IRVING, Texas, Dec. 8, 2016 /PRNewswire/ -- According to a new market report published by Lucintel, the thermoset resin market in the global composites industry is expected to reach an estimated $13.8 billion by 2021 and it is forecast to grow at a CAGR of 4.4% by value from 2016 to 2021. The major drivers for market growth are the increasing demand for lightweight materials, and performance benefits of reinforced composites over rival materials.
This report has 101 figures/charts and 28 tables spread through 164 pages. For more detail please click http://www.lucintel.com/thermoset_resin_in_composites_industry.aspx.
Asia Pacific is expected to remain the largest market and witness the highest growth rate during the forecast period due to the anticipated growth in the end user industries and increasing demand for lightweight materials.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of rapid cure resin systems, emergence of bio based thermosets, and increasing use of Fire, Smoke, and Toxic (FST) resin. Ashland, DSM, Reichhold, Huntsman, BASF SE, Polynt, AOC, Dow Chemicals, Olin Epoxy, Bayer, and Momentive are among the major suppliers of thermoset resin in the global composites industry.
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The study includes a forecast for the growth opportunities in the thermoset resin market in the global composites industry by end use industry, process, resin, and region, as follows:
By end use industry [Volume (M lbs) and Value ($ 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
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/thermoset_resin_in_composites_industry.aspx or firstname.lastname@example.org.
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