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The global composite resin market reached a value of USD 25.80 Billion in 2025 and is projected to expand at a CAGR of around 5.90% during the forecast period of 2026-2035. The USD 12.5 billion Olin and Huntsman merger, recyclable blade resins moving into commercial offshore wind projects, and a fresh round of European price increases on unsaturated polyester and vinyl ester grades are accelerating the global composite resin market growth. The market is expected to reach USD 45.77 Billion by 2035.
Compound Annual Growth Rate
5.9%
Value in USD Billion
2026-2035
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Two forces are pulling this market at once. Consolidation is reshaping the supply side, with the largest chemicals merger in years now underway. On the demand side, wind energy has become the proving ground for recyclable chemistry, because a blade that cannot be recycled is fast becoming a blade that cannot be sold.
Olin and Huntsman agreed an all-stock merger of equals worth USD 12.5 billion in June 2026. The combination unites two suppliers well known to the composites industry under a single North American chemicals company, to be called OlinHuntsman.
RWE confirmed in April 2026 that its 1.1 gigawatt Thor offshore wind farm off the Danish coast will run 40 turbines on recyclable blades, 120 blades in total. The chemistry lets glass fibre be separated from the resin at end of life.
Composite resin producers raised European prices by EUR 100 per tonne on unsaturated polyester and vinyl ester products, effective 1 March 2026. Feedstock and energy costs have stayed stubbornly high, and producers have passed the pressure down the chain.
Partners in the EU-funded EOLIAN project reported the first successful infusion of a basalt fibre laminate using a 60% bio-based vitrimer in February 2026. Vitrimers are thermosets that can be reprocessed and repaired, which is unusual and commercially interesting.
Thermoset composite resin is the dominant global composite resin type. Epoxy, unsaturated polyester and vinyl ester carry almost every structural load-bearing part, from wind blades to pressure vessels, because cross-linked networks deliver stiffness and chemical resistance that thermoplastics struggle to match. Thermoplastic composite resin grows faster on recyclability and shorter cycle times.
Layup is the dominant global composite resin manufacturing process, since very large parts such as boat hulls, tanks and wind blades are difficult to produce any other way at a sensible cost. Resin transfer moulding and pultrusion grow faster. Injection moulding, filament winding and compression moulding serve higher volume, smaller part work.
Construction and infrastructure is the dominant global composite resin application. Rebar, panels, gratings and repair systems consume enormous resin volume, and corrosion resistance is what wins the specification. Wind energy is the fastest-growing application. Transportation, pipes and tanks, electrical and electronics, marine, and aerospace and defence make up the balance.
Asia Pacific is the dominant global composite resin region. China and India account for the bulk of the world’s construction, pipe and tank, and wind blade manufacturing, and resin capacity has followed that demand. The region also hosts a deep local producer base alongside the global majors.
North America is a significant global composite resin region, and the USD 12.5 billion Olin and Huntsman merger in June 2026 will concentrate a large share of regional supply in one company. Europe is significant through recyclability requirements, which have made the region the testing ground for cleavable epoxy and vitrimer chemistry.
The ‘Global Composite Resin Market Report and Forecast 2026-2035’ by Expert Market Research offers analysis across the following segments:
Market Breakup by Resin Type
Key Insight: Thermoset dominates on structural performance, while thermoplastic grows fastest on recyclability and shorter moulding cycle times.
Market Breakup by Manufacturing Process
Key Insight: Layup dominates on large part economics, while resin transfer moulding grows fastest as producers chase repeatability and lower emissions.
Market Breakup by Application
Key Insight: Construction and infrastructure dominates on volume, while wind energy is the fastest growing application as blade output and recyclability rules climb.
Market Breakup by Region
Key Insight: Asia Pacific dominates and grows fastest, with North America and Europe the largest secondary markets for high performance grades.
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By Resin Type, thermoset dominates because cross-linked networks carry the structural load
Thermoset composite resin holds the largest global composite resin market share by resin type. Epoxy, unsaturated polyester and vinyl ester underpin almost every load-bearing composite part, from wind blades to chemical storage tanks, and nothing else matches their stiffness and chemical resistance at the price. Thermoplastic composite resin is the faster grower, winning on recyclability, repairability and much shorter moulding cycles.
By Manufacturing Process, layup accounts for the dominant share on large part economics
Layup takes the dominant global composite resin market share by manufacturing process. A 100 metre wind blade or a large boat hull is difficult to produce any other way at a sensible cost, so the process persists despite being labour intensive. Resin transfer moulding is the fastest grower, since closed moulding gives better repeatability and lower emissions. Filament winding, pultrusion, injection moulding and compression moulding serve their own niches.
By Application, construction and infrastructure holds the dominant share on sheer resin volume
Construction and infrastructure commands the dominant global composite resin market share by application. Rebar, panels, gratings, pipes and repair systems consume enormous volume, and corrosion resistance is usually what wins the specification against steel. Wind energy is the fastest-growing application. Transportation, pipes and tanks, electrical and electronics, marine, and aerospace and defence account for the remainder.
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Asia Pacific is the dominant global composite resin market region
Industrial scale explains it. China and India between them account for the bulk of the world’s construction activity, pipe and tank fabrication and wind blade manufacturing, and resin capacity has been built out to follow that demand rather than lead it. The region also carries a deep bench of local producers competing alongside the global majors, which keeps commodity grade pricing tight.
North America is a significant secondary region, and it is consolidating fast. The USD 12.5 billion Olin and Huntsman merger agreed in June 2026 will place a large share of regional supply inside a single company. Europe is significant on a different basis: recyclability requirements have turned it into the proving ground for chemically cleavable epoxy and bio-based vitrimer systems, with RWE’s Thor offshore wind farm running 120 recyclable blades. Latin America and the Middle East and Africa grow from a smaller base.
The global composite resin market splits between chemical majors selling epoxy and polyurethane chemistry at scale and composite specialists selling formulated systems, gelcoats and adhesives into specific industries. The specialists win on formulation depth, the majors on feedstock integration.
Consolidation is the live story. The Olin and Huntsman merger will create one of the largest North American chemicals companies, and recyclable resin chemistry is now a competitive requirement in wind rather than a differentiator.
Founded in 1970 and headquartered in The Woodlands, Texas, Huntsman is a global manufacturer of differentiated chemicals. Its Advanced Materials segment supplies epoxy resins, curing agents and toughening agents into aerospace, wind and industrial composites. In June 2026 it agreed an all-stock merger with Olin, valued at USD 12.5 billion.
Established in 1921 and headquartered in Wollaston, United Kingdom, Scott Bader is an employee-owned manufacturer of advanced composites, structural adhesives and functional polymers. It supplies Crystic gelcoats and resins into marine, construction and transportation composites, and operates manufacturing sites across Europe, North America, the Middle East and Asia.
Founded in 1865 and headquartered in Ludwigshafen, Germany, BASF is one of the largest chemical producers in the world. It supplies polyurethane, epoxy and specialty resin systems used in composite manufacturing, and its scale in upstream feedstocks gives it a cost position that pure formulators find difficult to match.
Headquartered in Scanzorosciate, Italy, Polynt is a major producer of unsaturated polyester and vinyl ester resins, gelcoats and composite compounds. Operating as part of the Polynt Reichhold group, it is one of the largest suppliers of thermoset composite chemistry across Europe and North America, serving marine, construction and transportation customers.
Other key players include Saudi Basic Industries Corporation, Arkema S.A, Evonik Industries AG, Allnex Group, and Showa America, Inc., among others.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Our full report on the global composite resin market covers 2026 to 2035 in complete detail. It delivers segment level data, regional forecasts and competitive intelligence, with a clear read on how consolidation and recyclable chemistry are reshaping supply. Use it to decide where to invest, which chemistry to back, or how to time a market entry. Download your free sample now and see what the numbers reveal about composite resin growth.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
The market reached a value of nearly USD 25.80 Billion in 2025.
The market is estimated to grow at a CAGR of 5.90% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach a value of around USD 45.77 Billion by 2035.
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.
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.
Thermoset composite resin and thermoplastic composite resin are the different resin types in the market.
Layup, filament winding, injection moulding, pultrusion, compression moulding, and resin transfer moulding, among others, are the major manufacturing processes of composite resin.
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.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Resin Type |
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| Breakup by Manufacturing Process |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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