Chopped Strands for Thermosets Market Share Driven by Lightweight Materials Demand and Composite Innovation | Valuates Reports

Chopped Strands for Thermosets Market Size
The global Chopped Strands for Thermosets market was valued at US$ 350 million in 2023 and is anticipated to reach US$ 433 million by 2030, witnessing a CAGR of 3.1% during the forecast period 2024-2030.

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The Chopped Strands for Thermosets Market is witnessing strong market growth as industries increasingly turn toward advanced composite materials to achieve higher performance, durability, and lightweight design. Market trends indicate a growing shift from traditional materials such as metal and wood to fiber-reinforced thermoset composites across key manufacturing sectors. The expansion of automotive production, infrastructure projects, and industrial applications has significantly contributed to market size growth. Additionally, rising sustainability goals and improved resin compatibility of chopped strands are further enhancing their adoption in next-generation composites.

In the application landscape, the Automotive segment holds the largest market share due to the growing use of thermoset composites in vehicle components aimed at reducing weight and improving fuel efficiency. These materials are increasingly utilized in under-the-hood parts, body panels, and interior structures. The Construction segment is emerging as the fastest-growing category, supported by rising demand for reinforced materials in building components, pipes, panels, and insulation systems. The Others segment, which includes industrial and consumer goods applications, continues to see steady adoption as manufacturers explore new formulations for enhanced mechanical strength and surface finish.

Market trends highlight that demand from both automotive and construction sectors is supported by technological advancements in fiber sizing, dispersion techniques, and surface treatment processes that optimize adhesion with thermoset resins. The ability of chopped strands to deliver superior chemical resistance and dimensional stability under varying temperature conditions has further solidified their role in high-performance composite manufacturing.

The market forecast suggests sustained market growth driven by innovation in resin systems, production efficiency, and the increasing shift toward lightweight materials across industries. Continued research into sustainable glass fibers, hybrid composites, and recycling technologies will shape the long-term outlook. As global manufacturers prioritize energy efficiency, performance, and durability, the Chopped Strands for Thermosets Market is set to expand its market share as a crucial enabler of advanced composite solutions.

by Application

• Automotive
• Construction
• Others

By Company

Owens Corning, Nippon Electric Glass, Jushi Group, Taishan Fiberglass, Vetrotex, Taiwan Glass, 3B Fibreglass, AGY Holding Corp, Johns Manville, Nittobo, by Length, 3mm, 6mm, 12mm, Others

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