Composite Resins Market Rapidly Growing With Key Trends, Future Analysis and Forecast by 2021-2026

 COMPOSITE RESINS MARKET

Composite resins are popularly used in automotive, building and construction, aerospace and defense and many more industries owing to their benefits such as high binding capacity, strength and stiffness. They are mixtures of organic and inorganic components and are used to further make more composite materials such as polypropylene, vinyl ester and polyethylene. The raw material is extremely sticky and highly viscous in nature. The market segmentation applied to the global composite resins market classifies the market based on the type of product offered, based on manufacturing processes applied, end-user application and lastly geographic dominance.

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Based on the type of products offered the composite resins market is fragmented into thermoset and thermoplastic whereas types of manufacturing processes applied include injection moulding, compression moulding, filament winding, layup and others. The composite resins are used in transportation, pipes and tanks, construction and infrastructure, electricals and electronics and others. The rise in growth and development of the applied industries such as the construction, automotive and defense industries is resulting in growth of the composite resins market. Other than this, the ability of the composite resins to meet various requirements such as diverse designs and high strength to weight ratio are major drivers responsible for the anticipated growth of the global composite resins market.

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Regional significance of Asia Pacific is expected to project higher growth rates with increasing demand for infrastructure and transportation industries specifically in emerging economies such as India and China. Asia Pacific is expected to generate greater share of revenue gradually being the target market for composite resins market growth. As a result, heavy investments are made to expand the composite resins market globally by larger and developed countries. The composite resins market is expected to witness significant growth in India and China due to extensive market opportunities.

The global composite resin market is a competitive market with the presence of global players such as Huntsman Corporation, BASF SE, The Dow Chemical Company, Reichhold Inc., HexionInc, Sumitomo Bakelite Company Ltd., SABIC, PolyntSpA, Ashland Inc., Kukdo Chemical Co.Ltd.

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Key segments of the global composite resins market

Type Overview, 2015-2025 (Kilo Tons) (USD Million)

  • Thermosetting resins
  • Thermoplastic resins

End Use Overview, 2015-2025 (Kilo Tons) (USD Million)

  • Aerospace &defence
  • Automotive
  • Wind energy
  • Electrical & electronics
  • Construction
  • Others

Regional Overview, 2015-2025 (Kilo Tons) (USD Million)

  • US
  • Canada
  • Germany
  • United Kingdom
  • France
  • Rest of Europe
  • China
  • Japan
  • India
  • Rest of Asia Pacific
  • Brazil
  • Mexico
  • Rest of Latin America

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About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code – Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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