The Composite Resin Market was valued at USD 22.51 billion in 2022 and is projected to reach USD 36.42 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2023 to 2030.
Composite Resin Market Forecast have emerged as a significant player in the global market, offering a wide range of applications across various industries. These resins, composed of two or more materials with distinct properties, have gained immense popularity due to their exceptional strength, durability, and versatility.
The market's remarkable growth can be attributed to several factors. Firstly, the increasing demand for lightweight and high-performance materials in industries such as aerospace, automotive, and construction has propelled the adoption of composite resins. These resins provide an ideal solution by offering superior strength-to-weight ratio, corrosion resistance, and enhanced design flexibility.
Furthermore, the rising focus on sustainable and eco-friendly materials has further boosted the demand for composite resins. With their ability to be recycled and reduced carbon footprint, these resins align perfectly with the global sustainability goals.
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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
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.
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Table of Content
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model Textile Chemicals Market
7. PEST Analysis
8. Emulsion Composite Resin Market Forecast By Resin Type:
9.Emulsion Composite Resin Market Forecast By Manufacturing Process:
10.Emulsion Composite Resin Market Forecast By Application:
11.Regional Analysis
12. Company Profiles
13. Competitive Landscape
14. Conclusion
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