Global Thermosetting Plastics Market - Segmented by Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4514946
  • Report
  • Region: Global
  • 146 pages
  • Mordor Intelligence
until Mar 31st 2019
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  • A. Schulman Inc.
  • DowDuPont
  • Lanxess AG
  • Polyplastic Co. Ltd
  • SABIC Innovative Plastics
  • MORE
The market for thermosetting plastics is expected to register a significant growth during the forecast period, 2018 to 2023. This tremendous growth is significantly driven by the growing demand for thermosetting plastics in growing construction industry.

Growing Construction Industry

Thermosetting plastics, such as polyurethane, epoxy, and phenolic are widely employed in paints & coating applications in the construction industry, one of the major end-use industries for the global market. The main applications of thermosets and thermoset-matrix composites in building and construction include adhesives and sealants, thermal insulation, roofing, piping, bridge structures, and repair and rehabilitation of civil structures. The rapid growth of construction industry with emerging trends, like the use of fiber-reinforced polymer composites for the rehabilitation of aging structures is anticipated to have a deeper impact on the global thermosetting plastics market in expanding the market size.

Polyurethane Segment to Dominate the Market

Polyurethane segment holds the major market share among the others, in 2017. The demand for the thermoset polyurethane market is likely to grow owing to its significant use in construction in the form of thermal insulators, flooring materials, and sealants. PU rigid foam market due to the excellent insulation properties is gaining considerable importance in various end-user industries. PU is also used in automotive industry for the manufacturing of seating and interior components, such as armrest, headrest, headliners, and dashboard. Trend towards adopting lightweight and high-performance material in vehicle manufacturing to improve fuel efficiency is likely to fuel the demand.

Asia-Pacific to Ignite the Market Growth

In 2017, Asia-Pacific accounted the largest regional market for thermosetting plastics with more than 35% of the global market share. Asia Pacific thermosetting plastics market is anticipated to witness highest growth supported by the demand from major end-use industries, such as construction, furniture, electronic, and automotive. Especially in China, the demand for thermosetting plastics has grown at a fast pace from recent years, which further strengthens the position of Asia-Pacific region in the global thermosetting plastics market.

Key Developments in the Market

March 2018: BASF launched a new product Basotect, which is flexible and open cell foam made of thermosetting melamine resin. It is an ideal material for architects for the fine-tuning of room acoustics

Major Players: BASF Corporation, DowDuPont, Evonik Industries AG, Royal DSM NV and Solvay Plastics, amongst others.

Reasons to Purchase this Report

Identify the Current and future global thermosetting plastics market in the developed and emerging markets

Analyze various perspectives of the market with the help of Porter’s five forces analysis

Information of the segment that is expected to dominate the market

Identify the region that is expected to witness fastest growth during the forecast period

Identify the latest developments, market shares, and strategies employed by the major market players

3-month analyst support, along with the Market Estimate sheet in excel

Customization of the Report

This report can be customized to meet your requirements.
Note: Product cover images may vary from those shown
2 of 5


  • A. Schulman Inc.
  • DowDuPont
  • Lanxess AG
  • Polyplastic Co. Ltd
  • SABIC Innovative Plastics
  • MORE
1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report

2. Executive Summary

3. Market Insights
3.1 Industry Value-chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Technological Snapshot

4. Market Dynamics
4.1 Drivers
4.1.1 Growing Construction Industry
4.1.2 Rising Demand for Polyurethane in Automtive Industry
4.2 Restraints
4.2.1 Volatility in Prices of Raw Materials
4.2.2 Stringent Government Regulations
4.3 Opportunities
4.3.1 Growing Demand for Bio-Based Thermosetting Plastics
4.3.2 Emerging Applications in Composites

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Type
5.1.1 Alkyds (Polyester resin)
5.1.2 Epoxies (Epoxy resin)
5.1.3 Amino (Urea / Melamine)
5.1.4 Polyurethane
5.1.5 Phenolic
5.1.6 Vinyl Ester Resin
5.1.7 Others
5.2 By Industry
5.2.1 Construction
5.2.2 Adhesives & Sealants
5.2.3 Electronics and Appliances
5.2.4 Automotive
5.2.5 Others

6. Regional Analysis (Market Size, Growth, and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 France
6.3.5 Russia
6.3.6 Nordic Countries
6.3.7 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Qatar
6.5.4 Rest of Middle East & Africa

7. Future of the Market

8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players

9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
9.1 Arkema SA
9.2 Asahi Kasei Corporation
9.4 DowDuPont
9.5 Celanese Corporation
9.6 Chevron Phillips Chemical Company LP
9.7 LyondellBasell Industries
9.8 Daicel Corporation
9.9 Eastman Chemical Company
9.10 Evonik Industries AG
9.11 Lanxess AG
9.12 LG Chem Ltd
9.13 Mitsubishi Engineering Plastic Corporation
9.14 Polyplastic Co. Ltd
9.15 Royal DSM NV
9.16 SABIC Innovative Plastics
9.17 Solvay Plastics
9.18 Teijin Chemicals Limited
9.19 A. Schulman, Inc.
9.20 Rochling Group
*list not exhaustive

10. Disclaimer
** Subject to availability on public domain
Note: Product cover images may vary from those shown
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  • Arkema SA
  • Asahi Kasei Corporation
  • DowDuPont
  • Celanese Corporation
  • Chevron Phillips Chemical Company LP
  • LyondellBasell Industries
  • Daicel Corporation
  • Eastman Chemical Company
  • Evonik Industries AG
  • Lanxess AG
  • LG Chem Ltd
  • Mitsubishi Engineering Plastic Corporation
  • Polyplastic Co. Ltd
  • Royal DSM NV
  • SABIC Innovative Plastics
  • Solvay Plastics
  • Teijin Chemicals Limited
  • A. Schulman Inc.
  • Rochling Group.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown