Growth Opportunities for Thermoset Resin Market in the Global Composites Industry
The future of thermoset resin in the global composites industry looks good with opportunities inpipe and tank, construction, electrical/electronics, wind energy, marine, transportation,aerospace/defense, and consumer goods industries. The thermoset resin market in the globalcomposites industry is expected to reach an estimated $13.8 billion by 2021 and it is forecast togrow at a CAGR of 4.4% by value from 2016 to 2021. The major drivers for market growth are theincreasing demand for lightweight materials, and performance benefits of reinforced compositesver rival materials.
In this market, pipe and tank, construction, electrical/electronics, wind energy, marine,transportation, aerospace/defense, and consumer goods are the major end use industries. On thebasis of its comprehensive research, Lucintel forecasts that the aerospace/defense, transportation,and construction segments are expected to show above average growth during the forecast period.
Within the thermoset resin market in the global composites industry, pipe and tank is expected toremain the largest segment by value and construction by volume. Expected growth in theinfrastructure development, rehabilitation of old infrastructures, and capital investment in industrialdevelopment are the major driving forces that spur growth for these segments over the forecastperiod.
For business expansion, Lucintel’s report suggests innovation to achieve higher strength, lowerenvironmental impact, fast curing, and ease of processing. Emerging trends, which have a directimpact on the dynamics of the industry, include development of rapid cure resin systems,emergence of bio based thermosets, and increasing use of Fire, Smoke, and Toxic (FST) resin.
Ashland, DSM, Reichhold, Huntsman, BASF SE, Polynt, AOC, Dow Chemicals, Olin Epoxy, Bayer,and Momentive are among the major suppliers of thermoset resin in the global composites industry.
This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in this market.
This report will save hundreds of hours of your own personal research time and will significantlybenefit you in expanding your business in this market. In today’s challenging economy, you needevery advantage that you can find.
Scope and Features of This Report:
To make critical business, investment, or strategic decisions, you need timely useful information.
This market report fulfills this core need and is an indispensable reference guide for materialsuppliers, product manufacturers, investors, executives, distributors, and more that operate in thismarket. Some of the features and scope of this report include the following:
Market size estimates: Growth opportunities for thermoset resin market in the globalcomposites industry in terms of value ($M) and volume (M lbs.) shipment
Trend and forecast analysis: Thermoset resin market in the global composites industrytrend (2010-2015) and forecast (2016-2021) by region and segment
Segmentation analysis: Thermoset resin market in the global composites industry size from 2010 to 2021 by end use industry, process, and resin type as follows:
Global thermoset resin market in the global composites industry size by end useindustry type:
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