Global Composite Resin Market Growth 2023-2029

Global Composite Resin Market Growth 2023-2029

Composite resin is a low-molecular-weight organic compound, which is normally used as organic matrix in the production of composite material. Composite resin is split between thermosets (mainly liquid resin) and thermoplastics (solid resin).

Composite resin formulations vary depending on the process used to fabricate the part and the requirements of its end-use application.
LPI (LP Information)' newest research report, the “Composite Resin Industry Forecast” looks at past sales and reviews total world Composite Resin sales in 2022, providing a comprehensive analysis by region and market sector of projected Composite Resin sales for 2023 through 2029. With Composite Resin sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Composite Resin industry.
This Insight Report provides a comprehensive analysis of the global Composite Resin landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Composite Resin portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Composite Resin market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Composite Resin and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Composite Resin.
The global Composite Resin market size is projected to grow from US$ 20220 million in 2022 to US$ 25590 million in 2029; it is expected to grow at a CAGR of 25590 from 2023 to 2029.
The major players in global Composite Resin market include Hexion, Huntsman Corporation, Polynt, etc. The top 3 players occupy about 30% shares of the global market. North America and Europe are main markets, they occupy about 60% of the global market. Unsaturated Polyester Resin is the main type, with a share about 50%. Automotive is the main application, which holds a share over 60%.
This report presents a comprehensive overview, market shares, and growth opportunities of Composite Resin market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Epoxy Resin
Unsaturated Polyester Resin
Phenolic Resin
Others
Segmentation by application
Automotive
Windmills
Building & Construction
Aerospace
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Hexion
Huntsman Corporation
Polynt
Olin
Royal DSM
Reichhold
BASF
Ashland
Mitsubishi Chemical
Sumitomo Bakelite
Kukdo Chemical
Hanwha Chemical
Sicomin
Gurit
Alpha Owens–Corning (AOC)
SABIC
Scott Bader Company
Swancor
Key Questions Addressed in this Report
What is the 10-year outlook for the global Composite Resin market?
What factors are driving Composite Resin market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Composite Resin market opportunities vary by end market size?
How does Composite Resin break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.