Thermoset Composites Market Outlook, Business Risk Analysis With AGY, PPG Industries, Johns Manville, Toray Industries, Inc., and Other
The global thermoset composites market is fragmented with the presence of a large number of players across different regions. The Market report contains data for historic years 2015, 2016, the base year of calculation is 2017 and the Thermoset Composites Industry forecast period is 2019 to 2025 (Current Year Statistic Will Be Provided in Report).
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There is a growing demand for thermoset composites in aerospace & defence, wind energy, transport, sporting goods, marine, construction & infrastructure, pipe & tank and electrical & electronics on account of their light weight and high performance, which is expected to be a key driver of the market over the next seven years. Some of the major players in thermoset composites market include
- AGY Holdings Corp.,
- Carbon Mods,
- Chongqing Polycomp International Corporation,
- Cytec Industries Inc.,
- Hexcel Corporation
- Hexion Inc.,
- Huntsman Corporation,
- Johns Manville Corporation,
- Jushi Group Co., Ltd,
Others: Kemrock Industries and Exports Limited, Mitsubishi Rayon Co., Ltd., Owens Corning, PPG Industries Inc., SGL Group, Taekwang Industries Co Ltd., Teijin Limited, Toray Industries Inc. and many more.
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Major Market Drivers:
- Use of thermoset composites for manufacturing of structural composite parts for aircraft
- Increasing demand for lightweight materials from the transport sector
- Increasing usage of thermoset composites in the wind energy
- Issues related to recyclability
- Issues related to testing of thermoset composites
Market Segmentation: Global Thermoset Composites Market
- The thermoset composites market is segmented on the basis of fiber type into
- Glass fiber
- On the basis of resin type, the market is segmented into
- Vinyl ester
- On the basis of manufacturing process, the market is segmented into
- Filament winding
- Injection molding
- Pultrusion and others
- On the basis of end-user, the market is segmented into
- Aerospace & Defense
- Wind Energy
- Sporting Goods
- Construction & Infrastructure
- Pipe & Tank
- Electrical & Electronics
- On the basis of geography, the thermoset composites market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
- Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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