Thermoset Composites Market Dynamics and Developments by 2031

Historic Data: 2021-2023   |   Base Year: 2024   |   Forecast Period: 2025-2031

Coverage: Thermoset Composites Market covers analysis by Manufacturing Process (Lay-Up Process, Filament Winding Process , Injection Molding Process , Pultrusion Process , Other Processes); Fiber Type (Glass, Carbon, Others); Resin Type (Polyester Resin , Vinyl Ester Resin , Epoxy Resin , Other Thermoset Resins); End-Use Industry (Aerospace and Defense , Transportation , Marine , Construction and Infrastructure , Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Date : Aug 2025
  • Report Code : TIPRE00006426
  • Category : Chemicals and Materials
  • Status : Upcoming
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 150

The Thermoset Composites 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 thermoset composites market report is segmented by fiber type (carbon, glass, and others). The market is segmented based on resin type (polyester, vinyl ester, epoxy, polyurethane, and others). The market is segmented based on the manufacturing process (lay-up process, filament winding process, injection molding process, pultrusion process, resin infusion, and others). The market is segmented based on end-use industry (aerospace and defense, automotive, marine, construction, wind energy, sprting goods, and others). The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.

Purpose of the Report

The report Thermoset Composites 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.

Thermoset Composites Market Segmentation

Fiber Type

  • Carbon
  • Glass

Resin Type

  • Polyester
  • Vinyl Ester
  • Epoxy
  • Polyurethane

Customize This Report To Suit Your Requirement

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Thermoset Composites Market: Strategic Insights

thermoset-composites-market
  • Get Top Key Market Trends of this report.
    This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Thermoset Composites Market Growth Drivers

  • Growing Demand in Automotive and Aerospace Industries: Thermoset composites are widely used in the automotive and aerospace sectors due to their high strength-to-weight ratio, durability, and ability to withstand extreme temperatures and harsh conditions. In automotive applications, they help reduce vehicle weight, improve fuel efficiency, and enhance safety. Similarly, in aerospace, these composites are critical for manufacturing lightweight and high-performance components like wings, fuselages, and interior parts. The increasing demand for fuel-efficient and high-performance vehicles and aircraft is driving the market for thermoset composites.
  • Expansion in Wind Energy and Infrastructure Applications: Thermoset composites, particularly those using carbon and glass fibers, are extensively used in the wind energy sector for turbine blades due to their superior mechanical properties and ability to withstand outdoor environmental conditions. As the renewable energy industry grows, especially in wind power, the demand for thermoset composites is increasing. Additionally, these materials are used in construction and infrastructure for reinforcing concrete and providing strong, lightweight components, boosting their adoption in these sectors.
  • Technological Advancements and Material Innovations: Advancements in thermoset composite technologies, such as improved resin formulations and the development of more efficient manufacturing processes (e.g., automated fiber placement and resin transfer molding), are expanding their applications. These innovations enable the production of more cost-effective, high-performance, and lightweight thermoset composite materials, which are driving their adoption in industries like automotive, aerospace, and renewable energy.

Thermoset Composites Market Future Trends

  • Expansion in Aerospace and Automotive Sectors: Thermoset composites are increasingly used in the aerospace and automotive industries for lightweight yet durable components, such as aircraft parts, body panels, and structural elements. These composites offer high performance in demanding environments, helping reduce weight and improve fuel efficiency. With the growing demand for electric vehicles (EVs) and advanced aircraft, the market for thermoset composites in these sectors is expanding.
  • Innovation in Resin Systems: The development of advanced thermoset resin systems, such as epoxy, polyester, and vinyl ester resins, is driving the growth of the market. These innovations are improving the properties of thermoset composites, such as thermal stability, mechanical strength, and corrosion resistance. As a result, thermoset composites are increasingly used in industries like wind energy, marine, and construction, where durability and performance are critical.
  • Sustainability and Recycling: With growing environmental concerns, there is a push for sustainable thermoset composites that can be more easily recycled or reused. Although thermoset composites are traditionally difficult to recycle, advancements in resin technology and recycling processes are making these materials more eco-friendly. This trend is gaining traction, especially in industries like automotive and construction, where companies are focused on reducing waste and minimizing the environmental impact of their products.

Thermoset Composites Market Opportunities

  • Increasing Demand in Aerospace and Automotive Sectors: Thermoset composites are highly valued for their strength, durability, and resistance to heat and corrosion. These properties make them ideal for aerospace and automotive applications, where lightweight, high-performance materials are critical. With the growing demand for fuel-efficient vehicles and the expansion of the aerospace industry, the adoption of thermoset composites is expected to rise significantly, especially in structural components, engine parts, and interior elements.
  • Growth in Renewable Energy Applications: Thermoset composites are increasingly being used in the renewable energy sector, particularly in the manufacturing of wind turbine blades. The need for lightweight, strong, and durable materials to withstand harsh environmental conditions is driving the demand for thermoset composites in wind energy. As the global push for clean energy continues, the demand for these materials in renewable energy applications is expected to grow.
  • Technological Advancements and New Applications: Advances in thermoset composite materials, such as the development of high-performance, cost-effective resins and improved manufacturing processes like resin transfer molding (RTM), are expanding the potential applications of these composites. Industries such as construction, marine, and sports equipment are increasingly adopting thermoset composites due to their enhanced performance, design flexibility, and ability to meet stringent regulatory requirements.

Thermoset Composites Market Regional Insights

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

thermoset-composites-market-global-geography
  • Get the Regional Specific Data for Thermoset Composites Market

Thermoset Composites Market Report Scope

Report Attribute Details
Market size in 2024 US$ XX million
Market Size by 2031 US$ XX Million
Global CAGR (2025 - 2031) 6%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Fiber Type
  • Carbon
  • Glass
By Resin Type
  • Polyester
  • Vinyl Ester
  • Epoxy
  • Polyurethane
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • SGL Group
  • Mitsubishi Chemical Corporation
  • Hexcel Corporation
  • Johns Manville Corporation
  • Toray Advanced Composites
  • IDI Composites International
  • Norplex-Micarta
  • Mar-Bal Inc
  • Solvay

  • Thermoset Composites Market Players Density: Understanding Its Impact on Business Dynamics

    The Thermoset Composites 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 Thermoset Composites Market are:

    1. SGL Group
    2. Mitsubishi Chemical Corporation
    3. Hexcel Corporation
    4. Johns Manville Corporation
    5. Toray Advanced Composites

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


    thermoset-composites-market-cagr

    • Get the Thermoset Composites Market top key players overview

    Key Selling Points

    • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Thermoset Composites 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 Thermoset Composites 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.


    Frequently Asked Questions

    What is the future trend for thermoset composites market?

    Advancements in recycling and sustainability are expected to be the key market trends.

    Based on geography, which region held the largest share of the thermoset composites market?

    Based on geography, Asia Pacific held the largest share of the thermoset composites market due to the strong growth of the automotive and wind energy industries in the region.

    Which is the fastest growing segment based on end-use industry?

    Based on end-use industry, the wind energy segment is expected to witness the fastest growth during the forecast period.

    What is the expected CAGR of the Thermoset Composites Market?

    The Thermoset Composites Market is estimated to witness a CAGR of 6% from 2023 to 2031

    What are the driving factors impacting the thermoset composites market ?

    Increasing demand for lightweight, high-performance materials in automotive and aerospace is driving the market growth.

    What are the key players operating in the thermoset composites market?

    SGL Group, Mitsubishi Chemical Corporation, Hexcel Corporation, Johns Manville Corporation, Toray Advanced Composites, IDI Composites International, Norplex-Micarta, Mar-Bal Inc, Solvay, MICAPLY are the key players operating in the thermoset composites market.

    Habi Ummer
    Habi Ummer
    Manager,
    Market Research & Consulting

    Habi is a seasoned Market Research Analyst with 8 years of experience specializing in the Chemicals and Materials sector, with additional expertise in the Food & Beverages and Consumer Goods industries. He is a Chemical Engineer from Vishwakarma Institute of Technology (VIT) and has developed deep domain knowledge across industrial and specialty chemicals, paints and coatings, paper and packaging, lubricants, and consumer products. Habi’s core competencies include market sizing and forecasting, competitive benchmarking, trend analysis, client engagement, report writing, and team coordination—making him adept at delivering actionable insights and supporting strategic decision-making.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

    Testimonials

    user

    I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.

    DR CHIJIOKE ONYIA, MANAGING DIRECTOR, PineCrest Healthcare Ltd.
    user

    The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services

    Yukihiko Adachi CEO, Deep Blue, LLC.

    Reason to Buy

    • Informed Decision-Making
    • Understanding Market Dynamics
    • Competitive Analysis
    • Customer Insights
    • Market Forecasts
    • Risk Mitigation
    • Strategic Planning
    • Investment Justification
    • Identifying Emerging Markets
    • Enhancing Marketing Strategies
    • Boosting Operational Efficiency
    • Tracking Industry Innovations
    • Aligning with Regulatory Trends
    Your Key Concerns Addressed - Question & Answer
    Can I view a sample of the report before purchasing?

    Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.

    Is analyst support included with the purchase?

    Absolutely — analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.

    What are the next steps once I place an order?

    Once your order is successfully placed, you will receive a confirmation email along with your invoice.

    • For published reports: You’ll receive access to the report within 4–6 working hours via a secured email sent to your email.
    • For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.

    Can the report be tailored to suit my specific needs?

    We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and we’ll be happy to provide a customized proposal or scope.

    In what format is the report delivered?

    The report is available in either PDF format or as an Excel dataset, depending on the license you choose.

    The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
    Please review the license options at checkout or contact us to confirm which formats are included with your purchase.

    How secure is the payment process on your platform?

    Our payment process is fully secure and PCI-DSS compliant.

    We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
    You can make your purchase with confidence, knowing your personal and financial information is safe with us.

    Do you provide special pricing for buying multiple reports?

    Yes, we do offer special pricing for bulk purchases.
    If you're interested in purchasing multiple reports, we’re happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports you’re considering, and we’ll share a personalized quote.

    Can I connect with your team to discuss the report before buying?

    Yes, absolutely.
    Our team is available to help you make an informed decision. Whether you have questions about the report’s scope, methodology, customization options, or which license suits you best, we’re here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.

    Will I get a billing invoice upon purchase?

    Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
    If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and we’ll be happy to assist.

    Is there support available if I can’t access my report?

    Yes, certainly.
    If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and we’ll ensure the issue is resolved quickly so you can access your report without interruption.

    Our Clients
    Thermoset Composites Market
    Connect With Expert
    The List of Companies

    1. Chongqing Polycomp International Corporation2. Hexcel Corporation3. Huntsman International LLC.4. JEC Group5. Mitsubishi Chemical Corporation6. Owens Corning7. PPG Industries Inc.8. SGL Carbon9. Teijin Limited10. Toray Industries Inc.
    Sales Assistance
    US: +1-646-491-9876
    UK: +44-20-8125-4005
    Email: sales@theinsightpartners.com
    Chat with us
    DUNS Logo
    87-673-9708
    ISO Certified Logo
    ISO 9001:2015
    ISO Certified Logo