The Global Thermoset Composites Market is expected to reach US$ 18.9 Billion by 2030, with a CAGR of 6.1% from 2023 to 2030, based on a newly published research report. This growth stems from rising demand in aerospace, automotive, and wind energy sectors, coupled with advancements in lightweight, high-performance materials that enhance fuel efficiency and durability.

As industries worldwide shift toward sustainable, high-strength solutions for weight reduction and performance enhancement, attention turns to the leading manufacturers pioneering thermoset composites. These materials, known for their heat resistance and structural integrity, are crucial in applications from aircraft components to automotive parts. In this blog, we profile the Top 10 Companies in the Thermoset Composites Industry—a blend of established giants and innovative specialists propelling advancements in global manufacturing and engineering.

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🔟 1. Toray Industries

Headquarters: Tokyo, Japan
Key Offering: Epoxy-based composites, carbon fiber reinforced thermosets

Toray Industries stands as a global powerhouse in advanced composites, particularly thermoset varieties used in aerospace and automotive sectors. The company supplies high-performance materials that meet stringent requirements for strength and thermal stability, serving major clients like Boeing and Toyota. Because of its extensive R&D in resin systems, Toray continues to lead in developing composites that reduce vehicle weight while maintaining safety standards, further solidifying its position in high-volume production environments.

Sustainability Initiatives:

• Investment in recyclable thermoset resins to minimize environmental impact

• Partnerships with automotive OEMs for lightweighting solutions

• Expansion of carbon-neutral production facilities targeting net-zero by 2050

Download FREE Sample Report: Global and Regional Thermoset Composites Industry Status and Prospects Professional Market – View in Detailed Research Report

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9️⃣ 2. Teijin Limited

Headquarters: Tokyo, Japan
Key Offering: Polyester and epoxy thermoset composites, hybrid fiber systems

Teijin Limited excels in producing thermoset composites that integrate aramid and carbon fibers for superior impact resistance and rigidity. Operating across Asia and Europe, the company caters to the aerospace and defense industries, where its materials are vital for structural components. However, Teijin’s focus on sustainable sourcing of raw materials has allowed it to adapt quickly to regulatory changes, ensuring long-term viability in eco-conscious markets like wind energy.

Sustainability Initiatives:

• Development of bio-based epoxy resins for reduced carbon footprint

• Collaborations with European automakers on electric vehicle battery enclosures

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8️⃣ 3. Hexcel Corporation

Headquarters: Stamford, Connecticut, USA
Key Offering: Epoxy prepregs, honeycomb sandwich structures with thermosets

Hexcel Corporation is renowned for its aerospace-grade thermoset composites, which provide exceptional strength-to-weight ratios essential for aircraft fuselages and wings. With a strong presence in North America, the company supports major programs like the Boeing 787, leveraging advanced curing technologies to enhance performance. Furthermore, Hexcel’s commitment to supply chain transparency has positioned it well amid growing demands for traceable, high-quality materials in commercial aviation.

Sustainability Initiatives:

• Targets for 30% recycled content in composites by 2030

• Joint ventures for out-of-autoclave processing to cut energy use

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7️⃣ 4. Owens Corning

Headquarters: Toledo, Ohio, USA
Key Offering: Glass fiber reinforced polyester thermosets

Owens Corning dominates the building and infrastructure segments with its durable thermoset composites used in corrosion-resistant panels and roofing. The company’s fiberglass reinforcements enable cost-effective, high-volume applications in marine and construction industries. Because of its scalable production capabilities, Owens Corning meets the surging needs of emerging markets in Asia, where infrastructure development drives composite adoption.

Sustainability Initiatives:

• Goal to achieve 100% renewable energy in manufacturing by 2025

• Advancements in low-VOC thermoset formulations for indoor applications

Download FREE Sample Report: Global and Regional Thermoset Composites Industry Status and Prospects Professional Market – View in Detailed Research Report

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6️⃣ 5. SGL Carbon

Headquarters: Wiesbaden, Germany
Key Offering: Carbon fiber thermoset composites for automotive and energy

SGL Carbon specializes in high-modulus thermoset composites tailored for electric vehicles and renewable energy storage. Its materials offer superior electrical conductivity and thermal management, making them ideal for battery casings and wind turbine blades. However, the company’s European base provides a strategic advantage in complying with stringent EU sustainability standards, fostering growth in green technology sectors.

Sustainability Initiatives:

• Expansion of production for recycled carbon fibers in thermosets

• Targets net-zero Scope 1 and 2 emissions by 2030

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5️⃣ 6. Hexion Inc.

Headquarters: Columbus, Ohio, USA
Key Offering: Epoxy and phenolic thermoset resins for composites

Hexion Inc. provides essential resin systems that bind fibers in thermoset composites, focusing on adhesives for aerospace and marine uses. With a portfolio emphasizing fast-cure epoxies, the company supports just-in-time manufacturing for automotive suppliers. Furthermore, Hexion’s R&D in low-emission curing processes addresses environmental concerns, enhancing its appeal in regulated industries like electronics.

Sustainability Initiatives:

• Bio-derived resin innovations reducing fossil fuel dependency

• Partnerships for circular economy models in composite recycling

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4️⃣ 7. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: Polyurethane and epoxy thermosets for structural applications

Huntsman Corporation delivers versatile thermoset systems for wind energy and construction, where its composites withstand extreme conditions. The company’s global network ensures reliable supply to OEMs in Europe and Asia. Because of its focus on customizable formulations, Huntsman adapts to specific client needs, such as flame-retardant grades for public infrastructure projects.

Sustainability Initiatives:

• Investment in plant-based polyols for greener thermosets

• Collaborative R&D with universities on durable, recyclable materials

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3️⃣ 8. Mitsubishi Chemical Group

Headquarters: Tokyo, Japan
Key Offering: Vinyl ester and epoxy composites for industrial uses

Formerly Mitsubishi Rayon, Mitsubishi Chemical Group leads in fiber-reinforced thermosets for pipes and tanks in chemical processing. Its materials resist corrosion and fatigue, serving oil & gas and water treatment sectors. However, the company’s shift toward sustainable fibers aligns with global trends, positioning it for expansion in eco-friendly infrastructure worldwide.

Sustainability Initiatives:

• Development of hybrid composites with natural fibers

• Commitment to carbon neutrality across supply chains by 2040

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2️⃣ 9. Jushi Group Co., Ltd.

Headquarters: Tongxiang, China
Key Offering: E-glass fiber thermoset reinforcements

Jushi Group is a key player in Asia’s thermoset composites landscape, producing cost-effective glass fibers for automotive and electronics. With massive production capacity, it supports China’s booming EV market and export demands. Furthermore, Jushi’s emphasis on energy-efficient manufacturing helps it compete globally while meeting rising standards for quality and sustainability.

Sustainability Initiatives:

• Scale-up of silica-free glass fibers to lower emissions

• International certifications for sustainable production practices

Download FREE Sample Report: Global and Regional Thermoset Composites Industry Status and Prospects Professional Market – View in Detailed Research Report

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1️⃣ 10. AGY Holding Corp.

Headquarters: Aiken, South Carolina, USA
Key Offering: High-performance glass yarns for thermoset composites

AGY Holding Corp. focuses on specialty glass fibers that enhance thermoset composites in aerospace and defense. Its advanced yarns provide dielectric properties for radomes and structural parts. Because of strategic acquisitions, AGY has strengthened its innovation pipeline, delivering tailored solutions that meet military specifications and civilian performance needs alike.

Sustainability Initiatives:

• R&D in alkali-free glasses for better recyclability

• Supply chain optimizations to reduce water and energy consumption

Get Full Report Here: Global and Regional Thermoset Composites Industry Status and Prospects Professional Market – View in Detailed Research Report

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🌍 Outlook: The Future of Thermoset Composites Is Lighter, Stronger, and More Sustainable

The thermoset composites market is experiencing transformative growth as industries prioritize lightweighting to achieve energy savings and emissions reductions. While traditional applications in aerospace remain core, emerging uses in electric vehicles and renewable energy are accelerating investments in advanced resins, fiber technologies, and recycling methods.

📈 Key Trends Shaping the Market:

• Expansion of bio-based and recyclable thermosets in Europe and North America

• Regulatory incentives for low-carbon materials in automotive and construction by 2030

• Integration of digital twins and AI in composite design and manufacturing

• Strategic alliances between fiber producers and end-users for customized solutions

Get Full Report Here: Global and Regional Thermoset Composites Industry Status and Prospects Professional Market – View in Detailed Research Report

The companies listed above are not only reinforcing global industries—they’re leading the sustainable evolution of advanced materials.