Thermoset Composites Market worth 57.98 Billion USD by 2021

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MarketsandMarkets Presents
Thermoset Composites Market by Manufacturing
Process, Fiber Type, Resin Type, End-Use
Industry, and Region - Global Forecast to 2021

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Thermoset Composites Market worth 57.98 Billion
USD by 2021
The report "Thermoset Composites Market by
Manufacturing Process (Lay-Up, Filament Winding,
Injection Molding, Pultrusion), Fiber Type
(Glass, Carbon), Resin Type (Polyester, Epoxy,
Vinyl Ester), End-Use Industry, and Region -
Global Forecast to 2021", The thermoset
composites market was valued at USD 41.98 Billion
in 2016, and is projected to reach USD 57.98
Billion by 2021, at a CAGR of 6.67 during the
forecast period.
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Thermoset Composites Market worth 57.98 Billion
USD by 2021
Browse gtgt 86 data tables
70 figures
183 pages and in-depth TOC on Thermoset
Composites Market Early buyers will receive
10 customization on this report. This is a
Premium Report Priced at US 5650 for single
user. The thermoset composites market was valued
at USD 41.98 Billion in 2016, and is projected to
reach USD 57.98 Billion by 2021, at a CAGR of
6.67 during the forecast period. Report Price
Single User License US 5650 Corporate User
License US 8150
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Thermoset Composites Market worth 57.98 Billion
USD by 2021
The market is driven by the growing automotive
industries and industrialization in the
Asia-Pacific region. The increasing demand for
automobiles in emerging economies such as China,
India, and Japan is fueling the growth of
functional fluids in the region. Another major
factor contributing to the growth of functional
fluids is increased consumer awareness coupled
with stringent government regulations.
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Thermoset Composites Market worth 57.98 Billion
USD by 2021
Process oil to account for the major share of
functional fluids market till 2020 The
functional fluids market is segmented by types,
namely, process oil, hydraulic transmission
fluid, metal working fluid, heat transfer fluid,
and others. Process oil refers to the fluids
which provide smoothness to the processing unit
during the manufacturing of finished goods. It
improves the quality and performance of the
processing equipment used for manufacturing
polymer, fiber, deformer, cable, tire rubber
among others.
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Thermoset Composites Market worth 57.98 Billion
USD by 2021
Growing automotive industries and
industrialization to drive the industrial
application segment The industrial application
segment is leading the functional fluids market.
This is owed to the rapid growth of the
manufacturing industries in the Asia-Pacific
region. Functional fluids are used to reduce
friction and stress between the surfaces, provide
oxidation, temperature stability, corrosion
resistance, and low volatility.
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Thermoset Composites Market worth 57.98 Billion
USD by 2021
Asia-Pacific to be the fastest-growing market
during forecast period The functional fluids
market is broadly segmented into four regions,
namely, Asia-Pacific, North America, Europe, and
RoW. Asia-Pacific is the largest and
fastest-growing market for functional fluids.
Growing industrialization, backed by OEM
technical demand in the region, has offered
enormous opportunity for the use of functional
fluids in the Asia-Pacific region.
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Thermoset Composites Market worth 57.98 Billion
USD by 2021
The research study is aimed at identifying
emerging trends and opportunities in the global
functional fluids market along with a detailed
classification of the market, in terms of revenue
and volume. It provides a comprehensive
competitive landscape and identifies the key
players in the global market. The research study
also includes a detailed segmentation of the
global functional fluids market on the basis of
application, type, and region.
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Thermoset Composites Market worth 57.98 Billion
USD by 2021
Key Players - Currently, the global functional
fluids market is dominated by various market
players such as ExxonMobil Corporation (U.S.),
Royal Dutch Shell Plc. (Netherlands), BP Plc
(U.K.) Fuchs Petrolub SE (Germany), Chevron
Corporation (U.S.), Idemitsu Kosan Co. Ltd
(Japan), The Dow Chemical Company (U.S.), BASF SE
(Germany), and Petroliam Nasional Berhad
(Malaysia), and others. Purchase a Copy of this
Report Today !
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