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Global Thermoset Resin Composites Market 2017-2021

Global Thermoset Resin Composites Market 2017-2021

About Thermoset Resin Composites

Thermoset resin is a synthetic polymer made from petroleum derivatives. Based on the chemical structure, thermoset resins are classified into various types such as polyester, epoxy, vinyl ester, and urethane resins. They are widely used by construction, pipe and tank, and electrical and electronics end-users. Depending on the requirement of different applications, thermoset resins are reinforced with organic or inorganic fibers.

Technavio’s analysts forecast the global thermoset resin composites market to grow at a CAGR of 5.36% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global thermoset resin composites market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Thermoset Resin Composites Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Ashland
  • BASF
  • Huntsman International
  • Olin Corporation
  • The Dow Chemical Company
Other prominent vendors
  • Abbott Vascular
  • Abiomed
  • AtriCure
  • Biosensors International
  • Biotronik
  • BioVentrix
  • C. R. Bard
Market driver
  • Growing demand for lightweight vehicles
  • For a full, detailed list, view our report
Market challenge
  • Competition from advanced materials for industrial products
  • For a full, detailed list, view our report
Market trend
  • Rise in cost-effective alternatives
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Thermoset Resin Composites Market 2017-2021

Technavio recognizes the following companies as the key players in the global thermoset resin composites market: Ashland, BASF, Huntsman International, Olin Corporation, and The Dow Chemical Company.

Other Prominent Vendors in the market are: AOC, Copps Industries, Dunbar Sales & Manufacturing, Hapco, National Pesticides & Chemicals, Polycast Industries, Polynt, Arkema, Solvay, and United Resin.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rise in cost-effective alternatives. Thermoset compounds, especially sheet molding compound (SMC) and bulk molding compound (BMC) structural-thermoset resin composites, have long lifespans. Structures that are built using thermoset resin composites around 65 years ago are still in use. They can consolidate parts, thereby reducing the number of separate parts.”

According to the report, one driver in the market is growing demand for lightweight vehicles. Thermoset resin composites are used in exterior, interior, and other components. Steel is replaced by fiber-reinforced composites, which include thermoset resins. They can integrate parts, reduce the weight of components, and operate with high efficiency. Thus, they are used to replace metals like aluminum and high-performance steel. The growing concerns about fuel efficiency and the reduction of carbon emissions are driving the demand for lightweight vehicles.

Further, the report states that one challenge in the market is competition from advanced materials for industrial products. Manufacturers are innovating their products in response to the needs and application requirements of various industries. New solutions incorporated by thermoplastic and biodegradable resins are threats to thermoset resin composites. Thermoset resins possess different properties when compared with specialized resins. The increasing need for durability, stiffness, fuel efficiency, and cost cutting from secondary operations prefer structural-thermoset resins over standard thermoset resins.

Companies Mentioned

Ashland, BASF, Huntsman International, Olin Corporation, The Dow Chemical Company, AOC, Copps Industries, Dunbar Sales & Manufacturing, Hapco, National Pesticides & Chemicals, Polycast Industries, Polynt, Arkema, Solvay, and United Resin.

  • Executive summary
  • Scope of the report
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Segmentation of global thermoset resin composites market 2017-2021
    • Global thermoset resin composites market
      • Table Global thermoset resin composites market 2016-2021 ($ millions)
      • Table Forecast: Global thermoset resin composites market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Global thermoset resin composites market by type
      • Table Global thermoset resin composites market by type 2016 (%)
      • Table Global thermoset resin composites market by type 2021 (%)
      • Table Global thermoset resin composites market segmentation by type 2016 and 2021
    • Global thermoset resin composites market by polyester
      • Table Global thermoset resin composites market by polyester 2016 and 2021 ($ millions)
      • Table Forecast: Global thermoset resin composites market by polyester 2016-2021
    • Global thermoset resin composites market by epoxy
      • Table Global thermoset resin composites market by epoxy 2016 and 2021 ($ millions)
      • Table Forecast: Global thermoset resin composites market by epoxy 2016-2021
    • Global thermoset resin composites market by vinyl ester
      • Table Global thermoset resin composites market by vinyl ester 2016 and 2021 ($ millions)
      • Table Forecast: Global thermoset resin composites market by vinyl ester 2016-2021
    • Global thermoset resin composites market by polyurethane
      • Table Global thermoset resin composites market by polyurethane 2016 and 2021 ($millions)
      • Table Forecast: Global thermoset resin composites market by polyurethane 2016-2021
    • Global thermoset resin composites market by others
      • Table Global thermoset resin composites market by others 2016 and 2021 ($ millions)
      • Table Forecast: Global thermoset resin composites market by others 2016-2021
  • Market segmentation by end-user
    • Global thermoset resin composites market by enduser
      • Table Global thermoset resin composites market by end-user 2016 (%)
      • Table Global thermoset resin composites market by end-user 2021 (%)
      • Table Global thermoset resin composites market by end-user 2016 and 2021
    • Global thermoset resin composites market in pipe and tank sector
      • Table Global thermoset resin composites market in pipe and tank sector 2016 and 2021 ($millions)
      • Table Forecast: Global thermoset resin composites market in pipe and tank sector 2016-2021
    • Global thermoset resin composites market in construction sector
      • Table Global thermoset resin composites market in construction sector 2016 and 2021 ($millions)
      • Table Forecast: Global thermoset resin composites market in construction sector 2016-2021
    • Global thermoset resin composites market in electrical and electronics sector
      • Table Global thermoset resin composites market in electrical and electronics sector in2016 and 2021 ($ millions)
      • Table Forecast: Global thermoset resin composites market in electrical and electronicssector 2016-2021
    • Global thermoset resin composites market in wind energy sector
      • Table Global thermoset resin composites market in wind energy sector 2016 and 2021 ($millions)
      • Table Forecast: Global thermoset resin composites market in wind energy sector 2016-2021
    • Global thermoset resin composites market in transportation sector
      • Table Global thermoset resin composites market in transportation sector 2016 and 2021 ($millions)
      • Table Forecast: Global thermoset resin composites market in transportation sector 2016-2021
    • Global thermoset resin composites market in marine sector
      • Table Global thermoset resin composites market in marine sector 2016 and 2021 ($millions)
      • Table CAGR 5.14%975.63 1,253.57
      • Table Type of epoxy resin and % use in shipbuilding
    • Global thermoset resin composites market in consumer goods sector
      • Table Global thermoset resin composites market in consumer goods sector 2016 and2021 ($ millions)
      • Table Forecast: Global thermoset resin composites market in consumer goods sector2016-2021
    • Global thermoset resin composites market in aerospace and defense sector
      • Table Global thermoset resin composites market in aerospace and defense sector 2016 and 2021 ($ millions)
      • Table Forecast: Global thermoset resin composites market in aerospace and defensesector 2016-2021
    • Global thermoset resin composites market in other sectors
      • Table Global thermoset resin composites market in other sectors 2016 and 2021 ($millions)
      • Table Forecast: Global thermoset resin composites market in other sectors 2016-2021
  • Market segmentation by geography
    • Global thermoset resin composites market by geography
      • Table Global thermoset resin composites market by geography 2016 (%)
      • Table Global thermoset resin composites market by geography 2021 (%)
      • Table Global thermoset resin composites market segmentation by geography 2016 and2021
    • Thermoset resin composites market in APAC
      • Table Thermoset resin composites market in APAC 2016 and 2021 ($ millions)
      • Table Forecast: Thermoset resin composites market in APAC 2016-2021
    • Thermoset resin composites market in North America
      • Table Thermoset resin composites market in North America 2016 and 2021 ($ millions)
      • Table Forecast: Thermoset resin composites market in North America 2016-2021
    • Thermoset resin composites market in Europe
      • Table Thermoset resin composites market in Europe 2016 and 2021 ($ millions)
      • Table Forecast: Thermoset resin composites market in Europe 2016-2021
    • Thermoset resin composites market in ROW
      • Table Thermoset resin composites market in ROW 2016 and 2021 ($ millions)
      • Table Forecast: Thermoset resin composites market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Rise in cost-effective alternatives
    • Growing demand for SMC and BMC structuralthermoset resin composites
    • Rising demand for advanced high-performance composites from automobile industry
  • Vendor landscape
    • Competitive scenario
    • Major market vendors
      • Table Global thermoset resin composites market: Major vendors 2016
    • Other prominent vendors
  • Key vendor analysis
    • Ashland
      • Table Ashland: Business segmentation by revenue 2016
      • Table Ashland: Geographical segmentation by revenue 2016
    • BASF
      • Table BASF: Business segmentation by revenue 2016
      • Table BASF: Geographical segmentation by revenue 2016
    • Huntsman International
      • Table Huntsman International: Business segmentation by revenue 2016
      • Table Huntsman International: Geographic segmentation by revenue 2016
    • Olin Corporation
      • Table Olin Corporation: Business segmentation by revenue 2016
      • Table Olin Corporation: Geographic segmentation by revenue 2016
    • The Dow Chemical Company
      • Table The Dow Chemical Company: Business segmentation by revenue 2016
      • Table The Dow Chemical Company: Geographic segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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