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Global Thermoset Composites Market by Fiber Type (Glass Fiber, Carbon Fiber), by Resin Type (Polyester, Vinyl Ester, Epoxy, Phenolic, Polyurethane), by Manufacturing Process (Layup Process, Filament Winding, Infusion Process, Compression Moulding, Injection Moulding, Pultrusion), by End User (Aerospace and Defense, Wind Energy, Transportation, Construction and Infrastructure, Electrical & Electronics) and by Region, Global trends and forecast from 2022 to 2029
The global thermoset composites market size is expected to grow at more than 6.77% CAGR from 2021 to 2029. It is expected to reach above USD 79.41 Billion by 2029 from a little above USD 44.04 Billion in 2020.
Segment Analysis
On the basis of fiber type market is segmented into glass fiber and carbon fiber. Glass fiber holds a commanding proportion of 78.31% of the market for fiber type thermoset composites, accounting for the majority of the market.
On the basis of resin type market is segmented into polyester, vinyl ester, epoxy, phenolic, polyurethane. Polyester is the industry leader in the thermoset composites market’s Resin type category. Epoxy glue, used as a matrix in the creation of carbon fiber composites, enhances the toughness, impact strength, and corrosion and moisture resistance of the materials.
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