Composite Resins Market: Classification, Opportunities, Types, Applications, Status and Forecast to 2025
                     Adroit Market Research
Global Composite Resins Market 
Size 2019
by Type (Thermosetting, Thermoplastic), End Use 
(Aerospace & defense, Automotive, Wind energy, 
Electrical & electronics, Construction, Others), Region 
and Forecast to 2025
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Adroit Market Research
Global Composite Resins Market To Expand At A CAGR Of ~6% 
Over The Forecast Period
• 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.
• Adroit Market Research report on the global composite resins market gives a holistic view of the market from 
2015 to 2025, which includes factors such as market drivers, restraints, opportunities, challenges, and 
regulatory scenarios. The market has been studied for historic years from 2015 to 2018, with the base year of 
estimation as 2019 and forecast from 2020 to 2025. The report covers the current status and future traits of the 
market at global as well as country level. Also, the study assesses the market competition with Porter's five 
forces analysis and positions the key players based on their product portfolio, geographic footprint, strategic 
initiatives, and overall revenue. Prominent players operating in the global composite resin market have been 
studied in detail.
• 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 usage of composite materials significantly reduces the weight along with giving desired strength 
to the components. Therefore, composite materials such as carbon fibers are used in aircraft body structures as 
well as in automotive structural designs. Owing to this, composite resins are gaining significant demand which 
will fuel the market growth in the coming years.
• Browse the complete report on @ 
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Adroit Market Research
Global Composite Resins Market To Expand At A CAGR Of ~6% Over The Forecast Period
• 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. 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, 
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Adroit Market Research
Key segments of the global composite resins market
Type Overview, 2015-2025 (Kilo Tons) (USD Million)
• Thermosetting resins
• Thermoplastic resins
End Use Overview, 2015-2025 (Kilo Tons) (USD Million)
• Aerospace &defence
• Automotive
• Wind energy
• Electrical & electronics
• Construction
• Others
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About Us
Adroit Market Research is an India-based business analytics and consulting company. Our 
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