Thermosetting Plastic Trends and Forecast
The future of the global thermosetting plastic market looks promising with opportunities in the construction, adhesive & sealant, electronic & appliance, and automotive markets. The global thermosetting plastic market is expected to grow with a CAGR of 4.7% from 2024 to 2030. The major drivers for this market are rising demand for lightweight and durable materials, increasing demand for bio-based thermosetting plastics, and rising research and development for recyclable thermosets.A more than 150-page report is developed to help in your business decisions.
Thermosetting Plastic by Segment
The study includes a forecast for the global thermosetting plastic by type, end use, and region.Thermosetting Plastic Market by Type [Shipment Analysis by Value from 2018 to 2030]:
- Unsaturated Polyesters
- Polyurethanes
- Phenolic
- Epoxy
- Amino
- Alkyd
- Vinyl
- Ester
- Others
Thermosetting Plastic Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Construction
- Adhesive & Sealant
- Electronics & Appliances
- Automotive
- Others
Thermosetting Plastic Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Thermosetting Plastic Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies thermosetting plastic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the thermosetting plastic companies profiled in this report include:- Alchemie
- Asahi Kasei Corporation
- BASF
- BUFA
- Celanese
- Covestro
- Daicel
Thermosetting Plastic Market Insights
The publisher forecasts that unsaturated polyesters will remain the largest segment over the forecast period due to their superior chemical resistance qualities, dielectric characteristics, and excellent thermal resistance.Within this market, construction will remain the largest segment due to the growing use of thermoset in the construction of pipes, roofing, bridges, and civil structure maintenance and repair.
APAC will remain the largest region over the forecast period due to growing demand for thermosetting plastic from automotive, construction, and electronic and electrical sector of the region.
Features of the Global Thermosetting Plastic Market
- Market Size Estimates: Thermosetting plastic market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Thermosetting plastic market size by type, end use, and region in terms of value ($B).
- Regional Analysis: Thermosetting plastic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different types, end uses, and regions for the thermosetting plastic market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the thermosetting plastic market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for thermosetting plastic market?Answer: The global thermosetting plastic market is expected to grow with a CAGR of 4.7% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the thermosetting plastic market?
Answer: The major drivers for this market are rising demand for lightweight and durable materials, increasing demand for bio-based thermosetting plastics, and rising research and development for recyclable thermosets.
Q3. What are the major segments for thermosetting plastic market?
Answer: The future of the thermosetting plastic market looks promising with opportunities in the construction, adhesive & sealant, electronic & appliance, and automotive markets.
Q4. Who are the key thermosetting plastic market companies?
Answer: Some of the key thermosetting plastic companies are as follows:
- Alchemie
- Asahi Kasei Corporation
- BASF
- BUFA
- Celanese
- Covestro
- Daicel
Answer: The publisher forecasts that unsaturated polyesters will remain the largest segment over the forecast period due to their superior chemical resistance qualities, dielectric characteristics, and excellent thermal resistance.
Q6. In thermosetting plastic market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to growing demand for thermosetting plastic from automotive, construction, and electronic and electrical sector of the region.
Q7. Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the thermosetting plastic market by type (unsaturated polyesters, polyurethanes, phenolic, epoxy, amino, alkyd, vinyl, ester, and others), end use (construction, adhesive & sealant, electronics & appliances, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Thermosetting Plastic Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Alchemie
- Asahi Kasei Corporation
- BASF
- BUFA
- Celanese
- Covestro
- Daicel
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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