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Composite Resin Market

Composite Resin Market Size and Segment By Resin Type (Thermoset Composite Resin, Thermoplastic Composite Resin), By Manufacturing Process (Layup, Filament Winding, Injection Molding, Pultrusion, Compression Molding, Resin Transfer Molding, Others), By Application (Construction & Infrastructure, Transportation, Electrical & Electronics, Pipes & Tanks, Wind Energy, Marine, Aerospace & Defense, Others), by Region Global Market Forecast 2022-2028

Report Id: SNS/C&M/1911 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Composite Resin Market Size was valued at USD 21.2 billion in 2021, and is expected to reach USD 32.36 billion by 2028, and grow at a CAGR of  6.2% over the forecast period 2022-2028. The composite resin is used in construction, electrical and electronics,  and infrastructure, pipes and tanks, transportation, wind energy, marine, aerospace and defence, and many other places.

Composite Resin Market Revenue Graph

Market Dynamics:

Drivers:

  • The auto and transportation industries are growing.

  • Focus on renewable energy sources is making more people want to use wind power.

  • Thermoplastic resin is becoming more popular.

Restraints:

  • High costs for processing and making

  • Questions about recycling

Opportunity:

  • Demand Rising in Emerging Economies

  • More composite resins are being used in the growing aerospace industry.

Challenge:

  • Need to Keep Making Improvements to Products

  • After COVID-19, the market got better.

Impact of Covid-19:

Because of the COVID-19 pandemic, the market for composite resin is likely to go down in 2020. The entire world has been hurt by this deadly virus, especially the APAC and European regions. To stop this virus from spreading even more, businesses have shut down their operations and factories, and the government has put limits on building. Because of this, the amount of composite resin used in all applications has gone down.

COVID-19 and other regulations, like long processes for getting permits, have slowed down the production of end-use industries, which has decreased the demand for composite resin. But it is expected that the demand for composite resin will rise again in 2021. China was the first country to be affected by COVID-19, which messed up the global composite resin supply chain and slowed down production in a number of industries that use composite resins. But many end-use industries have started making things again and are expected to get back to normal soon. This is driving up the demand for composite resin.

Key Players:

Schott Bader Company Limited, SABIC, Huntsman International LLC, The Dow Chemical Company, Hexion Inc, Polynt S.p.A , Kukdo Chemical Co., Ltd., Sumitomo Bakelite Co, Ltd, Royal DSM N.V, BASF SE, Arkema SA, Ashland Global Holdings Inc, and other players.

Market Segmentation:

By Resin Type:

  • Thermoset Composite Resin

  • Thermoplastic Composite Resin

By Manufacturing Process:

  • Layup

  • Filament Winding

  • Injection Molding

  • Pultrusion

  • Compression Molding

  • Resin Transfer Molding

  • Others

By Application:

  • Construction & Infrastructure

  • Transportation

  • Electrical & Electronics

  • Pipes & Tanks

  • Wind Energy

  • Marine

  • Aerospace & Defense

  • Others

Composite Resin Market Segment Pie Chart

Regional Analysis:

The Asia-Pacific composite resin market is expected to make up a big part of the target market's revenue. In terms of revenue, the Asia-Pacific market is also expected to grow the fastest over the next few years. This is because the transportation and construction and infrastructure industries in the countries in this region are using more and more of these products. In the next 11 years, the Asia-Pacific composite resin market is expected to grow because private and public producers in countries like China and India are putting more money into their businesses and more demand is coming from different industries that use composite resins. The market in China is expected to bring in a large amount of money for the Asia-Pacific market as a whole. Producers in the countries in this region are becoming more aware of the different properties that composite resin materials offer. This is one of the things that is expected to drive growth in the end-use application industries, which is expected to support revenue growth in the global market in this region.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Composite Resin Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 21.2 Billion
Market Size by 2028 US$ 32.36 Billion
CAGR CAGR of 6.2% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Resin Type (Thermoset Composite Resin, Thermoplastic Composite Resin)
• By Manufacturing Process (Layup, Filament Winding, Injection Molding, Pultrusion, Compression Molding, Resin Transfer Molding, Others)
• By Application (Construction & Infrastructure, Transportation, Electrical & Electronics, Pipes & Tanks, Wind Energy, Marine, Aerospace & Defense, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Schott Bader Company Limited, SABIC, Huntsman International LLC, The Dow Chemical Company, Hexion Inc, Polynt S.p.A , Kukdo Chemical Co., Ltd., Sumitomo Bakelite Co, Ltd, Royal DSM N.V, BASF SE, Arkema SA, Ashland Global Holdings Inc, and other players.
DRIVERS • The auto and transportation industries are growing.
• Focus on renewable energy sources is making more people want to use wind power.
• Thermoplastic resin is becoming more popular.
Restraints • High costs for processing and making
•Questions about recycling


Frequently Asked Questions (FAQ) :

Ans: Primary or secondary type of research done by this reports.

Ans: The auto and transportation industries are growing, Focus on renewable energy sources is making more people want to use wind power and Thermoplastic resin is becoming more popular are the drivers for Composite Resin Market.

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

Ans: The composite resin is used in construction, electrical and electronics,  and infrastructure, pipes and tanks, transportation, wind energy, marine, aerospace and defence, and many other places.

 

Ans: Composite Resin Market Size was valued at USD 21.2 billion in 2021, and expected to reach USD 32.36 billion by 2028, and grow at a CAGR of  6.2 % over the forecast period 2022-2028.

 


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8.Composite Resin Market Segment,  By Resin Type:

8.1 Thermoset Composite Resin

8.2 Thermoplastic Composite Resin

 

9.Composite Resin Market Segment, By Manufacturing Process:

9.1 Layup

9.2 Filament Winding

9.3 Injection Molding

9.4 Pultrusion

9.5 Compression Molding

9.6 Resin Transfer Molding

9.7 Others

 

10.Composite Resin Market Segment, By Application:

10.1 Construction & Infrastructure

10.2 Transportation

10.3 Electrical & Electronics

10.4 Pipes & Tanks

10.5 Wind Energy

10.6 Marine

10.7 Aerospace & Defense

10.8 Others

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12. Company Profile

12.1  Schott Bader Company Limited (England)

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 SABIC (Saudi Arabia)

12.3 Huntsman International LLC (US)

12.4 The Dow Chemical Company (US)

12.5 Hexion, Inc (US)

12.6 Polynt S.p.A (Italy)

12.7 Kukdo Chemical Co., Ltd. (South Korea)

12.8 Sumitomo Bakelite Co., Ltd (Japan)

12.9 Royal DSM N.V (Netherlands)

12.10 BASF SE (Germany)

12.11 Arkema SA (France)

12.12 Ashland Global Holdings, Inc (US)

 

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

 

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Secondary Research

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