Thermoset Plastics Market - Forecasts from 2025 to 2030

The thermoset plastics market is projected to grow at a CAGR of 3.44% during the forecast period 2025 to 2030.

Thermoset plastics are polymers that irreversibly harden when heated. This process involves applying heat to a liquid or soft solid substance, which provides the energy needed for chemical reactions to occur. These reactions increase cross-linking between polymer chains, resulting in the formation of a rigid material known as thermosetting plastic.

Market Trends:

• Growing Demand in the Construction Industry: The construction sector is the largest consumer of thermoset plastics, utilizing them in key applications such as adhesives, sealants, thermal insulation, roofing, pipelines, bridge construction, and the repair of civil structures. Rapid expansion in emerging Asian economies like India, China, Malaysia, and ASEAN countries, fueled by population growth and infrastructure development, is significantly boosting the demand for thermoset plastics.
• Expanding Role in the Polymer Market: Thermoset plastics are a vital component of the global polymer market, especially in the production of composites. Their demand is driven by widespread use in industries such as aerospace, automotive, and consumer electronics. As a result, the adoption of thermoset plastics is projected to grow substantially in the coming years.
• Asia Pacific Leading the Global Market: The Asia Pacific region is poised to dominate the thermoset plastics market during the forecast period. China and India are the primary contributors to this growth, supported by government initiatives to develop smart cities and modern infrastructure. For instance, in 2019, the Chinese government approved 26 infrastructure projects worth USD 142 billion, slated for completion by 2025. Additionally, increasing demand for housing in both public and private sectors is further driving residential construction activities in the region.

Some of the major players covered in this report include B & B Plastics Inc, B. Schoenberg & Co., Inc., PARC Corporation, Custom Polymers, Inc., American Packaging Corporation, United Plastic Recycling, Inc., Norwich Plastics, Inc., Berry Global Group, Inc., Teijin Limited, and DuPont de Nemours, Inc. among others.

Key Benefits of this Report:

• Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
• Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
• Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
• Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
• Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What can businesses use this report for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence.

Report Coverage:

• Historical data from 2022 to 2024 & forecast data from 2025 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

Thermoset Plastics Market Segmentation:

The Thermoset Plastics Market is analysed by material type into the following:

• Epoxies
• Phenolic
• Polyesters
• Aromatics
• Aliphatic
• Amines
• Silicon

Thermoset Plastics Market Segmentation by thermoset molding process type:

Reactive injection molding is one of the largest market segments. The report analysed the Thermoset Plastics Market into different services as below:

• Reactive Injection Molding
• Compression Molding
• Extrusion Molding
• Spin Casting

Thermoset Plastics Market Segmentation by industry vertical:

The report analysed the Thermoset Plastics Market across 6 industries as following:

• Aerospace
• Automotive
• Consumer Electronics
• Construction
• Adhesives And Coatings
• Others

Thermoset Plastics Market Segmentation by regions:

The study also analysed the Thermoset Plastics Market into the following regions, with country level forecasts and analysis as below:

• North America (US, Canada and Mexico)
• South America (Brazil, Argentina, and Rest of South America)
• Europe (Germany, UK, France, Spain and Rest of Europe)
• Middle East and Africa (Saudi Arabia, UAE and Rest of Middle East and Africa)
• Asia Pacific (China, Japan, India, South Korea, Thailand, Indonesia, and Others)