Press release
Thermoset Resin Market is expected to reach USD 58.81 Billion by 2030: Cognitive Market Research
Thermoset Resin Market is expected to reach USD 58.81 Billion by 2030: Cognitive Market Research
Thermoset resins are rigid polymeric materials that are resistant to higher temperatures than ordinary thermoplastics. These materials are normally made up of lines of polymers, which are highly cross-linked. This is used as adhesives, semiconductors, and integrated circuits. In addition, thermoset resin-based sandwich structures are increasingly used in aerospace, marine, automotive, transportation, and other high-technology industries. Several key benefits of thermoset resins include chemical & solvent resistance, the ability to form strong adhesive bonds and suitability for a variety of finishing operations. Furthermore, the thermosetting process is irreversible and the resin undergoes a cross-linking process that imparts high thermal stability, rigidity, and creep resistance. These resins are used in the liquid state and harden when cured at ambient temperature or by applying heat or UV light.
Summary:
The Global Thermoset Resin market was valued at USD 35.87 Billion in 2022 and is projected to reach USD 58.81 Billion by 2030, registering a CAGR of 6.5% for the forecast period 2023-2030.
Market Dynamics:
• Increasing demand for thermoset resin in automotive industries is a significant drives for growth of the global thermoset resin market
Thermoset resins are widely used in the automotive industries for manufacturing car components such as pump parts, pistons, carbon brush holders, pulleys, electrical endplates, panels, vacuum pumps, wheels, water pump housings, pedals, and electrical encapsulation. Furthermore, thermoset resins provide excellent mechanical properties, including high stiffness, strength, and impact resistance. These properties are crucial for automotive applications that require structural integrity and crashworthiness. Thus, the increasing automation production will require more thermoset resin which will act as a driver for the thermoset resin market.
Growing demand for thermoset resin in the various end-use industries is significantly driving the growth of the thermoset market.
• The high cost of the thermoset resin may hamper the growth of the thermoset resin market (Available on- https://www.cognitivemarketresearch.com/thermoset-resin-market-report)
Market Segmentation:
Type:
• Phenolic Resin
• Methyl Methacrylate Resin
• Epoxy Resin
• Polyurethane Resin
• Polyester Resin
End Use:
• Aerospace
• Marine
• Automotive
• Transportation
• Other
Get free sample pages of latest published Thermoset Resin Market Report: https://www.cognitivemarketresearch.com/thermoset-resin-market-report#request_sample
Competitive Analysis for Thermoset Resin Market:
• AkzoNobel
• DSM
• National Petrochemical Company (NPC)
• DowDuPont
• Evonik
• AEP Industries
• Teijin Chemicals
• Cridel
• American Packaging Corporation
• Saudi Kayan Petrochemical
• Shell Oil Company
• Hexion
• Reliance Industries
• GAIL
Regional Analysis:
In 2022, the Asia Pacific region dominated the thermoset resin market and largest market share in terms of revenue. This is due to increasing demand for lightweight materials and rising infrastructure projects and significant growth in various end-user industries including aerospace, automotive, construction, electronics, and others in the region. Furthermore, China is anticipated to remain a key consumer in the Asia Pacific region owing to its large manufacturing base along with growing demand from other countries such as India and Japan. Thus, this region is dominating the global thermoset resin market.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research Methodology Review Complete Research Methodology
Chapter 3 Executive Summary of Thermoset Resin Market
• 3.1 Global Thermoset Resin Market Size 2018 - 2030, (USD Million)
• 3.2 Global Thermoset Resin Value, Absolute & Opportunity Analysis
• 3.3 Global Thermoset Resin Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Thermoset Resin Market Statistics 2022: Snapshot
Chapter 4 Global Thermoset Resin Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Thermoset Resin Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Thermoset Resin Industry Mergers and Acquisition Analysis
• 5.3 Global Thermoset Resin New Launches Analysis
• 5.4 Company Categorization
• 5.5 Global Thermoset Resin Top Winning Strategies, by Manufacturers (2018-2022)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Thermoset Resin Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Thermoset Resin Market by End Use Segmentation Analysis (2018-2030)
Chapter 11 Global Thermoset Resin Market Regional Analysis
Chapter 12 North America Thermoset Resin Market Outlook (2018 - 2030)
Chapter 13 Europe Thermoset Resin Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Thermoset Resin Market Outlook (2018 - 2030)
Chapter 15 Latin America Thermoset Resin Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Thermoset Resin Market Outlook (2018 - 2030)
Chapter 17 Research Findings
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To know more the Thermoset Resin Market TOC click here: https://www.cognitivemarketresearch.com/thermoset-resin-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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