Market Overview & Regional Analysis
Asia-Pacific dominates global consumption with 52% market share, driven by China's marine manufacturing boom and India's expanding fiberglass infrastructure. Japan leads in high-gloss automotive applications showing 15% annual growth, while Southeast Asia's boat manufacturing sectors in Thailand and Indonesia demonstrate strong demand, albeit with some quality control challenges.
North America maintains technological leadership with major players like Ashland and INEOS Composites investing in compliant formulations. The U.S. accounts for 70% of regional demand, particularly for marine and wind energy applications. Europe's mature market prioritizes sustainability, with Germany and France collectively representing 45% of regional consumption, driven by REACH regulations and renewable energy sector growth.
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