Lucintel Blog: Lucintel Forecasts Thermoset Resin in the Global Composites Market to Reach $15.7 Billion by 2026

According to the recent study the thermoset resin in the global composites market is projected to reach an estimated $15.7 billion by 2026 from $11.6 billion in 2020, at a CAGR of 4.3% from 2021 to 2026. Growth in this market is primarily driven by 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), process (hand layup, spray up, resin infusion, filament winding, pultrusion, injection molding, compression molding, prepreg layup, and others), resin type (polyester, thermoset, epoxy, phenolic, polyurethane, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/thermoset-resin-in-the-global-composites-market.aspx

“Polyester market is expected to remain the largest segment during the forecast period.”

Based on resin, the thermoset resin in the global composites market is segmented into polyester, thermoset, epoxy, phenolic, polyurethane, and others. Lucintel forecasts that the polyester is expected to witness the largest segment over the forecast period and will experience the highest growth over the forecast period because it offers performance benefits for different applications.

“Within the thermoset resin in the global composites market, the pipe and tank segment is expected to remain the largest end use industry.”

Based on end use industry, the pipe and tank segment is expected to witness the largest segment as 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 will dominate the thermoset resin in the global composites market in near future.”

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

Download Brochure of this report by clicking on https://www.lucintel.com/thermoset-resin-in-the-global-composites-market.aspx

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. Hexion, BASF, Dow Chemical, Huntsman, Ashland, and AOC 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.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

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