Thermoplastics are plastic materials that melt into soft, pliable forms and harden when they cool. They are used in a wide variety of applications, including clothing, cookware, appliances, and laboratory equipment. They are also easy to recycle and can be reused and reshaped. These polymers are formulated through a number of chemical processes. They include condensation polymerization, addition polymerization, and reversible polymerization. These process generate a large variety of different types of thermoplastics.
Market Dynamics:
The growth of thermosetting plastics is expected to remain strong in the future owing to rising construction activities across the world, increased government investment in infrastructure development, and other economic factors. The market is also expected to gain significant growth in developing countries such as China and India due to their growing population and rapid economic growth. In addition, increasing government initiatives such as Smart Cities Mission and Make in India will further contribute significantly to the market growth during the forecast period.
On the other hand, strict environmental regulations is expected to hamper the market growth.
Key features of the study:
- This report provides in-depth analysis of the global thermosetting plastics market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global thermosetting plastics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Alchemie Ltd., Asahi Kasei Corporation, BASF SE, BUFA GmbH & Co. KG, Celanese Corporation, Covestro AG, Daicel Corporation, DSM, Eastman Chemical Company, INEOS, Kanoria Chembond Pvt. Ltd, Lanxess AG, LG Chem, Mitsubishi Engineering-Plastics Corporation, Nihon Gosei Kako Co. Ltd, Polynt SpA, Satyen Polymers Pvt. Ltd, Showa Denko KK, Solvay, Sumitomo Bakelite Co. Ltd, and U-PICA Company Ltd
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global thermosetting plastics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global thermosetting plastics market
Detailed Segmentation:
- Global Thermosetting Plastics Market, By Type
- Unsaturated Polyesters
- Polyurethanes
- Phenolic
- Epoxy
- Amino
- Alkyd
- Vinyl
- Ester
- Other Types
- Global Thermosetting Plastics Market, By End User Industry
- Construction
- Adhesive and Sealant
- Electronics and Appliances
- Automotive
- Other End user Industries
- Global Thermosetting Plastics Market, Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles
- Alchemie Ltd.
- Asahi Kasei Corporation
- BASF SE
- BUFA GmbH & Co. KG
- Celanese Corporation
- Covestro AG
- Daicel Corporation
- DSM
- Eastman Chemical Company
- INEOS
- Kanoria Chembond Pvt. Ltd
- Lanxess AG
- LG Chem
- Mitsubishi Engineering-Plastics Corporation
- Nihon Gosei Kako Co. Ltd
- Polynt SpA
- Satyen Polymers Pvt. Ltd
- Showa Denko KK
- Solvay
- Sumitomo Bakelite Co. Ltd
- U-PICA Company Ltd
