Thursday, July 7

India Thermoset Composites Market Size, Share, Growth |Industry Analysis Report, 2028

Thermoset Composites Market is valued at USD 24.08 billion in 2019 and is expected to reach USD 31.7 billion in 2026, growing at CAGR of 5.00% from 2020 to 2026.

Thermoset Composites Market Key Players:

A few of the major manufactures which are,

  • Owens Coming
  • Toray Industries
  • Hexcel Corporation
  • Teijin Ltd
  • SGL Group
  • Mitsubishi
  • CPIC

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Thermoset composite parts are typically made from epoxy or polyester resins and reinforced with glass fibers. These are an attractive alternative to metals and thermoplastics due to its exceptional physical properties and surface appearance. Thermoset composites remain steady in high and dynamic temperature applications, a beneficial quality in the rapidly shifting world of manufacturing. Thermoset composites give creators nearly unlimited flexibility in designing shapes and forms.

It offers lower costs in both cost per cubic inch and raw material cost. Thermoset composites can be found in many different industries but are especially conspicuous in household appliance use. Thermosets are ultimate for use in household appliances due to their durability. For example, thermoset composites, which are commonly based on glass, carbon or aramid fibers, are usually incorporated with resins such as polyesters, vinyl esters, epoxies, bismaleimides, cyanate esters, polyimides or phenolics.

Thermoset composites Market Key Segments:

The study provides a crucial view of global Thermoset composites market by segmenting the market based on fiber type, Resin Type, manufacturing process, end user Industry and region. On the basis of fiber type, global Thermoset composites market is segmented as carbon fiber, glass fiber and other fiber

By Fiber Type 

  • Carbon Fiber
  • Glass Fiber
  • Others

By Resin Type 

  • Epoxy Resin
  • Phenolic Resin
  • Polyester Resin
  • Polyurethane Resin
  • Vinyl Ester Resin
  • Others

By End-User

  • Aerospace & Defense
  • Automotive
  • Construction & Infrastructure
  • Electrical & Electronics
  • Marine
  • Pipes & Tanks
  • Transportation
  • Wind Energy
  • Others

The lightweight material has been growing the global thermoset composites market

A lot of the drivers which influence the growth of the global thermoset composites market has been the performance benefits of the reinforced composites in the other materials which are added with the increase in demand for the lightweight materials. The composites have been an affordable alternative to the metals and thermoplastics in a lot of the industries which have been placed under the stress. These have been widely adopted in the industries of aerospace and military control.

Long Fiber Reinforced Thermoplastics:

Most thermoplastic composite parts are made with non-continuous fibers using injection molding. Short fibers (less than 1/8-inch) have been used in thermoplastic composites in the automotive sector for decades. Moreover, long fiber reinforced thermoplastics (LFRTs) from 1/8-inch to one inch have entered the market. LFRTs are commonly available as pellets and used primarily in injection molding and compression molding.

Key Benefits for Global Thermoset Composites Market Report:

  • Global Thermoset Composites Market report covers in-depth historical and forecast analysis.
  • Global Thermoset Composites Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
  • Global Thermoset Composites Market report helps to identify opportunities in marketplace.
  • Global Thermoset Composites Market report covers extensive analysis of emerging trends and competitive landscape.

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