NEW YORK, Dec. 12, 2016 /PRNewswire/ -- Opportunities identified by end use industry type (pipe and tank, construction, electrical/electronics, wind energy, transportation, marine, consumer goods, aerospace/defense, others), by process type (hand lay-up/spray up, filament winding, injection molding, compression molding, prepreg lay-up, resin infusion, pultrusion), by resin type (polyester, epoxy, vinyl ester, phenolic, polyurethane, others) by region (North America, Europe, Asia Pacific, Rest of the World)
The future of thermoset resin in the global composites industry looks good with opportunities in pipe and tank, construction, electrical/electronics, wind energy, marine, transportation, aerospace/defense, and consumer goods industries. The thermoset resin market in the global composites industry is expected to reach an estimated $13.8 billion by 2021 and it is forecast to grow at a CAGR of 4.4% by value from 2016 to 2021. The major drivers for market growth are the increasing demand for lightweight materials, and performance benefits of reinforced composites over rival materials.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of rapid cure resin systems, emergence of bio based thermosets, and increasing use of Fire, Smoke, and Toxic (FST) resin.
A total of 101 figures / charts and 28 tables are provided in this 164-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this report, download the report brochure.
The study includes a forecast for the growth opportunities in the thermoset resin market in the global composites industry by end use industry, process, resin, and region, as follows:
By end use industry [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:
- Pipe and Tank
- Wind Energy
- Consumer Goods
By process [Volume (M lbs) from 2010 to 2021]:
- Hand Lay-Up/Spray Up
- Filament Winding
- Injection molding
- Compression molding
- Prepreg Lay-Up
- Resin Infusion
By resin [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:
- Vinyl Ester
By region [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:
- North America
- Asia Pacific
- Rest of the World
Ashland, DSM, Reichhold, Huntsman, BASF SE, Polynt, AOC, Dow Chemicals, Olin Epoxy, Bayer, and Momentive are among the major suppliers of thermoset resin in the global composites industry.
On the basis of its comprehensive research, Lucintel forecasts that the aerospace/defense, transportation, and construction segments are expected to show above average growth during the forecast period.
Within the thermoset resin market in the global composites industry, pipe and tank is expected to remain the largest segment by value and construction by volume.
Asia Pacific is expected to remain the largest market and witness the highest growth rate during the forecast period due to the anticipated growth in the end user industries and increasing demand for lightweight materials.
This report addresses the following key questions:
Q.1. What are some of the most promising, high-growth opportunities for thermoset resin in the global composites industry by end use industry (pipe and tank, construction, electrical/electronics, wind energy, transportation, marine, consumer goods, aerospace/defense, and others), process (hand lay-up/spray up, filament winding, injection molding, compression molding, prepreg lay-up, resin infusion, pultrusion, and others), resin (polyester, epoxy, vinyl ester, phenolic, polyurethane, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which products segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are emerging trends in this market and reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market and which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11. What M&A activity has occurred in the last 5 years?
Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team.
The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors' financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel's professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the market. Some of the Thermoset Resin manufacturers in global composites industry are BASF. DOW. Olin, Huntsman, Momentive, Kudko and others. Some of the part fabricators in this industry are LM Wind Power, Tecsis, ZCL Composites, Amiantit, Future Pipe, TPI Composites and others.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
Read the full report: http://www.reportlinker.com/p04445294-summary/view-report.html
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: email@example.com
Intl: +1 339-368-6001
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/growth-opportunities-for-thermoset-resin-market-in-the-global-composites-industry-300376987.html