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Recent research: Global thermoset composites market expected to grow with a CAGR of 6.8% by 2024

Global Thermoset Composites Market, By Fiber Type (Glass Fiber, Carbon), By Resin Type, By Manufacturing Process, By End-User – Industry Trends and Forecast to 2024

Global Thermoset Composites Market Make an Inquiry about this news accounted for USD 42.0 billion in 2016 and is projected to grow at a CAGR of 6.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Major Market Competitors: Global Thermoset Composites Market

Some of the major players included in this report:

  • AGY Holdings Corp.
  • Carbon Mods
  • Chongqing Polycomp International Corporation
  • Cytec Industries Inc.
  • Hexcel Corporation
  • Hexion Inc.
  • Huntsman Corporation
  • Johns Manville Corporation
  • Jushi Group Co., Ltd
  • Kemrock Industries and Exports Limited
  • Mitsubishi Rayon Co., Ltd.
  • Owens Corning
  • PPG Industries Inc.
  • SGL Group
  • Taekwang Industries Co Ltd.
  • Teijin Limited
  • Toray Industries Inc.

The market is segmented on the basis of fiber type into glass fiber, carbon and other.

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On the basis of resin type, the market is segmented into polyester, epoxy, vinyl ester and others.

On the basis of manufacturing process, the market is segmented into lay-up, filament winding, injection molding, pultrusion and others.

On the basis of end-user, the market is segmented into aerospace & defense, wind energy, transport, sporting goods, marine, construction & infrastructure, pipe & tank, electrical & electronics and other.

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On the basis of geography, the thermoset composites market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

Major Market Drivers:

  • Use of thermoset composites for manufacturing of structural composite parts for aircraft
  • Increasing demand for lightweight materials from the transport sector
  • Increasing usage of thermoset composites in the wind energy

Market Restraint:

  • Issues related to recyclability
  • Issues related to testing of thermoset composites

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