The Thermosetting Plastics Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Type (Unsaturated Polyesters, Polyurethanes, Phenolic, Epoxy, Amino, Alkyd, Vinyl Ester, Others), By End-User (Construction, Adhesive and Sealants, Electronics and Appliances, Automotive, Others).
The Thermosetting Plastics market is experiencing substantial growth in 2024, driven by the increasing demand for high-performance, durable, and heat-resistant polymer materials in automotive, aerospace, electrical, and construction industries. Thermosetting plastics, including epoxy resins, phenolic resins, and polyurethane resins, offer advantages such as dimensional stability, chemical resistance, and electrical insulation, making them suitable for molding, casting, and composite applications. Market dynamics are influenced by factors such as technological advancements, lightweighting trends, and regulatory requirements for material performance and safety. Furthermore, innovations in resin formulations, curing processes, and recycling technologies contribute to market expansion, fostering versatility and sustainability in the Thermosetting Plastics market.
A significant trend in the thermosetting plastics market is the growing adoption of lightweight and high-strength materials in automotive and aerospace industries. With increasing demand for fuel efficiency, emissions reduction, and enhanced performance in vehicles and aircraft, there is a shift towards lightweight materials that offer superior strength-to-weight ratios. Thermosetting plastics, known for their excellent mechanical properties, dimensional stability, and heat resistance, are increasingly used in automotive components, aircraft interiors, and structural applications. This trend towards lightweighting drives innovation in thermosetting plastics formulations and manufacturing processes, shaping the materials landscape in automotive and aerospace sectors.
A key driver propelling the thermosetting plastics market is the expanding applications in electrical and electronics industries. Thermosetting plastics such as epoxy resins, phenolic resins, and polyimides offer exceptional electrical insulation properties, flame retardancy, and resistance to heat and chemicals, making them ideal for electronic components, printed circuit boards (PCBs), and electrical insulation materials. With the rapid advancement of technology, the demand for high-performance materials that meet stringent requirements for reliability, durability, and miniaturization in electronic devices and electrical systems is increasing. Thermosetting plastics play a vital role in meeting these demands, driving market growth and fostering innovation in electronic materials and manufacturing technologies.
An emerging opportunity within the thermosetting plastics market lies in the development of bio-based and sustainable materials. With growing environmental concerns, regulatory pressures, and consumer preferences for eco-friendly products, there is a rising demand for thermosetting plastics derived from renewable resources and sustainable feedstocks. Bio-based thermosetting plastics offer advantages such as reduced carbon footprint, biodegradability, and lower dependence on fossil fuels compared to conventional petroleum-based plastics. By investing in research and development of bio-based resins, fillers, and additives, manufacturers can capitalize on the demand for sustainable materials and differentiate their product offerings in the market. Moreover, partnerships with biotechnology firms, academic institutions, and government agencies can accelerate the commercialization of bio-based thermosetting plastics and create opportunities for growth and innovation in the industry.
By Type
By End-user
Geographical Analysis
* List Not Exhaustive
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TABLE OF CONTENTS
1 Introduction to 2024 Thermosetting Plastics Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Thermosetting Plastics Market Size Outlook, $ Million, 2021 to 2030
3.2 Thermosetting Plastics Market Outlook by Type, $ Million, 2021 to 2030
3.3 Thermosetting Plastics Market Outlook by Product, $ Million, 2021 to 2030
3.4 Thermosetting Plastics Market Outlook by Application, $ Million, 2021 to 2030
3.5 Thermosetting Plastics Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Thermosetting Plastics Market Industry
4.2 Key Market Trends in Thermosetting Plastics Market Industry
4.3 Potential Opportunities in Thermosetting Plastics Market Industry
4.4 Key Challenges in Thermosetting Plastics Market Industry
5 Market Factor Analysis
5.1 Competitive Landscape
5.1.1 Global Thermosetting Plastics Market Share by Company (%), 2023
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Thermosetting Plastics Market Outlook By Segments
7.1 Thermosetting Plastics Market Outlook by Segments
By Type
Unsaturated Polyesters
Polyurethanes
Phenolic
Epoxy
Amino
Alkyd
Vinyl Ester
Others
By End-user
Construction
Adhesive and Sealants
Electronics and Appliances
Automotive
Others
8 North America Thermosetting Plastics Market Analysis And Outlook To 2030
8.1 Introduction to North America Thermosetting Plastics Markets in 2024
8.2 North America Thermosetting Plastics Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Thermosetting Plastics Market size Outlook by Segments, 2021-2030
By Type
Unsaturated Polyesters
Polyurethanes
Phenolic
Epoxy
Amino
Alkyd
Vinyl Ester
Others
By End-user
Construction
Adhesive and Sealants
Electronics and Appliances
Automotive
Others
9 Europe Thermosetting Plastics Market Analysis And Outlook To 2030
9.1 Introduction to Europe Thermosetting Plastics Markets in 2024
9.2 Europe Thermosetting Plastics Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Thermosetting Plastics Market Size Outlook By Segments, 2021-2030
By Type
Unsaturated Polyesters
Polyurethanes
Phenolic
Epoxy
Amino
Alkyd
Vinyl Ester
Others
By End-user
Construction
Adhesive and Sealants
Electronics and Appliances
Automotive
Others
10 Asia Pacific Thermosetting Plastics Market Analysis And Outlook To 2030
10.1 Introduction to Asia Pacific Thermosetting Plastics Markets in 2024
10.2 Asia Pacific Thermosetting Plastics Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Thermosetting Plastics Market size Outlook by Segments, 2021-2030
By Type
Unsaturated Polyesters
Polyurethanes
Phenolic
Epoxy
Amino
Alkyd
Vinyl Ester
Others
By End-user
Construction
Adhesive and Sealants
Electronics and Appliances
Automotive
Others
11 South America Thermosetting Plastics Market Analysis And Outlook To 2030
11.1 Introduction to South America Thermosetting Plastics Markets in 2024
11.2 South America Thermosetting Plastics Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Thermosetting Plastics Market size Outlook by Segments, 2021-2030
By Type
Unsaturated Polyesters
Polyurethanes
Phenolic
Epoxy
Amino
Alkyd
Vinyl Ester
Others
By End-user
Construction
Adhesive and Sealants
Electronics and Appliances
Automotive
Others
12 Middle East And Africa Thermosetting Plastics Market Analysis And Outlook To 2030
12.1 Introduction to Middle East and Africa Thermosetting Plastics Markets in 2024
12.2 Middle East and Africa Thermosetting Plastics Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Thermosetting Plastics Market size Outlook by Segments, 2021-2030
By Type
Unsaturated Polyesters
Polyurethanes
Phenolic
Epoxy
Amino
Alkyd
Vinyl Ester
Others
By End-user
Construction
Adhesive and Sealants
Electronics and Appliances
Automotive
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Alchemie Ltd
Asahi Kasei Corp
BASF SE
BUFA GmbH & Co. KG
Celanese Corp
Daicel Corp
DSM
Eastman Chemical Company
INEOS
Kanoria Chembond Pvt. Ltd
Lanxess AG
LG Chem
Mitsubishi Engineering-Plastics Corp
NIHON GOSEI KAKO Co. Ltd
Polynt S.p.A.
Resonac Holdings Corp
Solvay
Sumitomo Bakelite Co. Ltd
U-PICA Company Ltd
Westlake Corp
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Type
By End-user
Geographical Analysis
The global Thermosetting Plastics Market is one of the lucrative growth markets, poised to register a 4.7% growth (CAGR) between 2024 and 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Alchemie Ltd, Asahi Kasei Corp, BASF SE, BUFA GmbH & Co. KG, Celanese Corp, Daicel Corp, DSM, Eastman Chemical Company, INEOS, Kanoria Chembond Pvt. Ltd, Lanxess AG, LG Chem, Mitsubishi Engineering-Plastics Corp, NIHON GOSEI KAKO Co. Ltd, Polynt S.p.A., Resonac Holdings Corp, Solvay, Sumitomo Bakelite Co. Ltd, U-PICA Company Ltd, Westlake Corp
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: USD; Volume