Thermoset Resin in the Global Composites Market is anticipated to grow at a CAGR of 5.1% during 2021-2027

The global thermoset resin in the global composites market is projected to reach $23.9 billion by 2027, at a CAGR of 5.1% during 2021-2027. The growth of thermoset resin in the global composites market is driven by the increasing demand for lightweight materials, and performance benefits of reinforced composites over rival materials.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the thermoset resin in the global composites market by end use (marine, pipe and tank, construction, transportation, wind energy, aerospace and defense, electrical and electronics, consumers goods, and others), manufacturing process (hand lay-up/ spray up, resin infusion, filament winding, pultrusion, injection molding, compression molding, prepreg lay-up, and others), resin type (polyester, thermoset, epoxy, phenolic, polyurethane, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the thermoset resin in the global composites market?

Q.4 What are some changing demands of customers in the thermoset resin in the global composites market?

Q.5 What are the new developments in the thermoset resin in the global composites market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this thermoset resin in the global composites area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this thermoset resin in the global composites market? 

Emerging trends, which have a direct impact on the dynamics of the industry, include use of hybrid thermoset resin in many applications.

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Market Segmentation:

Based on end use, the thermoset resin in the global composites market is segmented into marine, pipe and tank, construction, transportation, wind energy, aerospace and defense, electrical and electronics, consumers goods, and others. The construction segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to 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.

Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to growth in end use industries and increasing demand for lightweight materials.

Key Players in the thermoset resin in the global composites market are Ashland Inc. (INEOS), BASF, Covestro, Huntsman Corporation, Polynt Reichhold Group, AOC, Swancor Ind. Co., Ltd., Hexion Inc., Showa Denko K.K., Sino Polymer Co., Ltd., Scott Bader Co. Ltd., Allnex.

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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

To read more about this market please click on https://www.lucintel.com/thermoset-resin-in-the-global-composites-market.aspx.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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