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The future of the thermoset resin market in the global composites market is 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 declined in 2020 due to the global economic recession led by COVID-19. However, the market will witness recovery in the year 2021, and it is expected to reach an estimated $15.7 billion by 2026 with a CAGR of 4.3% from 2021 to 2026. The major drivers for growth in this market are due to the increasing demand for lightweight materials, and performance benefits of reinforced composites over rival materials.
 
Emerging trend, which have a direct impact on the dynamics of the industry, include use of hybrid thermoset resin in many applications. 
 
A total of 138 figures / charts and 97 tables are provided in this 224-page report to help in your business decisions. Sample figures with insights are shown below. To learn the scope of benefits, companies researched, and other details of the thermoset resin market report, please download the report brochure.
 
thermoset resin market composites


thermoset resin market composites
 
 
The study includes trends and forecast for the thermoset resin in the global composites market by end use industry, process, resin, and region as follows:
 
By End Use Industry [Volume (Million Pounds) and $M shipment analysis for 2015 – 2026]: 
  • Marine
  • Pipe and Tank
  • Construction
  • Transportation
  • Wind Energy
  • Aerospace and Defense
  • Electrical and Electronics
  • Consumer Goods
  • Others
By Process [Volume (Million Pounds) and $M shipment analysis for 2015 – 2026]: 
  • Hand lay up
  • Spray up
  • Resin Infusion
  • Filament Winding
  • Pultrusion
  • Injection Molding
  • Compression Molding
  • Prepreg Lay-Up
  • Other
By Resin [Volume (Million Pounds) and $M shipment analysis for 2015 – 2026]: 
  • Polyester
  • Vinyl Ester
  • Epoxy
  • Phenolic
  • Polyurathane
  • Others
By Region [Volume (Million Pounds) and $M shipment analysis for 2015 – 2026]: 
  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World 
In this market, polyester, thermoset, epoxy, phenolic, polyurethane, and others are the major resin type used in different end use industries. Lucintel forecast that polyester resin will remain the largest segment by value and volume 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, pipe and tank is expected to remain the largest segment by value and construction by 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.
 
APAC is expected to remain the largest region by value and volume 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.
 
Some of the major thermoset resin manufacturers profiled in this report Hexion, BASF, Dow Chemical, Huntsman, Ashland, and AOC.
 
 
Features of the Thermoset Resin in the Global Composites Market
  • Market Size Estimates: Thermoset resin in the global composites market size estimation in terms of value ($M) shipment and volume (million pound).
  • Trend and Forecast Analysis: Market trends (2015-2020) and forecast (2021-2026) by various segments and regions.
  • Segmentation Analysis: Thermoset resin in the global composites market size by various segments, such as end use industry, resin, process, and regions in terms of value and volume
  • Regional Analysis: Thermoset resin in the global composites market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different end use industry, process, resin, and regions for the thermoset resin in the global composites market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the thermoset resin in the global composites market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
 
 
This report answers the following 11 key questions
 
Q.1 What are some of the most promising potential, high-growth opportunities for the 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 lay up, spray up, resin infusion, filament winding, pultrusion, injection molding, compression molding, prepreg lay up, and others), resin type (polyester, thermoset, epoxy, phenolic, polyurethane, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the thermoset resin market?
Q.5 What are the business risks and threats to the thermoset resin market?
Q.6 What are the emerging trends in this thermoset resin market and the reasons behind them?
Q.7 What are some changing demands of customers in the thermoset resin in the global composites market?
Q.8 What are the new developments in the thermoset resin in the global composites market? Which companies are leading these developments?
Q.9 Who are the major players in the thermoset resin in the global composites market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the thermoset resin in the global composites market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the thermoset resin in the global composites market?
 
Report Scope

Key Features Description
Base Year for Estimation 2020
Trend Period
(Actual Estimates)
2015-2020
Forecast Period 2021-2026
Pages 224
Market Representation / Units Revenue in US $ Million and Million Pounds
Report Coverage Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Mergers, Acquisitions, & Joint Ventures, and Company Profiling
Market Segments End Use Industry (Marine, Pipe and Tank, Construction, Transportation, Wind Energy, Aerospace and Defense, Electrical and Electronics, Consumers Goods, and Others), Process (Hand Lay-Up, Spray Up, Resin Infusion, Filament Winding, Pultrusion, Injection Molding, Compression Molding, Prepreg Lay-Up, and Others), and Resin Type (Polyester, Thermoset, Epoxy, Phenolic, Polyurethane, and Others)
Regional Scope North America, Europe, Asia Pacific, and RoW
Customization 10% Customization Without any Additional Cost
 

Table of Contents
 
 
                                                                                                                    
1. Executive Summary
 
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Industry Classifications
2.2.1: Thermoset Resins in the Global Composite Industry by Process
2.2.1.1: Advantages and Disadvantages of Different Process in the Global Composites Industry
2.2.2: Thermoset Resin in the Global Composites Industry by Resin
2.2.2.1: Advantages and Disadvantages of Different Thermoset Resins in Global Composite Industry
2.2.3: Thermoset Resin in the Global Composite Industry by End Use Industry
2.3: Supply Chain
2.4: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2015 to 2026
3.1: Macroeconomic Trends and Forecast
3.1.1: Macroeconomic Trends
3.1.2: Macroeconomic Forecast
3.2: Trends and Forecast for Thermoset resin in the global composites market
3.3: Thermoset resin in the global composites market by End Use Industry
3.3.1: Marine
3.3.2: Pipe and Tank
3.3.3: Construction
3.3.4: Transportation
3.3.5: Wind Energy
3.3.6: Aerospace and Defense
3.3.7: Electrical and Electronics
3.3.8: Consumer Goods
3.3.9: Others
3.4: Thermoset resin in the global composites market by Process
3.4.1: Hand Lay Up
3.4.2: Spray Up
3.4.3: Resin Infusion
3.4.4: Filament Winding
3.4.5: Pultrusion
3.4.6: Injection Molding
3.4.7: Compression Molding
3.4.8: Prepreg Lay Up
3.4.9: Others
3.5: Thermoset resin in the global composites market by Resin
3.5.1: Polyester
3.5.2: Vinyl Ester
3.5.3: Epoxy
3.5.4: Phenolic
3.5.5: Polyurethane
3.5.6: Others
 
4. Market Trends and Forecast Analysis by Region
4.1: Thermoset resin in the global composites market by Region
4.2: Thermoset Resin Market in the North American Composites Industry
4.2.1: Market by End Use Industry: Marine, Pipe and Tank, Construction, Transportation, Wind Energy, Aerospace and Defense, Electrical and Electronics, Consumer Goods, and Others
4.3: Thermoset Resin Market in the European Composites Industry
4.3.1: Market by End Use Industry: Marine, Pipe and Tank, Construction, Transportation, Wind Energy, Aerospace and Defense, Electrical and Electronics, Consumer Goods, and Others
4.4: Thermoset Resin Market in the APAC Composites Industry
4.4.1: Market by End Use Industry: Marine, Pipe and Tank, Construction, Transportation, Wind Energy, Aerospace and Defense, Electrical and Electronics, Consumer Goods, and Others
4.5: Thermoset Resin in the ROW Composites Resin
4.5.1: Market by End Use Industry: Marine, Pipe and Tank, Construction, Transportation, Wind Energy, Aerospace and Defense, Electrical and Electronics, Consumer Goods, and Others
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Geographical Reach
5.4: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Thermoset resin in the global composites market by End Use Industry
6.1.2: Growth Opportunities for the Thermoset resin in the global composites market by Resin
6.1.3: Growth Opportunities for the Thermoset resin in the global composites market by Process
6.1.4: Growth Opportunities for the Thermoset resin in the global composites market by Region
6.2: Emerging Trends in the Thermoset resin in the global composites market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Thermoset resin in the global composites market
6.3.3: Mergers, Acquisitions and Joint Ventures in the Thermoset resin in the global composites market
6.3.4: Certification and Licensing
 
7. Company Profiles of Leading Players
7.1: Ashland Inc. (INEOS)
7.2: BASF
7.3: Covestro
7.4: Huntsman Corporation
7.5: Polynt Reichhold Group
7.6: AOC
7.7: Swancor Ind. Co., Ltd.
7.8: DSM
7.9: Hexion Inc.
7.10: Polynt Reichhold Group
7.11: AOC
 
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138 figures/charts and 97 tables are provided in this 224 - page report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in this market. 

Below is a brief summary of the primary interviews that were conducted by job function for this report.

 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
 

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