Long Fiber Thermoset Composites Market Size
| 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 Market Trends
This section covers the major market trends shaping the Long Fiber Thermoset Composites Market according to our research experts:
Carbon Fiber Type to Dominate the Market
- Carbon fibre is the most popular material for producing long fibre thermoset composites especially, where the high composite strength.
- Carbon fibres, also known as graphite fibres, can be based on three chemical sources: polyacrylonitrile (PAN method that is led by Japanese manufacturers), rayon (such as from the Indian manufacturer Grasim) or petroleum pitch. More than 85% of the carbon fibres produced are made from polyacrylonitrile.
- However, the composition varies with each producer according to the recipe of the manufacturers. Carbon fibres are usually grouped according to the modulus band in which their properties fall and are supplied in different forms, from continuous filament tows to chopped fibres and mats.
- The main benefits of carbon fibres include their low density and hence high strength-to-weight ratio and stiffness.
- Hence, owing to the above-mentioned factors, carbon fiber type is expected to dominate the market studied during the forecast period.
North America to Dominate the Market
- North America accounts for the highest share of the market studied currently, with the major demand coming from the United States.
- The Corporate Average Fuel Economy (CAFE) regulations in the United States aims to raise the average fuel efficiency of new cars and vehicles to 54.5 miles per gallon by 2025 to reduce national dependence on oil.
- This regulatory pressure means that the American automotive industry has to use solutions such as light weighting to meet fuel efficiency targets. Recent federal initiatives are also encouraging for advanced composites, including for automotive applications.
- Hence, owing to the above-mentioned factors, North America is expected to dominate the market studied during the forecast period.
Long Fiber Thermoset Composites Industry Overview
The long-fiber thermoset composites market is moderately fragmented as the market share is divided between many players. Key players in the market include Advanced Composites, Inc., LANXESS, Celanese Corporation, Lingol Corporation., and SABIC, among others.
Long Fiber Thermoset Composites Market Leaders
Advanced Composites, Inc.
LANXESS
Celanese Corporation
Lingol Corporation.
SABIC
*Disclaimer: Major Players sorted in no particular order
Long Fiber Thermoset Composites Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Stringent Regulations for Carbon Emission and uptake of Electric Vehicles
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Issues With Recyling of Long-Fiber Thermoset Composites Market
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4.2.2 Other Restraints
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4.3 Industry Value-chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Resin Type
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5.1.1 Unsaturated Polyester
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5.1.2 Epoxy
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5.1.3 Vinyl Ester
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5.1.4 Others
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5.2 Fiber Type
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5.2.1 Glass Fiber
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5.2.2 Carbon Fiber
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5.3 End-user Industry
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5.3.1 Transportation
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5.3.2 Marine
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5.3.3 Aerospace
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5.3.4 Building & Construction
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5.3.5 Wind Energy
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5.3.6 Electrical & Electronics
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5.3.7 Others
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5.4 Geography
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5.4.1 Asia-Pacific
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5.4.1.1 China
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5.4.1.2 India
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5.4.1.3 Japan
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5.4.1.4 South Korea
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5.4.1.5 ASEAN Countries
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5.4.1.6 Rest of Asia-Pacific
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5.4.2 North America
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5.4.2.1 United States
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5.4.2.2 Canada
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5.4.2.3 Mexico
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5.4.3 Europe
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5.4.3.1 Germany
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5.4.3.2 United Kingdom
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5.4.3.3 France
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5.4.3.4 Italy
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5.4.3.5 Rest of Europe
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5.4.4 South America
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5.4.4.1 Brazil
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5.4.4.2 Argentina
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5.4.4.3 Rest of South America
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5.4.5 Middle-East & Africa
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5.4.5.1 Saudi Arabia
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5.4.5.2 South Africa
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5.4.5.3 Rest of Middle-East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Advanced Composites Inc.
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6.4.2 Celanese Corporation
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6.4.3 Conductive Composites
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6.4.4 Fibrtec Inc.
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6.4.5 FRP Services & Co.
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6.4.6 LANXESS
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6.4.7 Lingol Corp.
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6.4.8 PlastiComp Inc.
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6.4.9 PolyOne Corporation
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6.4.10 RTP Company
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6.4.11 SABIC
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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 |
| Geography | ||||||||
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Long Fiber Thermoset Composites Market Research 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.
Which is the fastest growing region in Long-Fiber Thermoset Composites Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Long-Fiber Thermoset Composites Market?
In 2024, the North America accounts for the largest market share in Long-Fiber Thermoset Composites Market.
What years does this Long-Fiber Thermoset Composites Market cover?
The report covers the Long-Fiber Thermoset Composites Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Long-Fiber Thermoset Composites Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Long-Fiber Thermoset Composites Industry Report
Statistics for the 2024 Long-Fiber Thermoset Composites market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Long-Fiber Thermoset Composites analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
