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The Composite Resin Market Size was USD 24.62 billion in 2023 and is expected to reach USD 41.74 billion by 2032 and grow at a CAGR of 6.04% over the forecast period of 2024-2032.
The increased usage of composite resins for construction and infrastructure owing to their superior properties over traditional materials such as steel and concrete is propelling the growth of the composite resins market. Innovative, durable, and economic construction materials are increasingly in demand due to global attention on sustainable infrastructure development. Moreover, the use of composite resins in retrofitting old structures is increasing too, as these materials contribute to the longer service life of structures, such as buildings & bridges. The ability of these rocks to resist severe environmental conditions establishes their function in contemporary buildings not only in beneficial safety but also as environmentally sound construction.
In the U.S., the National Association of Corrosion Engineers (NACE) estimated that corrosion costs infrastructure sectors over USD 276 billion annually. Composite resins, with their corrosion-resistant properties, are being increasingly used to mitigate these costs.
The growing demand for composite resins is heavily driven by the expansion of the renewable energy sector, as these materials are recognized as low-weight, long-lasting and possessing high tensile strength. Wind turbines, which demand materials capable of sustaining harsh environmental conditions with structural performance, rely heavily on composite resins in their blades. As the world works toward cleaner energy sources, wind farm installation is on the rise. As an example, the Global Wind Energy Council announced a 9% increase in worldwide wind energy capacity in 2023 with major players including China, the U.S., and India. Moreover, the composite resin for solar energy, such as panel frames and support frames using these materials helps to improve performance and durability.
Substantial composite resin market opportunities are being vigored by government initiatives including the "Fit for 55" package from the European Union, which calls for a 40% share of local renewable energy by 2030 as well as India's commitment to add 20 GW of wind energy capacity by 2025. All these developments highlight the importance of the material and the role it plays in the growth of the renewable energy sector.
Drivers
Increasing auto and transportation industries drive the market growth.
The rise of the composite resin market is directly related to its application in automotive and transportation industries where manufacturers from the automotive industry are demanding lightweight and endurable materials to accelerate efficiency and performance. Due to their excellent strength-to-weight ratio and corrosion resistance, composite resins (especially epoxy and polyester) are widely used in various vehicle components, including body panels, interiors, and structural parts. The increase in demand for composite resins has been further exaggerated due to the upswing in electric (EV) vehicles. Global EV sales totaled more than 10 million units in 2023, an increase of 35% over the previous year, the International Energy Agency (IEA) recently announced.
The successive growth of composite resins is also driven by the aerospace sector, which is strongly oriented toward advanced materials for lightweight aircraft. Composite materials have been incorporated into the latest models of Boeing and Airbus which they have linked to a greater need for fuel-efficient designs. The growing uptake due to automotive, transportation, and also aerospace sectors reiterates the significance of composite resins in the evolution of mobility solutions.
Restraint
High costs for processing and making which may hamper the market growth.
The rising costs for composite resin processing and manufacturing would be the main obstacle in growth of the market. The manufacture of composite resin requires sophisticated technology, high-tech equipment, and experienced labor, resulting in a high production cost. Furthermore, the basic materials utilized like epoxy, polyester, and carbon fibers are very expensive, which also raises the total production costs. Such costs can be prohibitively high, discouraging small and medium-sized manufacturers from utilizing composite resins in cost-sensitive markets. In addition, for industries such as automotive and construction, cost efficiency is deemed more significant than composite resins even providing better performance compared to traditional materials, for example, steel or aluminum, which restricts the automotive and construction industries from using composite materials.
By Resin Type
Thermoplastic Composite Resin held the largest market share around 68% in 2023 because they combine high performance with ease of processing and recycling. Thermoplastic composite materials are of special interest to automotive, aerospace, and construction industries that demand high-performance materials at competitive prices, due to this ability of recyclability which results in the reduction of waste and lower production costs. In addition, thermoplastic composite resins display excellent mechanical properties such as high strength, impact resistance, and thermal stability and are suitable for high-demanding applications such as lightweight automotive parts and durable aerospace components.
By Application
The construction & infrastructure sector held the largest market around 24% in 2023. This is owing to the increasing demand for durable, lightweight, and corrosion-resistant materials in modern construction projects. Due to their excellent durability and longer life span under severe environmental loading conditions compared to traditional materials like steel and concrete, composite resins are gaining diverse fields of application as structural reinforcement, panels, and roofing material. The rapid urbanization and escalation in infrastructural development, especially in regions such as Asia-Pacific and North America assists in inducing composite resin utilization in this sector. The demand for these advanced materials has triggered government investments in similar infrastructure projects.
Asia Pacific held the highest market share around 46% in 2023. Due to the rapid industrialization and strong manufacturing capabilities. Within the Asia-Pacific, China, India, and Japan are undergoing rapid urbanization and infrastructure development, increasing the consumption of composite resins, which are utilized in creating durable and sustainable materials. Moreover, Asia-Pacific has seen several automotive manufacturing plants, wherein composite resins are required for lightweight and fuel-efficient vehicles following the increasing demand for electric vehicles (EVs). Being the largest market for wind energy, the region has been investing heavily in renewable energy infrastructure both in countries like China and India, coupled with wind turbine applications, which will show significant growth in the composite resins market, and the demand for wind turbine applications among others. Asia-Pacific also continues to lead with its significant presence in aerospace and defense industries and its growing importance in electrical and electronics industries. These trends garner support from government initiatives including China's Made in China 2025 strategy and India's emphasis on the growth of renewable energy, which have made the Asia-Pacific the largest consumer of composite resins.
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Schott Bader Company Limited (Epoxy Resins, Vinyl Ester Resins)
SABIC (Polycarbonate Resins, Epoxy Resins)
Huntsman International LLC (Araldite Epoxy Resins, Huntsman Vinyl Ester Resins)
The Dow Chemical Company (DER Epoxy Resins, D.E.R. 331)
Hexion Inc (Epoxy Resins, Phenolic Resins)
Polynt S.p.A. (Unsaturated Polyester Resins, Vinyl Ester Resins)
Kukdo Chemical Co., Ltd. (Epoxy Resins, Hardener for Epoxy Resins)
Sumitomo Bakelite Co., Ltd. (Phenolic Resins, Epoxy Resins)
Royal DSM N.V (DSM Composite Resins, Akulon Resins)
BASF SE (Molded Resins, Glass Fiber Reinforced Resins)
Arkema SA (Acrylates Resins, Epoxy Resins)
Ashland Global Holdings Inc. (Acrylic Resins, Vinyl Ester Resins)
3M (Scotchcast Resin, 3M Epoxy Resins)
Lanxess AG (Durethan Resins, Tepex Composite Materials)
Momentive Performance Materials Inc. (Epoxy Resins, Silane Coupling Agents)
Mitsubishi Chemical Corporation (Epoxy Resins, Polycarbonate Resins)
Toray Industries Inc. (Carbon Fiber Reinforced Resin, Epoxy Resin)
Sika AG (Sikadur Resins, Epoxy Grouts)
Ineos Styrolution (Styrene-based Resins, Acrylonitrile Butadiene Styrene (ABS) Resins)
Cytec Solvay Group (Aerospace Resins, Epoxy Resin Systems)
In 2023, Schott Bader introduced a new range of high-performance epoxy resins specifically designed for wind turbine blade manufacturing. This development focuses on enhancing the durability and environmental resistance of composite materials used in the renewable energy sector.
In 2023, SABIC launched a new line of high-performance composite resins for use in automotive lightweighting applications. These resins are designed to reduce vehicle weight while improving fuel efficiency, supporting the automotive industry’s transition to electric vehicles.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 24.62 Billion |
| Market Size by 2032 | US$ 41.74 Billion |
| CAGR | CAGR of 6.04% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Resin Type (Thermoset Composite Resin, Thermoplastic Composite Resin) • By Manufacturing Process (Layup, Filament Winding, Injection Molding, Pultrusion, Compression Molding, Resin Transfer Molding, Others) • By Application (Construction & Infrastructure, Transportation, Electrical & Electronics, Pipes & Tanks, Wind Energy, Marine, Aerospace & Defense, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Schott Bader Company Limited, SABIC, Huntsman International LLC, The Dow Chemical Company, Hexion Inc, Polynt S.p.A , Kukdo Chemical Co., Ltd., Sumitomo Bakelite Co, Ltd, Royal DSM N.V, BASF SE, Arkema SA, Ashland Global Holdings Inc, and other players. |
| DRIVERS | • The auto and transportation industries are growing. • Focus on renewable energy sources is making more people want to use wind power. • Thermoplastic resin is becoming more popular. |
| Restraints | • High costs for processing and making •Questions about recycling |
Ans: Primary or secondary type of research done by this reports.
Ans: The auto and transportation industries are growing, Focus on renewable energy sources is making more people want to use wind power and Thermoplastic resin is becoming more popular are the drivers for Composite Resin Market.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: The composite resin is used in construction, electrical and electronics, and infrastructure, pipes and tanks, transportation, wind energy, marine, aerospace and defence, and many other places.
Ans: Composite Resin Market Size was valued at USD 23.91 billion in 2023, and expected to reach USD 41.08 billion by 2032, and grow at a CAGR of 6.20 % over the forecast period 2024-2032
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Production Capacity and Utilization, by Country, by Type, 2023
5.2 Feedstock Prices, by Country, by Type, 2023
5.3 Regulatory Impact, by Country, by Type, 2023.
5.4 Environmental Metrics: Emissions Data, Waste Management Practices, and Sustainability Initiatives, by Region
5.5 Innovation and R&D, by Type, 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Composite Resin Market Segmentation, by Resin Type
7.1 Chapter Overview
7.2 Thermoset Composite Resin
7.2.1 Thermoset Composite Resin Market Trends Analysis (2020-2032)
7.2.2 Thermoset Composite Resin Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Thermoplastic Composite Resin
7.3.1 Thermoplastic Composite Resin Market Trends Analysis (2020-2032)
7.3.2 Thermoplastic Composite Resin Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Composite Resin Market Segmentation, by Manufacturing Process
8.1 Chapter Overview
8.2 Layup
8.2.1 Layup Market Trends Analysis (2020-2032)
8.2.2 Layup Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Filament Winding
8.3.1 Filament Winding Market Trends Analysis (2020-2032)
8.3.2 Filament Winding Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Injection Molding
8.4.1 Injection Molding Market Trends Analysis (2020-2032)
8.4.2 Injection Molding Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Pultrusion
8.5.1 Pultrusion Market Trends Analysis (2020-2032)
8.5.2 Pultrusion Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Compression Molding
8.6.1 Compression Molding Market Trends Analysis (2020-2032)
8.6.2 Compression Molding Market Size Estimates and Forecasts to 2032 (USD Billion)
8.7 Resin Transfer Molding
8.7.1 Resin Transfer Molding Market Trends Analysis (2020-2032)
8.7.2 Resin Transfer Molding Market Size Estimates and Forecasts to 2032 (USD Billion)
8.8 Others
8.8.1 Others Market Trends Analysis (2020-2032)
8.8.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Composite Resin Market Segmentation, by Application
9.1 Chapter Overview
9.2 Construction & Infrastructure
9.2.1 Construction & Infrastructure Market Trends Analysis (2020-2032)
9.2.2 Construction & Infrastructure Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Transportation
9.3.1 Transportation Market Trends Analysis (2020-2032)
9.3.2 Transportation Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Electrical & Electronics
9.4.1 Electrical & Electronics Market Trends Analysis (2020-2032)
9.4.2 Electrical & Electronics Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Pipes & Tanks
9.5.1 Pipes & Tanks Market Trends Analysis (2020-2032)
9.5.2 Pipes & Tanks Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Wind Energy
9.6.1 Wind Energy Market Trends Analysis (2020-2032)
9.6.2 Wind Energy Market Size Estimates and Forecasts to 2032 (USD Billion)
9.7 Marine
9.7.1 Marine Market Trends Analysis (2020-2032)
9.7.2 Marine Market Size Estimates and Forecasts to 2032 (USD Billion)
9.8 Aerospace & Defense
9.8.1 Aerospace & Defense Market Trends Analysis (2020-2032)
9.8.2 Aerospace & Defense Market Size Estimates and Forecasts to 2032 (USD Billion)
9.9 Others
9.9.1 Others Market Trends Analysis (2020-2032)
9.9.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Composite Resin Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.2.4 North America Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.2.5 North America Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.2.6.2 USA Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.2.6.3 USA Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.2.7.2 Canada Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.2.7.3 Canada Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.2.8.2 Mexico Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.2.8.3 Mexico Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Composite Resin Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.3.1.6.2 Poland Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.1.6.3 Poland Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.3.1.7.2 Romania Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.1.7.3 Romania Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Composite Resin Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.3.2.4 Western Europe Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.2.5 Western Europe Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.3.2.6.2 Germany Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.2.6.3 Germany Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.3.2.7.2 France Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.2.7.3 France Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.3.2.8.2 UK Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.2.8.3 UK Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.3.2.9.2 Italy Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.2.9.3 Italy Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.3.2.10.2 Spain Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.2.10.3 Spain Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.3.2.13.2 Austria Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.2.13.3 Austria Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Composite Resin Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.4.4 Asia Pacific Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.4.5 Asia Pacific Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.4.6.2 China Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.4.6.3 China Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.4.7.2 India Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.4.7.3 India Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.4.8.2 Japan Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.4.8.3 Japan Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.4.9.2 South Korea Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.4.9.3 South Korea Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.4.10.2 Vietnam Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.4.10.3 Vietnam Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.4.11.2 Singapore Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.4.11.3 Singapore Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.4.12.2 Australia Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.4.12.3 Australia Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Composite Resin Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.5.1.4 Middle East Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.5.1.5 Middle East Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.5.1.6.2 UAE Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.5.1.6.3 UAE Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Composite Resin Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.5.2.4 Africa Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.5.2.5 Africa Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Composite Resin Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.6.4 Latin America Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.6.5 Latin America Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.6.6.2 Brazil Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.6.6.3 Brazil Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.6.7.2 Argentina Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.6.7.3 Argentina Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.6.8.2 Colombia Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.6.8.3 Colombia Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Composite Resin Market Estimates and Forecasts, by Resin Type (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Composite Resin Market Estimates and Forecasts, by Manufacturing Process (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Composite Resin Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11. Company Profiles
11.1 Schott Bader Company Limited
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 SABIC
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Huntsman International LLC
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 The Dow Chemical Company
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Hexion Inc
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Polynt S.p.A
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Kukdo Chemical Co., Ltd.
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Sumitomo Bakelite Co, Ltd
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Royal DSM N.V
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 BASF SE
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
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By Resin Type
Thermoset Composite Resin
Thermoplastic Composite Resin
By Manufacturing Process:
Layup
Filament Winding
Injection Molding
Pultrusion
Compression Molding
Resin Transfer Molding
Others
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Transportation
Electrical & Electronics
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Marine
Aerospace & Defense
Others
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Rest of Eastern Europe
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Rest of Western Europe
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Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
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Colombia
Rest of Latin America
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With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
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Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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