Research and Markets: Composite Resin (Thermoset and Thermoplastic) Market 2015 – Global Forecasts to 2020
November 25, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/mxp8zj/composite_resin) has announced the addition of the “Composite Resin Market– Global Forecasts to 2020″ report to their offering.
The composite resin market, in terms of value, is projected to reach around USD 12,885.5 Million by 2020, growing at a CAGR of 5.6% between 2015 and 2020
The global market has witnessed a strong growth in the past few years. This growth is estimated to continue in the coming years. Composite resin has already recognized its value in various end-use applications, the current challenge is to make it cost effective. The efforts to develop and commercialize economically beneficial composite components and structures have resulted in several innovative production techniques currently being used in the composite resin industry.
There are number of drivers for the growth of the market including rise in the demand for lightweight materials from the transportation industry to increase the fuel efficiency, growing demand for wind energy as clean energy, and increasing use of composites by Boeing and Airbus in the aerospace industry. Construction & infrastructure, transportation, electricals & electronics, and wind energy industries are the major industries driving the market for composite resin. In 2013, the global wind energy market increased by around 25% due to the adoption of green energy all over the world.
Composite resins are widely used in aerospace & defense, wind energy, automotive, sporting goods, marine, and construction & infrastructure industry and are now increasing their area of applications in niche applications market. Composite resin is able to meet diverse design requirements with significant weight savings as well as high strength-to-weight ratio as compared to conventional materials. High demand for composite resin from end-use industry from the emerging economies, such as China, Japan, Brazil, and India are the key drivers according to the current market dynamics.
Also, such demand is backed by new industrial applications. The upcoming technological advancements and innovative techniques developed for the use of composite resin will be the key influencing factors for the global market, with increased emphasis on the current cost and their applications.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Market, By Resin Type
7 Market, By Manufacturing Process
8 Market, By Application
9 Regional Analysis
10 Competitive Landscape
11 Company Profiles
– Alpha Owens – Corning
– Ashland Inc.
– BASF SE
– Hexion Inc.
– Huntsman Corporation
– Kukdo Chemical Co.Ltd.
– Polynt SPA
– Reichhold LLC
– Royal DSM
– Saudi Basic Industries Corporation (SABIC)
– Scott Bader Company Limited
– Sumitomo Bakelite Co.,Ltd
– The Dow Chemical Company
For more information visit http://www.researchandmarkets.com/research/mxp8zj/composite_resin
View source version on businesswire.com: http://www.businesswire.com/news/home/20151125005794/en/
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Sector: Chemicals, Plastic Resins, Composites
