Global Composite Resin
Market Report
2025
Composite resin market was valued at USD 23.12 billion in 2022 and is projected to reach USD 39.43 billion by 2030, registering a CAGR of 6.9% for the forecast period 2023-2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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The global composite resin market was valued at USD 23.12 billion in 2022 and is projected to reach USD 39.43 billion by 2030, registering a CAGR of 6.9% for the forecast period 2023-2030.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Composite Resin Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 6.9% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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Market Split by By manufacturing processes |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Composite Resin Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Composite resin is a synthetic resin, usually acrylic based, to which a high percentage of ceramic reinforcing filler has been added, such as particles of glass or silica coated with a coupling agent to bind them to the matrix These composites such as vinyl ester, polypropylene, and polyethylene exhibit the high binding capacity of the variety of fibers available in the materials with the material’s strength and stiffness. Composite resins extensively find their application in the automotive, aerospace and defense, building and construction, and other industries
The increasing demand for composites resin in various end-use industries such as automotive, building and construction activity, aerospace, and military applications are the driving factors for the global market. This is due to its lightweight, high strength, and durability properties. They are commonly used in the construction of bridges, facades, panels, pipes, and other structural components. Furthermore, composite resins are widely used in the aerospace industry for manufacturing lightweight and fuel-efficient aircraft components. These resins offer excellent strength-to-weight ratios and can withstand extreme temperatures and environmental conditions. Moreover, composite resins are widely used in the aerospace industry for manufacturing lightweight and fuel-efficient aircraft components. These resins offer excellent strength-to-weight ratios and can withstand extreme temperatures and environmental conditions. This will contribute to an increase in demand for the composite resin market.
The high cost of composite resin may hamper the growth of the global composite resin market. This is due to the components of composite resins, like the fibers and matrix materials (epoxy, polyester, and vinyl ester), which can cost more than more traditional materials like metals or plastics. Furthermore, the production of composite resins usually involves complex and time-consuming manufacturing procedures. These processes often require skilled labor, specialized equipment, and controlled environments. The cost of implementing and maintaining such a procedure raises the price of composite resins overall
The aerospace and defense industries are major consumers of composite resins due to their lightweight and high-strength properties. The trend towards fuel efficiency, reduced emissions, and increased aircraft production has increased the demand for composite resin materials in this sector. Furthermore, composite resins offer a high strength-to-weight ratio, making them ideal for aerospace applications. By incorporating composite resin-based components in aircraft structures, such as wings, fuselages, and interior components, aerospace manufacturers can achieve significant weight reduction without compromising strength and safety.
The outbreak of COVID-19 caused disruptions in global supply chains, affecting the availability and transportation of raw materials and components required for composite resin production. Lockdown measures, travel restrictions, and reduced manufacturing capacities in different regions disrupted the smooth flow of materials, leading to potential delays in production and delivery.
The pandemic caused a slowdown in several industries, including automotive, aerospace, and construction, which are significant consumers of composite resins. Reduced economic activity, travel restrictions, and temporary closures of manufacturing facilities led to a decline in demand for composite resin-based products in various applications.
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Chemical and materials companies are facing some challenges including stringent rules & regulation, supply chain disruption along with raw material price volatility. Thus, some of the key players are adopting new technologies to enhance their product portfolio. Now days digital technologies play an important role in this sector because it improves efficiency, operations and productivity of the plant. This study helps you to understand the competitor’s revenue generation, key strategies, recent development coupled with its S.W.O.T analysis.
Top Companies Market Share in Composite Resin Industry: (In no particular order of Rank)
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The Asia-Pacific region held the largest market share in 2022. This is attributed to China's highly developed automotive and transportation industries and constant investments made in the region over the years to enhance automotive and transportation. These industries are significant consumers of composite resin materials. The increasing demand for lightweight, durable, and high-performance materials in these sectors drives the growth of the composite resin market in the region.
North America is the second largest region of the composite resin market in terms of revenue market share. This is due to the region having a well-established and diverse manufacturing base across industries such as automotive, aerospace, construction, and marine. These industries are major consumers of composite resins. The presence of established manufacturing facilities and expertise in these sectors contributes to North America's dominance in the composite resin market.
The current report Scope analyzes Composite Resin Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Composite Resin Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Composite Resin Industry growth. Composite Resin market has been segmented with the help of its Type, Application By manufacturing processes, and others. Composite Resin market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Quality management is the major parameter to meet specific standards and specifications, reliability and consistency. The chemical and material industry is full of various types of chemicals and it is necessary to focus on quality management because it may affect environment & other equipment. Raw materials plays an important role in this industry. The chemical industry converts these raw materials into primary, secondary, and tertiary products. Fluctuations in raw material prices may impact the market growth in the near future. This study includes the revenue generation of each type in each region for the year 2021 to 2033. Additionally it also provides detailed supply chain analysis along with current trends in the market which are expected to propel the market growth in the coming year.
Type of Composite Resin analyzed in this report are as follows:
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In 2022, the thermoplastic resin segment held the largest market share for the global composite resin market. This is due to thermoplastic materials can be molded into a variety of shapes and structures and have an increased impact resistance. Furthermore, thermoplastic composites have the ability to reform. A thermoplastic resin impregnates a reinforcing fiber when heat and pressure are applied, a physical rather than a chemical change occurs. This enables the reshaping and reforming of thermoplastic composites. Thus, the thermoplastic composite can be recycled at the end of its life, thereby raising the demand for thermoplastic resin in the global market.
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By manufacturing process, the compression molding segment accounted for the largest market share in 2022. Compression molding segment is a widely used method for the manufacturing of resins industry. Most thermoset resins, including polyester, epoxy, and phenolic, are used in the compression molding process. The wide range of industries where carbon fiber-reinforced plastic (CFRP) and glass fiber-reinforced plastic (GFRP) can be used, including transportation, infrastructure and construction, and aerospace and defense, is driving the demand for compression molding segment in the global market.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Composite Resin Market is witnessing significant growth in the near future.
In 2023, the Thermoplastic Composite Resin segment accounted for noticeable share of global Composite Resin Market and is projected to experience significant growth in the near future.
The Construction Infrastructure segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Evonik Industries AG , SABIC and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
The composite resin market has become highly desirable for numerous end-use applications. Among them, the field of restorative dentistry places first. Then there are the Aerospace, automotive, marine, and construction industries.
Disclaimer:
Type | Thermoplastic Composite Resin, Thermoset Composite Resin |
Application | Construction Infrastructure, Automotive industry, Transportation, Electricals Electronics, Pipes Tanks, Wind Energy, Marine, Aerospace Defense, Consumer Goods |
By manufacturing processes | Layup, Injection, Compression Molding, RTM, Filament Winding, Pultrusion |
List of Competitors | Evonik Industries AG, DSM, SABIC, Huntsman International LLC, Scott Bader Company Ltd., Celanese Corporation, Dow, Hexion Inc., Allnex GmbH, Sumitomo Bakelite Co., Ltd. |
This chapter will help you gain GLOBAL Market Analysis of Composite Resin. Further deep in this chapter, you will be able to review Global Composite Resin Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Composite Resin. Further deep in this chapter, you will be able to review North America Composite Resin Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Composite Resin. Further deep in this chapter, you will be able to review Europe Composite Resin Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Composite Resin. Further deep in this chapter, you will be able to review Asia Pacific Composite Resin Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Composite Resin. Further deep in this chapter, you will be able to review South America Composite Resin Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Composite Resin. Further deep in this chapter, you will be able to review Middle East Composite Resin Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Composite Resin. Further deep in this chapter, you will be able to review Middle East Composite Resin Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Composite Resin. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by By manufacturing processes Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Composite Resin market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Research Methodology and Sources
Why Thermoplastic Composite Resin have a significant impact on Composite Resin market? |
What are the key factors affecting the Thermoplastic Composite Resin and Thermoset Composite Resin of Composite Resin Market? |
What is the CAGR/Growth Rate of Construction Infrastructure during the forecast period? |
By type, which segment accounted for largest share of the global Composite Resin Market? |
Which region is expected to dominate the global Composite Resin Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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