Composite resin is a low-molecular-weight organic compound, which is normally used as organic matrix in the production of composite material. Composite resin is split between thermosets (mainly liquid resin) and thermoplastics (solid resin).
Composite resin formulations vary depending on the process used to fabricate the part and the requirements of its end-use application.
The composite resin industry is fragmented. The global composite resin industry's top seven producers are estimated to account for 49.07% of industry production in 2015 with facilities located around the world. Although the industry is not concentratedThese companies tend to dominate the markets in many countries by establishing production bases, meaning that they often directly control the packing and distribution of their product. The biggest global composite resin companies in the world are the Hexion, Huntsman Corporation, Polynt, Olin, Royal DSM, Reichhold and BASF etc.
It is clear that a processor has three broad options for selling the final product including automotive, aerospace, windmills and building & construction etc. industries. Automotive and Windmills involve products sold at higher wholesale volumes.
We tend to believe this industry now is mature, and the consumption increasing degree will show a slowly rising curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies. Besides, prices gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin.
According to this study, over the next five years the Composite Resin market will register a 4.6% CAGR in terms of revenue, the global market size will reach US$ 23700 million by 2024, from US$ 18100 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Composite Resin business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Composite Resin market by product type, application, key manufacturers and key regions and countries.
This study considers the Composite Resin value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Epoxy Resin
Unsaturated Polyester Resin
Phenolic Resin
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Automotive
Windmills
Building & Construction
Aerospace
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Hexion
Huntsman Corporation
Polynt
Olin
Royal DSM
Reichhold
BASF
Ashland
Mitsubishi Chemical
Sumitomo Bakelite
Kukdo Chemical
Hanwha Chemical
Sicomin
Gurit
Alpha Owens–Corning (AOC)
SABIC
Scott Bader Company
Swancor
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Composite Resin consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Composite Resin market by identifying its various subsegments.
Focuses on the key global Composite Resin manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Composite Resin with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Composite Resin submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Composite Resin . Industry analysis & Market Report on Composite Resin is a syndicated market report, published as Global Composite Resin Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Composite Resin market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.