세계의 열경화성 복합재료 시장 : 수지 유형, 섬유 유형, 제조 공정, 최종 이용 산업별 예측(2025-2030년)

The Thermoset Composites Market was valued at USD 67.15 billion in 2023, expected to reach USD 71.75 billion in 2024, and is projected to grow at a CAGR of 6.89%, to USD 107.09 billion by 2030.

Thermoset composites are materials formed through the polymerization of a resin and hardener, resulting in a permanently rigid structure. They are extensively utilized across various industries due to their advantageous properties like high strength, heat resistance, and chemical stability. The necessity of thermoset composites arises from the increasing demand for lightweight yet durable materials in sectors such as automotive, aerospace, wind energy, construction, and electronics. In automotive and aerospace, they contribute to fuel efficiency through weight reduction, while in construction, they provide increased lifespan and resistance to environmental factors. The wind energy sector leverages these materials for the production of efficient blades due to the composites' outstanding strength-to-weight ratio.

The market growth for thermoset composites is driven by technological advancements leading to improved performance and the emphasis on sustainable and eco-friendly materials. Increasing global energy needs, particularly for renewable resources, further stimulate market demand. However, the market faces challenges such as the high cost of raw materials and a complex recycling process that limits the widespread adoption of thermoset composites. To tap into novel opportunities, companies need to focus on innovations in recycling technologies and explore bio-based thermoset composites that address environmental concerns.

Market players are recommended to invest in R&D to enhance material properties and develop cost-effective processing techniques. Collaborations with academic institutions and industry partnerships can yield breakthroughs in composite technologies and applications. Additionally, fostering the development of automated and expedited manufacturing processes can enhance production efficiency and minimize costs. Continuous exploration into new resin systems and less energy-intensive curing methods can further catalyze growth. Despite inherent challenges, the thermoset composites market presents significant opportunities, and strategic investments in innovation and sustainability could drive future market expansion and profitability.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Thermoset Composites Market

The Thermoset Composites Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

• Market Drivers
  • Increasing use of lightweight materials in automotive and aerospace industries
  • Government initiatives to promote renewable energy implementation
• Market Restraints
  • Fluctuation in the price of raw materials
• Market Opportunities
  • Emergence of sustainable fiber materials for thermoset composite
  • Development of additively-manufactured thermosetting composites
• Market Challenges
  • Manufacturing defects and quality of thermoset composites

Porter's Five Forces: A Strategic Tool for Navigating the Thermoset Composites Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Thermoset Composites Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Thermoset Composites Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Thermoset Composites Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Thermoset Composites Market

A detailed market share analysis in the Thermoset Composites Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Thermoset Composites Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Thermoset Composites Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Thermoset Composites Market

A strategic analysis of the Thermoset Composites Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Thermoset Composites Market, highlighting leading vendors and their innovative profiles. These include Accurate Plastics, Arkema SA, Atlas Fibre, Bermar Associates, Inc., C2 Composites, Covestro AG, Hexcel Corporation, Huntsman Corporation, Johns Manville, Lingol Corporation, Mar-Bal, Inc., Mitsubishi Chemical Corporation, Norplex-Micarta, Nouryon, Owens Corning, Redwood Plastics and Rubber, SGL Carbon SE, Solvay SA, Southwest Plastics Co., Teijin Ltd., The Gund Company, Toray Advanced Composites, Trident Plastics, Inc., and Woodland Plastics Corporation.

Market Segmentation & Coverage

This research report categorizes the Thermoset Composites Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Based on Resin Type, market is studied across Epoxy, Phenolic, Polyurethane, and Silicone.
• Based on Fiber Type, market is studied across Carbon Fiber and Glass Fiber.
• Based on Manufacturing Process, market is studied across Compression Molding, Filament Winding, Injection Molding, Lay-Up, Pultrusion, and Resin Infusion.
• Based on End-Use Industry, market is studied across Aerospace & Defense, Construction & Infrastructure, Electrical & Electronics, Marine, Pipe & Tank, Sporting Goods, Transportation, and Wind Energy.
• Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Segmentation & Coverage
• 1.3. Years Considered for the Study
• 1.4. Currency & Pricing
• 1.5. Language
• 1.6. Stakeholders

2. Research Methodology

• 2.1. Define: Research Objective
• 2.2. Determine: Research Design
• 2.3. Prepare: Research Instrument
• 2.4. Collect: Data Source
• 2.5. Analyze: Data Interpretation
• 2.6. Formulate: Data Verification
• 2.7. Publish: Research Report
• 2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

• 5.1. Market Dynamics
  • 5.1.1. Drivers
    • 5.1.1.1. Increasing use of lightweight materials in automotive and aerospace industries
    • 5.1.1.2. Government initiatives to promote renewable energy implementation
  • 5.1.2. Restraints
    • 5.1.2.1. Fluctuation in the price of raw materials
  • 5.1.3. Opportunities
    • 5.1.3.1. Emergence of sustainable fiber materials for thermoset composite
    • 5.1.3.2. Development of additively-manufactured thermosetting composites
  • 5.1.4. Challenges
    • 5.1.4.1. Manufacturing defects and quality of thermoset composites
• 5.2. Market Segmentation Analysis
  • 5.2.1. Manufacturing Process: Advanced compression molding and pultrusion methods to ease the process of thermoset composite manufacturing
  • 5.2.2. End-Use Industry: Increasing requirement of high-strength, lightweight composites in aerospace & automotive industries
• 5.3. Porter's Five Forces Analysis
  • 5.3.1. Threat of New Entrants
  • 5.3.2. Threat of Substitutes
  • 5.3.3. Bargaining Power of Customers
  • 5.3.4. Bargaining Power of Suppliers
  • 5.3.5. Industry Rivalry
• 5.4. PESTLE Analysis
  • 5.4.1. Political
  • 5.4.2. Economic
  • 5.4.3. Social
  • 5.4.4. Technological
  • 5.4.5. Legal
  • 5.4.6. Environmental

6. Thermoset Composites Market, by Resin Type

• 6.1. Introduction
• 6.2. Epoxy
• 6.3. Phenolic
• 6.4. Polyurethane
• 6.5. Silicone

7. Thermoset Composites Market, by Fiber Type

• 7.1. Introduction
• 7.2. Carbon Fiber
• 7.3. Glass Fiber

8. Thermoset Composites Market, by Manufacturing Process

• 8.1. Introduction
• 8.2. Compression Molding
• 8.3. Filament Winding
• 8.4. Injection Molding
• 8.5. Lay-Up
• 8.6. Pultrusion
• 8.7. Resin Infusion

9. Thermoset Composites Market, by End-Use Industry

• 9.1. Introduction
• 9.2. Aerospace & Defense
• 9.3. Construction & Infrastructure
• 9.4. Electrical & Electronics
• 9.5. Marine
• 9.6. Pipe & Tank
• 9.7. Sporting Goods
• 9.8. Transportation
• 9.9. Wind Energy

10. Americas Thermoset Composites Market

• 10.1. Introduction
• 10.2. Argentina
• 10.3. Brazil
• 10.4. Canada
• 10.5. Mexico
• 10.6. United States

11. Asia-Pacific Thermoset Composites Market

• 11.1. Introduction
• 11.2. Australia
• 11.3. China
• 11.4. India
• 11.5. Indonesia
• 11.6. Japan
• 11.7. Malaysia
• 11.8. Philippines
• 11.9. Singapore
• 11.10. South Korea
• 11.11. Taiwan
• 11.12. Thailand
• 11.13. Vietnam

12. Europe, Middle East & Africa Thermoset Composites Market

• 12.1. Introduction
• 12.2. Denmark
• 12.3. Egypt
• 12.4. Finland
• 12.5. France
• 12.6. Germany
• 12.7. Israel
• 12.8. Italy
• 12.9. Netherlands
• 12.10. Nigeria
• 12.11. Norway
• 12.12. Poland
• 12.13. Qatar
• 12.14. Russia
• 12.15. Saudi Arabia
• 12.16. South Africa
• 12.17. Spain
• 12.18. Sweden
• 12.19. Switzerland
• 12.20. Turkey
• 12.21. United Arab Emirates
• 12.22. United Kingdom

13. Competitive Landscape

• 13.1. Market Share Analysis, 2023
• 13.2. FPNV Positioning Matrix, 2023
• 13.3. Competitive Scenario Analysis
  • 13.3.1. Nouryon Invests in Icos Capital Fund IV to Accelerate Sustainability
  • 13.3.2. Toray Advanced Composites to Expand Morgan Hill Operations
  • 13.3.3. Toray develops high-speed thermal welding for thermoset composites
• 13.4. Strategy Analysis & Recommendation

Companies Mentioned

• 1. Accurate Plastics
• 2. Arkema SA
• 3. Atlas Fibre
• 4. Bermar Associates, Inc.
• 5. C2 Composites
• 6. Covestro AG
• 7. Hexcel Corporation
• 8. Huntsman Corporation
• 9. Johns Manville
• 10. Lingol Corporation
• 11. Mar-Bal, Inc.
• 12. Mitsubishi Chemical Corporation
• 13. Norplex-Micarta
• 14. Nouryon
• 15. Owens Corning
• 16. Redwood Plastics and Rubber
• 17. SGL Carbon SE
• 18. Solvay SA
• 19. Southwest Plastics Co.
• 20. Teijin Ltd.
• 21. The Gund Company
• 22. Toray Advanced Composites
• 23. Trident Plastics, Inc.
• 24. Woodland Plastics Corporation