Thermoset resin in the global automotive composites market is expected to grow at a CAGR of 6.6% by 2021

IRVING, Texas, March 2, 2017 -- According to a new market report published by Lucintel, the future of thermoset resin in the global automotive composites market looks good with opportunities in various applications of interior, exterior and others. Thermoset resin in the global automotive composites market is forecast to grow at a CAGR of 6.6% from 2016 to 2021.

This report has 183 figures/charts and 141 tables spread through 165 pages. For more detail on this report please click link http://www.lucintel.com/thermoset_resin_in_composites_industry.aspx.

North American is expected to remain the largest market due to growing demand for lightweight and environmentally sustainable composite materials from the automotive industry. Government regulations, such as CAFÉ Standards in the US are putting pressure on OEMs to incorporate light-weight materials to curb the overall vehicle weight, and this is the key driver for thermoset resin in the automotive industry.

Emerging trends, which have a direct impact on the dynamics of the industry, include development of rapid cure resin systems, emergence of bio based thermosets, and increasing use of Fire, Smoke, and Toxic (FST) resin. Strategic alliances between OEMs, thermoset resin suppliers and fiber suppliers in the automotive composites industry are also the emerging trends. Ashland, Polynt, Huntsman Corporation, Aliancys A.G., Hexion, and AOC LLC are among the major suppliers of thermoset resin in the global automotive composites market.

Download Free PDF Report Brochure here http://www.lucintel.com/rb/thermoset_resin_in_composites_industry.aspx

The study includes a forecast for thermoset resin in the global automotive composites market by application, intermediate material type, resin type, by country and region as follows:

By Application Type (Value ($M) and Volume (M lbs) from 2010 to 2021):

Interior
Exterior
Others

By Material Type (Value ($M) and Volume (M lbs) from 2010 to 2021):

Sheet Molding Compound(SMC)
Bulk Molding Compound(BMC)
Short Fiber Thermoset (SFT)
Phenolic Molding Compound (PMC)
Others

By Resin Type (Value ($M) and Volume (M lbs) from 2010 to 2021):

Polyester
Vinylester
Phenolic
Epoxy
Polyurethane

For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/thermoset_resin_in_composites_industry.aspx or helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Tushita Roy
Sr.Manager – Client Engagement
The Netherlands
+31-6-82270883
Email- Tushita.roy@lucintel.com

SOURCE Lucintel