NEW YORK, Oct. 28, 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces the Release of the Global Thermoset Composites Industry Report – https://www.reportlinker.com/p06033124/?utm_source=GNW
1% over the analysis period 2020-2027. Epoxy, one of the segments analyzed in the report, is expected to register a CAGR of 8.7% and reach US$30.4 billion by the end of the analysis period. Taking into account the ongoing post-pandemic recovery, growth in the polyester segment is adjusted to a revised annual growth rate of 7.9% for the next 7 years.
The US market is valued at US$9.9 billion while China is forecast to grow at 11.8% CAGR
The US thermoset composites market is valued at US$9.9 billion in 2020. China, the second largest economy in the world, is forecast to reach a projected market size of US$13.3 billion by 2027, at a CAGR of 11.8%. over the analysis period 2020-2027. Other notable geographic markets include Japan and Canada, which are projected to grow 5.1% and 7.5%, respectively, over the period 2020-2027. Within Europe, growth of approx. 5.8% CAGR is forecast for Germany. Led by countries like Australia, India and South Korea, the Asia-Pacific market is expected to reach $8.5 billion by 2027.
Vinyl Ester segment is expected to record 7.3% CAGR
In the global vinyl ester segment, the US, Canada, Japan, China and Europe will drive the 7.3% CAGR estimated for this segment. These regional markets, which collectively account for a market size of US$6.3 billion in 2020, will reach a projected size of US$10 billion by the end of the analysis period. China will remain one of the fastest growing in this cluster of regional markets. Latin America will expand at a CAGR of 8.5% over the analysis period.
Select competitors (total 43 presented) –
AGY Holdings Corp.
carbon mods
Chongqing Polycomp International Corporation
Cytec Industries Inc.
Hexcel Corporation
Hexion Inc.
Huntsman Corporation
Johns Manville Corporation
Jushi Group Co.,Ltd.
Kemrock…
