Composite Resin Market Size, Share, Industry Trends, Growth, Market Analysis, Forecast 2026

The global Composite Resin market size was valued at US$ 19320 million in 2019 and it is expected to reach US$ 24310 million by the end of 2026, growing at a CAGR of 3.3% during the forecast period 2021-2026.

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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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.

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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.

This report researches the worldwide Composite Resin market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.

This study categorizes the global Composite Resin breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Top Major Vendors in the Composite Resin Market

o Hexion
o Huntsman Corporation
o Polynt
o Olin
o Royal DSM
o Reichhold
o BASF
o Ashland
o Mitsubishi Chemical
o Sumitomo Bakelite
o Kukdo Chemical
o Hanwha Chemical
o Sicomin
o Gurit
o Alpha Owens–Corning (AOC)
o SABIC
o Scott Bader Company
o Swancor

Composite Resin Market Breakdown Data by Type

o Epoxy Resin
o Unsaturated Polyester Resin
o Phenolic Resin
o Others

Composite Resin Market Breakdown Data by Application

o Automotive
o Windmills
o Building & Construction
o Aerospace
o Others

Composite Resin Market Production Breakdown Data by Region

o United States
o Europe
o China
o Japan
o Other Regions

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This release was published on openPR.