Reports

Sale

Global Composite Resin Market Size, Share, Forecast: By Resin Type: Thermoset Composite Resin, Thermoplastic Composite Resin; By Manufacturing Process: Layup, Filament Winding, Injection Moulding, Pultrusion, Compression Moulding, Resin Transfer Moulding, Others; By Application; Regional Analysis; Competitive Landscape; 2024-2032

Global Composite Resin Market Outlook

The global composite resin market size reached nearly USD 24.36 billion in 2023. The market is projected to grow at a CAGR of 5.9% between 2024 and 2032 to reach a value of around USD 40.80 billion by 2032.

Key Trends in the Market

Composite resin refers to an organic compound which is solid or semi-solid in nature. These compounds are obtained by condensing or polymerising low-molecular-weight organic substances, and they possess high compressive strength.

The increasing demand for composite resin in the automotive sector is a crucial trend supporting the market growth. Growing research and development activities by the leading automotive manufacturers to develop lightweight and high-performance cars are further boosting the composite resin market growth.

Heightening demand for composite resins across the construction sector to build robust structures, bridges, and buildings, is adding to the market growth. In addition to this, rapid urbanisation, coupled with the increasing population in emerging economies, is generating a healthy demand for composite resins.

Composite resins are extensively used in the dental sector to manufacture dental fillings and implants, among others. In this regard, the rising healthcare expenditure of developed and developing countries and the growing focus on oral health are crucial composite resin market trends.

Market Analysis

Based on resin type, the market is segmented into thermoset composite resin and thermoplastic composite resin. On the basis of manufacturing process, the composite resin market segmentation includes layup, filament winding, injection moulding, pultrusion, compression moulding, and resin transfer moulding, among others.

By application, the market is categorised into construction and infrastructure, transportation, electrical and electronics, pipes and tanks, wind energy, marine, and aerospace and defence, among others. The major regional markets for composite resin include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global composite resin market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

Huntsman International LLC

Scott Bader Company Ltd

BASF SE

Polynt S.p.A.

Saudi Basic Industries Corporation

Arkema S.A

Evonik Industries AG

Allnex Group

Showa America, Inc.

Others

Market Share by Resin Type

Thermoplastic composite resin accounts for a significant portion of the composite resin market share. This can be attributed to the versatility and customisable benefits of these resins. Thermoplastic composite resins are used in an array of applications, including consumer appliances, clothing items, mechanical components, and packaging materials, among others. In addition, these resins are lightweight and offer high impact resistance, making them applicable in various sectors such as construction and automotive.

Market Share by Manufacturing Process

As per the composite resin market analysis, injection moulding is likely to witness a heightened growth in the forecast period. This process offers high efficiency, low wastage, and repeatability, enabling manufacturers to handle extremely complex parts. It also produces little to no-post processing waste while reducing the overall cost and time required in manufacturing composite resins.

In addition, increasing automation in the injection moulding process is reducing the requirement for manual labour, leading to a higher business profitability. This factor is expected to garner the segment’s growth in the forecast period.

Competitive Landscape

Huntsman International LLC is a company which manufactures advanced materials and performance products, such as composite resin and polyurethane, among others. It was founded in 1970 and is headquartered in Utah, the United States.

BASF SE is a multinational company which manufactures and offers high-quality polymer emulsions, binders, and resins, among others. It was founded in 1865 and is headquartered in Ludwigshafen, Germany.

Polynt S.p.A. is one of the largest chemical producers. The product portfolio of this company includes resins, esters, and several other types of compounds. The company was established in 1955 and is headquartered in Scanzorosciate, Italy.

Other composite resin market players include Scott Bader Company Ltd, Saudi Basic Industries Corporation, Arkema S.A, Evonik Industries AG, Allnex Group, and Showa America, Inc., among others.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Scope of the Report	Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Resin Type Manufacturing Process Application Region
Breakup by Resin Type	Thermoset Composite Resin Thermoplastic Composite Resin
Breakup by Manufacturing Process	Layup Filament Winding Injection Moulding Pultrusion Compression Moulding Resin Transfer Moulding Others
Breakup by Application	Construction and Infrastructure Transportation Electrical and Electronics Pipes and Tanks Wind Energy Marine Aerospace and Defence Others
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	Huntsman International LLC Scott Bader Company Ltd BASF SE Polynt S.p.A. Saudi Basic Industries Corporation Arkema S.A Evonik Industries AG Allnex Group Showa America, Inc. Others

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Market Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Composite Resin Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Composite Resin Historical Market (2018-2023)
   8.3   Global Composite Resin Market Forecast (2024-2032)
   8.4   Global Composite Resin Market by Resin Type
       8.4.1   Thermoset Composite Resin
           8.4.1.1   Historical Trend (2018-2023)
           8.4.1.2   Forecast Trend (2024-2032)
       8.4.2   Thermoplastic Composite Resin
           8.4.2.1   Historical Trend (2018-2023)
           8.4.2.2   Forecast Trend (2024-2032)
   8.5   Global Composite Resin Market by Manufacturing Process
       8.5.1   Layup
           8.5.1.1   Historical Trend (2018-2023)
           8.5.1.2   Forecast Trend (2024-2032)
       8.5.2   Filament Winding
           8.5.2.1   Historical Trend (2018-2023)
           8.5.2.2   Forecast Trend (2024-2032)
       8.5.3   Injection Moulding
           8.5.3.1   Historical Trend (2018-2023)
           8.5.3.2   Forecast Trend (2024-2032)
       8.5.4   Pultrusion
           8.5.4.1   Historical Trend (2018-2023)
           8.5.4.2   Forecast Trend (2024-2032)
       8.5.5   Compression Moulding
           8.5.5.1   Historical Trend (2018-2023)
           8.5.5.2   Forecast Trend (2024-2032)
       8.5.6   Resin Transfer Moulding
           8.5.6.1   Historical Trend (2018-2023)
           8.5.6.2   Forecast Trend (2024-2032)
       8.5.7   Others
   8.6   Global Composite Resin Market by Application
       8.6.1   Construction and Infrastructure
           8.6.1.1   Historical Trend (2018-2023)
           8.6.1.2   Forecast Trend (2024-2032)
       8.6.2   Transportation
           8.6.2.1   Historical Trend (2018-2023)
           8.6.2.2   Forecast Trend (2024-2032)
       8.6.3   Electrical and Electronics
           8.6.3.1   Historical Trend (2018-2023)
           8.6.3.2   Forecast Trend (2024-2032)
       8.6.4   Pipes and Tanks
           8.6.4.1   Historical Trend (2018-2023)
           8.6.4.2   Forecast Trend (2024-2032)
       8.6.5   Wind Energy
           8.6.5.1   Historical Trend (2018-2023)
           8.6.5.2   Forecast Trend (2024-2032)
       8.6.6   Marine
           8.6.6.1   Historical Trend (2018-2023)
           8.6.6.2   Forecast Trend (2024-2032)
       8.6.7   Aerospace and Defence
           8.6.7.1   Historical Trend (2018-2023)
           8.6.7.2   Forecast Trend (2024-2032)
       8.6.8   Others
   8.7   Global Composite Resin Market by Region
       8.7.1   North America
           8.7.1.1   Historical Trend (2018-2023)
           8.7.1.2   Forecast Trend (2024-2032)
       8.7.2   Europe
           8.7.2.1   Historical Trend (2018-2023)
           8.7.2.2   Forecast Trend (2024-2032)
       8.7.3   Asia Pacific
           8.7.3.1   Historical Trend (2018-2023)
           8.7.3.2   Forecast Trend (2024-2032)
       8.7.4   Latin America
           8.7.4.1   Historical Trend (2018-2023)
           8.7.4.2   Forecast Trend (2024-2032)
       8.7.5   Middle East and Africa
           8.7.5.1   Historical Trend (2018-2023)
           8.7.5.2   Forecast Trend (2024-2032)
9   North America Composite Resin Market Analysis
   9.1   United States of America
       9.1.1   Historical Trend (2018-2023)
       9.1.2   Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1   Historical Trend (2018-2023)
       9.2.2   Forecast Trend (2024-2032)
10   Europe Composite Resin Market Analysis
   10.1   United Kingdom
       10.1.1   Historical Trend (2018-2023)
       10.1.2   Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1   Historical Trend (2018-2023)
       10.2.2   Forecast Trend (2024-2032)
   10.3   France
       10.3.1   Historical Trend (2018-2023)
       10.3.2   Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1   Historical Trend (2018-2023)
       10.4.2   Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific Composite Resin Market Analysis
   11.1   China
       11.1.1   Historical Trend (2018-2023)
       11.1.2   Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1   Historical Trend (2018-2023)
       11.2.2   Forecast Trend (2024-2032)
   11.3   India
       11.3.1   Historical Trend (2018-2023)
       11.3.2   Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1   Historical Trend (2018-2023)
       11.4.2   Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1   Historical Trend (2018-2023)
       11.5.2   Forecast Trend (2024-2032)
   11.6   Others
12   Latin America Composite Resin Market Analysis
   12.1   Brazil
       12.1.1   Historical Trend (2018-2023)
       12.1.2   Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1   Historical Trend (2018-2023)
       12.2.2   Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1   Historical Trend (2018-2023)
       12.3.2   Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa Composite Resin Market Analysis
   13.1   Saudi Arabia
       13.1.1   Historical Trend (2018-2023)
       13.1.2   Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1   Historical Trend (2018-2023)
       13.2.2   Forecast Trend (2024-2032)
   13.3   Nigeria
       13.3.1   Historical Trend (2018-2023)
       13.3.2   Forecast Trend (2024-2032)
   13.4   South Africa
       13.4.1   Historical Trend (2018-2023)
       13.4.2   Forecast Trend (2024-2032)
   13.5   Others
14   Market Dynamics
   14.1   SWOT Analysis
       14.1.1   Strengths
       14.1.2   Weaknesses
       14.1.3   Opportunities
       14.1.4   Threats
   14.2   Porter’s Five Forces Analysis
       14.2.1   Supplier’s Power
       14.2.2   Buyer’s Power
       14.2.3   Threat of New Entrants
       14.2.4   Degree of Rivalry
       14.2.5   Threat of Substitutes
   14.3   Key Indicators for Demand
   14.4   Key Indicators for Price
15   Competitive Landscape
   15.1   Market Structure
   15.2   Company Profiles
       15.2.1   Huntsman International LLC
           15.2.1.1   Company Overview
           15.2.1.2   Product Portfolio
           15.2.1.3   Demographic Reach and Achievements
           15.2.1.4   Certifications
       15.2.2   Scott Bader Company Ltd
           15.2.2.1   Company Overview
           15.2.2.2   Product Portfolio
           15.2.2.3   Demographic Reach and Achievements
           15.2.2.4   Certifications
       15.2.3   BASF SE
           15.2.3.1   Company Overview
           15.2.3.2   Product Portfolio
           15.2.3.3   Demographic Reach and Achievements
           15.2.3.4   Certifications
       15.2.4   Polynt S.p.A.
           15.2.4.1   Company Overview
           15.2.4.2   Product Portfolio
           15.2.4.3   Demographic Reach and Achievements
           15.2.4.4   Certifications
       15.2.5   Saudi Basic Industries Corporation
           15.2.5.1   Company Overview
           15.2.5.2   Product Portfolio
           15.2.5.3   Demographic Reach and Achievements
           15.2.5.4   Certifications
       15.2.6   Arkema S.A
           15.2.6.1   Company Overview
           15.2.6.2   Product Portfolio
           15.2.6.3   Demographic Reach and Achievements
           15.2.6.4   Certifications
       15.2.7   Evonik Industries AG
           15.2.7.1   Company Overview
           15.2.7.2   Product Portfolio
           15.2.7.3   Demographic Reach and Achievements
           15.2.7.4   Certifications
       15.2.8   Allnex Group
           15.2.8.1   Company Overview
           15.2.8.2   Product Portfolio
           15.2.8.3   Demographic Reach and Achievements
           15.2.8.4   Certifications
       15.2.9   Showa America, Inc.
           15.2.9.1   Company Overview
           15.2.9.2   Product Portfolio
           15.2.9.3   Demographic Reach and Achievements
           15.2.9.4   Certifications
       15.2.10   Others
16   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Composite Resin Market: Key Industry Highlights, 2018 and 2032
2.   Global Composite Resin Historical Market: Breakup by Resin Type (USD Billion), 2018-2023
3.   Global Composite Resin Market Forecast: Breakup by Resin Type (USD Billion), 2024-2032
4.   Global Composite Resin Historical Market: Breakup by Manufacturing Process (USD Billion), 2018-2023
5.   Global Composite Resin Market Forecast: Breakup by Manufacturing Process (USD Billion), 2024-2032
6.   Global Composite Resin Historical Market: Breakup by Application (USD Billion), 2018-2023
7.   Global Composite Resin Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.   Global Composite Resin Historical Market: Breakup by Region (USD Billion), 2018-2023
9.   Global Composite Resin Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.   North America Composite Resin Historical Market: Breakup by Country (USD Billion), 2018-2023
11.   North America Composite Resin Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.   Europe Composite Resin Historical Market: Breakup by Country (USD Billion), 2018-2023
13.   Europe Composite Resin Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.   Asia Pacific Composite Resin Historical Market: Breakup by Country (USD Billion), 2018-2023
15.   Asia Pacific Composite Resin Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.   Latin America Composite Resin Historical Market: Breakup by Country (USD Billion), 2018-2023
17.   Latin America Composite Resin Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.   Middle East and Africa Composite Resin Historical Market: Breakup by Country (USD Billion), 2018-2023
19.   Middle East and Africa Composite Resin Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.   Global Composite Resin Market Structure

Key Questions Answered in the Report

What was the composite resin market value in 2023?

The market reached a value of nearly USD 24.36 billion in 2023.

What is the growth rate of the composite resin market?

The market is estimated to grow at a CAGR of 5.9% between 2024 and 2032.

What is the forecast outlook of the composite resin market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 40.80 billion by 2032.

What are the major market drivers?

The increasing demand for composite resin in the automotive sector, the rising application of the product in urban development projects, and the increasing demand for composite resins to produce dental implants are the major drivers of the market.

What are the key trends of the market?

The key trends in the market include the growing research and development activities by the leading automotive manufacturers to produce lightweight and strong cars and the increasing automation in injection moulding processes.

What are the different resin types considered in the market report?

Thermoset composite resin and thermoplastic composite resin are the different resin types in the market.

What are the major manufacturing processes of composite resin?

Layup, filament winding, injection moulding, pultrusion, compression moulding, and resin transfer moulding, among others, are the major manufacturing processes of composite resin.

Who are the key market players, according to the composite resin market report?

Huntsman International LLC, Scott Bader Company Ltd, BASF SE, Polynt S.p.A., Saudi Basic Industries Corporation, Arkema S.A, Evonik Industries AG, Allnex Group, and Showa America, Inc., among others, are the key players.

Request Sample

Purchase Full Report

Mini Report

$ ~~2199~~ $1999

Selected Sections, One User
Printing Not Allowed
Email Delivery in PDF
~~Free Limited Customisation~~
~~Post Sales Analyst Support~~
~~50% Discount on Next Update~~

Buy Now

Single User License

$ ~~3299~~ $2999

All Sections, One User
One Print Allowed
Email Delivery in PDF
~~Free Limited Customisation~~
~~Post Sales Analyst Support~~
~~50% Discount on Next Update~~

Buy Now

Five User License

$ ~~4399~~ $3999

All Sections, Five Users
Five Prints Allowed
Email Delivery in PDF
Free Limited Customisation
Post Sales Analyst Support
~~50% Discount on Next Update~~

Buy Now

Corporate License

$ ~~5499~~ $4999

All Sections, Unlimited Users
Unlimited Prints Allowed
Email Delivery in PDF + Excel
Free Limited Customisation
Post Sales Analyst Support
50% Discount on Next Update

Buy Now

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation

Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER