Composite Resin Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage : by Type (Epoxy, Phenolic, Polyimide, Cyanate Ester, Bismaleimide); Process (Filament Winding, Injection Molding, Compression Molding); End-Use Industry (Automotive, Aerospace and Defense, Electrical and Electronics, Wind Energy); and Geography (North America, Europe, Asia Pacific, and South and Central America)

The Composite Resin Market is expected to register a CAGR of 6% from 2025 to 2031, with a market size expanding from US$ XX Million in 2024 to US$ XX Million by 2031.

The composite resin market is segmented into type, process, end-use industry, and geography. Based on type, the market is segmented into epoxy, phenolic, polyimide, cyanate ester, bismaleimide, and others. Based on process, the market is segmented into filament winding, injection molding, compression molding, and others. Based on the end-use industry, the market is segmented into automotive, aerospace and defense, electrical and electronics, wind energy, and others.

Purpose of the Report

The report Composite Resin Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

• Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
• Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
• Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Composite Resin Market Segmentation

Type

• Epoxy
• Phenolic
• Polyimide
• Cyanate Ester
• Bismaleimide

Process

• Filament Winding
• Injection Molding
• Compression Molding

End-Use Industry

• Automotive
• Aerospace and Defense
• Electrical and Electronics
• Wind Energy

Composite Resin Market Growth Drivers

• Growth in Demand for Lightweight and High-Performance Materials: The strong driving forces behind the composite resin market are the growing need for lightweight, durable, high-performance materials in industries, including automotive, aerospace, and construction. Composites, especially those using epoxy, polyester, and vinyl ester-based resins, offer much superior strength-to-weight ratios. These are critical when improvements in fuel efficiency, the integrity of the structure, and a minimum total weight of material are concerned. As these industries have more focus on energy efficiency and sustainability, the demand for composite resins has been increasing.
  
• Technological Advancements in Composite Manufacturing: The composite resin market is driven significantly by innovations in resin systems, such as faster curing resins, advanced thermosetting resins, and bio-based resins. These advancements bring about increased performance, better cost-effectiveness, and reductions in the environmental footprint of composite materials. There are improvements in manufacturing techniques, for example, automation of lay-up processes, infusion molding, and 3D printing, which allow for composite parts' efficient production, fueling more widespread adoption within industries.
  
• Growth in Aerospace, Automotive, and Wind Energy: Aerospace, automotive, and wind energy are leading end-use industries where composite material usage for manufacturing critical parts is becoming increasingly popular. Aerospace utilizes composite resins for lightweight yet strong aircraft components. In the automotive sector, weight reduction, safety enhancement, and improved fuel efficiency benefit from the use of composite materials. Composite resins are used in the manufacturing of turbine blades in the wind energy sector. In that particular area, high strength and durability are required. Hence, sustained growth in those sectors is the main factor behind fueling demand for composite resins.

Composite Resin Market Future Trends

• Increased Adoption of Bio-based Resins: Bio-based composite resins are on the ascendancy as people are starting to demand sustainable materials, and bio-based resins are derived from renewable sources such as plants or algae. Bio-based resins are more eco-friendly since they are made from such renewable resources as opposed to traditional petroleum-based resins. Now, these resins in automotive, marine, or consumer goods applications align with the broader move towards greater sustainability and greener practices in manufacturing.
  
• Increasing Emphasis on Recycling and the Circular Economy: With more importance now being given to sustainability, recycling of composites finds increased attention and emphasis by the automotive and aerospace sectors. Scientists and companies continue to explore more effective recycling of composite resins. This leads to reduced waste and improves environmental impact altogether. Innovation, therefore, follows trends toward a more circular economy in the form of resin systems that can be recycled or reutilized more easily.
  
• Technological Integration with 3D Printing: Intermixing composite resins with 3D printing technology is one more trend that is being prominently noticed. Resin formulation advancements compatible with 3D printing are enabling lightweight, complex, and customized components for a huge range of industries, be it aerospace, automotive, or the healthcare sector. 3D-printed composite parts offer reduced material waste, faster production times, and the ability to create intricate designs that would be difficult to achieve with traditional manufacturing methods.

Composite Resin Market Opportunities

• Expansion in the Electric Vehicle (EV) Market: As the electric vehicle market expands, so does the demand for lightweight materials that enhance battery efficiency and increase the range of the vehicle. Composite resins, particularly those applied to body panels, battery enclosures, and structural components, offer the strength and durability needed while minimizing weight. The continued expansion of the EV market creates a major opportunity for innovation in composite resins for this industry.
  
• Growth in Renewable Energy: Wind Energy. Shifting to renewable energy will require large amounts of the output of composite resins in wind power. As is evident, large-scale blades in wind turbines make critical use of composite materials in which high strength-to-weight ratio and durability assume the essence of performance longevity. The rising global demand for wind energy, mainly in Europe, North America, and Asia-Pacific, will boost the demand for advanced composite resins for the production of wind turbines, thereby creating new market opportunities.
  
• Advanced and Specialized Resins for New Applications: Growth potential in the development of specialized composite resins for emerging applications in electronics, construction, and marine is huge. For instance, resins that have improved electrical insulation properties, fire resistance, or high-temperature resistance are becoming popular. In addition, as marine industries strive to become more fuel-efficient and environmentally friendly, composite resins used in boat hulls and other structures will be in higher demand. These innovations open up the way for market expansion across various industries.

Composite Resin Market Regional Insights

The regional trends and factors influencing the Composite Resin Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Composite Resin Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Composite Resin Market Report Scope

Composite Resin Market Players Density: Understanding Its Impact on Business Dynamics

The Composite Resin Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Composite Resin Market are:

1. TORAY INDUSTRIES, INC.
2. DIC CORPORATION
3. Arkema
4. Hexcel Corporation
5. Nexam Chemical AB
6. Epic Resins

Disclaimer: The companies listed above are not ranked in any particular order.

Key Selling Points

• Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Composite Resin Market, providing a holistic landscape.
• Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
• Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
• Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Composite Resin Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

• TORAY INDUSTRIES, INC.


• DIC CORPORATION


• Arkema


• Hexcel Corporation


• Nexam Chemical AB


• Epic Resins


• Final Advanced Materials


• Molded Fiber Glass Companies


• SUMITOMO BAKELITE CO.,LTD.


• RTP Company