Market Overview:
The global thermosetting composite fiber market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight and high-performance materials in various applications such as automotive, aerospace, electricity, medical, and building. In terms of type, the glass fiber segment is expected to lead the market during the forecast period owing to its properties such as high strength-to-weight ratio and corrosion resistance. In terms of application, the automotive segment is projected to grow at a higher CAGR than other applications during the forecast period.
Product Definition:
Thermosetting Composite Fiber is a type of fiber that is used to create thermoset composites. These composites are important because they are strong and lightweight, making them ideal for use in a variety of applications.
Glass Fiber:
Glass fiber, also known as fiberglass or glass wool, is a type of lightweight, strong, and versatile fiber. It has high tensile strength and durability which makes it suitable for various industrial applications. Glass fibers are available in two forms: wet form (known as “fiberglass”) and dry form (known as “microspheres”).
Carbon Fiber:
Carbon fiber is a material consisting of carbon atoms organized in crystals aligned parallel to the fiber. Carbon fibers are used in various industries including automotive, aerospace, and construction owing to their properties such as high tensile strength and lightweight. Thermosetting composite fibers consist of resins that cross-link through heat or thermoset matrix materials such as epoxy resin or polyester resin.
Application Insights:
The automotive application segment led the global thermosetting composite fiber market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for vehicles, especially in developing countries such as China and India. In addition, stringent regulations regarding reduction of pollution levels are expected to drive product demand from 2018 to 2030.
Automotive was followed by electricity as the second-largest segment owing to growing concerns about rising fuel costs along with environmental issues related with carbon emissions from automobiles globally.
Regional Analysis:
The industry in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing demand for thermoplastic composite fibers from various end-use industries such as automotive, aerospace, and building & construction. In addition, rising product demand for use in composites along with growing investments by key players are also expected to drive regional market growth over the next eight years.
In terms of revenue, Europe was estimated as the second largest region in 2017 and is anticipated to retain its position through 2030 owing primarily glass fiber based products which have high penetration across several end-use industries including automotive and building & construction.
Growth Factors:
- Increasing demand for lightweight and durable materials in automotive and aerospace industries
- Growing popularity of thermoset composites in wind energy sector
- Rising demand for advanced composite materials in construction industry
- Proliferation of new applications for thermoset composites across a wide range of end-use industries
- Technological advancements that are making these composites more efficient, stronger, and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermosetting Composite Fiber Market Research Report
By Type
Glass Fiber, Carbon Fiber, Other
By Application
Automobile, Aerospace, Electricity, Medical, Building, Other
By Companies
Toray, Covestro, Solvay, Avient, Hanwha, Vistex Composites, Accurate Plastics, Norplex-Micarta, Kingfa, Gon Science & Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Thermosetting Composite Fiber Market Report Segments:
The global Thermosetting Composite Fiber market is segmented on the basis of:
Types
Glass Fiber, Carbon Fiber, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automobile, Aerospace, Electricity, Medical, Building, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Toray
- Covestro
- Solvay
- Avient
- Hanwha
- Vistex Composites
- Accurate Plastics
- Norplex-Micarta
- Kingfa
- Gon Science & Technology
Highlights of The Thermosetting Composite Fiber Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Glass Fiber
- Carbon Fiber
- Other
- By Application:
- Automobile
- Aerospace
- Electricity
- Medical
- Building
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thermosetting Composite Fiber Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Thermosetting composite fiber is a type of fiber that is made from two or more types of thermoplastic resin. The resin is mixed together and then heated until it hardens. This creates a strong, durable fiber that can be used in a variety of applications.
Some of the key players operating in the thermosetting composite fiber market are Toray, Covestro, Solvay, Avient, Hanwha, Vistex Composites, Accurate Plastics, Norplex-Micarta, Kingfa, Gon Science & Technology.
The thermosetting composite fiber market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermosetting Composite Fiber Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Thermosetting Composite Fiber Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermosetting Composite Fiber Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Thermosetting Composite Fiber Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Thermosetting Composite Fiber Market Size & Forecast, 2020-2028
4.5.1 Thermosetting Composite Fiber Market Size and Y-o-Y Growth
4.5.2 Thermosetting Composite Fiber Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Glass Fiber
5.2.2 Carbon Fiber
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automobile
6.2.2 Aerospace
6.2.3 Electricity
6.2.4 Medical
6.2.5 Building
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermosetting Composite Fiber Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thermosetting Composite Fiber Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Glass Fiber
9.6.2 Carbon Fiber
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automobile
9.10.2 Aerospace
9.10.3 Electricity
9.10.4 Medical
9.10.5 Building
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Glass Fiber
10.6.2 Carbon Fiber
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automobile
10.10.2 Aerospace
10.10.3 Electricity
10.10.4 Medical
10.10.5 Building
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Glass Fiber
11.6.2 Carbon Fiber
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automobile
11.10.2 Aerospace
11.10.3 Electricity
11.10.4 Medical
11.10.5 Building
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Glass Fiber
12.6.2 Carbon Fiber
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automobile
12.10.2 Aerospace
12.10.3 Electricity
12.10.4 Medical
12.10.5 Building
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Glass Fiber
13.6.2 Carbon Fiber
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automobile
13.10.2 Aerospace
13.10.3 Electricity
13.10.4 Medical
13.10.5 Building
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Thermosetting Composite Fiber Market: Competitive Dashboard
14.2 Global Thermosetting Composite Fiber Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Toray
14.3.2 Covestro
14.3.3 Solvay
14.3.4 Avient
14.3.5 Hanwha
14.3.6 Vistex Composites
14.3.7 Accurate Plastics
14.3.8 Norplex-Micarta
14.3.9 Kingfa
14.3.10 Gon Science & Technology
