Thermoset Composites Market by Manufacturing Process (Lay-Up, Filament Winding, Injection Molding, Pultrusion), Fiber Type (Glass, Carbon), Resin Type (Polyester, Epoxy, Vinyl Ester), End-Use Industry, and Region - Global Forecast to 2021
Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered in the Report
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.3.1 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Thermoset Composites Market Size By 2021, By Value
4.2 Thermoset Composites Market–By Fiber Type
4.3 Thermoset Composites Market By Key End-Use Industry and Region
4.4 Thermoset Composites Market, By Country
4.5 Thermoset Composites Market, By Resin Type
4.6 Application Industry Growth Matrix
5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 Fiber Type
5.2.2 End-Use Industry
5.2.3 Resin Type
5.2.4 Manufacturing Process
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increase in the Use of Thermoset Composites for Manufacturing of Structural Composite Parts Used in Aircraft
5.3.1.2 Increasing Demand for Lightweight Materials From the Transportation Industry
5.3.1.3 Increasing Usage of Thermoset Composites in the Wind Energy Industry
5.3.2 Restraints
5.3.2.1 Issues Related to Recyclability and Remoldability
5.3.2.2 Issues Related to Testing of Thermoset Composites
5.3.3 Opportunities
5.3.3.1 Potential Opportunities in New Applications
5.3.3.2 Growing Demand From Emerging Markets
5.3.4 Challenges
5.3.4.1 High R&D Cost
5.3.4.2 to Reduce the Cycle Time of Thermoset Composites Part Manufacturing
5.4 Porter’s Five Forces Analysis
5.4.1 Threat of New Entrants
5.4.2 Threat of Substitutes
5.4.3 Bargaining Power of Suppliers
5.4.4 Bargaining Power of Buyers
5.4.5 Intensity of Competitive Rivalry
6 Macro Economic Overview and Key Trends
6.1 Introduction
6.2 Trends and Forecast of GDP
6.3 Per Capita GDP vs Per Capita Thermoset Composites Demand
6.4 Trends of the Aerospace Industry
6.5 Trends of the Automotive Industry
6.6 Trends of the Construction Industry
6.7 Trends of the Wind Energy Industry
7 Thermoset Composites Market, By Fiber Type
7.1 Introduction
7.2 Glass Fiber Thermoset Composite
7.3 Carbon Fiber Thermoset Composite
7.4 Other Fiber Composites
8 Thermoset Composites Market, By Resin Type
8.1 Introduction
8.2 Polyester Resin
8.3 Vinyl Ester Resin
8.4 Epoxy Resin
8.5 Phenolic Resin
8.6 Polyurethane Resin
8.7 Other Thermoset Resins
9 Thermoset Composites Market, By Manufacturing Process
9.1 Introduction
9.1.1 Lay-Up Process
9.1.2 Tape Lay-Up
9.1.3 Hand Lay-Up
9.1.4 Spray Lay-Up
9.2 Filament Winding Process
9.3 Infusion Process
9.4 Compression Molding Process
9.5 Injection Molding Process
9.6 Pultrusion Process
9.7 Other Processes
10 Thermoset Composites Market, By End-Use Industry
10.1 Introduction
10.2 Aerospace & Defense
10.3 Wind Energy
10.4 Transportation
10.5 Sporting Goods
10.6 Marine
10.7 Construction & Infrastructure
10.8 Pipe & Tank
10.9 Electrical & Electronics
10.10 Other End-Use Industries
11 Thermoset Composites Market, By Region
11.1 Introduction
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.3 Europe
11.3.1 Germany
11.3.2 France
11.3.3 Italy
11.3.4 U.K.
11.3.5 Spain
11.3.6 Turkey
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 Taiwan
11.4.5 South Korea
11.4.6 Rest of Asia-Pacific
11.5 Middle East & Africa
11.5.1 UAE
11.5.2 Egypt
11.5.3 Saudi Arabia
11.5.4 Rest of Middle East & Africa
11.6 Latin America
11.6.1 Brazil
11.6.2 Mexico
11.6.3 Rest of Latin America
12 Competitive Landscape
12.1 Overview
12.2 Expansions: the Most Popular Growth Strategy
12.3 Maximum Developments in 2014 and 2016
12.4 Market Share Analysis of Key Players
12.4.1 Owens Corning
12.4.2 Toray Industries Inc.
12.4.3 Teijin Ltd.
12.4.4 Jushi Group Co. Ltd
12.5 Recent Developments
12.5.1 Expansions
12.5.2 Agreements, Partnerships & Joint Ventures
12.5.3 New Product Launches
12.5.4 Mergers & Acquisitions
13 Company Profiles
(Overview, Financial*, Products & Services, Strategy, and Developments)
13.1 Owens Corning
13.2 Toray Industries Inc.
13.3 Jushi Group Co., Ltd
13.4 Teijin Limited
13.5 Chongqing Polycomp International Corporation
13.6 SGL Group
13.7 PPG Industries Inc.
13.8 Huntsman Corporation
13.9 Hexcel Corporation
13.10 Mitsubishi Rayon Co., Ltd.
13.11 Other Companies
13.11.1 Cytec Industries Inc.
13.11.2 Kemrock Industries and Exports Limited
13.11.3 Taekwang Industries Co Ltd.
13.11.4 Carbon Mods
13.11.5 Hexion Inc.
13.11.6 Johns Manville Corporation
13.11.7 AGY Holdings Corp.
*Details Might Not Be Captured in Case of Unlisted Companies.
14 Appendix
14.1 Insights From Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: Marketsandmarkets Subscription Portal
14.4 Introducing RT: Real-Time Market Intelligence
14.5 Available Customizations
14.6 Related Reports
14.7 Author Details
List of Tables
Table 1 Thermoset Composites Market Size (Volume and Value), 2014–2021
Table 2 Trends and Forecast of GDP, USD Billion (2015–2021)
Table 3 Per Capita GDP vs Per Capita Thermoset Composites Demand, 2015
Table 4 Number of New Airplane Deliveries, By Region
Table 5 Automotive Production, Million Units (2011–2015)
Table 6 Contribution of Construction Industry to GDP, By Country, USD Billion (2014-2021)
Table 7 Wind Energy Installation, MW (2011–2015)
Table 8 Thermoset Composites Market Size, By Fiber Type, 2014-2021 (USD Million)
Table 9 Thermoset Composites Market Size, Byfiber Type, 2014-2021 (Kiloton)
Table 10 Glass Fiber Thermoset Composites Market Size, By Region, 2014-2021 (USD Million)
Table 11 Glass Fiber Thermoset Composites Market Size, By Region, 2014-2021 (Kiloton)
Table 12 Carbon Fiber Thermoset Composites Market Size, By Region, 2014-2021 (USD Million)
Table 13 Carbon Fiber Thermoset Composites Market Size, By Region, 2014-2021 (Kiloton)
Table 14 Other Fibers Composites Market Size, By Region, 2014–2021 (USD Million)
Table 15 Other Fibers Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 16 Thermoset Composites Market Size, By Resin Type, 2014–2021 (USD Million)
Table 17 Thermoset Composites Market Size, By Resin Type, 2014–2021 (Kiloton)
Table 18 Polyester Resin-Based Thermoset Composites Market Size, By Region, 2014–2021 (USD Million)
Table 19 Polyester Resin-Based Thermoset Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 20 Vinyl Ester Resin-Based Thermoset Composites Market Size, By Region, 2014–2021 (USD Million)
Table 21 Vinyl Ester Resin-Based Thermoset Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 22 Epoxy Resin-Based Thermoset Composites Market Size, By Region, 2014–2021 (USD Million)
Table 23 Epoxy Resin-Based Thermoset Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 24 Phenolic Resin-Based Thermoset Composites Market Size, By Region, 2014–2021 (USD Million)
Table 25 Phenolic Resin-Based Thermoset Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 26 Polyurethane Resin-Based Thermoset Composites Market Size, By Region, 2014–2021 (USD Million)
Table 27 Polyurethane Resin-Based Thermoset Composites Market Size, 2014–2021 (Kiloton)
Table 28 Other Resin-Based Thermoset Composites Market Size, By Region, 2014–2021 (USD Million)
Table 29 Other Resin-Based Thermoset Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 30 Thermoset Composites Market Size, By Manufacturing Process, 2014–2021 (USD Million)
Table 31 Thermoset Composites Market Size, By Manufacturing Process, 2014–2021 (Kiloton)
Table 32 Lay-Up Manufacturing Process in Thermoset Composites Market, By Region, 2014–2021 (USD Million)
Table 33 Lay-Up Manufacturing Process in Thermoset Composites Market, By Region, 2014–2021 (Kiloton)
Table 34 Filament Winding Process in Thermoset Composites Market, By Region, 2014–2021 (USD Million)
Table 35 Filament Winding Process in Thermoset Composites Market, By Region, 2014–2021 (Kiloton)
Table 36 Infusion Process in Thermoset Composites Market, By Region, 2014–2021 (USD Million)
Table 37 Infusion Process in Thermoset Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 38 Compression Molding Process in Thermoset Composites Market, By Region, 2014–2021 (USD Million)
Table 39 Compression Molding Process in Thermoset Composites Market, By Region, 2014–2021 (Kiloton)
Table 40 Injection Molding Process in Thermoset Composites Market, By Region, 2014–2021 (USD Million)
Table 41 Injection Molding Process in Thermoset Composites Market, By Region, 2014–2021 (Kiloton)
Table 42 Pultrusion Process in Thermoset Composites Market, By Region, 2014–2021 (USD Million)
Table 43 Pultrusion Process in Thermoset Composites Market, By Region, 2014–2021 (Kiloton)
Table 44 Other Processes in Thermoset Composites Market, By Region, 2014–2021 (USD Million)
Table 45 Other Processes in Thermoset Composites Market, By Region, 2014–2021 (Kiloton)
Table 46 Thermoset Composites Market Size, By End-Use Industry, 2014-2021 (USD Million)
Table 47 Thermoset Composites Market Size, By End-Use Industry, 2014-2021 (Kiloton)
Table 48 Demand for Airplanes, By Region, 2015 to 2034
Table 49 Thermoset Composites Market Size in Aerospace & Defense End-Use Industry, By Region, 2014-2021 (USD Million)
Table 50 Thermoset Composites Market Size in Aerospace & Defense End-Use Industry, By Region, 2014-2021 (Kiloton)
Table 51 Germany: Annual Wind Energy Installations, 2012–2015 (MW)
Table 52 France: Annual Wind Energy Installations, 2012–2015 (MW)
Table 53 U.K.: Annual Wind Energy Installations, 2012–2015 (MW)
Table 54 Asia-Pacific: Annual Wind Energy Installations, 2014–2015 (MW)
Table 55 Thermoset Composites Market Size in Wind Energy End-Use Industry, By Region, 2014–2021 (USD Million)
Table 56 Thermoset Composites Market Size in Wind Energy End-Use Industry, By Region, 2014–2021 (Kiloton)
Table 57 Thermoset Composites Market Size in Transportation End-Use Industry, By Region, 2014-2021 (USD Million)
Table 58 Thermoset Composites Market Size in Transportation End-Use Industry, By Region, 2014-2021 (Kiloton)
Table 59 Thermoset Composites Market Size in Sporting Goods End-Use Industry, By Region, 2014-2021 (USD Million)
Table 60 Thermoset Composites Market Size in Sporting Goods End-Use Industry, By Region, 2014-2021 (Kiloton)
Table 61 Thermoset Composites Market Size in Marine End-Use Industry, By Region, 2014–2021 (USD Million)
Table 62 Thermoset Composites Market Size in Marine End-Use Industry, By Region, 2014–2021 (Kiloton)
Table 63 Thermoset Composites Market Size in Construction & Infrastructure End-Use Industry, By Region, 2014–2021 (USD Million)
Table 64 Thermoset Composites Market Size in Construction & Infrastructure End-Use Industry, By Region, 2014–2021 (Kiloton)
Table 65 Thermoset Composites Market Size in Pipe & Tank End-Use Industry, By Region, 2014–2021 (USD Million)
Table 66 Thermoset Composites Market Size in Pipe & Tank End-Use Industry, By Region, 2014–2021 (Kiloton)
Table 67 Thermoset Composites Market Size in Electrical & Electronics End-Use Industry, By Region, 2014-2021 (USD Million)
Table 68 Thermoset Composites Market in Electrical & Electronics End-Use Industry, By Region, 2014-2021 (Kiloton)
Table 69 Composites Market Size in Other Applications, By Region, 2014–2021 (USD Million)
Table 70 Thermoset Composites Market Size in Other End-Use Industries, By Region, 2014–2021 (Kiloton)
Table 71 Thermoset Composites Market Size, By Region, 2014–2021 (USD Million)
Table 72 Thermoset Composites Market Size, By Region, 2014–2021 (Kiloton)
Table 73 North America: Thermoset Composites Market Size, By Country, 2014–2021 (USD Million)
Table 74 North America: Thermoset Composites Market Size, By Country, 2014–2021 (Kiloton)
Table 75 Europe: Thermoset Composites Market Size, By Country, 2014–2021 (USD Million)
Table 76 Europe: Thermoset Composites Market Size, By Country, 2014–2021 (Kiloton)
Table 77 Asia-Pacific: Thermoset Composites Market Size, By Country, 2014–2021 (USD Million)
Table 78 Asia-Pacific: Thermoset Composites Market Size, By Country, 2014–2021 (Kiloton)
Table 79 Middle East & Africa: Thermoset Composites Market Size, By Country, 2014–2021 (USD Million)
Table 80 Middle East & Africa: Thermoset Composites Market Size, By Country, 2014–2021 (Kiloton)
Table 81 Latin America: Thermoset Composites Market Size, By Country, 2014–2021 (USD Million)
Table 82 Latin America: Thermoset Composites Market Size, By Country, 2014–2021 (Kiloton)
Table 83 Expansions, 2012–2016
Table 84 Agreements, Partnerships & Joint Ventures, 2012–2016
Table 85 New Product Launches, 2012–2016
Table 86 Mergers & Acquisitions, 2012–2016
List of Figures
Figure 1 Thermoset Composites: Market Segmentation
Figure 2 Thermoset Composites Market: Research Methodology
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Wind Energy Industry to Drive the Thermoset Composites Market During the Forecast Period
Figure 7 Polyester-Based Thermoset Composites to Capture the Largest Share During the Forecast Period
Figure 8 Lay-Up Process to Account for the Largest Share of the Thermoset Composites Market Throughout the Forecast Period
Figure 9 Glass Fiber Thermoset Composites to Hold the Largest Share of the Thermoset Composites Market During the Forecast Period
Figure 10 Asia-Pacific Dominated the Thermoset Composites Market, in Terms of Value in 2015
Figure 11 Attractive Market Opportunities in the Thermoset Composites Market, 2016–2021
Figure 12 Glass Fiber to Drive the Thermoset Composites Market Between 2016 and 2021
Figure 13 North America to Drive the Thermoset Composites Market Between 2016 and 2021
Figure 14 Germany to Grow at A Higher Rate in the Global Thermoset Composites Market, During the Forecasted Period
Figure 15 Epoxy Resin to Drive the Thermoset Composites Market Between 2016 and 2021
Figure 16 Wind Energy to Witness A Long-Term Impact on the Thermoset Composites Market
Figure 17 Drivers, Restraints, Opportunities, and Challenges in the Thermoset Composites Market
Figure 18 Porter’s Five Forces Analysis
Figure 19 Trends and Forecast of GDP, USD Billion (2016–2021)
Figure 20 Per Capita GDP vs Per Capita Thermoset Composites Demand
Figure 21 New Airplane Deliveries, By Region, 2015–2034
Figure 22 Automotive Production in Key Countries, Million Units (2011 vs 2015)
Figure 23 Construction Industry in Asia-Pacific to Contribute the Maximum to the GDP, USD Billion, 2016–2021
Figure 24 Wind Energy Installed Capacity, MW (2014–2015)
Figure 25 Carbon Fiber Thermoset Composites to Outpace Other Fiber Types During the Forecast Period, (2016-2021)
Figure 26 Asia-Pacific Dominates the Glass Fiber Thermoset Composites Market
Figure 27 North America to Capture the Largest Share of the Carbon Fiber Thermoset Composites Market
Figure 28 Asia-Pacific to Capture the Largest Share of the Other Fiber Thermoset Composites Market
Figure 29 Polyester-Based Thermoset Composites to Grow at A High Rate During the Forecast Period
Figure 30 Polyester Resin-Based Thermoset Composites Market to Grow at A High Rate in Asia-Pacific
Figure 31 Vinyl Ester-Based Thermoset Composites Market in Asia-Pacific to Grow at High Rate, During the Forecast Period
Figure 32 Europe Accounts for the Largest Share of the Thermoset Composites Market Based on Epoxy Resin
Figure 33 Asia-Pacific to Grow at A High Rate in the Phenolic Resin-Based Thermoset Composites Market
Figure 34 Polyurethane-Based Thermoset Composites Market to Grow at A High Rate in North America
Figure 35 North America Accounts for the Largest Share of the Thermoset Composites Market Based on Other Resins
Figure 36 Lay-Up Manufacturing Process to Dominate the Thermoset Composites Market in the Next Five Years
Figure 37 Thermoset Composites Market in Asia-Pacific to Grow at A Higher Rate in Lay-Up Manufacturing Process
Figure 38 Asia-Pacific to Be the Most Promising Market for Thermoset Composites, By Filament Winding Manufacturing Process
Figure 39 Asia-Pacific to Witness the Highest Growth Rate in Thermoset Composites Market By Infusion Process
Figure 40 Asia-Pacific to Account for the Largest Share of Thermoset Composites Market, By Compression Manufacturing
Figure 41 Asia- Pacific to Be the Most Promising Market for Injection Molding Process in Thermoset Composites Market
Figure 42 Pultrusion to Be the Most Promising Process in Asia-Pacific for Thermoset Composites
Figure 43 North America to Be the Fastest-Growing Region for Other Manufacturing Processes of the Thermoset Composites Market
Figure 44 Wind Energy Industry to Outpace Other End-Use Industries in Thermoset Composites Market
Figure 45 North America to Account for the Largest Share of the Thermoset Composites Market in Aerospace & Defense End-Use Industry
Figure 46 Asia-Pacific Thermoset Composites Market in Wind Energy End-Use Industry to Grow at A High Rate
Figure 47 Asia-Pacific to Drive the Thermoset Composites Market in Transportation End-Use Industry
Figure 48 Asia-Pacific to Drive the Thermoset Composites Market in Sporting Goods End-Use Industry
Figure 49 Asia-Pacific to Capture the Largest Share in the Thermoset Composites Market in Construction & Infrastructure End-Use Industry
Figure 50 Asia-Pacific to Account for the Largest Share of the Thermoset Composites Market in Pipe & Tank End-Use Industry
Figure 51 Asia-Pacific to Drive the Thermoset Composites Market in Electrical & Electronics End-Use Industry
Figure 52 North America to Drive the Thermoset Composites Market in Other End-Use Industries
Figure 53 Germany to Drive the Thermoset Composites Market By Value
Figure 54 U.S. is the Most Lucrative Market in North America
Figure 55 Germany is the Fastest-Growing Thermoset Composites Market in Europe
Figure 56 China is the Key Thermoset Composites Market in Asia-Pacific
Figure 57 UAE to Be the Fastest-Growing Country for Thermoset Composites Market in Middle East & Africa
Figure 58 Brazil to Be the Fastest-Growing Country for Thermoset Composites Market in Latin America
Figure 59 Companies Adopted Expansions as the Key Growth Strategy Between 2012 and 2016
Figure 60 Key Growth Strategies in the Thermoset Composites Market, 2012–2016
Figure 61 Developments in the Thermoset Composites Market, 2012–2016
Figure 62 Owens Corning.: the Largest Company in the Thermoset Composites Market
Figure 63 Owens Corning: Company Snapshot
Figure 64 Toray Industries Inc.: Company Snapshot
Figure 65 Teijin Limited: Company Snapshot
Figure 66 SGL Group: Company Snapshot
Figure 67 PPG Industries: Company Snapshot
Figure 68 Huntsman Corporation: Company Snapshot
Figure 69 Hexcel Corporation: Company Snapshot
Figure 70 Mitsubishi Rayon Co., Ltd.: Company Snapshot
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