DUBLIN, Nov. 26, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/4j6f84/composite_resin) has announced the addition of the "Composite Resin Market by Resin Type (Thermoset and Thermoplastic), by Manufacturing Process (Layup, Injection Molding, Filament Winding, Pultrusion, Compression Molding, RTM, and Others), by Application & by Region - Global Forecasts to 2020" report to their offering.
The report analyzes the composite resin market in various applications and covers the market demand with respective regions.
This report also includes the leading manufacturers' profiles such Reichhold Inc. (U.S.), Huntsman Corporation (U.S.), The Dow Chemical Company (U.S.), BASF SE (Germany), Polynt SpA (Italy), Hexion Inc. (U.S.), Sumitomo Bakelite Company Ltd. (Japan), and SABIC (Saudi Arabia).
There are number of drivers for the growth of the market including rise in the demand for lightweight materials from the transportation industry to increase the fuel efficiency, growing demand for wind energy as clean energy, and increasing use of composites by Boeing and Airbus in the aerospace industry. Construction & infrastructure, transportation, electricals & electronics, and wind energy industries are the major industries driving the market for composite resin.
In 2013, the global wind energy market increased by around 25% due to the adoption of green energy all over the world. China added 23,350 MW of wind power capacity in 2014, which contributes the most in Asia-Pacific, driving the market in the region. The growing use of composite resin in the transportation industry including rail, high-end cars, medium and heavy duty vehicles etc. is also driving the growth of the market. Both Boeing and Airbus are projecting multibillion dollar markets for new airplanes, where the use of composite resin is projected to increase over the next 20 years.
Composite resins such as PP, PE, and Vinyl Ester are widely used in aerospace & defense, wind, and automotive industries and are now increasing their area of commercial applications in sporting goods, marine, construction & infrastructure, oil & gas, and other applications.
Scope of the Report
Companies Mentioned
- Alpha Owens - Corning - Ashland Inc. - BASF SE - Hexion Inc. - Huntsman Corporation - Kukdo Chemical Co.Ltd. - Polynt SPA - Reichhold LLC - Royal DSM - Saudi Basic Industries Corporation (SABIC) - Scott Bader Company Limited - Sumitomo Bakelite Co.,Ltd - The Dow Chemical Company
For more information visit http://www.researchandmarkets.com/research/4j6f84/composite_resin
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SOURCE Research and Markets
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