The global market for Thermoset Composites was estimated at US$66.3 Billion in 2024 and is projected to reach US$96.9 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Thermoset Composites market. 
In the aerospace industry, thermoset composites are critical for the manufacture of aircraft components such as wings, fuselage sections, and interior parts. Their high strength-to-weight ratio helps reduce overall aircraft weight, leading to improved fuel efficiency and reduced emissions. The automotive sector also benefits from these materials in the production of lightweight and durable components that enhance vehicle performance and safety. In construction, thermoset composites are used in applications ranging from bridges and building facades to pipelines and storage tanks, owing to their resistance to corrosion and environmental wear. The marine industry leverages these materials for boat hulls and offshore structures, where durability and resistance to harsh sea conditions are paramount.
The growth in the thermoset composites market is driven by several factors, including technological advancements, increasing demand in end-use industries, and evolving consumer preferences. Technological innovations, such as improved resin formulations and advanced manufacturing processes like resin transfer molding and pultrusion, are enhancing the performance and cost-effectiveness of thermoset composites. The rising demand from the aerospace and automotive industries, driven by the need for fuel-efficient and lightweight materials, is a significant growth driver. In construction, the push for sustainable and long-lasting materials is boosting the adoption of thermoset composites. Additionally, consumer preferences for durable, high-performance products are influencing market trends, particularly in the automotive and sporting goods sectors. The expansion of renewable energy projects, such as wind energy, where thermoset composites are used for turbine blades, also contributes to market growth. As industries continue to seek materials that offer superior performance and longevity, the demand for thermoset composites is expected to rise, spurring further advancements and applications in various fields.
Global Thermoset Composites Market - Key Trends & Drivers Summarized
Thermoset composites are advanced materials made from a polymer matrix reinforced with fibers, such as glass, carbon, or aramid. These composites are known for their excellent mechanical properties, including high strength-to-weight ratios, thermal stability, and resistance to environmental degradation. Unlike thermoplastics, thermoset composites do not melt when heated; instead, they undergo a curing process that creates a permanent chemical bond, giving them their characteristic rigidity and durability. Common thermosetting resins include epoxy, polyester, and vinyl ester, each chosen for specific performance attributes. These materials are widely used in various industries, including aerospace, automotive, construction, and marine, where they contribute to lightweight, high-performance structures.In the aerospace industry, thermoset composites are critical for the manufacture of aircraft components such as wings, fuselage sections, and interior parts. Their high strength-to-weight ratio helps reduce overall aircraft weight, leading to improved fuel efficiency and reduced emissions. The automotive sector also benefits from these materials in the production of lightweight and durable components that enhance vehicle performance and safety. In construction, thermoset composites are used in applications ranging from bridges and building facades to pipelines and storage tanks, owing to their resistance to corrosion and environmental wear. The marine industry leverages these materials for boat hulls and offshore structures, where durability and resistance to harsh sea conditions are paramount.
The growth in the thermoset composites market is driven by several factors, including technological advancements, increasing demand in end-use industries, and evolving consumer preferences. Technological innovations, such as improved resin formulations and advanced manufacturing processes like resin transfer molding and pultrusion, are enhancing the performance and cost-effectiveness of thermoset composites. The rising demand from the aerospace and automotive industries, driven by the need for fuel-efficient and lightweight materials, is a significant growth driver. In construction, the push for sustainable and long-lasting materials is boosting the adoption of thermoset composites. Additionally, consumer preferences for durable, high-performance products are influencing market trends, particularly in the automotive and sporting goods sectors. The expansion of renewable energy projects, such as wind energy, where thermoset composites are used for turbine blades, also contributes to market growth. As industries continue to seek materials that offer superior performance and longevity, the demand for thermoset composites is expected to rise, spurring further advancements and applications in various fields.
SCOPE OF STUDY:
The report analyzes the Thermoset Composites market in terms of units by the following Segments, and Geographic Regions/Countries:- Segments: Resin Type (Epoxy, Polyester, Other Resin Types); Fiber Type (Glass, Other Fiber Types); Application (Transportation / Automotive, Wind Energy, Construction, Aerospace & Defense, Marine, Sporting Goods, Other Applications)
- Geographic Regions/Countries: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Epoxy segment, which is expected to reach US$42.6 Billion by 2030 with a CAGR of a 7.2%. The Polyester segment is also set to grow at 6.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $11.6 Billion in 2024, and China, forecasted to grow at an impressive 7.8% CAGR to reach $18.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Thermoset Composites Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Thermoset Composites Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Thermoset Composites Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Accurate Plastics Inc., Advanced Composite Structures Australia Pty Ltd, AGY Holding Corp., Arkema S.A., Avient Corporation and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 71 companies featured in this Thermoset Composites market report include:
- Accurate Plastics Inc.
- Advanced Composite Structures Australia Pty Ltd
- AGY Holding Corp.
- Arkema S.A.
- Avient Corporation
- China Jushi Co., Ltd.
- Hexcel Corporation
- Hexion Inc.
- Huntsman International LLC.
- JEC Group
- Johns Manville Corporation
- KINECO - KAMAN
- Lingol Corporation
- Mar-Bal, Inc.
- Mitsubishi Chemical Corporation
- Owens Corning
- Plasan Carbon Composites
- PPG Industries, Inc.
- Reliance Industries Limited.
- SGL Carbon SE
- Solvay S.A.
- Teijin Limited
- Toray Advanced Composites
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISFRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPEAUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTAFRICAIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
ASIA-PACIFIC
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 560 |
| Published | June 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 66.3 Billion |
| Forecasted Market Value ( USD | $ 96.9 Billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
