Global Composite Resin Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027

“Global Composite Resin Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global composite resin market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global composite resin market report has been segmented on the basis of type, manufacturing processes, application, and region.

Request Covid - 19 Impact

Introduction         

Composite resin is a sticky and highly viscous substances which are used to produce the composite products and composite materials. In addition, composite resin can efficiently bind different fibers present in material, thus aid in increasing material's stiffness and strength. High-temperature composite resins, thermoset composite resins, and thermoplastic resins are major types of composite resins used in various products manufacturing process. Composite resins such as PE, PP, and Vinyl Ester are widely utilized in aerospace & defense, automotive and wind industries and are increasing their area of the commercial applications in marine, sporting goods, oil & gas, construction & infrastructure, and other applications.

Dynamics

Increasing demand for composite resin across various end-use industries such as construction, aerospace & defense, and marine is major factor expected to drive growth of the global market over the next 10 years. Moreover, increasing application scope as temperature resistant and weather resistant is another factor expected to support revenue growth of the target market over the next few years. In addition, numerous properties offered by these materials such as ability to meet diverse design requirements and high strength-to-weight ratio is another key factor anticipated to increase adoption of composite resin products, which in turn estimated to drive growth of the global market over the forecast period. In addition, these resin has various application in different industrial sectors, which in turn anticipated to drive growth of the global market in the next few years. Increasing demand of composite resins from electrical & electronics and pipes & tanks application sectors is expected to fuel the composite resin market over the next few years.

Region Analysis

Asia Pacific composite resin market is expected to account for significant share in terms of revenue in the target market. In addition, the Asia Pacific market is also anticipated to register fastest growth in terms of revenue over the next few years, owing to increasing demand from transportation and construction & infrastructure industries in countries in this region. In addition, increasing investments by private and public producers in various countries such as China and India in Asia Pacific and rising demand from different application industries are other major factors expected to drive growth of the Asia Pacific composite resin market in the next 10 years. The market in China is projected to account for significant share in terms of revenue in the Asia Pacific market. Increasing awareness regarding various properties offered by composite resin materials among producers in the countries in this region are among other factors projected to drive growth of the end-use application industries, which in turn is anticipated to support revenue growth of the global market in this region.

Global Composite Resin Market Segmentation:

Segmentation by type:

• Thermoplastic
• Thermoset

Segmentation by manufacturing processes:

• Layup
• Injection
• Compression Molding
• RTM
• Filament Winding
• Pultrusion

Segmentation by application:

• Construction & Infrastructure
• Transportation
• Electricals & Electronics
• Pipes & Tanks
• Wind Energy
• Marine
• Aerospace & Defense
• Others (Consumer Goods and Healthcare)

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa