What is Thermosetting Polymer Market Scope?
A thermosetting polymer is defined as the polymer which is irreversibly hardened by curing of resin, soft solid and viscous liquid. It is also known as thermoset plastic. It is widely used in various industries such as electrical & electronics, automotive & transportation, and others. Significant use in construction in the form of thermal insulators, flooring materials, & sealants and rising living standards and population, growing demand in end-user markets and growth of construction industry are some of the major drivers which are propelling the growth of the market.
The Thermosetting Polymer market study is being classified and major geographies with country level break-up. According to AMA, the Global Thermosetting Polymer market is expected to see growth rate of 4.5%
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global thermosetting polymer market can witness an upsurge in the forecast period Research Analyst at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Thermosetting Polymer market throughout the predicted period.
Saudi Kayan Petrochemical Co. (Saudi Arabia), American Packaging Corporation (United States), AEP Industries Inc (United States), The Dow Chemical Company (United States), Teijin Chemicals (Japan), North American Pipe Corporation (United States), Reliance Industries Limited (India), DuPont Corporation (United States), Gail Limited (India) and National Petrochemical Company (Iran) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Thermosetting Polymer market by Type, Application and Region.
On the basis of geography, the market of Thermosetting Polymer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On January 2017, the Showa Denko K. K (Japan) Company had collaborated with Eternal Materials Corporation Limited (China). It will increase the production capacity and consolidate its thermosetting bulk molding compound business. This would help in increasing the customer base and expansion of the company in the future.
On March 2018, the BASF SE (Germany) Company had launched Basotect products, which is both flexible and open cell foam made of thermosetting melamine resin. This new product launch will help in strengthening the position of the company
Influencing Market Trend
- Technology Advancement of the Thermosetting Polymer
- Mounting need of thermosetting polymers (TP) for the production of composites used for fabrication
Market Drivers
- Rapid Growth of Construction Industry with Emerging Trends
- Increasing Usage of Thermosetting Polymer in Automotive Industry
Opportunities
- Rising Demand from Emerging Economics Such as India, China and Others
Restraints
- Availability of Substitute of Thermosetting Polymer Such as Recyclable Thermosets
- Regulation Regarding Environmental Impact
Challenges
- High Process of Thermosetting Polymer Products
Key Target Audience
Manufacturers of Thermosetting Polymer, Suppliers of Thermosetting Polymer, Wholesalers, Distributors and Retailers of Thermosetting Polymer, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
Customization available in this Study:
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