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Composite Resin Market Share

Report ID: GMI6157
Published Date: Jul 2023
Report Format: PDF

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Composite Resin Market Share

Hexcel Corporation
Owens Corning
Hexion Inc
AOC LLC
Ashland Global Holdings Inc
Solvay S.A
Huntsman Corporation
BASF SE
Sika AG,
Mitsubishi Chemical Corporation

are the key players operating in the composite resin market. These participants concentrate on strategic partnerships, new product launches, and commercialization efforts for market expansion. They heavily invest in research to launch advanced products and garner maximum market revenue.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of composite resin was valued at around USD 23 billion in 2022 and is predicted to reach USD 31 billion by 2032 as they are ideal for uses in the manufacturing of aircraft interiors, structural parts, and engine components to enhance the overall vehicle performance.

The glass fiber segment held around 40% of the composite resin market share in 2022, owing to the ability of fiberglass reinforcement to offer a good strength-to-weight ratio, making it appropriate for applications that need low-weight & robust materials.

U.S. dominated North America composite resin market with a revenue share of USD 12.42 billion in 2022, attributed to the thriving aerospace sector in the region with the presence of major aircraft manufacturers and defense contractors.

Hexcel Corporation, Owens Corning, Hexion Inc., AOC LLC, Ashland Global Holdings Inc., Solvay S.A., Huntsman Corporation, BASF SE, Sika AG, and Mitsubishi Chemical Corporation.