Top 25 Companies in Global Thermoset Composites Market (2025–2035): Spherical Insights Analysis
RELEASE DATE: Oct 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Thermoset Composites Market Size is projected to grow from USD 46.47 Billion in 2024 to USD 107.01 Billion by 2035, at a CAGR of 7.88% during the forecast period 2025–2035. The global thermoset composites market is primarily driven by rising demand for lightweight and durable materials, expanding use in wind energy for long and durable turbine blades, and advancements in resin chemistry.
Introduction
The Global Thermoset Composites Market Size is experiencing strong growth due to rising demand for lightweight, durable, and high-performance materials across multiple industries. Thermoset composites are advanced materials created by combining thermosetting resins such as epoxy, polyester, and phenolic resins with reinforcing fibers like glass, carbon, or aramid. Once cured, these composites cannot be remolded, offering superior mechanical strength, chemical resistance, thermal stability, and dimensional integrity. These properties make them ideal for demanding applications in automotive, aerospace, construction, marine, wind energy, and electrical & electronics sectors. The focus on light weighting in the transportation industry, notably in vehicles and airplanes, is a key growth driver, since thermoset composites improve fuel economy and lower emissions. They are commonly utilized in the wind energy industry to manufacture long-lasting, sturdy turbine blades. Construction applications are growing due to corrosion-resistant and low-maintenance structures, while the electronics industry benefits from thermal and electrical insulating qualities. Continuous advancements in resin chemistry and processing technology broaden applications and promote sustainability. The Germany Composites Market is important in North America, as modern automotive and engineering sectors use novel thermoset composite solutions.
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Thermoset Composites Market Size & Statistics
- The Market Size for Thermoset Composites Was Estimated to be worth USD 46.47 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 7.88% between 2025 and 2035.
- The Global Thermoset Composites Market Size is anticipated to reach USD 107.01 Billion by 2035.
- Asia Pacific is expected to generate the highest demand during the forecast period in the Thermoset Composites Market
- North America is expected to grow the fastest during the forecast period in the Thermoset Composites Market.
Regional growth and demand
North America is expected to grow the fastest during the forecast period in the Thermoset Composites market. North America is expected to grow fastest due to strong automotive and aerospace industries, increasing adoption of lightweight and high-performance materials, rapid expansion of wind energy projects, advanced manufacturing technologies, and stringent regulations promoting fuel efficiency and sustainable infrastructure.
Asia Pacific is expected to generate the highest demand during the forecast period in the Thermoset Composites market. Asia Pacific is expected to generate the highest demand due to rapid industrialization, expanding automotive and aerospace production, large-scale infrastructure and construction projects, growing wind energy installations, and increasing adoption of lightweight, high-strength, and corrosion-resistant thermoset composites in emerging economies.
Top 10 Trends in the Thermoset Composites Market
- Light weighting
- Sustainability & Bio-Based Resins
- Advanced Recycling Technologies
- Carbon Fiber Dominance
- Growth in Additive Manufacturing
- Focus on High-Performance Applications
- Smart Composites & Intelligent Design
- Expansion in Key End-Use Markets
- Long-Fiber Thermoset Composites
- Advancements in Curing Technologies
1. Light weighting
Thermoset composites are rapidly being employed in the automotive, aerospace, and transportation industries to reduce car and aircraft weight. Lighter constructions increase fuel efficiency, reduce emissions, and improve performance while retaining structural strength and safety.
2. Sustainability & Bio-Based Resins
The desire for environmentally benign and sustainable materials is driving the use of bio-based thermoset resins. These resins lower carbon footprints, promote the use of renewable materials, and comply with global environmental rules and sustainability programs across sectors.
3. Advanced Recycling Technologies
Recycling innovations, such as chemical and thermal recycling, enable thermoset composites to be reused. These innovations eliminate waste, decrease environmental impact, and enhance circular economy approaches in manufacturing and industrial applications.
4. Carbon Fiber Dominance
Thermoset composites reinforced with carbon fibers are gaining popularity due to their superior strength-to-weight ratio and performance. Carbon fiber thermosets are increasingly used in industries such as aerospace, automotive, and sports equipment to create lightweight, high-strength components.
5. Growth in Additive Manufacturing
The combination of thermoset composites, 3D printing, and additive manufacturing processes enables the creation of complex, bespoke components. This trend improves design flexibility, lowers material waste, and speeds up product development cycles across industries.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the Thermoset Composites market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 25 Companies Leading the Thermoset Composites Market
- Owens Corning.
- TORAY INDUSTRIES, INC.
- JEC Group.
- Hexcel Corporation
- Mitsubishi Chemical Corporation.
- Teijin Aramid B.V.
- SGL Carbon
- Huntsman International LLC.
- Arkema
- PPG Industries, Inc.
- Solvay
- TAEKWANG INDUSTRIAL CO., LTD.
- Carbon Mods
- Hexion.
- Johns Manville.
- AGY
- Quantum Composites
- Plasan Carbon Composites
- Gaffco Ballistics
- KINECO – KAMAN
- BASF SE
- Hexcel Composites
- Lanxess AG
- Mitsui Chemicals, Inc.
- DSM Composite Resins
1. Owens Corning
Headquarters: Toledo, Ohio, USA
Owens Corning, located in Toledo, Ohio, is a global pioneer in glass fiber reinforcements and thermoset composites, offering high-performance solutions for the automotive, aerospace, construction, marine, and wind energy industries. Operating in over 33 countries, the firm specializes in lightweight, durable, and corrosion-resistant materials that increase structural integrity and reduce total weight in demanding applications. Owens Corning's composites contribute to enhanced fuel efficiency, lower emissions, and sustainable infrastructure development, while its continuous innovation in advanced materials supports the growing demand for energy-efficient, high-strength, and environmentally responsible solutions across industries worldwide.
2. TORAY INDUSTRIES, INC.
Headquarters: Tokyo, Japan
Toray Industries, Inc., headquartered in Tokyo, Japan, is a global leader in sophisticated materials, such as carbon fiber-reinforced thermoset composites. The firm operates in more than 20 countries, serving the automotive, aerospace, electronics, and industrial industries. Toray's high-strength, lightweight composites increase fuel efficiency, lower emissions, and improve structural performance in crucial applications. Its dedication to research and development pushes advancements in material qualities like as thermal stability, corrosion resistance, and durability. Toray helps companies reach sustainability goals by providing innovative composite solutions that enable complicated designs and high-performance components across a wide variety of technical and industrial applications.
3. JEC GROUP
Headquarters: Paris, France
JEC Group, headquartered in Paris, France, is a major participant in the worldwide composites sector, offering resources, networking opportunities, and insights into thermoset and other composite materials. JEC Group, with a presence in over 50 countries, connects manufacturers, designers, and end users to promote composite technology innovation, acceptance, and information exchange. The organization arranges events, exhibitions, and seminars to highlight advances in thermoset composites and their applications in the automotive, aerospace, wind energy, and construction industries. By promoting cooperation and market knowledge, JEC Group plays a crucial role in speeding the development and usage of high-performance, sustainable composite materials globally.
4. Hexcel Corporation
Headquarters: Stamford, Connecticut, USA
Hexcel Corporation, based in Stamford, Connecticut, USA, is a global leader in carbon fiber, reinforcements, and thermoset composites. Hexcel operates in more than 25 countries and services the aerospace, automotive, wind energy, and defense sectors. Its composites provide lightweight, high-strength, and long-lasting solutions that help to reduce fuel consumption, emissions, and operational expenses. Hexcel spends consistently in research and development to improve material performance, such as temperature resistance, impact tolerance, and corrosion protection. Hexcel strengthens its position as a key driver of the global composites industry by offering superior thermoset composites for structural and high-performance applications, allowing manufacturers to create energy-efficient, sustainable, and creative products.
5. Mitsubishi Chemical Corporation
Headquarters: Austin, Texas, USA
Mitsubishi Chemical Corporation, based in Tokyo, Japan, is a leading manufacturer of thermoset composites and innovative materials for automotive, aerospace, and industrial applications. The firm operates in more than 30 countries, providing high-strength, lightweight, and corrosion-resistant products that promote energy efficiency, structural durability, and sustainable production. Its thermoset composites are utilized in car components, aviation parts, and industrial equipment that require high dependability and performance. Mitsubishi Chemical's emphasis on innovation and material optimization provides tailored solutions for difficult applications, supporting the adoption of high-performance composites while fulfilling global sustainability requirements and the growing need for sophisticated, eco-friendly engineering materials.
Are you ready to discover more about the Thermoset Composites market?
The report provides an in-depth analysis of the leading companies operating in the global Thermoset Composites market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Owens Corning
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- TORAY INDUSTRIES, INC.
- JEC GROUP
- Hexcel Corporation
- Mitsubishi Chemical Corporation
- Teijin Aramid B.V.
- SGL Carbon
- Huntsman International LLC.
- Arkema
- Others
Conclusion
The Global Thermoset Composites Market Size is witnessing robust growth, driven by increasing demand for lightweight, durable, and high-performance materials across automotive, aerospace, wind energy, construction, and electronics sectors. Rising emphasis on fuel efficiency, emissions reduction, and sustainable infrastructure is accelerating adoption. Advancements in resin technologies, bio-based materials, and additive manufacturing are expanding applications and improving performance. Key players such as Owens Corning, TORAY Industries, JEC Group, Hexcel Corporation, and Mitsubishi Chemical Corporation are leading innovation, offering advanced composites that meet evolving industry requirements. With ongoing technological developments and growing industrialization, the market is poised for continued expansion worldwide.
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