Thermosetting Plastics Market
Thermosetting Plastics Market - Global Industry Analysis 2014 - 2018 and Forecast 2019 - 2029
Thermosetting Plastics Market Segmented By type such as Alkyds, Epoxies, Amino, Polyurethane, Phenolic and Vinyl Ester Resin
Thermosetting Plastics Market: Introduction
Thermosetting plastics are polymers which irreversibly become rigid when subjected to heat treatment. Thermosetting plastics are also referred to as thermosets or thermosetting polymers. Initially the material used to give rise to thermosetting plastic occurs as a liquid or a soft solid.
When the substance is subjected to heat treatment, heat provides the necessary energy which gives rise to chemical reactions and thereby increases the cross-linking between polymer chains. This gives rise to a new material better known as thermosetting plastic.
Thermosetting plastics possess greater strength in comparison to thermoplastics due to the three dimensional network of bonds visible in the chemical structure of the material. Another notable property possesses by thermosetting plastics is their applicability in high temperature applications up to decomposition temperature.
This is because their shape as strong covalent bonds between polymer chains cannot be broken easily. Higher aromatic content and cross-link intensity of the thermosetting plastic will lend the thermosetting plastic higher resistance to heat degradation and chemical attack. Higher cross-link density of thermosetting plastic also improves their mechanical strength and hardness, but however they turn brittle and decompose before melting.
The limitation possessed by thermosetting plastics is that they can be melted and remolded after they are cured. This property of thermosetting plastics limits the ability of the material to be recycled. When thermosetting plastics are compounded with fibers, they form fiber-reinforced polymer composites.
These products formed from compounding thermosetting plastic are used in the fabrication of factory-finished structural composites for original equipment manufacturers and replacement parts, composite repair, and protection materials.
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Market Dynamics - Thermosetting Plastics Market:
With the increasing number of construction projects across the globe consisting of a high rate of residential and commercial projects in turn is expected to spur the demand of thermosetting plastics. This is due to the fact that requirement of adhesives and sealants, thermal insulating materials, roofing materials, pipes in each planned building.
Moreover, thermosetting plastics also find application in the repair and rehabilitation of civil structures. One of the major restraints which is likely to have an adverse impact on the market for thermosetting plastics is its inability to be recycled and remolded into new products.
In addition, the lack of labor and expertise required to fabricate products by making use of thermosetting plastics is also hindering the growth of the thermosetting plastics market.
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Thermosetting Plastics Market: Market Segmentation
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Market Research Methodology - Perfected through Years of Diligence
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Thermosetting Plastics Market: Regional Outlook
With the increasing habitation, urbanization rate and increasing construction activity happening in the regions of North America, East Asia, and South Asia, the thermoplastics market is said to be benefited from the same. On the regional front, the Asia Pacific is expected to dominate the market during the forecast period.
China and India are expected to lead the market for thermosetting plastics. In addition, Governmental efforts undertaken by ruling Governments in India and China to develop smart cities and develop modern infrastructure is likely to contribute significantly to the growth of the thermosetting plastics market.
North America is expected to be the second most dominant market on account of a rise in the number of approvals granted for residential complexes and single family homes. Europe, Africa and Latin America are expected to showcase moderate growth of the thermosetting plastics market during the forecast period.
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Thermosetting Plastics: Key Market Participants
Some of the key market participants in the global thermosetting plastics market are:
- Arkema SA
- Asahi Kasei Corporation
- BASF SE
- Celanese Corporation
- Chevron Phillips Chemical Company L P
- Daicel Corporation
- Dow Chemicals
- Eastman Chemical Company
- Evonik Industries AG
- Lanxess AG
- LG Chem Ltd.
- Lyondell Basell Industries
- Mitsubishi Engineering Plastic Corporation
- Polyplastic Co. Ltd.
- Royal DSM NV
- SABIC Innovative Plastics
- Solvay Plastics
The Thermosetting Plastics market research report presents a comprehensive assessment of the Thermosetting Plastics market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The Thermosetting Plastics market research report provides analysis and information according to market segments such as geographies, end use operation and application.
The Thermosetting Plastics Market report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size of Thermosetting Plastics
- Supply & Demand of Thermosetting Plastics
- Current Trends/Issues/Challenges
- Competition & Companies involved in the Thermosetting Plastics market
- Value Chain
Regional analysis of the Thermosetting Plastics Market includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordics)
- Eastern Europe (Russia, Poland, CIS)
- Asia-Pacific (China, India, ASEAN, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The Thermosetting Plastics market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of Thermosetting Plastics market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The Thermosetting Plastics market report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of Thermosetting Plastics market
- Changing market dynamics in the Thermosetting Plastics industry
- In-depth market segmentation of the Thermosetting Plastics market
- Historical, current and projected market size of the Thermosetting Plastics market in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for Thermosetting Plastics market players to sustain and enhance their market footprint