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Composite Resin Market by Resin Type (Thermoset, Thermoplastic), Manufacturing Process (Layup, Filament Winding, Injection Molding, Pultrusion, Compression Molding, Resin Transfer Molding), Application and Region - Forecast to 2026

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    Report

  • 303 Pages
  • January 2022
  • Region: Global
  • Markets and Markets
  • ID: 5531091
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Growing Demand for Wind Energy due to Increasing Focus on Renewable Sources of Energy

The global Composite resin is expected to grow from USD 20.5 billion in 2021 to USD 27.4 billion by 2026, at a CAGR of 6.0% during the forecast period. Increasing demand from various end-use applications is majorly driving the growth of the market. Composite resins are used in construction & infrastructure, transportation, electrical & electronics, pipes & tanks, wind energy, marine, aerospace & defence, and various other applications. However, the negative impact of the COVID-19 pandemic on the end-use industries has affected the composite resin market adversely. 



The thermoplastic composite resin is the fastest-growing resin type segment of composite resin in terms of value and volume

The thermoplastic composite resin type segment is expected to witness high growth as the application of thermoplastic resin as a matrix material in composites has grown significantly in recent years. The main advantage of thermoplastic resin as matrix material is that the composites formed can be reshaped and reformed, unlike thermoset resin. High impact strength, better surface quality, less product rejection, high rigidity at elevated and sub-zero temperatures, creep resistance under severe environments, and constant load have made the thermoplastic resin market more lucrative than that for thermoset resin. The thermoplastic composite resins are widely utilized in transportation, electrical & electronics, aerospace & defence, and other industries which will drive the demand during the forecast period. 

The compression moulding manufacturing process segment to be the fastest-growing segment during the forecast period

The demand for the compression moulding process is expected to increase during the forecast period. The process requires low investment cost, and can potentially last for decades with minimal maintenance. It produces more consistent sets of products, which is important for high-volume productions. The compression moulding process mainly utilizes thermoset resins such as polyester, epoxy, and phenolic. This process is widely applicable for GFRP and CFRP products in industries such as transportation, infrastructure & construction, and aerospace & defence which is increasing its demand in the market.

The transportation application segment to be the fastest-growing segment during the forecast period

The transportation application is the fastest-growing segment as in this application composite resin is used in large quantities for the production of composites. The strength-to-weight ratio of most composites is higher than that of steel and aluminium. The saving in weight for a given level of strength makes composites play a vital role in the transportation application. Modern light rail and passenger rail are using composites in body panels, floor panels, and other components to reduce the weight and increase the efficiency of these transportation mediums. The environmental regulations regarding emission standards, specifically in North America and Europe, are the major driving factors to introduce more lightweight and fuel-efficient vehicles, thus increasing the demand for composite resins.

APAC to lead the composite resin during the forecast period

APAC is projected to have the largest share in the composite resin and will expand significantly by 2026. This dominance is attributed to the rising demand from domestic industries in the region. APAC is projected to be the fastest-growing composite resin market due to the rising demand for composites from application industries in the region. The presence of emerging economies such as China, India, and Indonesia make the region the most promising market for composite resin. An increase in its demand from pipes & tanks, electrical & electronics, and wind energy industries in APAC is expected to drive the market in the next five years. The growing focus of the region toward renewable energy resources has led to increased wind turbine installations, further leading to the growth of the composite resin market. 

This study has been validated through primary interviews conducted with various industry experts globally. These primary sources have been divided into the following three categories:

  • By Company Type: Tier 1 - 37%, Tier 2 - 33%, and Tier 3 - 30%
  • By Designation: C Level - 33%, Director Level - 27%, and Executives - 40%
  • By Region: North America - 22%, Europe - 40%, Asia Pacific (APAC) - 20%, Latin America - 3%, Middle East & Africa (MEA) - 15%

The report provides a comprehensive analysis of company profiles listed below: 

  • Huntsman International LLC (US) 
  • Hexion, Inc (US) 
  • The Dow Chemical Company (US) 
  • Ashland Global Holdings, Inc (US) 
  • Sumitomo Bakelite Co., Ltd (Japan) 
  • Schott Bader Company Limited (England) 
  • Royal DSM N.V (Netherlands) 
  • BASF SE (Germany) 
  • Kukdo Chemical Co., Ltd. (South Korea) 
  • Polynt S.p.A (Italy) 
  • SABIC (Saudi Arabia) 
  • Arkema SA (France) 
  • Evonik Industries AG (Germany) 
  • Atul Ltd (India) 
  • Allnex Composites (Germany) 
  • Nan Ya Plastics Corporation (Taiwan) 
  • Showa Denko K.K (Japan) 
  • Swancor Holdings Co., Ltd (Taiwan)

Research Coverage

This report covers the global composite resin and forecasts the market size until 2026. It includes the following market segmentation-By resin type (Thermoset Composite Resin, Thermoplastic Composite Resin), Manufacturing Process (Layup, Filament Winding, Injection Molding, Pultrusion, Compression Molding, Resin Transfer Molding, Others), Application (Construction & Infrastructure, Transportation, Electrical & Electronics, Pipes & Tanks, Wind Energy, Marine, Aerospace & Defense, and Others), and Region (North America, Europe, APAC, MEA, Latin America) - Global Forecast to 2026. Porter’s Five Forces Analysis, along with the drivers, restraints, opportunities, and challenges, have been discussed in the report. It also provides company profiles and competitive strategies adopted by the major players in the global Composite resin. 

Key benefits of buying the report

The report is expected to help market leaders/new entrants in this market in the following ways:

1. This report segments the global composite resin comprehensively. It provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions. 
2. The report helps stakeholders understand the pulse of the composite resin and provides them with information on key market drivers, restraints, challenges, and opportunities. 
3. This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, expansion, and acquisition. 

Reasons to buy the report

The report will help leaders/new entrants in this market by providing them with the closest approximations of the revenues for the overall composite resin and the sub-segments. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Market Scope
Figure 1 Composite Resin Market Segmentation
1.3.1 Regions Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes

2 Research Methodology
Figure 2 Composite Resin Market: Research Design
2.1 Base Number Calculation
2.1.1 Supply-Side Approach
2.1.2 Demand-Side Approach
2.2 Forecast Number Calculation
2.2.1 Secondary Data
2.2.2 Primary Data
2.2.2.1 Primary Interviews - Top Composite Resin Manufacturers
2.2.2.2 Breakdown of Primary Interviews
2.2.2.3 Key Industry Insights
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
Figure 3 Composite Resin Market: Bottom-Up Approach
2.3.2 Top-Down Approach
Figure 4 Composite Resin Market: Top-Down Approach
2.4 Data Triangulation
Figure 5 Composite Resin Market: Data Triangulation
2.5 Factor Analysis
2.6 Assumptions
2.7 Limitations & Risks

3 Executive Summary
Figure 6 Thermoset Composite Resin Type Dominated the Composite Resin Market in 2020
Figure 7 Layup Manufacturing Process Led the Composite Resin Market in 2020
Figure 8 Wind Energy Application Led the Market in 2020
Figure 9 China to be the Fastest-Growing Region in the Composite Resin Market During the Forecast Period
Figure 10 APAC Led the Composite Resin Market in 2020

4 Premium Insights
4.1 Attractive Opportunities in the Composite Resin Market
Figure 11 High Demand from End-Use Industries to Drive the Composite Resin Market
4.2 Composite Resin Market, by Resin Type
Figure 12 Thermoset Composite Resin Type Dominated the Overall Market
4.3 Composite Resin Market, by Manufacturing Process
Figure 13 Layup Manufacturing Process Led the Composite Resin Market
4.4 Composite Resin Market, by Application
Figure 14 Construction & Infrastructure Applications Led the Composite Resin Market
4.5 Composite Resin Market, by Key Country
Figure 15 Market in India to Grow at the Highest CAGR During the Forecast Period

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 16 Drivers, Restraints, Opportunities, and Challenges in the Composite Resin Market
5.2.1 Drivers
5.2.1.1 Growing Automotive & Transportation Industry
Figure 17 Global Electric Vehicle Stock, by Region, 2010-2020
5.2.1.2 Growing Demand for Wind Energy due to Increasing Focus on Renewable Sources of Energy
5.2.1.3 Increase in Demand for Thermoplastic Resin
5.2.2 Restraints
5.2.2.1 High Processing and Manufacturing Cost
5.2.2.2 Recycling-Related Issues
5.2.3 Opportunities
5.2.3.1 Increasing Demand from Emerging Economies
5.2.3.2 Increasing Use of Composite Resins in the Growing Aerospace Industry
Table 1 Number of New Commercial Airplane Deliveries, by Region (2020-2039)
Table 2 Small, Medium, and Large Deliveries of Aircraft from 2019 to 2038
5.2.4 Challenges
5.2.4.1 Need for Continuous Improvement in Product Offering
5.2.4.2 Market Recovery from COVID-19
5.3 Porter's Five Forces Analysis
Figure 18 Porter's Five Forces Analysis: Composite Resin Market
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of Substitutes
5.3.4 Threat of New Entrants
5.3.5 Intensity of Competitive Rivalry
Table 3 Composite Resin Market: Porter's Five Forces Analysis
5.4 Technology Analysis
5.5 Ecosystem: Composite Resin Market
Figure 19 Composite Resin Market: Ecosystem
5.6 Value Chain Analysis
Figure 20 Composite Resin Market: Value Chain Analysis
5.6.1 Raw Material Selection & Manufacturing
5.6.2 Distribution & Applications
5.7 Supply Chain Analysis
Table 4 Composite Resin Market: Supply Chain
5.8 Impact of COVID-19
5.8.1 Impact of COVID-19 on the Aerospace Industry
5.8.2 Impact of COVID-19 on the Automotive Industry
5.9 Patent Analysis
5.9.1 Introduction
5.9.2 Methodology
5.9.3 Document Type
Table 5 Granted Patents are 15% of the Total Count in the Last 10 Years
Figure 21 Global Patent Analysis, by Document Type, 2010-2020
Figure 22 Publication Trends, 2010-2020
5.9.4 Insights
5.9.5 Legal Status of Patents
Figure 23 Patent Jurisdiction Analysis, 2020
5.9.6 Top Applicants of Patents
Figure 24 Top Applicants of Patents
Table 6 List of Patents by Kao Corporation
Table 7 List of Patents by Sekisui Plastics
Table 8 List of Patents by Jsp Corporation
Table 9 Top Ten Patent Owners (Us) During the Last 10 Years
5.10 Composite Resin Market: Optimistic, Pessimistic, and Realistic Scenarios
Table 10 Composite Resin Market: CAGR (By Value) in Realistic, Pessimistic, and Optimistic Scenarios
5.10.1 Optimistic Scenario
5.10.2 Pessimistic Scenario
5.10.3 Realistic Scenario
5.11 Pricing Analysis
5.12 Average Selling Price
Table 11 Average Selling Price, by Type
5.13 Key Markets for Imports/Exports
5.13.1 Export Scenario of Composite Resin
Figure 25 Export of Unsaturated Polyallyl Esters and Other Esters in Primary Forms (Excluding Polycarbonates, Alkyd Resins, Polyethylene Terephthalate, and Polylactic Acid)
5.13.2 Import Scenario of Composite Resin
Figure 26 Import of Unsaturated Polyallyl Esters and Other Esters in Primary Forms (Excluding Polycarbonates, Alkyd Resins, Polyethylene Terephthalate, and Polylactic Acid)
5.14 Tariffs and Regulations
Table 12 Current Standard Codes for Composite Resins
5.15 Case Study: Composite Resin
5.16 Trends and Disruptions Affecting Customer's Business

6 Composite Resin Market, by Resin Type
6.1 Introduction
Figure 27 Composite Resin, by Types
Figure 28 Thermoset Composite Resin to be the Leading Resin Type
Table 13 Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 14 Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
6.2 Thermoset Composite Resin
6.2.1 Superior Properties of Thermoset Composite Resin to Boost the Market
Figure 29 APAC to be the Leading Region in the Thermoset Resin Type
6.2.2 Thermoset Composite Resin Market, by Region
Table 15 Thermoset Composite Resin Market Size, by Region, 2019-2026 (Kiloton)
Table 16 Thermoset Composite Resin Market Size, by Region, 2019-2026 (USD Million)
Figure 30 Epoxy Resin is Projected to be the Fastest-Growing Thermoset Composite Resin
6.2.3 Thermoset Composite Resin Market Size, by Type
Table 17 Thermoset Composite Resin Market Size, by Type, 2019-2026 (Kiloton)
Table 18 Thermoset Composite Resin Market Size, by Type, 2019-2026 (USD Million)
6.2.3.1 Unsaturated Polyester Resin
6.2.3.2 Unsaturated Polyester Resin Market, by Region
Table 19 Unsaturated Polyester Resin Market Size, by Region, 2019-2026 (Kiloton)
Table 20 Unsaturated Polyester Resin Market Size, by Region, 2019-2026 (USD Million)
6.2.3.3 Epoxy Resin
6.2.3.4 Epoxy Resin Market, by Region
Table 21 Epoxy Resin Market Size, by Region, 2019-2026 (Kiloton)
Table 22 Epoxy Resin Market Size, by Region, 2019-2026 (USD Million)
6.2.3.5 Vinyl Ester Resin
6.2.3.6 Vinyl Ester Resin Market, by Region
Table 23 Vinyl Ester Resin Market Size, by Region, 2019-2026 (Kiloton)
Table 24 Vinyl Ester Resin Market Size, by Region, 2019-2026 (USD Million)
6.2.3.7 Other Thermoset Composite Resins
6.2.3.8 Other Thermoset Composite Resins Market, by Region
Table 25 Other Thermoset Composite Resins Market Size, by Region, 2019-2026 (Kiloton)
Table 26 Other Thermoset Composite Resins Market Size, by Region, 2019-2026 (USD Million)
6.3 Thermoplastic Composite Resin
6.3.1 Thermoplastic Composite Market to Grow at a Fast Rate During the Forecast Period
Figure 31 APAC to be the Leading Thermoplastic Composite Resin Market
6.3.2 Thermoplastic Composite Resin Market, by Region
Table 27 Thermoplastic Composite Resin Market Size, by Region, 2019-2026 (Kiloton)
Table 28 Thermoplastic Composite Market Size, by Region, 2019-2026 (USD Million)
Figure 32 Peek to be the Fastest-Growing Thermoplastic Composite Resin During the Forecast Period
6.3.3 Thermoplastic Composite Resin Market, by Type
Table 29 Thermoplastic Composite Resin Market Size, by Type, 2019-2026 (Kiloton)
Table 30 Thermoplastic Composite Resin Market Size, by Type, 2019-2026 (USD Million)
6.3.3.1 Polypropylene Resin (Pp)
6.3.3.2 Polypropylene Resin Market, by Region
Table 31 Polypropylene Resin Market Size, by Region, 2019-2026 (Kiloton)
Table 32 Polypropylene Resin Market Size, by Region, 2019-2026 (USD Million)
6.3.3.3 Polyether Ether Ketone Resin (Peek)
6.3.3.4 Peek Resin Market, by Region
Table 33 Peek Resin Market Size, by Region, 2019-2026 (Kiloton)
Table 34 Peek Resin Market Size, by Region, 2019-2026 (USD Million)
6.3.3.5 Other Thermoplastic Composite Resins
6.3.3.6 Other Thermoplastic Resins Market, by Region
Table 35 Other Thermoplastic Resins Market Size, by Region, 2019-2026 (Kiloton)
Table 36 Other Thermoplastic Resins Market Size, by Region, 2019-2026 (USD Million)

7 Composite Resin, by Manufacturing Process
7.1 Introduction
Figure 33 Layup Manufacturing Process to Account for the Largest Share of the Global Composite Resin Market
Table 37 Composite Resin Market Size, by Manufacturing Process, 2019-2026 (Kiloton)
Table 38 Composite Resin Market Size, by Manufacturing Process, 2019-2026 (USD Million)
7.2 Layup
7.2.1 Layup Manufacturing Process to Have the Highest Share in the Composite Resin Market
Figure 34 North America to Lead in the Layup Manufacturing Process
7.2.2 Composite Resin Market in the Layup Manufacturing Process, by Region
Table 39 Composite Resin Market Size in the Layup Manufacturing Process, by Region, 2019-2026 (Kiloton)
Table 40 Composite Resin Market Size in the Layup Manufacturing Process, by Region, 2019-2026 (USD Million)
7.3 Filament Winding
7.3.1 Transportation Industry to Augment the Demand for Filament Winding Manufacturing Process
Figure 35 APAC to be the Fastest-Growing Region in the Filament Winding Manufacturing Process
7.3.2 Composite Resin Market in Filament Winding Manufacturing Process, by Region
Table 41 Composite Resin Market Size in Filament Winding Manufacturing Process, by Region, 2019-2026 (Kiloton)
Table 42 Composite Resin Size in Filament Winding Manufacturing Process, by Region, 2019-2026 (USD Million)
7.4 Injection Molding
7.4.1 Injection Molding to be the Third-Largest Manufacturing Process
Figure 36 APAC to Lead the Composite Resin Market in the Injection Molding Manufacturing Process
7.4.2 Composite Resin Market in Injection Molding Manufacturing Process, by Region
Table 43 Composite Resin Market Size in Injection Molding Manufacturing Process, by Region, 2019-2026 (Kiloton)
Table 44 Composite Resin Market Size in Injection Molding Manufacturing Process, by Region, 2019-2026 (USD Million)
7.5 Pultrusion
7.5.1 Pultrusion Process to Witness the Highest Growth in the APAC Region
Figure 37 APAC to Account for the Largest Share in the Pultrusion Manufacturing Process
7.5.2 Composite Resin Market in Pultrusion Manufacturing Process, by Region
Table 45 Composite Resin Market Size in Pultrusion Manufacturing Process, by Region, 2019-2026 (Kiloton)
Table 46 Composite Resin Market Size in Pultrusion Manufacturing Process, by Region, 2019-2026 (USD Million)
7.6 Compression Molding
7.6.1 Compression Molding to be the Second-Largest Manufacturing Process
Figure 38 APAC to Lead the Composite Resin Market in the Compression Molding Manufacturing Process
7.6.2 Composite Resin Market in the Compression Molding Manufacturing Process, by Region
Table 47 Composite Resin Market Size in the Compression Molding Manufacturing Process, by Region, 2019-2026 (Kiloton)
Table 48 Composite Resin Market Size in the Compression Molding Manufacturing Process, by Region, 2019-2026 (USD Million)
7.7 Resin Transfer Molding
7.7.1 Resin Transfer Molding to be the Fastest-Growing Manufacturing Process
Figure 39 APAC to Dominate the Composite Resin Market in the Resin Transfer Molding Manufacturing Process
7.7.2 Composite Resin Market in Rtm Manufacturing Process, by Region
Table 49 Composite Resin Market Size in Rtm Manufacturing Process, by Region, 2019-2026 (Kiloton)
Table 50 Composite Resin Market Size in Rtm Manufacturing Process, by Region, 2019-2026 (USD Million)
7.8 Others
7.8.1 Composite Resin Market in Other Manufacturing Processes, by Region
Table 51 Composite Resin Market Size in Other Manufacturing Processes, by Region, 2019-2026 (Kiloton)
Table 52 Composite Resin Market Size in Other Manufacturing Processes, by Region, 2019-2026 (USD Million)

8 Composite Resin Market, by Application
8.1 Introduction
Figure 40 Wind Energy Application Projected to Account for the Largest Share in the Global Composite Resin Market
8.2 Composite Resin Market, by Application
Table 53 Composite Resin Market Size, by Application, 2019-2026 (Kiloton)
Table 54 Composite Resin Market Size, by Application, 2019-2026 (USD Million)
8.3 Construction & Infrastructure
8.3.1 APAC to be the Fastest-Growing Region in the Construction & Infrastructure Application Segment
Figure 41 APAC Region to Lead the Construction & Infrastructure Application Segment
8.3.2 Composite Resin Market in Construction & Infrastructure Application, by Region
Table 55 Composite Resin Market Size in Construction & Infrastructure Application, by Region, 2019-2026 (Kiloton)
Table 56 Composite Resin Market Size in Construction & Infrastructure Application, by Region, 2019-2026 (USD Million)
8.4 Transportation
8.4.1 Increasing Growth of Automotive & Transportation Industry in APAC to Propel the Demand for Composite Resin
8.4.2 Automotive & Heavy Vehicles
8.4.3 Rails
Figure 42 Latin America to be the Second-Fastest-Growing Region in the Transportation Application After APAC
8.4.4 Composite Resin Market in Transportation Application, by Region
Table 57 Composite Resin Market Size in Transportation Application, by Region, 2019-2026 (Kiloton)
Table 58 Composite Resin Market Size in Transportation Application, by Region, 2019-2026 (USD Million)
8.5 Electricals & Electronics
8.5.1 Increasing Use of Composites in Electricals & Electronics Segment to Drive the Market Growth of Composite Resin
Figure 43 APAC Region to Have the Largest Share in the Electricals & Electronics Application Segment
8.5.2 Composite Resin Market in Electricals & Electronics Application, by Region
Table 59 Composite Resin Market Size in Electricals & Electronics Application, by Region, 2019-2026 (Kiloton)
Table 60 Composite Resin Market Size in Electricals & Electronics Application, by Region, 2019-2026 (USD Million)
8.6 Pipes & Tanks
8.6.1 Lightweight Properties of Composites to Boost the Demand for Composite Resins in the Pipes & Tanks Application Segment
Figure 44 Pipes & Tanks Application Segment to Observe Growth in APAC
8.6.2 Composite Resin Market in Pipes & Tanks Application, by Region
Table 61 Composite Resin Market Size in Pipes & Tanks Application, by Region, 2019-2026 (Kiloton)
Table 62 Composite Resin Market Size in Pipes & Tanks Application, by Region, 2019-2026 (USD Million)
8.7 Wind Energy
8.7.1 Growing Wind Energy Industry to Augment the Demand for Composite Resins
Figure 45 APAC to be the Fastest-Growing Region in the Wind Energy Application Segment
8.7.2 Composite Resin Market in Wind Energy Application, by Region
Table 63 Composite Resin Market Size in Wind Energy Application, by Region, 2019-2026 (Kiloton)
Table 64 Composite Resin Market Size in Wind Energy Application, by Region, 2019-2026 (USD Million)
8.8 Marine
8.8.1 Marine Application to Witness Rapid Growth in the Composite Resin Market
Figure 46 Marine Application Segment to Witness Growth in the APAC Region
8.8.2 Composite Resin Market in Marine Application, by Region
Table 65 Composite Resin Market Size in Marine Application, by Region, 2019-2026 (Kiloton)
Table 66 Composite Resin Market Size in Marine Application, by Region, 2019-2026 (USD Million)
8.9 Aerospace & Defense
8.9.1 North America to Have the Largest Market Size in the Aerospace & Defense Application
Figure 47 North America to Have the Largest Share in the Aerospace & Defense Application Segment
8.9.2 Composite Resin Market in Aerospace & Defense Application, by Region
Table 67 Composite Resin Market Size in Aerospace & Defense Application, by Region, 2019-2026 (Kiloton)
Table 68 Composite Resin Market Size in Aerospace & Defense Application, by Region, 2019-2026 (USD Million)
8.10 Other Applications
8.10.1 APAC to be the Leading Region in the Other Applications of Composite Resin
8.10.2 Composite Resin Market Size in Other Applications, by Region
Table 69 Composite Resin Market Size in Other Applications, by Region, 2019-2026 (Kiloton)
Table 70 Composite Resin Market Size in Other Applications, by Region, 2019-2026 (USD Million)

9 Composite Resin Market, by Region
9.1 Introduction
Figure 48 China to be the Fastest-Growing Composite Resin Market During the Forecast Period
Table 71 Composite Resin Market Size, by Region, 2019-2026 (Kiloton)
Table 72 Composite Resin Market Size, by Region, 2019-2026 (USD Million)
9.2 North America
Figure 49 North America: Composite Resin Market Snapshot
9.2.1 North America: Composite Resin Market, by Resin Type
Table 73 North America: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 74 North America: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.2.2 North America: Composite Resin Market, by Manufacturing Process
Table 75 North America: Composite Resin Market Size, by Manufacturing Process, 2019-2026 (Kiloton)
Table 76 North America: Composite Resin Market Size, by Manufacturing Process, 2019-2026 (USD Million)
9.2.3 North America: Composite Resin Market, by Application
Table 77 North America: Composite Resin Market Size, by Application, 2019-2026 (Kiloton)
Table 78 North America: Composite Resin Market Size, by Application, 2019-2026 (USD Million)
9.2.4 North America: Composite Resin Market, by Country
Table 79 North America: Composite Resin Market Size, by Country, 2019-2026 (Kiloton)
Table 80 North America: Composite Resin Market Size, by Country, 2019-2026 (USD Million)
9.2.4.1 US
9.2.4.1.1 Well-Built Ecosystem of Wind Energy Sector is Driving the Demand for Composite Resins in the US
Table 81 US: New Wind Energy Installations, 2010-2019 (Mw)
Table 82 US: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 83 US: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.2.4.2 Canada
9.2.4.2.1 Growing Focus on Construction & Infrastructure in the Country is Driving the Composite Resins Market
Table 84 Canada: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 85 Canada: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.3 APAC
Figure 50 APAC: Composite Resin Market Snapshot
9.3.1 APAC: Composite Resin Market, by Resin Type
Table 86 APAC: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 87 APAC: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.3.2 APAC: Composite Resin Market, by Manufacturing Process
Table 88 APAC: Composite Resin Market Size, by Manufacturing Process, 2019-2026 (Kiloton)
Table 89 APAC: Composite Resin Market Size, by Manufacturing Process, 2019-2026 (USD Million)
9.3.3 APAC: Composite Resin Market, by Application
Table 90 APAC: Composite Resin Market Size, by Application, 2019-2026 (Kiloton)
Table 91 APAC: Composite Resin Market Size, by Application, 2019-2026 (USD Million)
9.3.4 APAC: Composite Resin Market, by Country
Table 92 APAC: Composite Resin Market Size, by Country, 2019-2026 (Kiloton)
Table 93 APAC: Composite Resin Market Size, by Country, 2019-2026 (USD Million)
9.3.4.1 China
9.3.4.1.1 Largest Composite Resins Market in APAC Region
Table 94 China: New Wind Energy Installations, 2010-2020 (Mw)
Table 95 China: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 96 China: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.3.4.2 Japan
9.3.4.2.1 Immense Opportunities in Construction & Infrastructure, Electrical & Electronics, and Automotive & Transportation Sectors
Table 97 Japan: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 98 Japan: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.3.4.3 India
9.3.4.3.1 Vast Population Making It the Most Promising Market
Table 99 India: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 100 India: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.3.4.4 Indonesia
9.3.4.4.1 Growing Government Initiative for Manufacturing Fuel-Efficient Vehicles to Drive the Market
Table 101 Indonesia: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 102 Indonesia: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.3.4.5 Malaysia
9.3.4.5.1 Potential to Become the Regional Hub for Composite Resins
Table 103 Malaysia: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 104 Malaysia: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.3.4.6 Philippines
9.3.4.6.1 High Growth Potential in the Wind Energy Sector
Table 105 Philippines: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 106 Philippines: Composite Resin Market Size, by Resin Type, 2019-2026 (Million)
9.3.4.7 Pakistan
9.3.4.7.1 Growing Penetration of Composite Technology in Various End-Use Industries
Table 107 Pakistan: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 108 Pakistan: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.3.4.8 Bangladesh
9.3.4.8.1 Increasing Consumption of Composite Resins in the Construction & Infrastructure Industry
Table 109 Bangladesh: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 110 Bangladesh: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.3.4.9 Sri Lanka
9.3.4.9.1 Growing Economy, Coupled with Increasing Middle-Class Population, is Propelling the Growth of the Market
Table 111 Sri Lanka: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 112 Sri Lanka: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.3.4.10 Rest of APAC
Table 113 Rest of APAC: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 114 Rest of APAC: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.4 Europe
Figure 51 Europe: Composite Resin Market Snapshot
9.4.1 Europe: Composite Resin Market, by Resin Type
Table 115 Europe: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 116 Europe: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.4.2 Europe: Composite Resin Market, by Manufacturing Process
Table 117 Europe: Composite Resin Market Size, by Manufacturing Process, 2019-2026 (Kiloton)
Table 118 Europe: Composite Resin Market Size, by Manufacturing Process, 2019-2026 (USD Million)
9.4.3 Europe: Composite Resin Market, by Application
Table 119 Europe: Composite Resin Market Size, by Application, 2019-2026 (Kiloton)
Table 120 Europe: Composite Resin Market Size, by Application, 2019-2026 (USD Million)
9.4.4 Europe: Composite Resin Market, by Country
Table 121 Europe: Composite Resin Market Size, by Country, 2019-2026 (Kiloton)
Table 122 Europe: Composite Resin Market Size, by Country, 2019-2026 (USD Million)
9.4.4.1 Germany
9.4.4.1.1 Growing Automotive Industry to Propel the Market Growth
Table 123 Germany: New Wind Energy Installations, 2010-2019 (Mw)
Table 124 Germany: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 125 Germany: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.4.4.2 France
9.4.4.2.1 Increasing Demand for Composite Resins in Aerospace Applications to Drive the Market Growth
Table 126 France: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 127 France: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.4.4.3 UK
9.4.4.3.1 Transportation Industry to Boost the Market Growth
Table 128 UK: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 129 UK: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.4.4.4 Turkey
9.4.4.4.1 Wind Energy Applications to Propel the Market Growth
Table 130 Turkey: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 131 Turkey: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.4.4.5 Russia
9.4.4.5.1 Increasing Aerospace Applications to Drive the Market Growth
Table 132 Russia: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 133 Russia: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.4.4.6 Rest of Europe
Table 134 Rest of Europe: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 135 Rest of Europe: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.5 Latin America
9.5.1 Latin America: Composite Resin Market, by Resin Type
Table 136 Latin America: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 137 Latin America: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.5.2 Latin America: Composite Resin Market, by Manufacturing Process
Table 138 Latin America: Composite Resin Market Size, by Manufacturing Process, 2019-2026 (Kiloton)
Table 139 Latin America: Composite Resin Market Size, by Manufacturing Process, 2019-2026 (USD Million)
9.5.3 Latin America: Composite Resin Market, by Application
Table 140 Latin America: Composite Resin Market Size, by Application, 2019-2026 (Kiloton)
Table 141 Latin America: Composite Resin Market Size, by Application, 2019-2026 (USD Million)
9.5.4 Latin America: Composite Resin Market, by Country
Table 142 Latin America: Composite Resin Market Size, by Country, 2019-2026 (Kiloton)
Table 143 Latin America: Composite Resin Market Size, by Country, 2019-2026 (USD Million)
9.5.4.1 Brazil
9.5.4.1.1 Fastest Developing Market in Latin America
Table 144 Brazil: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 145 Brazil: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.5.4.2 Mexico
9.5.4.2.1 Growing Industrial Framework to Drive the Market
Table 146 Mexico: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 147 Mexico: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.5.4.3 Rest of Latin America
Table 148 Rest of Latin America: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 149 Rest of Latin America: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.6 Middle East & Africa
9.6.1 Middle East & Africa: Composite Resin Market, by Resin Type
Table 150 Middle East & Africa: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 151 Middle East & Africa: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.6.2 Middle East & Africa: Composite Resin Market, by Manufacturing Process
Table 152 Middle East & Africa: Composite Resin Market Size, by Manufacturing Process, 2019-2026 (Kiloton)
Table 153 Middle East & Africa: Composite Resin Market Size, by Manufacturing Process, 2019-2026 (USD Million)
9.6.3 Middle East & Africa: Composite Resin Market, by Application
Table 154 Middle East & Africa: Composite Resin Market Size, by Application, 2019-2026 (Kiloton)
Table 155 Middle East & Africa: Composite Resin Market Size, by Application, 2019-2026 (USD Million)
9.6.4 Middle East & Africa: Composite Resin Market, by Country
Table 156 Middle East & Africa: Composite Resin Market Size, by Country, 2019-2026 (Kiloton)
Table 157 Middle East & Africa: Composite Resin Market Size, by Country, 2019-2026 (USD Million)
9.6.4.1 UAE
9.6.4.1.1 Growing Spending on Construction & Infrastructure is Driving the Market
Table 158 UAE: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 159 UAE: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.6.4.2 Saudi Arabia
9.6.4.2.1 Largest Composite Resins Market in the Middle East & Africa
Table 160 Saudi Arabia: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 161 Saudi Arabia: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.6.4.3 South Africa
9.6.4.3.1 Fast-Growing Market in the Middle East & Africa
Table 162 South Africa: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 163 South Africa: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.6.4.4 Egypt
9.6.4.4.1 Lucrative Growth in the Construction & Infrastructure Application
Table 164 Egypt: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 165 Egypt: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.6.4.5 Nigeria
9.6.4.5.1 Significant Demand for Composite Resins in the Pipes & Tanks Application
Table 166 Nigeria: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 167 Nigeria: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.6.4.6 Ethiopia
9.6.4.6.1 Country's Fast-Growing and Vibrant Economy is Driving the Market
Table 168 Ethiopia: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 169 Ethiopia: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.6.4.7 Kenya
9.6.4.7.1 Significant Demand for Composite Resins in Construction Application
Table 170 Kenya: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 171 Kenya: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.6.4.8 Israel
9.6.4.8.1 Potential Country for the Composite Resins Market in the Middle East Region
Table 172 Israel: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 173 Israel: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.6.4.9 Jordan
9.6.4.9.1 Increasing Penetration in Pipes & Tanks Application to Augment the Market Growth
Table 174 Jordan: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 175 Jordan: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)
9.6.4.10 Rest of Mea
Table 176 Rest of Mea: Composite Resin Market Size, by Resin Type, 2019-2026 (Kiloton)
Table 177 Rest of Mea: Composite Resin Market Size, by Resin Type, 2019-2026 (USD Million)

10 Competitive Landscape
10.1 Introduction
10.2 Market Share Analysis
Figure 52 Shares of Top Companies in the Composite Resin Market
Table 178 Degree of Competition: Fragmented
10.3 Market Ranking
Figure 53 Ranking of Top Five Players in the Composite Resin Market
10.4 Market Evaluation Framework
Table 179 Composite Resin Market: New Product Launches/ Developments, 2016-2021
Table 180 Composite Resin Market: Other Deals, 2016-2021
10.5 Revenue Analysis of Top Market Players
10.6 Company Evaluation Matrix
Figure 54 Company Product Footprint
Figure 55 Company Application Footprint
Figure 56 Company Resin Type Footprint
Figure 57 Company Region Footprint
10.6.1 Star
10.6.2 Pervasive
10.6.3 Participants
10.6.4 Emerging Leaders
Figure 58 Composite Resin Market (Global) Competitive Leadership Mapping, 2020
Figure 59 Strength of Product Portfolio
Figure 60 Business Strategy Excellence
10.7 Small and Medium-Sized Enterprises (Sme) Evaluation Matrix
10.7.1 Progressive Companies
10.7.2 Responsive Companies
10.7.3 Dynamic Companies
10.7.4 Starting Blocks
Figure 61 Composite Resin Market: Small and Medium-Sized Enterprises Mapping, 2020

11 Company Profiles
(Business Overview, Products Offered, Recent Developments, Deals, and Analyst's View)*
11.1 Key Companies
11.1.1 Huntsman International LLC
Table 181 Huntsman International LLC: Company Overview
Figure 62 Huntsman International LLC: Company Snapshot
Table 182 Huntsman International LLC: Deals
11.1.2 Hexion, Inc.
Table 183 Hexion, Inc.: Company Overview
Figure 63 Hexion, Inc.: Company Snapshot
Table 184 Hexion, Inc.: Deals
11.1.3 The Dow Chemical Company
Table 185 The Dow Chemical Company: Company Overview
Figure 64 The Dow Chemical Company: Company Snapshot
11.1.4 Ashland Global Holdings, Inc.
Table 186 Ashland Global Holdings, Inc.: Company Overview
Figure 65 Ashland Global Holdings, Inc.: Company Snapshot
11.1.5 Sumitomo Bakelite Co., Ltd.
Table 187 Sumitomo Bakelite Co., Ltd.: Company Overview
Figure 66 Sumitomo Bakelite Co., Ltd.: Company Snapshot
11.1.6 Schott Bader Company Limited
Table 188 Schott Bader Company Limited: Company Overview
Figure 67 Schott Bader Company Limited: Company Snapshot
11.1.7 Royal Dsm N.V.
Table 189 Royal Dsm N.V.: Company Overview
11.1.8 Basf Se
Table 190 Basf Se: Company Overview
Figure 69 Basf Se: Company Snapshot
11.1.9 Kukdo Chemical Co., Ltd.
Table 191 Kukdo Chemical Co., Ltd.: Company Overview
Figure 70 Kukdo Chemical Co., Ltd.: Company Snapshot
11.1.10 Polynt S.P.A
Table 192 Polynt S.P.A: Company Overview
Figure 71 Polynt S.P.A: Company Snapshot
11.1.11 Sabic
Table 193 Sabic: Company Overview
Figure 72 Sabic: Company Snapshot
11.1.12 Arkema
Table 194 Arkema: Company Overview
Figure 73 Arkema: Company Snapshot
Table 195 Arkema: Product Launches
Table 196 Arkema: Deals
11.1.13 Evonik Industries Ag
Table 197 Evonik Industries Ag: Company Overview
Figure 74 Evonik Industries Ag: Company Snapshot
Table 198 Evonik Industries Ag: Product Launches
Table 199 Evonik Industries Ag: Deals
11.2 Regional Companies
11.2.1 Poliya
Table 200 Poliya: Company Overview
11.2.2 Atul Ltd
Table 201 Atul Ltd: Company Overview
Figure 75 Atul Ltd: Company Snapshot
11.2.3 Allnex Composites
Table 202 Allnex Composites: Company Overview
Table 203 Allnex GmbH: Product Launches
Table 204 Allnex GmbH: Deals
11.2.4 Nan Ya Plastics Corporation
Table 205 Nan Ya Plastics Corporation: Company Overview
Figure 76 Nan Ya Plastics Corporation: Company Snapshot
11.2.5 Chemrex Corporation Sdn. Bhd.
Table 206 Chemrex Corporation: Company Overview
11.2.6 Showa Denko K.K
Table 207 Showa Denko K.K: Company Overview
Figure 77 Showa Denko K.K: Company Snapshot
Table 208 Showa Denko K.K: Product Launches
Table 209 Showa Denko K.K: Deals
11.2.7 Hitech Resins
Table 210 Hitech Resins: Company Overview
11.2.8 Industrial Chemicals & Resins Co.
Table 211 Industrial Chemicals & Resins Co.: Company Overview
11.2.9 Polychem Middle East
Table 212 Polychem Middle East: Company Overview
11.2.10 Orgi Chemie Fzc LLC
Table 213 Orgi Chemie Fzc LLC: Company Overview
11.2.11 Saudi Industrial Resins Limited
Table 214 Saudi Industrial Resins Limited: Company Overview
11.2.12 Eternal Resin Company Limited
Table 215 Eternal Resin Company Limited: Company Overview
11.2.13 Showa Highpolymer Singapore Pte Ltd
Table 216 Showa Highpolymer Singapore: Company Overview
11.2.14 Swancor Holdings Co., Ltd
Table 217 Swancor Holdings Co., Ltd: Company Overview
Figure 78 Swancor Holdings Co., Ltd: Company Snapshot
11.2.15 Luxchem Polymer Industries Sdn Bhd
Table 218 Luxchem Polymer Industries Sdn Bhd: Company Overview
11.2.16 Synresins Limited
Table 219 Synresins Limited: Company Overview
11.2.17 Sino Polymer Co., Ltd.
Table 220 Sino Polymer Co., Ltd.: Company Overview
11.2.18 Ncs Resins (Pty) Ltd
Table 221 Ncs Resins (Pty) Ltd: Company Overview
11.2.19 Eagle Chemicals
Table 222 Eagle Chemicals: Company Overview
11.2.20 Nimir Resins Limited
Table 223 Nimir Resins Limited: Company Overview
Figure 79 Nimir Resins Limited: Company Snapshot
* Business Overview, Products Offered, Recent Developments, Deals, and Analyst's View Might Not be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: The Subscription Portal
12.3 Available Customizations

Companies Mentioned

  • Allnex Composites
  • Arkema
  • Ashland Global Holdings, Inc.
  • Atul Ltd
  • Basf Se
  • Chemrex Corporation Sdn. Bhd.
  • Eagle Chemicals
  • Eternal Resin Company Limited
  • Evonik Industries Ag
  • Hexion, Inc.
  • Hitech Resins
  • Huntsman International LLC
  • Industrial Chemicals & Resins Co.
  • Kukdo Chemical Co., Ltd.
  • Luxchem Polymer Industries Sdn Bhd
  • Nan Ya Plastics Corporation
  • Ncs Resins (Pty) Ltd
  • Nimir Resins Limited
  • Orgi Chemie Fzc LLC
  • Poliya
  • Polychem Middle East
  • Polynt S.P.A
  • Regional Companies
  • Royal Dsm N.V.
  • Sabic
  • Saudi Industrial Resins Limited
  • Schott Bader Company Limited
  • Showa Denko K.K
  • Showa Highpolymer Singapore Pte Ltd
  • Sino Polymer Co., Ltd.
  • Sumitomo Bakelite Co., Ltd.
  • Swancor Holdings Co., Ltd
  • Synresins Limited
  • The Dow Chemical Company

Methodology

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Table Information

Report AttributeDetails
No. of Pages303
PublishedJanuary 2022
Forecast Period2021 - 2026
Estimated Market Value ( USD ) in 2021 $ 20.5 Billion
Forecasted Market Value ( USD ) by 2026 $ 27.4 Billion
Compound Annual Growth Rate6.0%
Regions CoveredGlobal
No. of Companies Mentioned34

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