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 ReportThe 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
- Filament Winding
- Injection Molding
- Compression Molding
- Automotive
- Aerospace and Defense
- Electrical and Electronics
- Wind Energy
Strategic Insights
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.
- 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.
- 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.
Market Report Scope
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.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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Frequently Asked Questions
The Composite Resin Market is estimated to witness a CAGR of 6% from 2025 to 2031
Rising Demand for Lightweight and High-Performance Materials and Technological Advancements in Composite Manufacturing are driving the market growth.
TORAY INDUSTRIES, INC., DIC CORPORATION, Arkema, Hexcel Corporation, Nexam Chemical AB, Epic Resins, Final Advanced Materials, Molded Fiber Glass Companies, SUMITOMO BAKELITE CO.,LTD., and RTP Company are the key players operating in the market.
On the basis of geography, the market is segmented into is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
The report can be delivered in PDF/Word format, and we can also share excel data sheet based on request.
Increased adoption of bio-based resins are expected to be the key market trends.
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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