Composite Resins Market Size Report Predicts Healthy Growth with Demand from Emerging Sectors & Forecasts to 2025 - PowerPoint PPT Presentation

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Composite Resins Market Size Report Predicts Healthy Growth with Demand from Emerging Sectors & Forecasts to 2025

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Global Composite Resins Market Size 2019, by Type (Thermosetting, Thermoplastic), End Use (Aerospace & defense, Automotive, Wind energy, Electrical & electronics, Construction, Others), Region and Forecast to 2025 – PowerPoint PPT presentation

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Title: Composite Resins Market Size Report Predicts Healthy Growth with Demand from Emerging Sectors & Forecasts to 2025


1
Composite Resins Market
  • Size 2019, by Type (Thermosetting,
    Thermoplastic), End Use (Aerospace defense,
    Automotive, Wind energy, Electrical
    electronics, Construction, Others), Region and
    Forecast to 2025

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2
Global Composite Resins Market Size and
Share-Global Forecast to 2025
  • The global composite resins market was estimated
    to be worth USD 17.16 Billion in 2025, growing at
    a CAGR of 6. Increasing demand for advanced
    composite resins from the aerospace and
    automotive industries are the key factors to
    propel the market growth in the coming years.
  • Composite resins are an integral part of the
    making of composite materials. These resins
    provide adhesion between the composite fibers and
    protect the fibers from external damages.
    Composite resins have high mechanical strength
    along with being extremely lightweight. 
  • Due to these properties, composite materials have
    gained remarkable demand from the automotive and
    aerospace industries. Reducing the weight of
    components and structures has been one of the
    prime concerns of these industries owing to
    rising concerns over fuel efficiency. 
  • The global composite resins market is segmented
    based on type and end-use. Based on product type,
    the market is categorized into thermoplastic and
    thermosetting resins. Based on end-use, the
    global composite resins market is segmented into
    aerospace defense, automotive, wind energy,
    electrical electronics, construction, and
    others. 
  • By product type, thermosetting resins dominated
    the composite resins market in 2019. The high
    compatibility of these resins with several
    fabrication processes is one of the key factors
    to augment the demand for the resin.

3
Global Composite Resins Market Size and
Share-Global Forecast to 2025
  • By end-use, automotive and aerospace defense
    segment are estimated to dominate the demand side
    for composite resins till 2025.
  • Based on the region, the global composite resin
    market is categorized into North America, Europe,
    Asia Pacific, Latin America, and Middle East
    Africa. In terms of market demand, Asia Pacific
    dominated the global composite resins market in
    2019 closely followed by North America and
    Europe. 
  • Impressive demand growth in the automotive sector
    in recent years along with rising wind energy
    installations in the Asia Pacific, especially
    China fueled the composite resin market growth in
    the region.
  • Till December 2016, global wind installed
    capacity was 486,749 MW in which China alone
    accounted for gt30 of the share. Moreover, the
    country installed 23,328 MW new installed
    capacity in the year 2016. The country aims to
    make wind energy as the key source of renewable
    energy according to its 2020 Clean-energy target.
    Overall, a major chunk of composite resin demand
    is projected to come from the Asia Pacific
    region.
  • The global composite resin market is a
    competitive market with the presence of global
    players such as Huntsman Corporation, BASF SE,
    The Dow Chemical Company, Reichhold Inc.,
    HexionInc, Sumitomo Bakelite Company Ltd., SABIC,
    PolyntSpA, Ashland Inc., Kukdo Chemical
    Co.Ltd.

4
Global Composite Resins Market Size and
Share-Global Forecast to 2025
  • Key segments of the global composite resins
    market
  • Type Overview
  • Thermosetting resins
  • Thermoplastic resins
  • End Use Overview
  • Aerospace defence
  • Automotive
  • Wind energy
  • Electrical electronics
  • Construction
  • Others
  • Regional Overview
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East Africa

5
About Us
  • Adroit Market Research is an India-based business
    analytics and consulting company. Our target
    audience is a wide range of corporations,
    manufacturing companies, product/technology
    development institutions and industry
    associations that require understanding of a
    markets size, key trends, participants and
    future outlook of an industry. We intend to
    become our clients knowledge partner and provide
    them with valuable market insights to help create
    opportunities that increase their revenues. We
    follow a code Explore, Learn and Transform. At
    our core, we are curious people who love to
    identify and understand industry patterns, create
    an insightful study around our findings and churn
    out money-making roadmaps. Our analysts have
    tracked high growth markets in chemicals
    materials, healthcare pharmaceuticals,
    semiconductor electronics, energy power, food
    retail, consumer goods, technology, and
    machinery equipment sectors across the world to
    identify new opportunities, potential customers,
    prepare go-to-market (GTM) strategies, identify
    segments for revenue growth for companies, and
    many more.
  • US Headquarters3131 McKinney Ave Ste 600
    Dallas, TX 75204 ,U.S.A 
  • Phone 1 (214) 884-6068
  • Email sales_at_adroitmarketresearch.com
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