Thermoset Composites Market 2017: Analysis, Overview, Demand, Technology, Latest Research and Global Industry Forecast 2024
The Global Thermoset Composites Market accounted for USD 42.0 billion and it is projected to grow at a CAGR of 6.8% during forecast period. There is a growing demand for thermoset composites in aerospace & defence, wind energy, transport, sporting goods, marine, construction & infrastructure, pipe & tank and electrical & electronics. Get Sample of Research Report: http://databridgemarketresearch.com/request-a-sample/?
dbmr=global-thermoset-composites-market Thermoset composites are commonly based on glass, carbon or aramid fibers, usually incorporated with resins such as polyesters, vinyl esters, epoxies or phenolics. The global thermoset composites market is fragmented with the presence of a large number of players across different regions. Some of the major players in thermoset composites market include
AGY Holdings Corp. Carbon Mods Chongqing Polycomp International Corporation Cytec Industries Inc. Hexcel Corporation Hexion Inc. Huntsman Corporation Johns Manville Corporation Jushi Group Co., Ltd
Others: Kemrock Industries and Exports Limited, Mitsubishi Rayon Co., Ltd., Owens Corning, PPG Industries Inc., SGL Group, Taekwang Industries Co Ltd., Teijin Limited, Toray Industries Inc. and many more. Major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this Thermoset Composites Market. On account of their light weight and high performance, Thermoset Composites Market is expected to be a key driver of the market over the next seven years. Full Report TOC, Visit: https://databridgemarketresearch.com/toc/?dbmr=global-thermosetcomposites-market Segmentation:
The thermoset composites market is segmented on the basis of fiber type into Glass fiber Carbon Other On the basis of resin type, the market is segmented into Polyester Epoxy
Vinyl ester Others On the basis of manufacturing process, the market is segmented into Lay-up Filament winding Injection molding Pultrusion and others On the basis of end-user, the market is segmented into aerospace & defense, wind energy, transport, sporting goods, marine, construction & infrastructure, pipe & tank, electrical & electronics and other. On the basis of geography, the thermoset composites market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, AsiaPacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Major Market Drivers:
Use of thermoset composites for manufacturing of structural composite parts for aircraf Increasing demand for lightweight materials from the transport sector Increasing usage of thermoset composites in the wind energy
Market Restraint:
Issues related to recyclability Issues related to testing of thermoset composites
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