Enjoy complimentary customisation on priority with our Enterprise License!
The thermoset composites market size is forecast to increase by USD 17.86 billion at a CAGR of 6.1% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for lightweight materials in the automotive sector. This trend is driven by the need to reduce vehicle weight and improve fuel efficiency, leading to increased adoption of thermoset composites in automotive applications. Additionally, the wind power industry is witnessing a growth in capacity additions, with thermoset composites being a preferred choice for manufacturing wind turbine blades due to their high strength-to-weight ratio and excellent thermal stability. However, the high cost of thermoset composites remains a major challenge for market growth. Despite this, the market is expected to continue expanding as advancements in manufacturing technologies and raw material sourcing lead to cost reductions and increased production efficiencies. The market report forecast market size, historical data spanning from 2018-2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Resin Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.