복합수지 시장 - 유형별, 강화 유형별, 제조 공정별, 예측(2023-2032년)

Composite Resin Market size is poised to record 5.7% CAGR from 2023-2032 driven by the advantages, such as unique combination of lightweight and strong characteristics. Composite resin materials are widely used in industries such as aerospace, automotive, construction, and renewable energy on account of their lightweight nature. They significantly contribute to fuel efficiency in vehicles and reduce the structural weight of buildings and infrastructure, leading to cost savings and improved sustainability.

The composite resin market is segmented on the basis of type, manufacturing process, reinforcement type, end-use, and region.

With respect to type, the polyurethane-based composite resin market is expected to depict 5.5% CAGR from 2023-2032, owing to increasing adoption across various industries due to their exceptional durability and resilience. On account of their lightweight properties, these resins contribute to fuel efficiency in transportation applications, such as the aerospace and automotive industries. Furthermore, the stricter environmental regulations in China and Europe has led to the higher demand for waterborne resins that don't contain organic solvents.

The constant efforts led by industry players to cater to the rising end-user demands will also propel the segment growth. To cite an instance, in June 2023, DIC Corporation introduced HYDRANTM GP, its new range of environmentally friendly waterborne polyurethane resins with greater solid content than standard water-based polyurethane resins and no amines, to offer lowered greenhouse gas emissions and volatile organic compounds.

Based on end-use, the composite resins market from the electrical and electronics segment is anticipated to exhibit 4.5% growth rate between 2023 and 2032. The increasing use of composite resins for various applications, such as PCBs, insulators, and encapsulation materials for electronic components is contributing to the segment growth. The rapid evolution of electronics, including 5G technology and the IoT is also likely to drive the demand for high-performance, miniaturized, and reliable components.

In terms of regional landscape, Asia Pacific composite resin market is set to record 5% growth rate through 2032. The rapid industrialization and urbanization has surged the demand for durable and lightweight materials across various industrial sectors. The presence of booming automotive industry in the region is further boosting the demand for composite resins.

Moreover, the ongoing R&D initiatives to address the issues of flammability caused by epoxy resins will support the regional market growth. For instance, in September 2022, the ARC Discovery Early Career Researcher Award program funded more than $421,000 to the University of Southern Queensland in Australia. The funding was aimed at the development of new type of imidazole/phosphorus oligomers for single-component epoxy resins to offer fire retardancy, improved storage stability and mechanical properties.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Market scope & definitions
• 1.2 Base estimations & working
• 1.3 Forecast calculation
  • 1.3.1 COVID-19 impact on forecast, by region
    • 1.3.1.1 North America
    • 1.3.1.2 Europe
    • 1.3.1.3 Asia Pacific
    • 1.3.1.4 Latin America
    • 1.3.1.5 Middle East & Africa
• 1.4 Data Sources
  • 1.4.1 Primary
  • 1.4.2 Secondary
    • 1.4.2.1 Paid Sources
    • 1.4.2.2 Public Sources

Chapter 2 Executive Summary

• 2.1 Composite resin industry 360 degree synopsis, 2018 - 2032
• 2.2 Business trends
• 2.3 Product trends
• 2.4 Application trends
• 2.5 End-use trends
• 2.6 Regional trends

Chapter 3 Composite Resin Industry Insights

• 3.1 Industry ecosystem analysis
  • 3.1.1 Distribution channel analysis trends
  • 3.1.2 Vendor matrix
  • 3.1.3 COVID-19 impact on value chain
• 3.2 Raw material outlook
• 3.3 Regulatory landscape
  • 3.3.1 North America
  • 3.3.2 Europe
  • 3.3.3 Asia Pacific
  • 3.3.4 Latin America
  • 3.3.5 Middle East & Africa
• 3.4 Technology landscape
• 3.5 Pricing analysis, by region
  • 3.5.1 North America
  • 3.5.2 Europe
  • 3.5.3 Asia Pacific
  • 3.5.4 Latin America
  • 3.5.5 Middle East & Africa
• 3.6 Cost structure Analysis
• 3.7 Industry impact forces
  • 3.7.1 Growth drivers
  • 3.7.2 Industry pitfalls and challenges
• 3.8 Innovation & sustainability
• 3.9 Growth potential analysis
• 3.10 Porter's analysis
  • 3.10.1 Supplier power
  • 3.10.2 Buyer's power
  • 3.10.3 Threat of new entrants
  • 3.10.4 Threat of substitutes
• 3.11 PESTEL analysis
• 3.12 Impact of COVID-19 on industry
• 3.13 Impact of Russia Ukraine war on the industry

Chapter 4 Competitive Landscape, 2022

• 4.1 Introduction
• 4.2 Global company market share, 2022
• 4.3 Company market share, by region, 2022
  • 4.3.1 North America
  • 4.3.2 Europe
  • 4.3.3 APAC
  • 4.3.4 LATAM
  • 4.3.5 MEA
• 4.4 Competitive analysis of market player
• 4.5 Competitive positioning matrix
• 4.6 Strategic outlook matrix

Chapter 5 Composite Resin Market Size and Forecast, By Type 2018 - 2032

• 5.1 Key trends, by type
• 5.2 Epoxy
• 5.3 Polyester
• 5.4 Vinyl ester
• 5.5 Polyurethane
• 5.6 Phenolic
• 5.7 Others

Chapter 6 Composite Resin Market Size and Forecast, By Reinforcement Type 2018 - 2032

• 6.1 Key trends, by reinforcement type
• 6.2 Glass fiber
• 6.3 Carbon fiber
• 6.4 Aramid fiber
• 6.5 Natural fiber
• 6.6 Others

Chapter 7 Composite Resin Market Size and Forecast, By Manufacturing Process (USD Billion)

• 7.1 Key trends, by manufacturing process
• 7.2 Hand lay-up
• 7.3 Spray-up
• 7.4 Filament winding
• 7.5 Resin Transfer Molding (RTM)
• 7.6 Pultrusion
• 7.7 Compression molding
• 7.8 Others

Chapter 8 Composite Resin Market Size and Forecast, By End Use 2018 - 2032

• 8.1 Key trends, by end use
• 8.2 Automotive
• 8.3 Aerospace & defense
• 8.4 Construction
• 8.5 Electrical & electronics
• 8.6 Marine
• 8.7 Sports & recreation
• 8.8 Wind energy
• 8.9 Others

Chapter 9 Composite Resin Market Size and Forecast, By Region 2018 - 2032

• 9.1 Key trends, by region
• 9.2 North America
  • 9.2.1 U.S.
  • 9.2.2 Canada
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 France
  • 9.3.4 Spain
  • 9.3.5 Italy
  • 9.3.6 Russia
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 South Korea
  • 9.4.6 Indonesia
  • 9.4.7 Malaysia
• 9.5 Latin America
  • 9.5.1 Brazil
  • 9.5.2 Mexico
• 9.6 MEA
  • 9.6.1 South Africa
  • 9.6.2 Saudi Arabia
  • 9.6.3 UAE

Chapter 10 Company Profiles

• 10.1 Hexcel Corporation
• 10.2 Owens Corning
• 10.3 Hexion Inc.
• 10.4 AOC LLC
• 10.5 Ashland Global Holdings Inc.
• 10.6 Solvay S.A.
• 10.7 Huntsman Corporation
• 10.8 BASF SE
• 10.9 Sika AG
• 10.10 Mitsubishi Chemical Corporation
• 10.11 Toray Industries, Inc.
• 10.12 SABIC (Saudi Basic Industries Corporation)
• 10.13 Reichhold LLC
• 10.14 DIC Corporation
• 10.15 Polynt-Reichhold Group