Thermoset Composites Market to Witness Huge Growth by 2027 – Chongqing Polycomp International Corporation, Hexcel Corporation, Huntsman International and JEC Group
The Insight Partners has published a new research report on Global Thermoset Composites Market sizes, upcoming industry trends and growth opportunity through 2019-2027. This study comprises of prominent data which makes it a beneficial source for investors, analysts and industry experts to acquire necessary knowledge associated to the fundamental market trends, opportunities and growth drivers. The Thermoset Composites Industry Key Manufacturer, to describe, define and analyze the value, market share, trends, market demand, research, competition landscape, SWOT analysis and development plans in the coming years.
Thermoset composites are manufactured using different kinds of reinforcements. The thermoset composites matrices include epoxies, vinyl esters, polyamide, cyanate esters, polyamides and phenolics. The polymer-based thermoset composites establish a very important class of thermosets for structural applications in automotive, aeronautical, marine and other components. The high specific strength of the thermoset composites proves it to be competitive with metallic materials and used as an alternative for metallic materials.
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The Key Players Profiled In The Market Include:
1. Chongqing Polycomp International Corporation
2. Hexcel Corporation
3. Huntsman International LLC.
4. JEC Group
5. Mitsubishi Chemical Corporation
6. Owens Corning
7. PPG Industries Inc.
8. SGL Carbon
9. Teijin Limited
10. Toray Industries Inc.
The thermoset composites market is assumed to grow in the forecast considering the growing use of thermoset composites for the manufacturing of structural composite parts used in aircraft. Increased demand for lightweight materials from the transport industry coupled with the increasing use of thermoset composites by the wind energy industry is estimated to create an upsurge in the thermoset composites market. However, the issues related to the remold ability and recyclability might restrict the growth of the thermoset composites market. On the other hand, the potential opportunities in new applications are likely to showcase growth opportunities for the thermoset composites market during the forecast period.
The global thermoset composites market is segmented on the basis of manufacturing process, fiber type, resin type and end-use industry. Based on manufacturing process, the market is segmented as lay-up process, filament winding process, injection molding process, pultrusion process and other processes. On the basis of fiber type, the market is segmented as glass, carbon and others. Based on resin type, the market is segmented as polyester resin, vinyl ester resin, epoxy resin and other thermoset resins. Based on end-use industry, the market is segmented as aerospace & defense, transportation, marine, construction & infrastructure and others.
The research thoroughly establishes critical market drivers, well-identified restraints, future opportunities, and ongoing trends of the market with essential statistics to provide precise data in terms of value and volume. The report focuses on the competitive landscape along with the SWOT analysis of some leading company profiles that have a significant impact on global market practices.
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The global study on Thermoset Composites Market sums up area wise market distribution with respect to five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America covering the political, economic, social, and technological scenario for each region and its impact on the market. The report further breaks down the analysis for the major countries in these regions to provide a detailed picture of the market share and growth rate.
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