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Composite Resin Market Size, Share, Development by 2023
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.
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Global Composite Resin Market: Forecast by Type / Application / Region
The composite resin industry is fragmented. The global composite resin industry's top seven producers are estimated to account for 49.07% of industry production in 2015 with facilities located around the world. Although the industry is not concentratedThese companies tend to dominate the markets in many countries by establishing production bases, meaning that they often directly control the packing and distribution of their product. The biggest global composite resin companies in the world are the Hexion, Huntsman Corporation, Polynt, Olin, Royal DSM, Reichhold and BASF etc.
It is clear that a processor has three broad options for selling the final product including automotive, aerospace, windmills and building & construction etc. industries. Automotive and Windmills involve products sold at higher wholesale volumes.
We tend to believe this industry now is mature, and the consumption increasing degree will show a slowly rising curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies. Besides, prices gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin.
Over the next five years, LPI(LP Information) projects that Composite Resin will register a 4.6% CAGR in terms of revenue, reach US$ 23700 million by 2023, from US$ 18100 million in 2017.
Global Composite Resin Market: Key Players
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
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Related Information:
United States Composite Resin Market Research Report 2018
Europe Composite Resin Market Research Report 2018
North America Composite Resin Market Research Report 2018
Asia-Pacific Composite Resin Market Research Report 2018
China Composite Resin Market Research Report 2018
EMEA Composite Resin Market Research Report 2018
Global Composite Resin Market Research Report 2018
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