Global Composite Resin Market 2018-2022

Below are some of the key findings from this composite resin market research report

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Global composite resin industry overview

Composite resins exhibit properties such as lightweight, corrosion resistance, and high mechanical strength, which results in their applicability across various end-user industries such as transportation, marine, electronics, building and construction, wind energy, and aviation. These resins are significantly used in the automobile and aviation industries to enhance fuel efficiency due to their lightweight attribute and mechanical strength. Composite resins are widely used in metal works due to their resistance against corrosion, chemicals, moisture, and harsh weather conditions. Metals are heavily used in building and construction, aviation, defense, automobile, and marine industries, which drives the demand for composite resins. These resins exhibit additional characteristics such as high impact strength, part consolidation, dimension stability, design flexibility, and low thermal conductivity. These properties and advantages of composite resins are leading to their high demand in various end-user industries, which, in turn, is driving the global composite resin market growth. Researchers forecast the composite resin market to register a CAGR of close to 7% during the forecast period.

The growing opportunities for high-temperature composite resins is one of the key trends expected to gain traction in the market. Fire/smoke/toxicity (FST) resins have the potential and capability of reducing the risk of harmful emissions. Also, the increasing use of FST composite resins among the defense, aerospace, and transportation industries is expected to create a significant opportunity for the global composite resin market growth in the forthcoming years. These resins are further widely used for laboratory purpose and other end-user applications owing to their low smoke emission and toxicity.

Top composite resin companies covered in this market research report

The composite resin market is moderately fragmented with companies focusing on offering high-temperature composite resins to meet the evolving end-user requirements. By providing a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this composite resin industry analysis report is constructed to aid clients to identify new growth opportunities and design innovative strategies for strengthening their position in the market.

The report offers a complete analysis of various companies including:

• Ashland
• BASF
• Huntsman International
• Olin Corporation
• SABIC

Composite resin market segmentation based on geographic regions

• Americas
• APAC
• EMEA

The APAC region will account for the highest composite resin market share throughout the forecast period. The region will also witness the fastest growth due to the growing use of composite resins in different end-user industries including electronics, transportation, wind energy, and construction and infrastructure. The increase in automobile production will further supplement the composite resin market growth in the region.

Composite resin market segmentation based on end-users

• Construction
• Transportation
• Electronics
• Pipes and tanks
• Others

The construction end-user segment will account for the highest composite resin market growth due to their high mechanical properties and strong adhesion properties. Additionally, the report will also provide an accurate prediction of the contribution of the various end-user segments to the growth of the composite resin market size.

Key highlights of the global composite resin market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the composite resin market during the next five years
• Precise estimation of the global composite resin market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the composite resin industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of the composite resin companies

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