Press release
Composite Resin Market Size Expected to Fly High with Increased Demand 2025-2032
Composite Resin Market
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/54189
Key Market Drivers
- Rising demand for composite resins in aerospace due to high strength-to-weight ratio, durability, and heat/corrosion resistance.
- Growth in the transportation sector, particularly automotive and railway applications.
- Increasing use of thermoplastic resins due to sustainability and ease of processing.
Market Restraints
- High production costs of composite resins.
- Challenges in recycling composite materials.
Market Segmentation:
- By Resin Type: Thermoset Resin, Thermoplastic Resin
- By Manufacturing Process: Layup, Filament Winding, Injection Molding, Pultrusion, Compression Molding, Resin Transfer Molding
- By Application: Construction & Infrastructure, Automotive & Transportation, Electrical & Electronics, Pipes & Tanks, Wind Energy, Marine, Aerospace & Defense, Others
Segment Highlights:
- Resin Type: Thermoplastic resin segment held the largest market share in 2022 and is expected to register the highest CAGR of 7.1% during the forecast period.
- Manufacturing Process: Injection molding dominated in 2022, contributing to more than one-fourth of the market revenue. Compression molding is anticipated to register the highest CAGR of 7.5%.
- Application: The automotive & transport segment led the market, accounting for over 20% of global revenue. Aerospace & defense is expected to witness the highest CAGR of 7.6%.
Want to Access the Statistical Data and Graphs, Key Players' Strategies:
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Regional Insights
Asia-Pacific held the highest market share in 2022, contributing over 40% of the global revenue. The region is expected to grow at a CAGR of 7.2% due to strong presence of major players like Mitsubishi Chemical Corporation, Toray Industries, and Teijin Limited.
Leading Market Players
- Huntsman International LLC
- Hexion Inc.
- Scott Bader Company Ltd.
- DSM
- Allnex GmbH
- Evonik Industries AG
- SABIC
- Celanese Corporation
- Dow
- Sumitomo Bakelite Co., Ltd.
These companies employ strategies such as product innovation, collaborations, expansions, and joint ventures to maintain their market presence.
𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/composite-resin-market-A53714
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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