Lucintel’s latest market report analyzed that thermoset resin in the global composites provides attractive opportunities in various end use industries, including marine, pipe and tank, construction, transportation, wind energy, aerospace and defense, electrical and electronics, and consumers goods. The thermoset resin in the global composites market is expected to reach $15.7 billion by 2026 with a CAGR of 4.3%. In this market, polyester is the largest segment by resin, whereas pipe and tank is largest by end use industry. The use of hybrid thermoset resin in many applications provides strategic growth path in this market.
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Based on resin, the thermoset resin in the global composites market is segmented into polyester, thermoset, epoxy, phenolic, polyurethane, and others. The polyester segment is accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period because it offers performance benefits for different applications.
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97 – Tables
138 – Figures
224 – Pages
The thermoset resin in the global composites market is marked by the presence of several big and small players. Some of the prominent players offering thermoset resin in the global composites include Hexion, BASF, Dow Chemical, Huntsman, Ashland, and AOC.
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