Composite Resins Market Size Report Predicts Healthy Growth with Demand from Emerging Sectors & Forecasts to 2025

1. Adroit Market Research Composite Resins Composite Resins Market Market Size 2019, by Type (Thermosetting, Thermoplastic), End Use (Aerospace & defense, Automotive, Wind energy, Electrical & electronics, Construction, Others), Region and Forecast to 2025 Single Use License: US$ 4400 Request Sample +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com

2. Adroit Market Research Global Global Composite Resins Composite ResinsMarket Size Market Size and Share and Share- -Global Forecast to 2025 Global Forecast to 2025 • The global composite resins market was estimated to be worth USD 17.16 Billion in 2025, growing at a CAGR of ~6%. Increasing demand for advanced composite resins from the aerospace and automotive industries are the key factors to propel the market growth in the coming years. • Composite resins are an integral part of the making of composite materials. These resins provide adhesion between the composite fibers and protect the fibers from external damages. Composite resins have high mechanical strength along with being extremely lightweight. • Due to these properties, composite materials have gained remarkable demand from the automotive and aerospace industries. Reducing the weight of components and structures has been one of the prime concerns of these industries owing to rising concerns over fuel efficiency. • The global composite resins market is segmented based on type and end-use. Based on product type, the market is categorized into thermoplastic and thermosetting resins. Based on end-use, the global composite resins market is segmented into aerospace & defense, automotive, wind energy, electrical & electronics, construction, and others. • By product type, thermosetting resins dominated the composite resins market in 2019. The high compatibility of these resins with several fabrication processes is one of the key factors to augment the demand for the resin. +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com

3. Adroit Market Research Global Global Composite Resins Composite ResinsMarket Market Size and Share Size and Share- -Global Forecast to 2025 Global Forecast to 2025 • By end-use, automotive and aerospace & defense segment are estimated to dominate the demand side for composite resins till 2025. • Based on the region, the global composite resin market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of market demand, Asia Pacific dominated the global composite resins market in 2019 closely followed by North America and Europe. • Impressive demand growth in the automotive sector in recent years along with rising wind energy installations in the Asia Pacific, especially China fueled the composite resin market growth in the region. • Till December 2016, global wind installed capacity was 486,749 MW in which China alone accounted for >30% of the share. Moreover, the country installed 23,328 MW new installed capacity in the year 2016. The country aims to make wind energy as the key source of renewable energy according to its 2020 Clean-energy target. Overall, a major chunk of composite resin demand is projected to come from the Asia Pacific region. • The global composite resin market is a competitive market with the presence of global players such as Huntsman Corporation, BASF SE, The Dow Chemical Company, Reichhold Inc., HexionInc, Sumitomo Bakelite Company Ltd., SABIC, PolyntSpA, Ashland Inc., Kukdo Chemical Co.Ltd. +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com

4. Adroit Market Research Global Global Composite Resins Composite ResinsMarket Size Market Size and Share and Share- -Global Forecast to 2025 Global Forecast to 2025 • Key segments of the global composite resins market • Type Overview: • Thermosetting resins • Thermoplastic resins • End Use Overview: • Aerospace &defence • Automotive • Wind energy • Electrical & electronics • Construction • Others • Regional Overview: • North America • Europe • Asia Pacific • Latin America • Middle East & Africa +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com

5. Adroit Market Research About Us About Us Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps. Our analysts have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals, semiconductor & electronics, energy & power, food & retail, consumer goods, technology, and machinery & equipment sectors across the world to identify new opportunities, potential customers, prepare go-to-market (GTM) strategies, identify segments for revenue growth for companies, and many more. Contact Us US Headquarters Phone: +1 (214) 884-6068 Email: sales@adroitmarketresearch.com 3131 McKinney Ave Ste 600 Dallas, TX 75204 ,U.S.A +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com