Latest Composite Resin Market by Resin Type (Thermoset, Thermoplastic), Manufacturing Process (Layup, Filament Winding, Injection Molding, Pultrusion, Compression Molding, Resin Transfer Molding), Application and Region

The Composite Resin research report presents cutting-edge information about the Composite Resin market during the estimated period and its development in the future. It provides detailed data about the performance of distributors, traders, and dealers to gain financial market status and current scenario. The Composite Resin research report focuses on key market opportunities, growth factors, revenue forecast, competitive landscape, and market trends. It also provides market size estimation along with CAGR value that allows understanding market economy.

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Composite Resin Market by Resin Type (Thermoset, Thermoplastic), Manufacturing Process (Layup, Filament Winding, Injection Molding, Pultrusion, Compression Molding, Resin Transfer Molding), Application and Region – Global Forecast to 2026. The global Composite resin is expected to grow from USD 20.5 billion in 2021 to USD 27.4 billion by 2026, at a CAGR of 6.0% during the forecast period.

The report provides a comprehensive analysis of company profiles listed below:

  • Huntsman International LLC (US)
  • Hexion, Inc (US)
  • The Dow Chemical Company (US)
  • Ashland Global Holdings, Inc (US)
  • Sumitomo Bakelite Co., Ltd (Japan)
  • Schott Bader Company Limited (England)
  • Royal DSM N.V (Netherlands)
  • BASF SE (Germany)
  • Kukdo Chemical Co., Ltd. (South Korea)
  • Polynt S.p.A (Italy)
  • SABIC (Saudi Arabia)
  • Arkema SA (France)
  • Evonik Industries AG (Germany)
  • Atul Ltd (India)
  • Allnex Composites (Germany)
  • Nan Ya Plastics Corporation (Taiwan)
  • Showa Denko K.K (Japan)
  • Swancor Holdings Co., Ltd (Taiwan)

The thermoplastic composite resin type segment is expected to witness high growth as the application of thermoplastic resin as a matrix material in composites has grown significantly in the recent years. The main advantage of thermoplastic resin as a matrix material is that the composites formed can be reshaped and reformed unlike thermoset resin. High impact strength, better surface quality, less product rejection, high rigidity at elevated and sub-zero temperature, creep resistance under severe environments, and constant load have made thermoplastic resin market more lucrative than that for thermoset resin.

The demand for compression molding process is expected to increase during the forecast period. The process requires low investment cost, and can potentially last for decades with minimal maintenance. It produces more consistent sets of products, which is important for high-volume productions. The compression molding process mainly utilizes thermo set resins such as polyester, epoxy, and phenolic.

The transportation application is the fastest-growing segment as in this application composite resin is used in large quantities for the production of composites. The strength-to-weight ratio of most composites is higher than that of steel and aluminum. The saving in weight for a given level of strength makes composites play a vital role in the transportation application. Modern light rail and passenger rail are using composites in body panels, floor panels, and other components to reduce the weight and increase efficiency of these transportation medium.

“APAC to lead the composite resin during the forecast period”

APAC is projected to have the largest share in the composite resin and will expand significantly by 2026. This dominance is attributed to the rising demand from domestic industries in the region. APAC is projected to be the fastest-growing composite resin market due to the rising demand for composites from application industries in the region. Presence of emerging economies such as China, India, and Indonesia make the region the most promising market for composite resin

Competitive Landscape of Composite Resin Market:

1 Introduction
2 Market Share Analysis
3 Market Ranking
4 Market Evaluation Framework
5 Revenue Analysis Of Top Market Players
6 Company Evaluation Matrix
6.1 Star
6.2 Pervasive
6.3 Participants
6.4 Emerging Leaders
7 Small And Medium-Sized Enterprises (Sme) Evaluation Matrix
7.1 Progressive Companies
7.2 Responsive Companies
7.3 Dynamic Companies
7.4 Starting Blocks

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