Press release
Transportation Thermoset Compounds Market to Reach US$ 1.9 Billion by 2030, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/4538/transportation-thermoset-compounds-market.html
Market Statistics
• Market size: US$ 1.6 billion in 2024
• Forecast value: US$ 1.9 billion by 2030
• CAGR: 3.0% during 2025-2030
• Forecast period: 2025-2030
• Base year: 2024
• Total number of segments: Multiple (by application type, product type, fiber type, resin type, region)
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
• By Application Type: Automotive, Rail, Recreational Vehicle, and Other Applications
• By Product Type: SMC, BMC
• By Fiber Type: Glass Fiber, Carbon Fiber
• By Resin Type: Polyester, Epoxy, Other Resins
• By Region: North America, Europe, Asia-Pacific, Rest of the World
Segment Analysis
In application type, the automotive segment dominates the transportation thermoset compounds market due to its extensive use of SMC and BMC in exterior panels, structural components, and precision parts. Automakers are increasingly adopting these materials to meet lightweighting goals, improve fuel economy, and comply with stricter emissions standards, while also achieving high-quality surface finishes, which reinforces the automotive segment's strategic importance for suppliers targeting high-volume OEM contracts.
Under product type, SMC (Sheet Molding Compound) holds the largest share, as its ability to form large, complex components with both structural strength and Class-A finish makes it preferable for vehicle hoods, roof panels, and other load-bearing exterior parts. This dual advantage of strength and aesthetics positions SMC as a priority material for OEMs focused on product differentiation and performance.
Looking at fiber type, glass fiber dominates the market due to its balanced performance-to-cost ratio that enables manufacturers to achieve necessary mechanical properties at scale without excessive cost increases. The prevalence of glass fiber compounds aligns with cost-efficiency goals across high-volume transportation manufacturing, presenting opportunities for compounders to optimize formulations for broader OEM adoption.
Within resin type, polyester resin is the leading segment driven by its manufacturability, dimensional stability, and ability to deliver high-quality surface finishes in both SMC and BMC processes. Its compatibility with high-speed production cycles makes polyester resin particularly attractive for manufacturers seeking to balance quality and throughput.
Regional Insights
In Asia-Pacific, the transportation thermoset compounds market is projected to remain the largest due to strong automotive production bases, rapid industrialization, and growing demand for lightweight materials in electric and conventional vehicles. The region's robust OEM activities, coupled with expanding molding capacities and domestic supply chains, make it a critical zone for growth and expansion.
In North America, notable growth is also anticipated as automotive and transportation manufacturers prioritize the use of advanced composites to reduce vehicle weight and enhance efficiency. Investments in production technologies and increasing OEM partnerships further support the region's expanding market presence.
Market Drivers
• Increasing global vehicle production that elevates demand for lightweight, durable materials in both interior and exterior applications.
• Stricter emissions and fuel efficiency regulations driving the shift toward lightweight composites in transportation manufacturing.
• Electrification of vehicles requiring advanced materials for battery housings and structural support components.
• Cost advantages and performance benefits of glass fiber in high-volume thermoset compounds.
• OEM preference for materials that provide Class-A finishes alongside structural integrity.
Top Companies in the Market
• Teijin Automotive Technologies
• LyondellBasell
• Core Molding Technologies
• Polynt Group
• IDI Composites International
• Menzolit
• Polytec Group
• Huayuan Advanced Materials (Hamlite)
• Changzhou Jiang's Compound Materials Technology Co., Ltd.
• Mitsui Chemicals Group
Frequently Asked Questions
1. What will be the size of the transportation thermoset compounds market by 2030?
The market is projected to reach US$ 1.9 billion by 2030 at a CAGR of 3.0%.
2. Which application segment drives the most demand in this market?
The automotive segment leads due to the extensive use of thermoset compounds in vehicle exterior and structural components.
3. Why is SMC the dominant product type in the market?
SMC's ability to deliver structural strength and Class-A surface finish makes it preferable for large exterior parts, supporting its dominant position.
4. Which fiber type holds the largest share in transportation thermoset compounds?
Glass fiber dominates due to its balanced performance and cost advantages for high-volume production.
5. Which region currently represents the largest market for transportation thermoset compounds?
Asia-Pacific holds the largest market share, supported by strong automotive production and expanding composite manufacturing capabilities.
Related Links:
Melt blown nonwovens market: https://justpaste.it/lcsb9
Metal embossing machine market: https://www.ganjingworld.com/news/1i3euq1018u6ssvfLIfovRoYu1s71c/metal-embossing-machine-market-empowering-precision-and-design-in-metal-processing
Metal fabrication equipment market: https://scrapbox.io/mrnews/Metal_Fabrication_Equipment_Market:_Advancing_Efficiency_and_Innovation_in_Manufacturing
Metamaterial technologies market: https://velog.io/@chloe_adams/Metamaterial-Technologies-Market-Transforming-Telecommunications-Defense-and-Healthcare
Methyl methacrylate adhesives market: https://www.wowonder.xyz/read-blog/352342
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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