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Composite Resin Market by Resin Type, by Manufacturing Process, by Application & by Region - Global Forecasts to 2020

Composite Resin Market: Global Forecasts until 2020

  • October 2015
  • 154 pages
  • ID: 3363497
In this report:
According to my research estimation, the global consumption of carbon fiber is around ## KT & is growing at a CAGR of ##% to ##%.
Global composite resin market size was USD ##,##.## million in 2014, an ##.##% increase from 2013 Market growth is attributed to increased demand from aerospace & defense, transportation, and wind energy applications The growing demand from electricals & electronics, transportation, construction & infrastructure, wind energy, and pipes & tanks industries in Asia-Pacific presents major opportunities for various market players
According to my research estimation, the global consumption of advanced composites is around ##.## KT and is projected to grow at a CAGR of ##% to ##%.

Summary

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The overall composites resin market is projected at $9317.40M in 2015 and is projected to extend $12885.50M by 2020, at a Compound annual growth rate of 5.60 percent during the period of study. The best strategies approved by the key players contain new industry product developments, mergers & acquisitions, business growths, alliances, strategic agreements, and collaborations with other actors in the textile composite landscape to meet the industry demand from their end users.

Top actors operating in the overall composite resin market are Reichhold Inc., Huntsman (NYSE:UN), Dow Chemical (NYSE:DOW), BASF SE, Polynt SpA, Hexion Inc., Sumitomo Bakelite Company Ltd., Saudi Basic Industries Corporation, Royal DSM, and so on

Hexion Inc. is one of the leading thermoset resin manufacturers globally. Its product portfolio includes an array of resin products used in manufacturing composites, adhesives, coatings, binders, polymers, etc. The company has focused more on price as compared to its competitors in order to retain business and market leadership. It has also focused on expanding its business internationally for achieving a greater market reach and presence. The company has been focusing on business developments to preserve its leading position in the sector. For example, Hexion expanded its production facility in Itatiba, Brazil (BR). The plant was expanded for the production of epoxy resins for big diameter turbine blades that helped the company to serve the increasing wind energy market in South America region. This also helped Hexion to enlarge its presence globally.

Royal DSM is another main player operational in the overall composite resin market. The company has been focusing on strategic agreements and alliances. For example, Royal DSM and CVC Capital Partners, entered into partnership for DSM's activities in polymer intermediates and composite resins through the formation of a new company, NewCo. This partnership helped DSM in further optimizing its product portfolio and reducing its cyclicality. In December 2014, Royal DSM entered into an agreement with Cathay Investments, a distributor of composite resins in the european area, to sell euroresins. This agreement helped DSM to successfully accomplish its increase plans in the field of composite resin.

This industry report offers An in-depth study of the composite resin market and segments the same on the basis of resin, manufacturing technology, application, and area. Established on end-use application, the industry has been divided into construction & infrastructure, transportation, electricals & electronics, pipe & tanks, wind energy, marine, aerospace & defense, and others. Established on area, the sector has been broken down into regions, like North America, Europe (EU), Asia Pacific (APAC) and the Rest of the globe.

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