Thermoset Composites Market Size and Share
Market Overview
| Study Period | 2019 - 2030 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 6.00% |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players *Disclaimer: Major Players sorted in no particular order |
Thermoset Composites Market Analysis by Mordor Intelligence
The Thermoset Composites Market is expected to register a CAGR of greater than 6% during the forecast period.
- Aerospace Industry accounts for the highest market share and is expected to continue dominating during the forecast period.
- Increasing Investments in the wind energy sector is likely to provide a major growth opportunity for the market studied in the coming years.
- Asia-Pacific accounts for the highest market share and is expected to continue dominating during the forecast period.
Global Thermoset Composites Market Trends and Insights
Aerospace & Defense Industry to Dominate the Market
- There has been a rapid growth in the usage of thermoset composites from the aerospace & defense sector, owing to its requirement in interior components, offering high strength, superior physical properties, and stiffness-to-density ratios.
- Such composites help in the reduction of airframe weight enabling better fuel economy, thereby lowering the overall operational costs.
- Additionally, the increasing R&D and investments in the aerospace sector are expected to boost the demand for thermoset composites.
- The growing manufacturing of aircrafts in countries like United States and Canada is driving the application of thermoset composites in aerospace industry.
- Hence, owing to the above-mentioned factors, the aerospace industry is expected to dominate the market studied during the forecast period.
Asia-pacific to Dominate the Market
- Asia-Pacific is expected to dominate the global thermoset composites market with the maximum share during the forecast period. This is majorly because of the increasing usage in electronics, and construction sector of the emerging economies in the region, including India, China, and ASEAN Countries.
- China is expected to have the largest market in the region due to increasing investments in the electronics sector. Additionally, increasing infrastructural investments in the region are also likely to boost the demand for thermoset composites.
- Additionally, the India construction industry is also witnessing significant growth in the recent past which is likely to boost the demand for thermoset composites in the country.
- Hence, Asia-Pacific is expected to dominate the thermoset composites market due to these factors, over the forecast period.
Competitive Landscape
Market Concentration
The thermoset composites market is moderately fragmented as the market share is divided between many players. Key players in the market include Hexcel Corporation, JEC Group, TEIJIN LMITED, Johns Manville, and Huntsman International LLC, among others.
Thermoset Composites Industry Leaders
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Hexcel Corporation
-
Huntsman International LLC
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JEC Group
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TEIJIN LIMITED.
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Johns Manville.
- *Disclaimer: Major Players sorted in no particular order
Global Thermoset Composites Market Report Scope
The Gobal Thermoset Composites market report include:
| Carbon Fiber |
| Glass Fiber |
| Others |
| Epoxy Resin |
| Phenolic Resin |
| Polyester Resin |
| Polyurethane Resin |
| Vinyl Ester Resin |
| Others |
| Aerospace & Defense |
| Automotive |
| Construction & Infrastructure |
| Electrical & Electronics |
| Marine |
| Pipes & Tanks |
| Transportation |
| Wind Energy |
| Others |
| Asia-Pacific | China |
| India | |
| Japan | |
| South Korea | |
| ASEAN Countries | |
| Rest of Asia-Pacific | |
| North America | United States |
| Canada | |
| Mexico | |
| Europe | Germany |
| United Kingdom | |
| France | |
| Italy | |
| Rest of Europe | |
| South America | Brazil |
| Argentina | |
| Rest of South America | |
| Middle-East & Africa | Saudi Arabia |
| South Africa | |
| Rest of Middle-East & Africa |
| Fiber Type | Carbon Fiber | |
| Glass Fiber | ||
| Others | ||
| Resin Type | Epoxy Resin | |
| Phenolic Resin | ||
| Polyester Resin | ||
| Polyurethane Resin | ||
| Vinyl Ester Resin | ||
| Others | ||
| End-user Industry | Aerospace & Defense | |
| Automotive | ||
| Construction & Infrastructure | ||
| Electrical & Electronics | ||
| Marine | ||
| Pipes & Tanks | ||
| Transportation | ||
| Wind Energy | ||
| Others | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| ASEAN Countries | ||
| Rest of Asia-Pacific | ||
| North America | United States | |
| Canada | ||
| Mexico | ||
| Europe | Germany | |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| South America | Brazil | |
| Argentina | ||
| Rest of South America | ||
| Middle-East & Africa | Saudi Arabia | |
| South Africa | ||
| Rest of Middle-East & Africa | ||
Key Questions Answered in the Report
What is the current Thermoset Composites Market size?
The Thermoset Composites Market is projected to register a CAGR of greater than 6% during the forecast period (2025-2030)
Who are the key players in Thermoset Composites Market?
Hexcel Corporation, Huntsman International LLC, JEC Group, TEIJIN LIMITED. and Johns Manville. are the major companies operating in the Thermoset Composites Market.
Which is the fastest growing region in Thermoset Composites Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Thermoset Composites Market?
In 2025, the Asia Pacific accounts for the largest market share in Thermoset Composites Market.
What years does this Thermoset Composites Market cover?
The report covers the Thermoset Composites Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Thermoset Composites Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Thermoset Composites Market Report
Statistics for the 2025 Thermoset Composites market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Thermoset Composites analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.