| Product Code: ETC13403267 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Thermoset Composites Market was valued at USD 49.2 Billion in 2024 and is expected to reach USD 72.4 Billion by 2031, growing at a compound annual growth rate of 6.70% during the forecast period (2025-2031).
The global thermoset composites market is experiencing steady growth driven by the increasing demand for lightweight and high-performance materials across various industries such as aerospace, automotive, and construction. Thermoset composites offer excellent strength-to-weight ratio, corrosion resistance, and thermal stability, making them ideal for applications requiring durability and design flexibility. The market is also benefiting from the growing focus on sustainability and the need for eco-friendly materials. Key players in the global thermoset composites market are investing in research and development to innovate new products with enhanced properties and performance characteristics. Asia-Pacific region is witnessing significant growth in the thermoset composites market due to the rapid industrialization and infrastructure development in countries like China and India. Overall, the market is expected to continue its growth trajectory in the coming years.
The Global Thermoset Composites Market is witnessing several key trends and opportunities. One major trend is the increasing demand for lightweight and high-performance materials in industries such as aerospace, automotive, and construction, driving the adoption of thermoset composites. The market is also benefiting from the growing focus on sustainability, as thermoset composites offer advantages such as durability, corrosion resistance, and recyclability. Opportunities lie in the development of innovative products with enhanced properties, such as improved strength-to-weight ratios and fire resistance. Additionally, the expanding applications of thermoset composites in emerging sectors like wind energy and sports equipment present avenues for market growth. Overall, the Global Thermoset Composites Market is poised for expansion driven by technological advancements and the shift towards eco-friendly materials.
The Global Thermoset Composites Market faces several challenges, including high manufacturing costs due to the complex production processes and raw material expenses, which can hinder market growth. Another challenge is the limited design flexibility compared to thermoplastic composites, making it less attractive for industries requiring intricate shapes and structures. In addition, the environmental impact of thermoset composites, particularly their non-recyclability and difficulty in disposal, has raised sustainability concerns among consumers and regulatory bodies. Furthermore, the market is also impacted by the volatility of raw material prices and the need for skilled labor to handle the specialized manufacturing techniques involved in thermoset composites production. Overcoming these challenges will be crucial for the sustained growth and adoption of thermoset composites in various industries.
The Global Thermoset Composites Market is primarily driven by the increasing demand from industries such as aerospace, automotive, and construction due to their superior properties like high strength-to-weight ratios, corrosion resistance, and thermal stability. The growing need for lightweight materials to improve fuel efficiency and reduce carbon emissions in the transportation sector is a key factor driving the market. Additionally, the expanding wind energy sector, where thermoset composites are used in turbine blades for their durability and performance, is boosting the market growth. Technological advancements in manufacturing processes and the development of new resin systems with enhanced properties are also contributing to the market expansion. Overall, the increasing need for high-performance materials in various end-use industries is fueling the growth of the Global Thermoset Composites Market.
Government policies related to the Global Thermoset Composites Market often focus on regulations surrounding environmental impact, worker safety, and product quality standards. These policies vary by region but generally aim to promote sustainable manufacturing practices, encourage innovation in composite materials, and ensure compliance with industry-specific regulations. For example, in the United States, government agencies like the Environmental Protection Agency (EPA) and Occupational Safety and Health Administration (OSHA) oversee regulations related to emissions, waste disposal, and worker health and safety in the composite manufacturing industry. In the European Union, regulations such as REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) aim to regulate the use of chemicals in composite materials to protect human health and the environment. Overall, government policies play a crucial role in shaping the regulatory landscape for the thermoset composites market globally.
The Global Thermoset Composites Market is expected to witness significant growth in the coming years, driven by increasing demand from industries such as automotive, aerospace, construction, and wind energy. The market is projected to expand due to the superior properties of thermoset composites, including high strength-to-weight ratio, corrosion resistance, and durability. Technological advancements in manufacturing processes and material innovations are further fueling market growth. Additionally, the rising focus on lightweight and sustainable materials to reduce carbon emissions is driving the adoption of thermoset composites in various applications. With ongoing research and development activities aimed at enhancing performance characteristics and reducing production costs, the future outlook for the Global Thermoset Composites Market appears promising.
The global thermoset composites market is witnessing growth across all regions, with Asia Pacific leading the market due to the rapid industrialization and infrastructure development in countries like China and India. North America and Europe are also key regions in the thermoset composites market, driven by the automotive and aerospace industries. The Middle East and Africa region is experiencing steady growth with increasing construction activities and investment in renewable energy projects. In Latin America, the thermoset composites market is expanding due to the growing demand from sectors such as transportation and construction. Overall, the global thermoset composites market is projected to continue its growth trajectory across all regions, driven by the increasing adoption of lightweight and high-performance materials in various industries.
Global Thermoset Composites Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Thermoset Composites Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Thermoset Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Global Thermoset Composites Market - Industry Life Cycle |
3.4 Global Thermoset Composites Market - Porter's Five Forces |
3.5 Global Thermoset Composites Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Thermoset Composites Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
3.7 Global Thermoset Composites Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.8 Global Thermoset Composites Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.9 Global Thermoset Composites Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
4 Global Thermoset Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Thermoset Composites Market Trends |
6 Global Thermoset Composites Market, 2021 - 2031 |
6.1 Global Thermoset Composites Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Thermoset Composites Market, Revenues & Volume, By Lay-Up, 2021 - 2031 |
6.1.3 Global Thermoset Composites Market, Revenues & Volume, By Filament Winding, 2021 - 2031 |
6.1.4 Global Thermoset Composites Market, Revenues & Volume, By Injection Molding, 2021 - 2031 |
6.1.5 Global Thermoset Composites Market, Revenues & Volume, By Pultrusion, 2021 - 2031 |
6.2 Global Thermoset Composites Market, Revenues & Volume, By Fiber Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Thermoset Composites Market, Revenues & Volume, By Glass, 2021 - 2031 |
6.2.3 Global Thermoset Composites Market, Revenues & Volume, By Carbon, 2021 - 2031 |
6.3 Global Thermoset Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Thermoset Composites Market, Revenues & Volume, By Polyester, 2021 - 2031 |
6.3.3 Global Thermoset Composites Market, Revenues & Volume, By Epoxy, 2021 - 2031 |
6.3.4 Global Thermoset Composites Market, Revenues & Volume, By Vinyl Ester, 2021 - 2031 |
6.4 Global Thermoset Composites Market, Revenues & Volume, By End-Use Industry, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Thermoset Composites Market, Revenues & Volume, By Transportation, 2021 - 2031 |
6.4.3 Global Thermoset Composites Market, Revenues & Volume, By Aerospace & Defense, 2021 - 2031 |
6.4.4 Global Thermoset Composites Market, Revenues & Volume, By Sporting Goods, 2021 - 2031 |
6.4.5 Global Thermoset Composites Market, Revenues & Volume, By Wind Energy, 2021 - 2031 |
6.4.6 Global Thermoset Composites Market, Revenues & Volume, By Construction & Infrastructure, 2021 - 2031 |
6.4.7 Global Thermoset Composites Market, Revenues & Volume, By Pipe & Tank, 2021 - 2031 |
6.4.8 Global Thermoset Composites Market, Revenues & Volume, By Marine, 2021 - 2031 |
6.4.9 Global Thermoset Composites Market, Revenues & Volume, By Electrical & Electronics, 2021 - 2031 |
7 North America Thermoset Composites Market, Overview & Analysis |
7.1 North America Thermoset Composites Market Revenues & Volume, 2021 - 2031 |
7.2 North America Thermoset Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Thermoset Composites Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Thermoset Composites Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Thermoset Composites Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Thermoset Composites Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
7.4 North America Thermoset Composites Market, Revenues & Volume, By Fiber Type, 2021 - 2031 |
7.5 North America Thermoset Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
7.6 North America Thermoset Composites Market, Revenues & Volume, By End-Use Industry, 2021 - 2031 |
8 Latin America (LATAM) Thermoset Composites Market, Overview & Analysis |
8.1 Latin America (LATAM) Thermoset Composites Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Thermoset Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Thermoset Composites Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Thermoset Composites Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Thermoset Composites Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Thermoset Composites Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Thermoset Composites Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
8.4 Latin America (LATAM) Thermoset Composites Market, Revenues & Volume, By Fiber Type, 2021 - 2031 |
8.5 Latin America (LATAM) Thermoset Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
8.6 Latin America (LATAM) Thermoset Composites Market, Revenues & Volume, By End-Use Industry, 2021 - 2031 |
9 Asia Thermoset Composites Market, Overview & Analysis |
9.1 Asia Thermoset Composites Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Thermoset Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Thermoset Composites Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Thermoset Composites Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Thermoset Composites Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Thermoset Composites Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Thermoset Composites Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
9.4 Asia Thermoset Composites Market, Revenues & Volume, By Fiber Type, 2021 - 2031 |
9.5 Asia Thermoset Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
9.6 Asia Thermoset Composites Market, Revenues & Volume, By End-Use Industry, 2021 - 2031 |
10 Africa Thermoset Composites Market, Overview & Analysis |
10.1 Africa Thermoset Composites Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Thermoset Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Thermoset Composites Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Thermoset Composites Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Thermoset Composites Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Thermoset Composites Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Thermoset Composites Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
10.4 Africa Thermoset Composites Market, Revenues & Volume, By Fiber Type, 2021 - 2031 |
10.5 Africa Thermoset Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
10.6 Africa Thermoset Composites Market, Revenues & Volume, By End-Use Industry, 2021 - 2031 |
11 Europe Thermoset Composites Market, Overview & Analysis |
11.1 Europe Thermoset Composites Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Thermoset Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Thermoset Composites Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Thermoset Composites Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Thermoset Composites Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Thermoset Composites Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Thermoset Composites Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
11.4 Europe Thermoset Composites Market, Revenues & Volume, By Fiber Type, 2021 - 2031 |
11.5 Europe Thermoset Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
11.6 Europe Thermoset Composites Market, Revenues & Volume, By End-Use Industry, 2021 - 2031 |
12 Middle East Thermoset Composites Market, Overview & Analysis |
12.1 Middle East Thermoset Composites Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Thermoset Composites Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Thermoset Composites Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Thermoset Composites Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Thermoset Composites Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Thermoset Composites Market, Revenues & Volume, By Manufacturing Process, 2021 - 2031 |
12.4 Middle East Thermoset Composites Market, Revenues & Volume, By Fiber Type, 2021 - 2031 |
12.5 Middle East Thermoset Composites Market, Revenues & Volume, By Resin Type, 2021 - 2031 |
12.6 Middle East Thermoset Composites Market, Revenues & Volume, By End-Use Industry, 2021 - 2031 |
13 Global Thermoset Composites Market Key Performance Indicators |
14 Global Thermoset Composites Market - Export/Import By Countries Assessment |
15 Global Thermoset Composites Market - Opportunity Assessment |
15.1 Global Thermoset Composites Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Thermoset Composites Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
15.3 Global Thermoset Composites Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
15.4 Global Thermoset Composites Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
15.5 Global Thermoset Composites Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
16 Global Thermoset Composites Market - Competitive Landscape |
16.1 Global Thermoset Composites Market Revenue Share, By Companies, 2024 |
16.2 Global Thermoset Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |