Thermoset Composites Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Thermoset composites are manufactured using different kinds of reinforcements. The thermoset composites matrices include epoxies, vinyl esters, polyamide, cyanate esters, polyamides and phenolics. The polymer-based thermoset composites establish a very important class of thermosets for structural applications in automotive, aeronautical, marine and other components. The high specific strength of the thermoset composites proves it to be competitive with metallic materials and used as an alternative for metallic materials.

MARKET DYNAMICS

The thermoset composites market is assumed to grow in the forecast considering the growing use of thermoset composites for the manufacturing of structural composite parts used in aircraft. Increased demand for lightweight materials from the transport industry coupled with the increasing use of thermoset composites by the wind energy industry is estimated to create an upsurge in the thermoset composites market. However, the issues related to the remold ability and recyclability might restrict the growth of the thermoset composites market. On the other hand, the potential opportunities in new applications are likely to showcase growth opportunities for the thermoset composites market during the forecast period.

MARKET SCOPE

The "Global Thermoset Composites Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of thermoset composites market with detailed market segmentation by manufacturing process, fiber type, resin type, end-use industry and geography. The global thermoset composites market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading crude oil flow improver market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global thermoset composites market is segmented on the basis of manufacturing process, fiber type, resin type and end-use industry. Based on manufacturing process, the market is segmented as lay-up process, filament winding process, injection molding process, pultrusion process and other processes. On the basis of fiber type, the market is segmented as glass, carbon and others. Based on resin type, the market is segmented as polyester resin, vinyl ester resin, epoxy resin and other thermoset resins. Based on end-use industry, the market is segmented as aerospace & defense, transportation, marine, construction & infrastructure and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global thermoset composites market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The thermoset composites market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting thermoset composites market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the thermoset composites market in these regions.

MARKET PLAYERS

The reports cover key developments in the thermoset composites market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from thermoset composites market are anticipated to lucrative growth opportunities in the future with the rising demand for thermoset composites in the global market. Below mentioned is the list of few companies engaged in the thermoset composites market.

The report also includes the profiles of key thermoset composites companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

•  Chongqing Polycomp International Corporation
•  Hexcel Corporation
•  Huntsman International LLC.
•  JEC Group
•  Mitsubishi Chemical Corporation
•  Owens Corning
•  PPG Industries Inc.
•  SGL Carbon
•  Teijin Limited
•  Toray Industries Inc.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Thermoset Composites Report Scope