According to the recent study the Thermoset Resin in the Global Composites Market is projected to reach an estimated $29 billion by 2030 from $22 billion in 2023 at a CAGR of 4% from 2023 to 2030. Growth in this market is primarily driven by the increasing demand for lightweight materials, and performance benefits of reinforced composites over rival materials.
Browse 138
figures/charts and 97 tables in this 224-page report to understand trends,
opportunities and forecast in 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).
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https://www.lucintel.com/thermoset-resin-in-the-global-composites-market.aspx
“Construction market is expected to
remain the largest segment during the forecast period.”
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. 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.
“Within the thermoset resin in the global composites market, the polyester
segment is expected to remain the largest resin.”
Based on resin the polyester
segment is expected to witness the highest growth over the forecast period because
it offers performance benefits for different applications.
“Asia pacific will dominate the thermoset resin in the global
composites market in near future.”
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.
Major players of
thermoset resin in the global composites market are adopting various growth
strategies like new product launches, expansions, merger and acquisitions,
partnerships, agreements, and collaborations to expand their presence in this
market. BASF, Covestro, DuPont, Lanxess, Solvay are among the major thermoset
resin in the global composites providers.
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 click on this link https://www.lucintel.com/thermoset-resin-in-the-global-composites-market.aspx or helpdesk@lucintel.com.
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