Market Size of Thermoset Composites Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 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 |
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Thermoset Composites Market Analysis
The global thermoset composites market is expected to grow at with a CAGR greater than 6% during the forecast period. One of the major factors driving the market is the increasing demand from aerospace industry. However, high cost of thermoset composites is hindering the growth of the market studied.
- 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.
