Global Thermoset Composites Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027

“Global Thermoset Composites Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz. The global thermoset composites market report has been segmented on the basis of resin type, fiber type, manufacturing process, end-use industries, and region.

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Introduction     

Thermoset composites are used in many industries as theses composites are used in enhancing the strength and rigidity of structural components and helpful in reducing the weight of wind blades. These are integrated using resins including polyesters, vinyl esters, epoxies or phenolic. These thermoset composites have high strength and it is also rigid and also helps in reducing the weight of wind blades as compared to traditional materials. They are useful in facilitating efficient designs and better fabrication.

Dynamics

Increasing demand for thermoset composites among various end-use industries including construction & infrastructure and aerospace & defense is a key factor expected to drive global market growth. In addition, increasing use of thermoset composites for making structural composite products utilized in aircraft is another major factor projected to drive growth of the global market over the next 10 years.

In addition, increasing usage of the thermoset composites in various industries such as wind energy industries and transportation industries are other key factors estimated to drive growth of the target market over the forecast period.

However, issues related to testing of the thermoset composites and issues related to recyclability and remold-ability are major factors expected to hamper growth of the target market to certain extent.

Segmental Analysis:

On the basis of resin type, epoxy segment is expected to dominate the global thermoset composites market, owing to increasing demand for epoxy resins from various industries such as aerospace & defense, wind energy, transportation, marine, pipe & tank, among others. The epoxy segment revenue is anticipated to register highest CAGR over the forecast.

On the basis of fiber type, the glass fiber segment is expected to account for major share in terms of revenue in the global market, owing to various features offered by these fibers such as adaptability, high strength-to-weight ratio, and high durability. The glass fiber segment revenue is also anticipated to register highest CAGR over the forecast.

On the basis of end-use industries, the transportation segment is expected to account for significant share in terms of revenue in the global market. The transportation segment revenue is also projected to register highest CAGR over the forecast.

Regional Analysis:

Asia Pacific thermoset composites market is expected to account for high revenue share in the global market. The Asia Pacific market is also projected to register highest CAGR in terms of revenue over the next few years, owing to presence of various established thermoset manufacturers and rapid growth in installation of the wind turbines in the countries in the region.

Global thermoset composites market segmentation:

Segmentation by resin type:

• Polyester
• Epoxy
• Vinyl Ester
• Others (Phenolic and Polyurethane)

Segmentation by fiber type:

• Carbon Fiber
• Glass Fiber
• Other Fiber

Segmentation by manufacturing process:

• Compression Molding
• Injection Molding
• Filament Winding
• Others (Resin Infusion, Lay-Up, and Pultrusion)

Segmentation by end-use industries:

• Construction & Infrastructure
• Aerospace & Defense
• Wind Energy
• Electrical & Electronics
• Transportation
• Others (Pipe & Tank, Marine, and Sporting Goods)

Segmentation by region:

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

• Owens Corning
• Toray Industries, Inc.
• Jushi Group Co., Ltd.
• Teijin Limited
• Chongqing Polycomp International Corporation
• SGL Carbon SE
• PPG Industries, Inc.
• Huntsman International LLC
• Hexcel Corporation
• Mitsubishi Rayon Co. Ltd.