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Thermoset Composites Market by Resin Type and Geography - Forecast and Analysis 2022-2026

  • Published: Jul 2022
  • Pages: 120
  • SKU: IRTNTR74072
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The thermoset composites market share is expected to increase by USD 20.73 billion from 2022 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.92%.

This thermoset composites market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers thermoset composites market segmentation by type (polyester resin, epoxy resin, and others) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The thermoset composites market report also offers information on several market vendors, including Accurate Plastics, Advanced Composite Structures Australia Pty Ltd., AGY Holding Corp., C2 Composites, China Jushi Co. Ltd., Hexcel Corp., Hexion Inc., Huntsman International LLC, Johns Manville, Lingol Corp., Mar Bal Inc., Mitsubishi Chemical Corp., Owens Corning, PPG Industries Inc., Reliance Industries Ltd., SGL Carbon SE, Solvay SA, Teijin Ltd., and Toray Industries Inc. among others.

What will the Thermoset Composites Market Size be During the Forecast Period?

Thermoset Composites Market Size

Download Report Sample to Unlock the Thermoset Composites Market Size for the Forecast Period and Other Important Statistics

 

Thermoset Composites Market: Key Drivers, Trends, and Challenges

The demand for lightweight materials in the automotive sector is notably driving the thermoset composites market growth, although factors such as the high cost of thermoset composites may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the thermoset composites industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Thermoset Composites Market Driver

One of the key factors driving growth in the global thermoset composites market side mirrors the market demand for lightweight materials in the automotive sector. Carbon fibers have been used in the production of different parts such as body components and interior finishes for many years due to the availability of high-speed manufacturing technologies. Moreover, automakers are striving to manufacture light and improved vehicle exterior and interior parts that can drastically improve the fuel efficiency of the vehicle. Furthermore, the area of material science, especially composites, has been complementary to the evolution of prepreg composites in the composites sector. Therefore, the shift from E-glass to carbon fiber composite materials has recently been growing for lightweight and fuel-efficient vehicles. Due to advanced R&D by carbon fiber manufacturing companies, carbon composite materials are incorporated into more diverse automobile structures. In addition, the automotive sector is expected to undergo steady progress toward material change in key automotive segments such as powertrain, chassis, exterior, and interior, which will lead to an increased demand for thermoset composites leading to market growth during the forecast period.

Key Thermoset Composites Market Trend

Wind power capacity additions are another factor supporting the global thermoset composites market growth. Wind energy is emerging as a low-cost renewable energy source for generating electricity, with developed regions like North America and Western Europe accounting for the highest investments in total wind tower installations across the globe. It is a high-potential application area for thermoset composites, with turbine blades being the fastest growing product in this segment. An increasing number of vendors in the market are focusing on the R&D of technologically advanced products for such applications. The introduction of new low-cost composites for wind energy applications is expected to lead to the manufacture of wind turbine blades that are stronger, lighter, and longer, thereby creating more energy compared with shorter blades. Therefore, with an increase in wind power capacity additions globally the global thermoset composites market will witness growth during the forecast period.

Key Thermoset Composites Market Challenge

The high cost of thermoset composites will be a major challenge for the global thermoset composites market during the forecast period. The high cost of thermoset composites has been an essential concern associated with their increasing use in structural applications. Furthermore, carbon fiber composite parts offer clear benefits over steel, aluminum, wood, and performance plastics due to their high specific strength and modulus. Therefore, the cost of carbon fiber is directly related to the cost and yield of its precursors and the conversion cost. Thermoset composites remain expensive due to the high costs of raw materials and high skilled workforce requirements. Many applications of thermoset composites have been discovered, but due to high-cost constraints, the commercialization of such applications is yet to be adopted. The high cost associated with manufacturing and developing thermoset composite materials will restrict the growth of the global thermoset composites market during the forecast period.

This thermoset composites market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global thermoset composites market as a part of the global commodity chemicals market within the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the thermoset composites market during the forecast period.

Who are the Major Thermoset Composites Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Accurate Plastics
  • Advanced Composite Structures Australia Pty Ltd.
  • AGY Holding Corp.
  • C2 Composites
  • China Jushi Co. Ltd.
  • Hexcel Corp.
  • Hexion Inc.
  • Huntsman International LLC
  • Johns Manville
  • Lingol Corp.
  • Mar Bal Inc.
  • Mitsubishi Chemical Corp.
  • Owens Corning
  • PPG Industries Inc.
  • Reliance Industries Ltd.
  • SGL Carbon SE
  • Solvay SA
  • Teijin Ltd.
  • Toray Industries Inc.

 

This statistical study of the thermoset composites market encompasses successful business strategies deployed by the key vendors. The thermoset composites market is fragmented and the vendors are deploying growth strategies such as price, quality, innovation, reputation, brand identity, and distribution to compete in the market.

Product Insights and News

  • acculam.com - The company offers ultra-low thermal shrinkage glass substrate for display.
  • acculam.com - Through this segment, the company offers architectural and automotive glasses for respective industries. Through this segment, the company offers glass substrates for TFT-LCDs and OLEDs, specialty glass for display applications, glass for photovoltaic devices, and fabricated glass for industrial use.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The thermoset composites market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Thermoset Composites Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the thermoset composites market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Thermoset Composites Market?

Thermoset Composites Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

46% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the thermoset composites market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growth in the number of vendors entering APAC to gain cost advantages will facilitate the thermoset composites market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the thermoset composites market witnessed certain challenges due to the COVID-19 pandemic. Moreover, the implementation of lockdown restrictions to contain the spread of the disease negatively. However, the market in the region has been recovering slowly since the beginning of 2021 with the introduction of vaccines and the resumption of operations in automobiles, aerospace, and other industries. Therefore, the rising demand from the end-user industries such as aerospace and defense, automotive, and wind energy is expected to drive the growth of the thermoset composites market during the forecast period.

What are the Revenue-generating Type Segments in the Thermoset Composites Market?

Thermoset Composites Market Share

To gain further insights on the market contribution of various segments Request PDF Sample

The thermoset composites market share growth by the polyesters resins segment will be significant during the forecast period. Polyester resins offer ease of handling, low cost, dimensional stability, as well as good mechanical, chemical resistance, and electrical properties. One of the more common properties offered by polyester resins is their ability to bond with glass fibers, as the polyester resin has a high saturation effect.

This report provides an accurate prediction of the contribution of all the segments to the growth of the thermoset composites market size and actionable market insights on post-COVID-19 impact on each segment.

 

Thermoset Composites Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.92%

Market growth 2022-2026

$ 20.73 billion

Market structure

Fragmented

YoY growth (%)

6.0

Regional analysis

APAC, North America, Europe, South America, Middle East, and Africa

Performing market contribution

APAC at 46%

Key consumer countries

US, China, Japan, Germany, and the UK

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

Accurate Plastics, Advanced Composite Structures Australia Pty Ltd., AGY Holding Corp., C2 Composites, China Jushi Co. Ltd., Hexcel Corp., Hexion Inc., Huntsman International LLC, Johns Manville, Lingol Corp., Mar Bal Inc., Mitsubishi Chemical Corp., Owens Corning, PPG Industries Inc., Reliance Industries Ltd., SGL Carbon SE, Solvay SA, Teijin Ltd., and Toray Industries Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Thermoset Composites Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive thermoset composites market growth during the next five years
  • Precise estimation of the thermoset composites market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the thermoset composites industry across APAC, North America, Europe, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of thermoset composites market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Resin Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Resin Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Resin Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Resin Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Resin Type
      • Exhibit 26: Chart on Comparison by Resin Type
      • Exhibit 27: Data Table on Comparison by Resin Type
    • 5.3 Polyester resin - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Polyester resin - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Polyester resin - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Polyester resin - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Polyester resin - Year-over-year growth 2021-2026 (%)
    • 5.4 Epoxy resin - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Epoxy resin - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Epoxy resin - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Epoxy resin - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Epoxy resin - Year-over-year growth 2021-2026 (%)
    • 5.5 Others - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Resin Type
      • Exhibit 40: Market opportunity by Resin Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 UK - Market size and forecast 2021-2026
      • Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 China Jushi Co. Ltd.
              • Exhibit 93: China Jushi Co. Ltd. - Overview
              • Exhibit 94: China Jushi Co. Ltd. - Product / Service
              • Exhibit 95: China Jushi Co. Ltd. - Key offerings
            • 10.4 Hexcel Corp.
              • Exhibit 96: Hexcel Corp. - Overview
              • Exhibit 97: Hexcel Corp. - Business segments
              • Exhibit 98: Hexcel Corp. - Key news
              • Exhibit 99: Hexcel Corp. - Key offerings
              • Exhibit 100: Hexcel Corp. - Segment focus
            • 10.5 Huntsman International LLC
              • Exhibit 101: Huntsman International LLC - Overview
              • Exhibit 102: Huntsman International LLC - Business segments
              • Exhibit 103: Huntsman International LLC - Key news
              • Exhibit 104: Huntsman International LLC - Key offerings
              • Exhibit 105: Huntsman International LLC - Segment focus
            • 10.6 Mitsubishi Chemical Corp.
              • Exhibit 106: Mitsubishi Chemical Corp. - Overview
              • Exhibit 107: Mitsubishi Chemical Corp. - Business segments
              • Exhibit 108: Mitsubishi Chemical Corp. - Key news
              • Exhibit 109: Mitsubishi Chemical Corp. - Key offerings
              • Exhibit 110: Mitsubishi Chemical Corp. - Segment focus
            • 10.7 Owens Corning
              • Exhibit 111: Owens Corning - Overview
              • Exhibit 112: Owens Corning - Business segments
              • Exhibit 113: Owens Corning - Key news
              • Exhibit 114: Owens Corning - Key offerings
              • Exhibit 115: Owens Corning - Segment focus
            • 10.8 PPG Industries Inc.
              • Exhibit 116: PPG Industries Inc. - Overview
              • Exhibit 117: PPG Industries Inc. - Business segments
              • Exhibit 118: PPG Industries Inc. - Key offerings
              • Exhibit 119: PPG Industries Inc. - Segment focus
            • 10.9 SGL Carbon SE
              • Exhibit 120: SGL Carbon SE - Overview
              • Exhibit 121: SGL Carbon SE - Business segments
              • Exhibit 122: SGL Carbon SE - Key news
              • Exhibit 123: SGL Carbon SE - Key offerings
              • Exhibit 124: SGL Carbon SE - Segment focus
            • 10.10 Solvay SA
              • Exhibit 125: Solvay SA - Overview
              • Exhibit 126: Solvay SA - Business segments
              • Exhibit 127: Solvay SA - Key news
              • Exhibit 128: Solvay SA - Key offerings
              • Exhibit 129: Solvay SA - Segment focus
            • 10.11 Teijin Ltd.
              • Exhibit 130: Teijin Ltd. - Overview
              • Exhibit 131: Teijin Ltd. - Business segments
              • Exhibit 132: Teijin Ltd. - Key offerings
              • Exhibit 133: Teijin Ltd. - Segment focus
            • 10.12 Toray Industries Inc.
              • Exhibit 134: Toray Industries Inc. - Overview
              • Exhibit 135: Toray Industries Inc. - Business segments
              • Exhibit 136: Toray Industries Inc. - Key news
              • Exhibit 137: Toray Industries Inc. - Key offerings
              • Exhibit 138: Toray Industries Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 139: Inclusions checklist
                • Exhibit 140: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 141: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 142: Research methodology
                • Exhibit 143: Validation techniques employed for market sizing
                • Exhibit 144: Information sources
              • 11.5 List of abbreviations
                • Exhibit 145: List of abbreviations
              • in crude oil prices: The volatility of crude oil prices is one of the key challenges in the global commodity chemicals market. The volatility of crude oil prices impacts the pricing strategies and margins of adhesives, sealants, lubricants, oilfield cleaners, polymers, as well as plastic additives. The margins of the commodity chemicals are inherently dependent on the global prices of crude oil, which is one of the key raw materials. Any volatility in the prices of crude oil causes uncertainty in end-use markets and eventually influences the margins of all the key stakeholders, including the vendors in the global commodity chemicals market. These fluctuations adversely affect the profitability, cost of sales, and the ability of vendors to effectively address the demands of consumers.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
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                Thermoset Composites market growth will increase by $20736.73 million during 2022-2026.
                The thermoset composites market is expected to grow at a CAGR of 6.92% during 2022-2026.
                Technavio has segmented the thermoset composites market by geographic (APAC, North America, Europe, South America, and Middle East and Africa).
                Accurate Plastics, Advanced Composite Structures Australia Pty Ltd., AGY Holding Corp., C2 Composites, China Jushi Co. Ltd., Hexcel Corp., Hexion Inc., Huntsman International LLC, Johns Manville, Lingol Corp., Mar Bal Inc., Mitsubishi Chemical Corp., Owens Corning, PPG Industries Inc., Reliance Industries Ltd., SGL Carbon SE, Solvay SA, Teijin Ltd., Toray Industries Inc. are a few of the key vendors in the thermoset composites market.
                APAC will register the highest growth rate of 46.34% among the other regions. Therefore, the thermoset composites market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the thermoset composites market growth are:
                • Demand for lightweight materials in automotive sector
                • Wind power capacity additions
                The thermoset composites market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
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                • Five-force market analysis

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