According to a market report by Lucintel, the future of the global thermoset resin in the global composites market looks promising with opportunities in the 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 $29 billion by 2030 from $22 billion in 2023 at a CAGR of 4% from 2023 to 2030. The major drivers for this market are 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, opportunity and
forecast of thermoset resin in the global composites market to 2030 by end use (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 regions.
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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sample by clicking on thermoset
resin in the global composites market.
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 uses and
increasing demand for lightweight materials.
INEOS
Composites, BASF, Covestro, Huntsman Corporation, Polynt Group, AOC, Swancor
Ind. Co., Ltd., Hexion Inc., Resonac, Sino Polymer Co., Ltd., Scott Bader Co.
Ltd., Allnex 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 helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
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About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
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years. We are quoted in several publications like the Wall Street Journal,
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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