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Growth Opportunities for Thermoset Resin Market in the Global Composites Industry

November 2016 | 164 pages | ID: G26F9739230EN
Lucintel

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The future of thermoset resin in the global composites industry looks good with opportunities in pipe and tank, construction, electrical/electronics, wind energy, marine, transportation, aerospace/defense, and consumer goods industries. The thermoset resin market in the global composites industry is expected to reach an estimated $13.8 billion by 2021 and it is forecast to grow at a CAGR of 4.4% by value from 2016 to 2021. The major drivers for market growth are the increasing demand for lightweight materials, and performance benefits of reinforced composites over rival materials.

In this market, pipe and tank, construction, electrical/electronics, wind energy, marine, transportation, aerospace/defense, and consumer goods are the major end use industries. On the basis of its comprehensive research, Lucintel forecasts that the aerospace/defense, transportation, and construction segments are expected to show above average growth during the forecast period. Within the thermoset resin market in the global composites industry, pipe and tank is expected to remain the largest segment by value and construction by volume. Expected growth in the infrastructure development, rehabilitation of old infrastructures, and capital investment in industrial development are the major driving forces that spur growth for these segments over the forecast period.

For business expansion, Lucintel’s report suggests innovation to achieve higher strength, lower environmental impact, fast curing, and ease of processing. Emerging trends, which have a direct impact on the dynamics of the industry, include development of rapid cure resin systems, emergence of bio based thermosets, and increasing use of Fire, Smoke, and Toxic (FST) resin.

Ashland, DSM, Reichhold, Huntsman, BASF SE, Polynt, AOC, Dow Chemicals, Olin Epoxy, Bayer, and Momentive are among the major suppliers of thermoset resin in the global composites industry. This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s challenging economy, you need every advantage that you can find.
1. EXECUTIVE SUMMARY

2. INDUSTRY BACKGROUND AND CLASSIFICATIONS

2.1: Introduction
2.2: Industry Classifications
  2.2.1: Thermoset Resins in the Global Composite Industry by Process
  2.2.2: Thermoset Resin in the Global Composites Industry by Resin
  2.2.3: Thermoset Resin in the Global Composite Industry by End Use Industry
2.3: Supply Chain

3. MARKET TRENDS AND FORECAST ANALYSIS

3.1: Market Analysis 2015
  3.1.1: Thermoset Resin in the Global Composites Market by End Use Industry
    Pipe and Tank
    Construction
    Electrical and Electronics
    Wind Energy
    Transportation
    Marine
    Consumer Goods
    Aerospace and Defense
    Others
  3.1.2: Thermoset Resin Market in the Global Composites Industry by Process
    Hand Lay-Up/Spray-Up
    Filament Winding
    Prepreg Lay-Up
    Resin Infusion
    Compression Molding
    Injection Molding
    Pultrusion
    Others
  3.1.3: Thermoset Resin Market in the Global Composites Industry by Resin
    Polyester
    Vinyl ester
    Epoxy
    Phenolic
    Polyurethane
    Others
  3.1.4: Thermoset Resin Market in the Global Composites Industry by Region
    North America
    Europe
    Asia Pacific
    Rest of the World
3.2: Market Trends: 2010-2015
  3.2.1: Macroeconomic Trends
  3.2.2: Thermoset Resin Market Trend in the Global Composites Industry
  3.2.3: Industry Drivers and Challenges
3.3: Market Forecast 2016–2021
  3.3.1: Macroeconomic Forecast
  3.3.2: Thermoset Resin Market Forecast in the Global Composites Industry

4. COMPETITOR ANALYSIS

4.1: Product Portfolio Analysis
4.2: Geographical Reach
4.3: Operational Integration
4.4: Porter’s Five Forces Analysis

5. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS

5.1: Growth Opportunity Analysis
  5.1.1: Growth Opportunities for the Thermoset Resin in the Global Composites Market by End Use Industry
  5.1.2: Growth Opportunities for Thermoset Resin Market in the Global Composites Industry by Resin Type
  5.1.3: Growth Opportunities for Thermoset Resin Market in Global Composites Industry by Process
  5.1.4: Growth Opportunities for Thermoset Resin Market in Global Composites Industry by Region
5.2: Emerging Trends in the Thermoset Resin Market in the Global Composite Industry
5.3: Strategic Analysis
  5.3.1: New Product Development
  5.3.1: Capacity Expansion in Thermoset Resin Market in Global Composite Industry
  5.3.2: Certification and Licensing
  5.3.3: Technology Development
  5.3.4: Mergers, Acquisitions and Joint Ventures in the Thermoset Resin Market in Global Composite Industry
5.4: New Entrants in the Thermoset Resin Market in the Global Composite Industry

6. COMPANY PROFILES OF LEADING PLAYERS

6.1: Ashland
6.2: BASF SE
6.3: Huntsman Corporation
6.4: Bayer Material Science
6.5: DSM
6.6: Momentive
6.7: Reichhold
6.8: AOC, LLC

LIST OF FIGURES

CHAPTER 2. INDUSTRY BACKGROUND AND CLASSIFICATIONS

Figure 2.1: Classification of Thermoset Resin Market in the Global Composites Industry
Figure 2.2: Hand Lay-up Process
Figure 2.3: Spray-up Process
Figure 2.4: Resin Transfer Molding Process
Figure 2.5: Vacuum Infusion Process
Figure 2.6: Light Resin Transfer Molding Process
Figure 2.7: Filament Winding Process
Figure 2.8: Pultrusion Process
Figure 2.9: Reaction Injection Molding Manufacturing Process
Figure 2.10: Long Fiber Injection Manufacturing Process
Figure 2.11: Thermoset Resin are Used in Manufacturing of Marine Applications
Figure 2.12: Thermoset Composites Used in Pipe Industry
Figure 2.13: Polyurethane Resin Used in Manufacturing of Tractor Roof Module
Figure 2.14: Thermoset Resin Used in the Construction of Utility Poles
Figure 2.15: Thermoset Resin Used in Wind Blade Manufacturing
Figure 2.16: Composites Seating System in Aircraft
Figure 2.17: Thermoset Resins Used in Ignition Coil
Figure 2.18: Thermoset Resins Used in Fishing Rods
Figure 2.19: Supply Chain of Thermoset Resin Market in the Global Composites Industry

CHAPTER 3. MARKET TRENDS AND FORECAST ANALYSIS

Figure 3.1: Thermoset Resin ($ Million) Distribution in the Global Composites Market by End Use Industry in 2015
Figure 3.2: Thermoset Resin ($ Million) in the Global Composites Market by End Use Industry in 2015
Figure 3.3: Thermoset Resin (Million Pounds) Distribution in the Global Composites Market by End Use Industry in 2015
Figure 3.4: Thermoset Resin (Million Pounds) in the Global Composites Market by End Use Industry in 2015
Figure 3.5: Thermoset Resin Market (Million Pounds) Distribution in the Global Composites Industry by Process in 2015
Figure 3.6: Thermoset Resin Market (Million Pounds) in the Global Composites Industry by Process in 2015
Figure 3.7: Thermoset Resin Market ($ Million) Distribution in the Global Composites Industry by Resin Type in 2015
Figure 3.8: Thermoset Resin Market ($ Million) in the Global Composites Industry by Resin Type in 2015
Figure 3.9: Thermoset Resin Market (Million Pounds) Distribution in the Global Composites Industry by Resin Type in 2015
Figure 3.10: Thermoset Resin Market (Million Pounds) in the Global Composites Industry by Resin in 2015
Figure 3.11: Thermoset Resin Market ($ Million) Distribution in the Global Composites Industry by Region in 2015
Figure 3.12: Thermoset Resin Market ($ Million) in the Global Composites Industry by Region in 2015
Figure 3.13: Thermoset Resin Market (Million Pounds) Distribution in the Global Composites Industry by Region in 2015
Figure 3.14: Thermoset Resin Market (Million Pounds) in the Global Composites Industry by Region in 2015
Figure 3.15: Trends of the Global GDP Growth Rate
Figure 3.16: Trends of the Regional GDP Growth Rate
Figure 3.17: Trends of Global Annual Wind Turbine Installations (GW) from 2010 to 2015
Figure 3.18: Trends of Global Automotive Production from 2010 to 2015
Figure 3.19: Trends of Automotive Production by Region from 2010 to 2015
Figure 3.20: Thermoset Resin Market Trend in the Global Composites Industry from 2010 to 2015
Figure 3.21: Thermoset Resin ($ Million) Trend in the Global Composites Market by End Use Industry from 2010 to 2015
Figure 3.22: Year-over-Year Growth Rate in Thermoset Resin ($ Million) in the Global Composites Market by End Use Industry from 2014 to 2015
Figure 3.23: CAGR of Thermoset Resin ($ Million) in the Global Composites Market by End Use Industry from 2010 to 2015
Figure 3.24: Thermoset Resin (Million Pounds) Trend in the Global Composites Market by End Use Industry from 2010 to 2015
Figure 3.25: Year-over-Year Growth Rate in Thermoset Resin (Million Pounds) in the Global Composites Market by End Use Industry from 2014 to 2015
Figure 3.26: CAGR of Thermoset Resin (Million Pounds) in the Global Composites Market by End Use Industry from 2010 to 2015
Figure 3.27: Thermoset Resin Market (Million Pounds) Trend in the Global Composites Industry by Process from 2010 to 2015
Figure 3.28: Year-over-Year Growth Rate of the Thermoset Resin Market (Million Pounds) in the Global Composites Industry by Process from 2014 to 2015
Figure 3.29: CAGR of the Thermoset Resin Market (Million Pounds) in the Global Composites Industry by Process from 2010 to 2015
Figure 3.30: Thermoset Resin Market ($ Million) Trend in the Global Composites Industry by Resin Type from 2010 to 2015
Figure 3.31: Year-over-Year Growth Rate of the Thermoset Resin Market ($ Million) in the Global Composites Industry by Resin Type from 2014 to 2015
Figure 3.32: CAGR of Thermoset Resin Market ($ Million) in the Global Composites Industry by Resin Type from 2010 to 2015
Figure 3.33: Thermoset Resin Market (Million Pounds) Trend in the Global Composites Industry by Resin Type from 2010 to 2015
Figure 3.34: Year-over-Year Growth Rate of the Thermoset Resin Market (Million Pounds) in the Global Composites Industry by Resin Type from 2014 to 2015
Figure 3.35: CAGR of Thermoset Resin Market (Million Pounds) in the Global Composites Industry by Resin Type from 2010 to 2015
Figure 3.36: Thermoset Resin Market ($ Million) Trend in the Global Composites Industry by Region from 2010 to 2015
Figure 3.37: Year-over-Year Growth Rate of Thermoset Resin Market ($ Million) in the Global Composites Industry by Region from 2014 to 2015
Figure 3.38: CAGR of Thermoset Resin Market ($ Million) in the Global Composites Industry by Region from 2010 to 2015
Figure 3.39: Thermoset Resin Market (Million Pounds) Trend in the Global Composites Industry by Region from 2010 to 2015
Figure 3.40: Year-over-Year Growth Rate of Thermoset Resin Market (Million Pounds) in the Global Composites Industry by Region from 2014 to 2015
Figure 3.41: CAGR of Thermoset Resin Market (Million Pounds) in the Global Composites Industry by Region from 2010 to 2015
Figure 3.42: Drivers and Challenges of Thermoset Resin Market in the Global Composites Industry
Figure 3.43: Forecast for Global GDP Growth Rate
Figure 3.44: Forecast for Regional GDP Growth Rate at Constant Price
Figure 3.45: Forecast for Global Annual Wind Turbine Installation (GW) from 2016 to 2021
Figure 3.46: Forecast for the Global Automotive Production from 2016 to 2021
Figure 3.47: Forecast for Automotive Production by Region from 2016 to 2021
Figure 3.48: Thermoset Resin Market in the Global Composites Industry Forecast from 2016 to 2021
Figure 3.49: Thermoset Resin ($M) Forecast in the Global Composites Market by End Use Industry from 2016 to 2021
Figure 3.50: Year-over-Year Growth Rate in Thermoset Resin ($M) in the Global Composites Market by End Use Industry from 2015 to 2016
Figure 3.51: CAGR of Thermoset Resin ($M) in the Global Composites Market by End Use Industry from 2016 to 2021
Figure 3.52: Thermoset Resin Market (Million Pounds) Forecast in the Global Composites Industry by End Use Application from 2010 to 2015
Figure 3.53: Year-over-Year Growth Rate of the Thermoset Resin Market (Million Pounds) in the Global Composites Industry by End Use Market Segment from 2015 to 2016
Figure 3.54: CAGR of Thermoset Resin Market (Million Pounds) in the Global Composites Industry by End Use Market Segment from 2016 to 2021
Figure 3.55: Thermoset Resin Market (Million Pounds) Forecast in the Global Composites Industry by Process from 2016 to 2021
Figure 3.56: Year-over-Year Growth Rate of Thermoset Resin Market (Million Pounds) in the Global Composites Industry by Process from 2015 to 2016
Figure 3.57: CAGR of Thermoset Resin Market (Million Pounds) in the Global Composites Industry by Process from 2016 to 2021
Figure 3.58: Thermoset Resin Market ($M) Forecast in the Global Composites Industry by Resin Type from 2016 to 2021
Figure 3.59: Year-over-Year Growth Rate of Thermoset Resin Market ($M) in the Global Composites Industry by Resin from 2015 to 2016
Figure 3.60: CAGR of Thermoset Resin Market ($M) in the Global Composites Industry by Resin Type from 2016 to 2021
Figure 3.61: Thermoset Resin Market (Million Pounds) Forecast in the Global Composites Industry by Resin Type from 2016 to 2021
Figure 3.62: Year-over-Year Growth Rate of Thermoset Resin Market (Million Pounds) in the Global Composites Industry by Resin Type from 2015 to 2016
Figure 3.63: CAGR of Thermoset Resin Market (Million Pounds) in the Global Composites Industry by Resin Type from 2016 to 2021
Figure 3.64: Thermoset Resin Market ($M) Forecast in the Global Composites Industry by Region from 2016 to 2021
Figure 3.65: Year-over-Year Growth Rate of Thermoset Resin Market ($M) in the Global Composites Industry by Region from 2015 to 2016
Figure 3.66: CAGR of Thermoset Resin Market ($M) in the Global Composites Industry by Region from 2016 to 2021
Figure 3.67: Thermoset Resin Market (Million Pounds) Forecast in the Global Composites Industry by Region from 2016 to 2021
Figure 3.68: Year-over-Year Growth Rate of Thermoset Resin Market (Million Pounds) in the Global Composites Industry by Region from 2015 to 2016
Figure 3.69: CAGR of Thermoset Resin Market (Million Pounds) in the Global Composites Industry by Region from 2016 to 2021

CHAPTER 4. COMPETITOR ANALYSIS

Figure 4.1: Headquarters of Major Thermoset Resin Suppliers in Global Composite Industry
Figure 4.2: Porter’s Five Forces Analysis for Thermoset Resin Market in the Global Composites Industry

CHAPTER 5. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS

Figure 5.1: Opportunity for Thermoset Resin in the Global Composites Market by End Use Industry
Figure 5.2: Opportunity for Thermoset Resin Market in the Global Composites Industry by Resin Type
Figure 5.3: Opportunity for Thermoset Resin Market in the Global Composites Industry by Process
Figure 5.4: Opportunity for Thermoset Resin Market in the Global Composites Industry by Region
Figure 5.5: Emerging Trends in Thermoset Resin Market in the Global Composites Market
Figure 5.6: Strategic Initiatives by Major Competitors in 2015
Figure 5.7: Strategic Initiatives by Major Competitors in 2014
Figure 5.8: Year-over-Year Comparison of Strategic Initiatives by Major Competitors in the Thermoset Resin Market in the Global Composites Industry
Figure 5.9: New Product Launches in Thermoset Resin Market in the Global Composites Industry in 2015
Figure 5.10: New Product Launches in Thermoset Resin Market in the Global Composites Industry in 2014
Figure 5.11: Capacity Building by Major Players (2010-2015)

LIST OF TABLES

CHAPTER 1. EXECUTIVE SUMMARY

Table 1.1: Thermoset Resin Market in the Global Composites Industry: Parameters and Attributes – Materials Perspective

CHAPTER 2. INDUSTRY BACKGROUND AND CLASSIFICATIONS

Table 2.1: Advantages and Disadvantages of Thermoset Resin Process in the Global Composites Industry
Table 2.2: Advantages and Disadvantages of Thermoset Resin in the Global Composites Industry

CHAPTER 3. MARKET TRENDS AND FORECAST ANALYSIS

Table 3.1: Trends of Thermoset Resin Market in the Global Composites Industry from 2010 to 2015
Table 3.2: Average Growth Rates for One, Three, and Five years in the Thermoset Resin Market for Global Composites Industry in Terms of Shipment Value ($ Million)
Table 3.3: Market Size and 2014 to 2015 Growth Rates of Thermoset Resin in the Global Composites Market by End Use Industry in Terms of Value and Volume
Table 3.4: Market Size and Compound Annual Growth Rates (2010 to 2016) of Thermoset Resin in the Global Composites Market by End Use Industry in Terms of Value and Volume
Table 3.5: Market Size and 2014 to 2015 Growth Rates and CAGR of the Thermoset Resin Market in the Global Composites Industry by Process in Terms of Volume
Table 3.6: Market Size and 2014 to 2015 Growth Rates in Various Thermoset Resin Type in the Global Composites Industry in Terms of Value and Volume
Table 3.7: Market Size and Compounded Annual Growth Rates (2010 to 2015) in Various Thermoset Resin Types in the Global Composites Industry in Terms of Value and Volume
Table 3.8: Market Size and 2014 to 2015 Growth Rates of Thermoset Resin Market in the Global Composites Industry by Region in Terms of Value and Volume
Table 3.9: Market Size and Compound Annual Growth Rates (2010 to 2015) of Thermoset Resin Market in the Global Composites Industry by Region in Terms of Value and Volume
Table 3.10: Forecast for Thermoset Resin Market in the Global Composites Industry from 2016 to 2021
Table 3.11 Average Growth Rates for One, Three, and Five years in Thermoset Resin Market in the Global Composites Industry in Terms of Shipment Value ($ Million)
Table 3.12: Market Size and 2015 to 2016 Growth Rates of Thermoset Resin in the Global Composites Market by End Use Industry in Terms of Value and Volume
Table 3.13: Market Size and Compound Annual Growth Rates (2016 to 2021) of Thermoset Resin in the Global Composites Market by End Use Industry in Terms of Value and Volume
Table 3.14: Market Size and 2015 to 2016 Growth Rates and CAGR of Thermoset Resin Market in the Global Composites Industry by Process in Terms of Volume
Table 3.15: Market Size and 2015 to 2016 Growth Rates in Various Resin Types of Thermoset Resin Market in the Global Composites Industry in Terms of Value and Volume
Table 3.16: Market Size and Compound Annual Growth Rates (2016 to 2021) in Various Resin Types of Thermoset Resin Market in the Global Composites Industry in Terms of Value and Volume
Table 3.17: Market Size and 2015 to 2016 Growth Rates of Thermoset Resin Market in the Global Composites Industry by Region in Terms of Value and Volume
Table 3.18: Market Size and Compound Annual Growth Rates (2016 to 2021) in Various Region of Thermoset Resin Market in the Global Composites Industry in Terms of Value and Volume

CHAPTER 4. COMPETITOR ANALYSIS

Table 4.1: Market Presence of Major Suppliers of the Thermoset Resin Market in the Global Composites Industry
Table 4.2: Market Presence of Major Suppliers of the Thermoset Resin Market in the Global Composites Industry
Table 4.3: Operational Integration of the Thermoset Resin Market in the Global Composites Industry

CHAPTER 5. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS

Table 5.1: New Products Launched by the Major Companies Showing the Applications and Benefits of Each Product
Table 5.2: Certifications Acquired by Major Competitors in thermoset Resin Market in the Global Composites Industry
Table 5.3: Technological Advancement in Thermoset Resin Market in the Global Composites Industry
Table 5.4: New Entrants in Thermoset Resin Market in the Global Composites Industry (2010-2015)


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