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Global Thermosetting Plastics Market to Grow at a CAGR of 5.2% During 2024-2032, Aided by the Rising Applications of the Product in Electronic Appliances

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Global Thermosetting Plastics Market Size, Share, Forecast: By Type: Unsaturated Polyesters, Polyurethanes, Phenolic, Epoxy, Amino, Alkyd, Vinyl Ester, Others; By End-User Industry: Construction, Adhesive and Sealants, Electronics and Appliances, Automotive, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Thermosetting Plastics Market Outlook

The global thermosetting plastics market is expected to grow at a CAGR of 5.2% during the forecast period of 2024-2032.

Global Thermosetting Plastics Market

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Favourable Physical and Chemical Properties of Thermoset Plastics are Boosting the Market Growth

The global market for thermosetting plastics is being driven by the applications and uses of various types of thermosetting plastics in various end-use industries, owing to their favourable chemical and physical properties. Thermoset plastic polymers cross-link together when curing to form an irreversible chemical bond, thus becoming permanent in their structure. Thermoset plastics offer enhanced chemical resistance, heat resistance, and structural integrity and are in high demand for these favourable properties from end-user industries for complicated industrial applications such as manufacturing of electrical components, and automotive manufacturing, among others, thereby aiding the market growth.

In addition, thermoset injection moulding allows for a wide assortment of small and large parts; thus, detailed geometric shapes that cannot be achieved in metals can be produced in thermoset plastics. This is augmenting the overall market growth of thermosetting plastics by providing advantages over metals owing to their excellent physical properties and surface appearance.

Thermosetting Plastics: Market Segmentation

Thermoset plastics are synthetic polymers that cannot be moulded or reshaped after their initial heat exposure. Thermosetting is the process of converting granular material into moulded shapes through a chemical reaction activated by heat and pressure, which thus forms a strong molecular bond.

Global Thermosetting Plastics Market by Segment

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The market, on the basis of type, can be divided into:

Unsaturated Polyesters
Polyurethanes
Phenolic
Epoxy
Amino
Alkyd
Vinyl Ester
Others

On the basis of end-user industry, the market can be segmented into:

Construction
Adhesive and Sealants
Electronics and Appliances
Automotive
Others

The EMR report looks into the regional markets of thermosetting plastics like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

Global Thermosetting Plastics Market by Region

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Rising Demand for Thermoset Plastics from the Construction Industry to Boost the Market Growth

The growth in the global market for thermosetting plastics can be attributed to the rising construction activities across the world. Owing to their excellent chemical properties like chemical and heat resistance, and high structural integrity, thermoset plastics are ideal components in the building structure. In addition, thermosetting plastics are generally used as adhesives and sealants, roofing, and piping due to their lightweight structure, hardness, and thermal and electric insolubility, thus invigorating market demand from the construction industry. Furthermore, epoxies and unsaturated polymers are widely demanded in the construction of bathroom fixations, pipes and tanks for their anti-corrosive properties, and other decorative furniture owing to excellent mechanical properties.

Moreover, the construction industry is flourishing in the Asia Pacific region, owing to rapid industrialisation and urbanisation in countries like India and China, due to which demand for thermosetting plastics is invigorating the overall growth of the industry. In addition, owing to favourable government policies like ‘Housing for All by 2022’ initiated by the Indian government due to the rising population levels, along with the emergence of commercial buildings like offices, and malls due to heightened foreign investments, are anticipated to robustly drive the market for thermosetting plastics in the Asia Pacific region over the forecast period.

Key Industry Players in the Global Thermosetting Plastics Market

The report presents a detailed analysis of the following key players in the global thermosetting plastics market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.

Covestro AG
Celanese Corporation
LANXESS AG
BASF SE
INEOS Group Holdings S.A.
Evonik Industries AG
Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Scope of the Report	Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Type End-User Industry Region
Breakup by Type	Unsaturated Polyesters Polyurethanes Phenolic Epoxy Amino Alkyd Vinyl Ester Others
Breakup by End-User Industry	Construction Adhesive and Sealants Electronics and Appliances Automotive Others
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	Covestro AG Celanese Corporation LANXESS AG BASF SE INEOS Group Holdings S.A. Evonik Industries AG Others
Report Price and Purchase Option	Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format	Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Thermosetting Plastics Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Thermosetting Plastics Historical Market (2018-2023)
   8.3   Global Thermosetting Plastics Market Forecast (2024-2032)
   8.4   Global Thermosetting Plastics Market by Type
       8.4.1   Unsaturated Polyesters
           8.4.1.1 Historical Trend (2018-2023)
           8.4.1.2 Forecast Trend (2024-2032)
       8.4.2   Polyurethanes
           8.4.2.1 Historical Trend (2018-2023)
           8.4.2.2 Forecast Trend (2024-2032)
       8.4.3   Phenolic
           8.4.3.1 Historical Trend (2018-2023)
           8.4.3.2 Forecast Trend (2024-2032)
       8.4.4   Epoxy
           8.4.4.1 Historical Trend (2018-2023)
           8.4.4.2 Forecast Trend (2024-2032)
       8.4.5   Amino
           8.4.5.1 Historical Trend (2018-2023)
           8.4.5.2 Forecast Trend (2024-2032)
       8.4.6   Alkyd
           8.4.6.1 Historical Trend (2018-2023)
           8.4.6.2 Forecast Trend (2024-2032)
       8.4.7   Vinyl Ester
           8.4.7.1 Historical Trend (2018-2023)
           8.4.7.2 Forecast Trend (2024-2032)
       8.4.8   Others
   8.5   Global Thermosetting Plastics Market by End-User Industry
       8.5.1   Construction
           8.5.1.1 Historical Trend (2018-2023)
           8.5.1.2 Forecast Trend (2024-2032)
       8.5.2   Adhesive and Sealants
           8.5.2.1 Historical Trend (2018-2023)
           8.5.2.2 Forecast Trend (2024-2032)
       8.5.3   Electronics and Appliances
           8.5.3.1 Historical Trend (2018-2023)
           8.5.3.2 Forecast Trend (2024-2032)
       8.5.4   Automotive
           8.5.4.1 Historical Trend (2018-2023)
           8.5.4.2 Forecast Trend (2024-2032)
       8.5.5   Others
   8.6   Global Thermosetting Plastics Market by Region
       8.6.1   North America
           8.6.1.1 Historical Trend (2018-2023)
           8.6.1.2 Forecast Trend (2024-2032)
       8.6.2   Europe
           8.6.2.1 Historical Trend (2018-2023)
           8.6.2.2 Forecast Trend (2024-2032)
       8.6.3   Asia Pacific
           8.6.3.1 Historical Trend (2018-2023)
           8.6.3.2 Forecast Trend (2024-2032)
       8.6.4   Latin America
           8.6.4.1 Historical Trend (2018-2023)
           8.6.4.2 Forecast Trend (2024-2032)
       8.6.5   Middle East and Africa
           8.6.5.1 Historical Trend (2018-2023)
           8.6.5.2 Forecast Trend (2024-2032)
9   North America Thermosetting Plastics Market Analysis
   9.1   United States of America
       9.1.1 Historical Trend (2018-2023)
       9.1.2 Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1 Historical Trend (2018-2023)
       9.2.2 Forecast Trend (2024-2032)
10   Europe Thermosetting Plastics Market Analysis
   10.1   United Kingdom
       10.1.1 Historical Trend (2018-2023)
       10.1.2 Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1 Historical Trend (2018-2023)
       10.2.2 Forecast Trend (2024-2032)
   10.3   France
       10.3.1 Historical Trend (2018-2023)
       10.3.2 Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1 Historical Trend (2018-2023)
       10.4.2 Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific Thermosetting Plastics Market Analysis
   11.1   China
       11.1.1 Historical Trend (2018-2023)
       11.1.2 Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1 Historical Trend (2018-2023)
       11.2.2 Forecast Trend (2024-2032)
   11.3   India
       11.3.1 Historical Trend (2018-2023)
       11.3.2 Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1 Historical Trend (2018-2023)
       11.4.2 Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1 Historical Trend (2018-2023)
       11.5.2 Forecast Trend (2024-2032)
   11.6   Others
12   Latin America Thermosetting Plastics Market Analysis
   12.1   Brazil
       12.1.1 Historical Trend (2018-2023)
       12.1.2 Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1 Historical Trend (2018-2023)
       12.2.2 Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1 Historical Trend (2018-2023)
       12.3.2 Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa Thermosetting Plastics Market Analysis
   13.1   Saudi Arabia
       13.1.1 Historical Trend (2018-2023)
       13.1.2 Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1 Historical Trend (2018-2023)
       13.2.2 Forecast Trend (2024-2032)
   13.3   Nigeria
       13.3.1 Historical Trend (2018-2023)
       13.3.2 Forecast Trend (2024-2032)
   13.4   South Africa
       13.4.1 Historical Trend (2018-2023)
       13.4.2 Forecast Trend (2024-2032)
   13.5   Others
14   Market Dynamics
   14.1   SWOT Analysis
       14.1.1   Strengths
       14.1.2   Weaknesses
       14.1.3   Opportunities
       14.1.4   Threats
   14.2   Porter’s Five Forces Analysis
       14.2.1   Supplier’s Power
       14.2.2   Buyer’s Power
       14.2.3   Threat of New Entrants
       14.2.4   Degree of Rivalry
       14.2.5   Threat of Substitutes
   14.3   Key Indicators for Demand
   14.4   Key Indicators for Price
15   Value Chain Analysis
16   Competitive Landscape
   16.1   Market Structure
   16.2   Company Profiles
       16.2.1   Covestro AG
           16.2.1.1   Company Overview
           16.2.1.2   Product Portfolio
           16.2.1.3   Demographic Reach and Achievements
           16.2.1.4   Certifications
       16.2.2   Celanese Corporation
           16.2.2.1   Company Overview
           16.2.2.2   Product Portfolio
           16.2.2.3   Demographic Reach and Achievements
           16.2.2.4   Certifications
       16.2.3   LANXESS AG
           16.2.3.1   Company Overview
           16.2.3.2   Product Portfolio
           16.2.3.3   Demographic Reach and Achievements
           16.2.3.4   Certifications
       16.2.4   BASF SE
           16.2.4.1   Company Overview
           16.2.4.2   Product Portfolio
           16.2.4.3   Demographic Reach and Achievements
           16.2.4.4   Certifications
       16.2.5   INEOS Group Holdings S.A.
           16.2.5.1   Company Overview
           16.2.5.2   Product Portfolio
           16.2.5.3   Demographic Reach and Achievements
           16.2.5.4   Certifications
       16.2.6   Evonik Industries AG
           16.2.6.1   Company Overview
           16.2.6.2   Product Portfolio
           16.2.6.3   Demographic Reach and Achievements
           16.2.6.4   Certifications
       16.2.7   Others
17   Key Trends and Developments in the Market

Additional Customisations Available

1   Manufacturing Process
   1.1   Overview
   1.2   Detailed Process Flow
   1.3   Operation Involved
2   Project Requirement and Cost Analysis
   2.1   Land, Location and Site Development
   2.2   Construction
   2.3   Plant Machinery
   2.4   Cost of Raw Material
   2.5   Packaging
   2.6   Transportation
   2.7   Utilities
   2.8   Manpower
   2.9   Other Capital Investment

List of Key Figures and Tables

1.   Global Thermosetting Plastics Market: Key Industry Highlights, 2018 and 2032
2.   Global Thermosetting Plastics Historical Market: Breakup by Type (USD Million), 2018-2023
3.   Global Thermosetting Plastics Market Forecast: Breakup by Type (USD Million), 2024-2032
4.   Global Thermosetting Plastics Historical Market: Breakup by End-User Industry (USD Million), 2018-2023
5.   Global Thermosetting Plastics Market Forecast: Breakup by End-User Industry (USD Million), 2024-2032
6.   Global Thermosetting Plastics Historical Market: Breakup by Region (USD Million), 2018-2023
7.   Global Thermosetting Plastics Market Forecast: Breakup by Region (USD Million), 2024-2032
8.   North America Thermosetting Plastics Historical Market: Breakup by Country (USD Million), 2018-2023
9.   North America Thermosetting Plastics Market Forecast: Breakup by Country (USD Million), 2024-2032
10.   Europe Thermosetting Plastics Historical Market: Breakup by Country (USD Million), 2018-2023
11.   Europe Thermosetting Plastics Market Forecast: Breakup by Country (USD Million), 2024-2032
12.   Asia Pacific Thermosetting Plastics Historical Market: Breakup by Country (USD Million), 2018-2023
13.   Asia Pacific Thermosetting Plastics Market Forecast: Breakup by Country (USD Million), 2024-2032
14.   Latin America Thermosetting Plastics Historical Market: Breakup by Country (USD Million), 2018-2023
15.   Latin America Thermosetting Plastics Market Forecast: Breakup by Country (USD Million), 2024-2032
16.   Middle East and Africa Thermosetting Plastics Historical Market: Breakup by Country (USD Million), 2018-2023
17.   Middle East and Africa Thermosetting Plastics Market Forecast: Breakup by Country (USD Million), 2024-2032
18.   Global Thermosetting Plastics Market Structure

Key Questions Answered in the Report

What is the growth rate of the global thermosetting plastics market?

The global thermosetting plastics market is projected to grow at a CAGR of 5.2% in the forecast period of 2024-2032.

What are the major industry drivers of the market?

The industry for thermosetting plastics is being driven by favourable physical and chemical properties like chemical and heat resistance, high structural integrity, and durability, thus boosting the demand of the product for various industrial applications.

What are the key industry trends of the global thermosetting plastics market?

The global market for thermosetting plastics is being propelled by the heightened demand for epoxy and unsaturated polymers from the construction industry.

What are the major regional markets of thermosetting plastics, according to the EMR report?

The major regional markets for thermosetting plastics are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

What are the different types of thermosetting plastics?

The different types of thermosetting plastics are unsaturated polyesters, polyurethanes, phenolic, epoxy, amino, alkyd, and vinyl ester, among others.

What are the significant end-user industries of thermosetting plastics?

The significant end-user industries of thermosetting plastics are construction, adhesive and sealants, electronics and appliances, and automotive, among others.

Who are the key industry players, according to the report?

The major players in the industry are Covestro AG, Celanese Corporation, LANXESS AG, BASF SE, INEOS Group Holdings S.A., and Evonik Industries AG, among others.

Analyst Review

The global thermosetting plastics market is driven by rising demand for the excellent chemical and physical properties of the product from various end-user industries. Aided by rising construction activities, the market is expected to grow at a CAGR of 5.2% in the forecast period of 2024-2032.

EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. The market, on the basis of type, can be segmented into unsaturated polyesters, polyurethanes, phenolic, epoxy, amino, alkyd, and vinyl ester, among others. Based on end-user industries, the market can be categorised into construction, adhesive and sealants, electronics and appliances, and automotive, among others. The major regional markets for thermosetting plastics are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. They key players in the industry are Covestro AG, Celanese Corporation, LANXESS AG, BASF SE, INEOS Group Holdings S.A., and Evonik Industries AG, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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