Market Overview:
The global thermosetting composites 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 thermosetting composites from transportation, aerospace & defense, electricals & electronics, and consumer goods applications. Asia Pacific is expected to be the fastest-growing region during the forecast period.
Product Definition:
Thermosetting composites are a type of composite material that cures, or sets, irreversibly after exposure to heat. This makes them stronger and less susceptible to damage than traditional plastics. Thermosetting composites are commonly used in the aerospace, automotive, and construction industries.
SFRT:
Superior Fiber Reinforced Thermosetting (SFRT) is a new term in the industry and refers to a class of materials that are reinforced with carbon fibers. These composites offer superior properties such as low density, high tensile strength, low thermal expansion, high chemical resistance along with electrical conductivity. SFRT products have applications in aerospace & defense and automotive industries owing to their excellent mechanical properties and lightweight characteristics.
LFRT:
LFRT stands for Liquid Filled Resin Transfer Molding and it is used to mold composite parts in three-dimensional shapes. LFRT process is widely used by the automotive industry, electrical & electronics industry, aerospace & defense sector and many other industries. This technology has gained popularity due to its ability to produce complex molds with high accuracy and surface finish.
Application Insights:
The transportation application segment led the global thermosetting composites 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 from developing countries such as China and India. In addition, technological advancements in vehicle manufacturing are expected to drive demand further.
Aerospace & defense application accounted for 20% of the overall revenue share in 2017 owing to rising use of composites in aircraft components including landing gear doors, leading and trailing edge panels on wings, fuselage and vertical stabilizers along with other structural parts.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing demand for thermosetting composites from various end-use industries such as aerospace & defense, transportation and electricals & electronics. In addition, rising R&D activities by key industry players are likely to drive the regional market further.
Asia Pacific is anticipated to witness substantial growth over the coming years owing to rapid industrialization and urbanization in emerging economies such as China and India. These countries have been experiencing strong economic growth which has led them into adopting advanced technologies faster than most other developing nations across the globe; this factor has played an important role in driving demand for thermosetting composites from Asia Pacific region since 2016.
Growth Factors:
- Increasing demand from the aerospace and defense sectors
- Growing demand for lightweight and high-performance materials in automotive applications
- Rising popularity of thermoset composites in construction and infrastructure projects
- Proliferation of 3D printing technology for manufacturing customized thermoset composites parts
- Growing awareness about the benefits of thermoset composites among end-users
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermosetting Composites Market Research Report
By Type
SFRT, LFRT, GFRT
By Application
Transportation, Aerospace & Defense, Electricals & Electronics, Consumer Goods, Other
By Companies
Celanese Corporation, Du Pont, Royal DSM N.V., Royal Ten Cate N.V., SABIC, Teijin Limited, Lanxess AG, Cytec Industries Inc., BASF SE, Solvay S.A., Celanese Corporation
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
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Thermosetting Composites Market Report Segments:
The global Thermosetting Composites market is segmented on the basis of:
Types
SFRT, LFRT, GFRT
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
Transportation, Aerospace & Defense, Electricals & Electronics, Consumer Goods, 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:
- Celanese Corporation
- Du Pont
- Royal DSM N.V.
- Royal Ten Cate N.V.
- SABIC
- Teijin Limited
- Lanxess AG
- Cytec Industries Inc.
- BASF SE
- Solvay S.A.
- Celanese Corporation
Highlights of The Thermosetting Composites 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:
- SFRT
- LFRT
- GFRT
- By Application:
- Transportation
- Aerospace & Defense
- Electricals & Electronics
- Consumer Goods
- 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 Composites 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 composites are a type of composite material that is made up of two or more different types of materials that chemically react to form a permanent bond. This reaction can be caused by heat, light, or moisture. The resulting material is often very strong and difficult to break apart.
Some of the key players operating in the thermosetting composites market are Celanese Corporation, Du Pont, Royal DSM N.V., Royal Ten Cate N.V., SABIC, Teijin Limited, Lanxess AG, Cytec Industries Inc., BASF SE, Solvay S.A., Celanese Corporation.
The thermosetting composites market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermosetting Composites 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 Composites Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermosetting Composites 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 Composites 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 Composites Market Size & Forecast, 2020-2028
4.5.1 Thermosetting Composites Market Size and Y-o-Y Growth
4.5.2 Thermosetting Composites 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 SFRT
5.2.2 LFRT
5.2.3 GFRT
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 Transportation
6.2.2 Aerospace & Defense
6.2.3 Electricals & Electronics
6.2.4 Consumer Goods
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermosetting Composites 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 Composites 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 SFRT
9.6.2 LFRT
9.6.3 GFRT
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 Transportation
9.10.2 Aerospace & Defense
9.10.3 Electricals & Electronics
9.10.4 Consumer Goods
9.10.5 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 SFRT
10.6.2 LFRT
10.6.3 GFRT
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 Transportation
10.10.2 Aerospace & Defense
10.10.3 Electricals & Electronics
10.10.4 Consumer Goods
10.10.5 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 SFRT
11.6.2 LFRT
11.6.3 GFRT
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 Transportation
11.10.2 Aerospace & Defense
11.10.3 Electricals & Electronics
11.10.4 Consumer Goods
11.10.5 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 SFRT
12.6.2 LFRT
12.6.3 GFRT
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 Transportation
12.10.2 Aerospace & Defense
12.10.3 Electricals & Electronics
12.10.4 Consumer Goods
12.10.5 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 SFRT
13.6.2 LFRT
13.6.3 GFRT
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 Transportation
13.10.2 Aerospace & Defense
13.10.3 Electricals & Electronics
13.10.4 Consumer Goods
13.10.5 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 Composites Market: Competitive Dashboard
14.2 Global Thermosetting Composites Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Celanese Corporation
14.3.2 Du Pont
14.3.3 Royal DSM N.V.
14.3.4 Royal Ten Cate N.V.
14.3.5 SABIC
14.3.6 Teijin Limited
14.3.7 Lanxess AG
14.3.8 Cytec Industries Inc.
14.3.9 BASF SE
14.3.10 Solvay S.A.
14.3.11 Celanese Corporation
