Thermoset Resin Composites

Thermoset Resin Composites Market Outlook

The global thermoset resin composites market is projected to reach approximately USD 40 billion by 2035, growing at a CAGR of around 6.5% between 2025 and 2035. This robust growth is primarily driven by the increasing demand for lightweight and high-performance materials in various end-use industries, especially automotive and aerospace. Additionally, the rise in renewable energy initiatives, particularly in wind energy, is fueling the adoption of thermoset resin composites for their superior mechanical properties and durability. The ongoing technological advancements in manufacturing processes further support market growth by enhancing production efficiency and lowering costs, making these composites more accessible for diverse applications. Furthermore, stringent regulations encouraging the use of sustainable materials are likely to provide new avenues for the thermoset resin composites market, positioning it for ongoing expansion in the coming years.

Growth Factor of the Market

The growth of the thermoset resin composites market can be attributed to several key factors. Firstly, the automotive industry's shift towards lightweight materials to improve fuel efficiency and reduce emissions is driving the demand for thermoset composites. These materials offer an excellent strength-to-weight ratio, which is essential for enhancing vehicle performance. Secondly, in the aerospace sector, the need for high-performance materials that can withstand extreme conditions and maintain structural integrity is propelling the use of thermoset resin composites. Additionally, the construction industry is increasingly incorporating these composites for their durability, resistance to corrosion, and fire-retardant properties, further bolstering market growth. Moreover, the rising awareness and implementation of green building practices are promoting the use of sustainable materials, including thermoset composites. Lastly, research and development efforts aimed at improving the properties of thermoset composites, such as better thermal and chemical resistance, are paving the way for their broader applications.

Key Highlights of the Market

• The market is projected to reach USD 40 billion by 2035.
• Automotive and aerospace sectors are the largest consumers of thermoset resin composites.
• Technological advancements are enhancing the manufacturing processes and efficiency of composites.
• The demand for lightweight materials in renewable energy applications is on the rise.
• Research and development efforts are focused on improving composite properties for various applications.

By Product Type

Epoxy Composites:

Epoxy composites are widely recognized for their exceptional mechanical strength and excellent adhesion properties. These composites are particularly favored in applications where high thermal stability and chemical resistance are necessary. Their low viscosity allows for easy processing and curing, making them ideal for intricate designs, especially in the aerospace and automotive sectors. The versatility of epoxy composites also extends to electrical and electronics applications due to their superior insulating properties. Moreover, advancements in epoxy formulations are continuously improving their performance, fostering greater acceptance in various industries and contributing significantly to market growth.

Polyester Composites:

Polyester composites are known for their cost-effectiveness and ease of processing, making them a popular choice in various industries. These composites offer good mechanical properties and corrosion resistance, which makes them suitable for applications in automotive, construction, and marine sectors. The ability of polyester composites to be produced in large quantities at a lower cost compared to other types of thermoset composites gives them a significant market advantage. Additionally, the introduction of unsaturated polyester resins has further expanded their application scope, particularly in the manufacturing of fiberglass-reinforced products, thereby enhancing their market position.

Vinyl Ester Composites:

Vinyl ester composites are increasingly utilized for their impressive strength, durability, and resistance to harsh environmental conditions. They are particularly effective in applications requiring superior corrosion resistance, such as in chemical storage tanks and pipelines. Vinyl ester composites bridge the gap between epoxy and polyester composites, offering a combination of benefits from both. The growing demand for high-performance materials in industries like transportation, infrastructure, and marine is driving the vinyl ester segment's growth in the thermoset resin composites market. Ongoing research into improving vinyl ester formulations is expected to further enhance their applicability and performance.

Phenolic Composites:

Phenolic composites are distinguished by their excellent thermal stability, fire resistance, and low smoke emissions, making them an ideal choice for applications in aerospace and automotive industries where fire safety is paramount. These composites exhibit outstanding mechanical properties and resistance to heat and chemicals, thereby ensuring their durability in extreme environments. The growing emphasis on fire-retardant materials in construction and transportation sectors is promoting the adoption of phenolic composites. Furthermore, innovations in phenolic resin formulations are likely to expand their usage across various industries, contributing to market growth.

Polyurethane Composites:

Polyurethane composites are known for their flexibility, toughness, and resistance to abrasion. They are widely employed in applications ranging from automotive components to footwear manufacturing due to their versatile performance characteristics. The ability to tailor the mechanical and thermal properties of polyurethane composites allows for their application in a diverse range of industries. Additionally, their lightweight nature presents opportunities in sectors looking to enhance energy efficiency. The rise of the construction and automotive industries, combined with advancements in polyurethane chemistry, is expected to further propel this segment's growth within the thermoset resin composites market.

By Application

Automotive:

The automotive sector is one of the largest consumers of thermoset resin composites, driven by the industry's need for lightweight materials to improve fuel efficiency and reduce emissions. Thermoset composites are utilized in various automotive components, including body panels, interior parts, and structural components due to their excellent mechanical properties and resistance to corrosion. As electric and hybrid vehicles gain traction, the demand for high-performance materials that can withstand higher temperatures and stresses increases, further boosting the importance of thermoset composites in this sector. The continuous push for innovative automotive designs and lightweight solutions supports the ongoing growth of this application segment.

Aerospace:

The aerospace industry demands materials that exhibit high strength-to-weight ratios and can perform under extreme conditions, making thermoset resin composites an ideal choice. These materials are used in various structural and non-structural applications within aircraft, including fuselage components, wings, and interior parts. The ongoing advancements in aerospace technology and the focus on reducing aircraft weight to enhance fuel efficiency are key factors driving the adoption of thermoset composites. Furthermore, stringent safety regulations and the need for materials that can withstand high temperatures and pressures propel the growth of this segment significantly.

Construction:

In the construction industry, thermoset resin composites are increasingly being utilized for their durability, corrosion resistance, and lightweight nature, making them suitable for various applications. These materials are employed in building facades, structural components, and in the production of prefabricated structures. The rising trend of sustainable and eco-friendly building practices promotes the adoption of thermoset composites, as they contribute to energy efficiency and lower maintenance costs. Additionally, the growing demand for innovative construction solutions, along with urbanization and infrastructure development initiatives, is expected to further enhance the market for thermoset composites in this sector.

Electrical & Electronics:

The electrical and electronics sector is leveraging the benefits of thermoset resin composites for their excellent insulating properties, thermal stability, and resistance to chemicals. These materials are extensively used in manufacturing circuit boards, housings, and other components that require superior electrical insulation. With the rapid advancements in technology and the trend towards miniaturization of electronic devices, the demand for high-performance composites that can meet stringent performance requirements is on the rise. The shift towards renewable energy sources, such as solar panels, is also driving the need for thermoset composites in electrical applications, thereby contributing to market growth.

Wind Energy:

The wind energy sector is increasingly utilizing thermoset resin composites for the production of turbine blades and other components due to their lightweight and high-strength properties. As the world moves towards renewable energy solutions, the need for efficient and durable materials for wind turbine construction is paramount. Thermoset composites offer excellent resistance to environmental factors such as UV radiation and moisture, ensuring the longevity and performance of wind energy systems. The global push for sustainable energy solutions and the growth of the renewable energy sector are expected to significantly drive demand for thermoset resin composites in this application area.

By Manufacturing Process

Compression Molding:

Compression molding is a widely used manufacturing process in the production of thermoset resin composites, characterized by its ability to produce complex shapes and sizes efficiently. This process involves placing a pre-measured amount of thermoset material into a heated mold cavity, which is then closed, applying pressure to allow the material to flow and cure. Compression molding offers several advantages, including lower tooling costs and reduced material waste compared to other methods. Its suitability for high-volume production and the ability to work with various thermoset materials make it a popular choice across industries, particularly in automotive and consumer goods.

Resin Transfer Molding:

Resin transfer molding (RTM) is a sophisticated manufacturing process that allows for the production of high-quality thermoset resin composites with excellent surface finishes. In this technique, dry fiber reinforcement is placed in a closed mold, and liquid resin is introduced under pressure, ensuring thorough impregnation of the fibers. RTM is particularly advantageous for producing complex geometries and large parts, commonly used in aerospace and automotive applications. The process minimizes emissions and waste, making it a more environmentally friendly option. Furthermore, the ability to control the resin flow and fiber orientation enables manufacturers to optimize the mechanical properties of the final product.

Lay-Up:

The lay-up process, particularly hand lay-up and spray-up, is a popular method for manufacturing thermoset resin composites, especially for large and complex structures. In this technique, layers of resin-impregnated fabric or mat are manually or mechanically laid into a mold. The simplicity and low cost of the lay-up method make it accessible for small-scale production and custom applications, such as boats and aerospace components. The process allows for flexibility in design and material selection, enabling manufacturers to tailor composite properties to specific requirements. However, it can be labor-intensive and may require skilled labor to ensure product quality.

Filament Winding:

Filament winding is an advanced manufacturing technique primarily used for producing cylindrical and spherical thermoset resin composite structures. In this process, continuous strands of fiber are tensioned and wound around a rotating mandrel, followed by the application of resin. Filament winding is known for producing high-strength composite parts with excellent dimensional accuracy and structural integrity. This method is widely applied in industries such as aerospace, automotive, and pressure vessels. The ability to control fiber orientation and layer thickness allows for the customization of mechanical properties, making filament winding a preferred choice for high-performance applications.

Pultrusion:

Pultrusion is a continuous manufacturing process that allows for the production of uniform cross-sectional shapes of thermoset resin composites. In this technique, raw materials such as fiber reinforcements and resin are pulled through a heated die, where they are cured into a solid composite profile. Pultrusion is known for its efficiency and ability to produce long lengths of composite materials with consistent quality. This method is commonly used for manufacturing structural components in construction and electrical applications. The high production rates and ability to produce complex shapes make pultrusion a vital process in the thermoset resin composites market.

By Fiber Type

Glass Fiber:

Glass fiber is one of the most widely used reinforcement materials in thermoset resin composites due to its excellent strength, durability, and cost-effectiveness. Glass fiber composites offer good mechanical properties and resistance to moisture, making them suitable for various applications, including automotive parts, building materials, and consumer goods. The versatility of glass fibers allows for the production of composites with different strengths and weights, catering to specific industry needs. Furthermore, the ongoing innovations in glass fiber technology are enhancing the performance and application scope of glass fiber-reinforced composites, driving their demand in the market.

Carbon Fiber:

Carbon fiber is renowned for its exceptional strength-to-weight ratio and stiffness, making it an ideal choice for high-performance thermoset resin composites. These composites are extensively used in the aerospace and automotive industries, where reducing weight while maintaining structural integrity is crucial. Carbon fiber composites also exhibit excellent thermal and chemical resistance, broadening their application in various sectors. The continuous advancements in carbon fiber production techniques are lowering costs and expanding their adoption in consumer markets. While currently a premium choice, the increasing availability of carbon fiber composites is expected to significantly influence market dynamics.

Aramid Fiber:

Aramid fiber, known for its outstanding strength and resistance to impact and abrasion, is increasingly being incorporated into thermoset resin composites, especially in applications requiring high durability. These composites are commonly used in protective gear, automotive components, and aerospace structures where safety and performance are paramount. The unique properties of aramid fiber composites make them suitable for applications in high-stress environments, enhancing their market appeal. As safety regulations tighten and demand for high-performance materials grows, the aramid fiber segment within the thermoset resin composites market is poised for significant growth.

Natural Fiber:

Natural fibers are gaining popularity in the thermoset resin composites market due to their sustainability and eco-friendly characteristics. These fibers, such as jute, hemp, and flax, offer good mechanical properties and are lightweight, making them suitable for applications in automotive interiors, packaging, and building materials. As the demand for green materials increases in various industries, natural fiber composites are emerging as a viable alternative to synthetic fibers. The ongoing research aimed at enhancing the compatibility of natural fibers with thermoset resins is expected to broaden their application scope and drive market growth.

By Region

The thermoset resin composites market demonstrates notable regional variations, with North America leading in demand owing to the strong presence of key end-user industries such as automotive, aerospace, and construction. The North American market is projected to grow at a CAGR of approximately 6% over the next decade, fueled by ongoing technological advancements and the increasing adoption of lightweight materials. Additionally, the strong focus on renewable energy initiatives in the region is further driving the consumption of thermoset composites in wind energy applications. Europe follows closely behind, showcasing robust growth driven by stringent regulations for emission reductions and a significant shift towards sustainable materials in construction and automotive sectors.

In the Asia Pacific region, the thermoset resin composites market is witnessing rapid expansion, primarily due to the growing industrialization and urbanization across countries like China and India. The automotive and construction sectors in these countries are increasingly adopting thermoset composites, resulting in substantial market growth. Projections indicate that the Asia Pacific market could exhibit a CAGR of over 7% during the forecast period, as manufacturers seek efficient and high-performance materials to cater to the burgeoning demand. Latin America and the Middle East & Africa are also showing promising growth trends, albeit at a slower pace, as these regions gradually adopt advanced materials in construction and renewable energy projects.

Opportunities

The thermoset resin composites market is ripe with opportunities, particularly driven by the increasing demand for lightweight materials across multiple industries. As global initiatives focus on enhancing fuel efficiency and reducing carbon footprints, the automotive and aerospace sectors are actively seeking innovative composite solutions to meet these challenges. Additionally, the expansion of renewable energy applications, especially in wind energy, is creating a growing market for thermoset composites, which can provide the necessary durability and strength for turbine components. Furthermore, the continuous development of bio-based thermoset resins presents an avenue for environmental sustainability, catering to the rising consumer demand for eco-friendly materials, thereby opening new market segments for manufacturers.

The ongoing advancements in manufacturing processes and technology are also fostering significant opportunities for market players. Innovations such as automated manufacturing techniques and improved composite formulations are enhancing production efficiency and reducing costs, making thermoset resin composites more competitive against traditional materials. Moreover, as industries continue to emphasize customization and tailored solutions, manufacturers can explore new applications and niche markets by developing specialized composites designed to meet specific performance requirements. These trends highlight the potential for growth within the thermoset resin composites market, paving the way for both established and new entrants to innovate and capture market share.

Threats

Despite the promising outlook for the thermoset resin composites market, several threats could hinder its growth trajectory. One significant challenge is the volatility in raw material prices, particularly for epoxy and polyester resins, which can impact production costs and profitability. Fluctuations in the supply chain, exacerbated by geopolitical tensions and trade disputes, may further complicate sourcing materials for manufacturers. Additionally, competition from alternative materials, such as thermoplastics and metals, poses a threat to market expansion, as industries may opt for more cost-effective or easier-to-process options. The continuous push for innovation in composite materials requires significant investment in research and development, which could strain the resources of smaller companies, making it difficult for them to compete against larger, more established players.

Another critical threat arises from environmental regulations and sustainability concerns surrounding the manufacturing processes of thermoset composites. As governments worldwide implement stricter regulations to curb environmental impact, manufacturers may face increased scrutiny regarding emissions and waste management. This could lead to higher compliance costs and necessitate changes in production methods, potentially affecting overall market dynamics. Furthermore, with the growing emphasis on circular economy practices, the challenge of recycling thermoset composites, which are traditionally more difficult to process than thermoplastics, could pose restrictions on their long-term viability in an increasingly sustainability-focused marketplace. These factors collectively represent substantial challenges that market participants must navigate to secure growth.

Competitor Outlook

• Hexcel Corporation
• Toray Industries, Inc.
• Huntsman Corporation
• Royal DSM N.V.
• Solvay S.A.
• BASF SE
• Owens Corning
• Gurit Holding AG
• TenCate Advanced Composites
• 3M Company
• DuPont de Nemours, Inc.
• Teijin Limited
• Fibre Glast Developments Corporation
• SABIC
• Momentive Performance Materials Inc.

The competitive landscape of the thermoset resin composites market is characterized by a mix of established players and emerging companies, all vying for market share in this rapidly evolving industry. Major manufacturers are focusing on strategic partnerships, acquisitions, and collaborations to enhance their product offerings and expand their geographical reach. For instance, companies like Hexcel Corporation and Toray Industries are investing heavily in research and development to innovate new composite materials that can cater to the increasing demands of end-user industries. Additionally, these companies are actively exploring sustainable manufacturing approaches to align with global trends toward eco-friendly products, which is becoming a key differentiator in the competitive landscape.

Key players such as Huntsman Corporation and Royal DSM N.V. are also focusing on enhancing their production capabilities by adopting advanced technologies like automation and digitalization. This shift not only improves efficiency but also enables these companies to respond quickly to changing market demands and customer preferences. Furthermore, the emphasis on high-performance materials in industries such as aerospace and automotive is driving competition among manufacturers to develop composites that exceed traditional material properties. Companies like Solvay S.A. and BASF SE are leveraging their vast operational expertise and global supply chain networks to capitalize on emerging opportunities in high-growth markets.

Moreover, the entry of new players specializing in niche applications is intensifying competition in the thermoset resin composites market. Firms focusing on natural fiber composites and bio-based resin formulations are gaining traction as sustainability becomes a priority for various industries. This trend presents both challenges and opportunities, as traditional players must adapt to changing consumer preferences while simultaneously contending with innovative newcomers. Ultimately, the competitive dynamics within this market will largely depend on the ability of companies to innovate and adapt to evolving industry standards, technological advancements, and market demands.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 SABIC
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 BASF SE
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 3M Company
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Solvay S.A.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Owens Corning
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Royal DSM N.V.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Teijin Limited
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Gurit Holding AG
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Hexcel Corporation
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Huntsman Corporation
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Toray Industries, Inc.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 DuPont de Nemours, Inc.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 TenCate Advanced Composites
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Fibre Glast Developments Corporation
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Momentive Performance Materials Inc.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Thermoset Resin Composites Market, By Fiber Type
    • 6.1.1 Glass Fiber
    • 6.1.2 Carbon Fiber
    • 6.1.3 Aramid Fiber
    • 6.1.4 Natural Fiber
  • 6.2 Thermoset Resin Composites Market, By Application
    • 6.2.1 Automotive
    • 6.2.2 Aerospace
    • 6.2.3 Construction
    • 6.2.4 Electrical & Electronics
    • 6.2.5 Wind Energy
  • 6.3 Thermoset Resin Composites Market, By Product Type
    • 6.3.1 Epoxy Composites
    • 6.3.2 Polyester Composites
    • 6.3.3 Vinyl Ester Composites
    • 6.3.4 Phenolic Composites
    • 6.3.5 Polyurethane Composites
  • 6.4 Thermoset Resin Composites Market, By Manufacturing Process
    • 6.4.1 Compression Molding
    • 6.4.2 Resin Transfer Molding
    • 6.4.3 Lay-Up
    • 6.4.4 Filament Winding
    • 6.4.5 Pultrusion

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Thermoset Resin Composites Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Thermoset Resin Composites market is categorized based on

By Product Type

• Epoxy Composites
• Polyester Composites
• Vinyl Ester Composites
• Phenolic Composites
• Polyurethane Composites

By Application

• Automotive
• Aerospace
• Construction
• Electrical & Electronics
• Wind Energy

By Manufacturing Process

• Compression Molding
• Resin Transfer Molding
• Lay-Up
• Filament Winding
• Pultrusion

By Fiber Type

• Glass Fiber
• Carbon Fiber
• Aramid Fiber
• Natural Fiber

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Hexcel Corporation
• Toray Industries, Inc.
• Huntsman Corporation
• Royal DSM N.V.
• Solvay S.A.
• BASF SE
• Owens Corning
• Gurit Holding AG
• TenCate Advanced Composites
• 3M Company
• DuPont de Nemours, Inc.
• Teijin Limited
• Fibre Glast Developments Corporation
• SABIC
• Momentive Performance Materials Inc.