Market Size of Long-Fiber Thermoset Composites Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Long Fiber Thermoset Composites Market Analysis
The global long-fiber thermoset composites market is expected to grow at with a CAGR greater than 5% during the forecast period. One of the major factors driving the market is the stringent regulations for carbon emission and uptake of electric vehicles. However, issues with recycling of long-fiber thermoset composites is hindering the growth of the market.
- North America accounts for the highest market share and is expected to dominate the market during the forecast period.
- Among the end-user industries, building & construction accounted for the highest market share and is expected to dominate the market studied during the forecast period.
Long Fiber Thermoset Composites Industry Segmentation
The Long-Fiber Thermoset Composites market report includes:
| Resin Type | |
| Unsaturated Polyester | |
| Epoxy | |
| Vinyl Ester | |
| Others |
| Fiber Type | |
| Glass Fiber | |
| Carbon Fiber |
| End-user Industry | |
| Transportation | |
| Marine | |
| Aerospace | |
| Building & Construction | |
| Wind Energy | |
| Electrical & Electronics | |
| Others |
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Long-Fiber Thermoset Composites Market Size Summary
The long-fiber thermoset composites market is poised for significant growth, driven by stringent carbon emission regulations and the increasing adoption of electric vehicles. Despite challenges related to the recycling of these composites, the market is expected to expand, with North America leading the charge. The region's dominance is largely attributed to the United States, where regulatory measures like the Corporate Average Fuel Economy (CAFE) standards are pushing the automotive industry towards lightweight solutions to enhance fuel efficiency. The building and construction sector emerges as a major end-user, reflecting a robust demand for these composites, particularly those reinforced with carbon fibers. These fibers, known for their high strength-to-weight ratio and stiffness, are predominantly sourced from polyacrylonitrile, with variations in composition based on manufacturer recipes.
The market landscape is moderately fragmented, with several key players such as Advanced Composites, Inc., LANXESS, Celanese Corporation, Lingol Corporation, and SABIC sharing the market space. Carbon fiber composites are favored for their superior strength, making them a popular choice in industries requiring durable and lightweight materials. The market's growth trajectory is supported by federal initiatives promoting advanced composites, especially in automotive applications, which further bolsters North America's leading position. As the demand for high-performance materials continues to rise, the long-fiber thermoset composites market is set to experience sustained expansion over the forecast period.
Long-Fiber Thermoset Composites Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Stringent Regulations for Carbon Emission and uptake of Electric Vehicles
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Issues With Recyling of Long-Fiber Thermoset Composites Market
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1.2.2 Other Restraints
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1.3 Industry Value-chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Resin Type
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2.1.1 Unsaturated Polyester
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2.1.2 Epoxy
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2.1.3 Vinyl Ester
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2.1.4 Others
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2.2 Fiber Type
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2.2.1 Glass Fiber
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2.2.2 Carbon Fiber
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2.3 End-user Industry
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2.3.1 Transportation
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2.3.2 Marine
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2.3.3 Aerospace
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2.3.4 Building & Construction
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2.3.5 Wind Energy
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2.3.6 Electrical & Electronics
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2.3.7 Others
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 ASEAN Countries
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2.4.1.6 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 France
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2.4.3.4 Italy
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2.4.3.5 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East & Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle-East & Africa
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Long-Fiber Thermoset Composites Market Size FAQs
What is the current Long-Fiber Thermoset Composites Market size?
The Long-Fiber Thermoset Composites Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Long-Fiber Thermoset Composites Market?
Advanced Composites, Inc. , LANXESS, Celanese Corporation , Lingol Corporation. and SABIC are the major companies operating in the Long-Fiber Thermoset Composites Market.
