10-08-2018 03:53 PM CET - Industry, Real Estate & Construction

Thermoset Composites Market By 2025 : With PPG Industries, AGY, Hexcel Corporation, Jushi Group, Hexion Inc. , Teijin, SGL Carbon, Huntsman Corporation, Johns Manville, Owens Corning, Toray Industries, Inc.

Press release from: Data Bridge Market Research
Thermoset Composites
Thermoset Composites

Thermoset composites market is procedure of upgrading one's appearance with the assistance of Thermoset and composites. Expanding mindfulness and developing individuals and their craving of looking appealing are the real drivers which are probably going to help the development of Thermoset Composites market. Raising mechanical progressions and chemical services spending, and differing way are probably going to include new open doors for this market in the coming years. The Global Thermoset Composites Market accounted for USD 42.0 billion and it is projected to grow at a CAGR of 6.8% during forecast period.

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Forecasting Regional and Global Analysis on Thermoset Composites Market By Fiber Type (Glass Fiber, Carbon); By Resin Type (Polyester, Epoxy, Vinyl Ester) By Manufacturing Process (Lay-Up, Filament Winding, Injection Molding, Pultrusion) By End-user (Aerospace & Defense, Wind Energy, Transport, Sporting Goods, Marine, Construction & Infrastructure, Pipe & Tank, Electrical & Electronics) and Geography.

Thermoset composites are commonly based on glass, carbon or aramid fibers, usually incorporated with resins such as polyesters, vinyl esters, epoxies or phenolics. There is a growing demand for thermoset composites in aerospace & defence, wind energy, transport, sporting goods, marine, construction & infrastructure, pipe & tank and electrical & electronics. The global thermoset composites market is fragmented with the presence of a large number of players across different regions. Some of the major players in thermoset composites market include

· AGY Holdings Corp.

· Carbon Mods

· Chongqing Polycomp International Corporation

· Cytec Industries Inc.

· Hexcel Corporation

· Hexion Inc.

· Huntsman Corporation

· Johns Manville Corporation

· Jushi Group Co., Ltd

Others: Kemrock Industries and Exports Limited, Mitsubishi Rayon Co., Ltd., Owens Corning, PPG Industries Inc., SGL Group, Taekwang Industries Co Ltd., Teijin Limited, Toray Industries Inc. and many more. Major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this Thermoset Composites Market.

On account of their light weight and high performance, Thermoset Composites Market is expected to be a key driver of the market over the next seven years.

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· The thermoset composites market is segmented on the basis of fiber type into

· Glass fiber

· Carbon

· Other

· On the basis of resin type, the market is segmented into

· Polyester

· Epoxy

· Vinyl ester

· Others

· On the basis of manufacturing process, the market is segmented into

· Lay-up

· Filament winding

· Injection molding

· Pultrusion and others

· On the basis of end-user, the market is segmented into aerospace & defense, wind energy, transport, sporting goods, marine, construction & infrastructure, pipe & tank, electrical & electronics and other.

· On the basis of geography, the thermoset composites market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.

· Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

Major Market Drivers:

· Use of thermoset composites for manufacturing of structural composite parts for aircraft

· Increasing demand for lightweight materials from the transport sector

· Increasing usage of thermoset composites in the wind energy

Market Restraint:

· Issues related to recyclability

· Issues related to testing of thermoset composites

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