinforced composites over rival materials.
A more than 150-page report to understand trends, opportunity and forecast in thermoset resin in the global composites market to 2035 by end use industry (marine, pipe and tank, construction, transportation, wind energy, etc.), manufacturing process (hand lay-up/ spray up, resin infusion, filament winding, pultrusion, etc.), resin type (polyester, thermoset, epoxy, phenolic, polyurethane, etc.), and region (North America, Europe, Asia Pacific and Rest of the World).
Lucintel forecasts that construction is expected to remain the largest segment by both value and volume. Expected growth in the infrastructure development, rehabilitation of old infrastructures, and capital investment in industrial development are the major driving forces that spur growth for these segments over the forecast period. Aerospace & defense is expected to witness highest growth over the forecast period.
Polyester resin will remain the largest segment by value and volume over the forecast period because it offers performance benefits for different applications and also expected to witness the highest growth over the forecast period.
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Asia Pacific is expected to remain the largest region and it is also expected to witness highest growth over the forecast period due to growth in end use industries and increasing demand for lightweight materials
INEOS Composites (KPS Capital), BASF, Covestro, Huntsman Corporation, Polynt Group, AOC (Nippon Paint Holdings Co., Ltd), Swancor Ind. Co., Ltd., Hexion Inc., Resonac, Sino Polymer Co., Ltd., Scott Bader Co. Ltd. are the major suppliers in the thermoset resin in the global composites market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] to get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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