Recyclable Thermosets Market – Global Industry Analysis and Forecast (2023-2029)


Recyclable Thermosets Market size was valued at US$ 354.4Mn in 2022 and the total revenue is expected to grow at 3% through 2023 to 2029, reaching nearly US$ 435.9 Mn in the forecast period.

The global Recyclable Thermosets Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Recyclable Thermosets Market report also provides trends by market segments, Technology, and investment with a competitive landscape.Global Recyclable Thermosets MarketTo know about the Research Methodology :- Request Free Sample Report

Recyclable Thermosets Market Overview:

Thermoset polymers, employed car parts and electrical appliances, and provide durability and heat-resistant, but recycled thermosets can’t be easily recycled or broken down after the application. Thermosetting polymers are cross-linked and do not have remolding property, in disparity to thermoplastics which can easily be remelted. Some thermosetting polymers can be converted easily back to their original monomer, such as polyurethane.

Recyclable Thermosets Market Dynamics:

The global recyclable thermoset polymer is attracting consumers and has developed advances toward the new series and varieties of thermosets with recycling capacity. The recycling capacity and innovation are driving the market as it leads to the waste management and reuses of scrap material. The global thermoset market is forecast to grow at CAGR of 6.2% in the forecast period.

The increasing awareness regarding eco-friendly environment and avoiding the buildup of used polymers in landfills and unregulated places. The introduction of tax-cutting and rules and regulations imposed by the government authorities to reduce hazardous waste is driving the recyclable thermoset market. The research activities have shown results in the invention of polymer with the same physical and chemical properties with high performance concerning with thermoset have been developed and significantly boosted the growth of the market.

The importance of non-renewable resources like fossil fuel and generating awareness among consumers to reduce the use is motivating the use of recycled polymers in industrial applications. Additionally supported by the regulatory authorities is boosting the market growth.

Recyclable Thermosets Market Segment Analysis:

By Technology, the segment is trifurcated into Mechanical Process, Energy Recovery Process, Feedstock Process. The mechanical process is dominating the technological segment. The mechanical process involves cutting down recycling materials and bringing downsize of scrap to powder for reuse. The Scape is also converted to fibrous recycled material and ready to use as a raw material. The use of mechanical processes involves less labor power and is greatly driven in China and India due to the low cost of labor. A machine being fully automated process and no monitoring is majorly preferred. These factors are driving the mechanical process technology in the recyclable thermosets market.

Global Recyclable Thermosets MarketBy Thermoset Type, the segment is divided into Unsaturated Polyester Resin, Epoxy Resin, Phenolic Resin, Polyurethane Resin, and Other. Epoxy resins are dominating the recyclable thermoset market. Owed to the utilization of epoxy resins in transport, aerospace, and defense, and power and electronics industries.

Epoxy resins are expensive to produce any other resins owing to the cost of raw material used in manufacturing and the production is more complicated with a low tolerance for errors.

By End-Use, the segment is categorized into Building & Construction, Transportation, Wind Energy, Electricals & Electronics, and others. The sub-segment wind energy is dominating the end-user industry. The wind energy market to estimate to grow by 4.2% in the forecast period and is likely to generate USD 182 billion in the forecast period.

Thermosets have largely used wind turbine blades and are primarily made of material fiberglass infused with thermosets resins. Thermosets are replaced by thermoplastics. As thermoplastic cannot bear more heat. As epoxy resins are designed applications requiring high-temperature resistance, good electrical insulation performance, and UV resistance.

Recyclable Thermosets Market Regional Insights:

Recyclable thermosets market are regionally segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.

North America is dominating the recyclable thermoset market in terms of global consumption. And the market share of North America is 24% in terms of consumption. The dominating country of North America is Canada and the region has established recyclable thermostats industries due to growing manufacturing of aerospace and aircraft industries, ship and car manufacturing.

The Asia Pacific second dominating the Recyclable Thermosets Market and is predicted to grow by 9.8% in the forecast period. The growing end-user Industry like automotive and building and construction, aerospace, aircraft manufacturing is driving the Recyclable Thermosets Market. The dominating countries of Asia Pacific are Japan, China, India growing with Urbanization and industrialization due to the growing population and the consumer demand.

The objective of the report is to present a comprehensive analysis of the global Recyclable Thermosets Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Recyclable Thermosets Market dynamics, structure by analyzing the market segments and project the global Recyclable Thermosets Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the global Recyclable Thermosets Market make the report investor’s guide.

Recyclable Thermosets Market Scope: Inquire before buying






Global Recyclable Thermosets Market




Report Coverage
Details




Base Year:
2022
Forecast Period:
2023-2029




Historical Data:
2017 to 2022
Market Size in 2022:
US $ 354.47 Mn.




Forecast Period 2023 to 2029 CAGR:
3%
Market Size in 2029:
US $ 435.95 Mn.




 Segments Covered:
by Technology
• Mechanical Process
• Energy Recovery Process
• Feedstock Process




by Thermoset Type
• Unsaturated Polyester Resin
• Epoxy Resin
• Phenolic Resin
• Polyurethane Resin
• Other




by End-Use
• Building & Construction
• Transportation
• Wind Energy
• Electricals & Electronics
• other






Recyclable Thermosets Market, by Region

• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America

Recyclable Thermosets Market, Key Players are:

• Connora Technologies
• Adesso Advanced Materials Inc
• Mallinda
• INTCO Recycling
• CVC Thermoset Specialties
• Total Plastics, Inc
• Copps Industries, Inc
• Magnolia Plastics, Inc.
• Koch Knight LLC

Frequently Asked Questions:

1. Which region has the largest share in Global Recyclable Thermosets Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Recyclable Thermosets Market?
Ans: The Global Recyclable Thermosets Market is expected to grow at a CAGR of 3% during forecast period 2023-2029.

3. What is scope of the Global Recyclable Thermosets market report?
Ans: Global Recyclable Thermosets Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Recyclable Thermosets market?
Ans: The important key players in the Global Recyclable Thermosets Market are – Connora Technologies, Adesso Advanced Materials Inc, Mallinda, INTCO Recycling, CVC Thermoset Specialties, Total Plastics, Inc, Copps Industries, Inc, Magnolia Plastics, Inc., and Koch Knight LLC

5. What is the study period of this market?
Ans: The Global Recyclable Thermosets Market is studied from 2022 to 2029. 




1. Preface
1.1. Market Definition and Key Research Objectives
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Thermoset Types
2.3.2. Primary Research
2.3.2.1. Data from Primary Thermoset Types
2.3.2.2. Breakdown of Primary Thermoset Types
3. Executive Summary: Global Recyclable Thermosets Market Size, by Market Value (US$ Mn)
3.1. Global Market Segmentation
3.2. Global Market Segmentation Share Analysis, 2021
3.2.1. Global
3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
3.3. Geographical Snapshot of the Recyclable Thermosets Market
3.4. Geographical Snapshot of the Recyclable Thermosets Market, By Manufacturer share
4. Global Recyclable Thermosets Market Overview, 2023-2029
4.1. Market Dynamics
4.1.1. Drivers
4.1.1.1. Global
4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.2. Restraints
4.1.2.1. Global
4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.3. Opportunities
4.1.3.1. Global
4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.4. Challenges
4.1.4.1. Global
4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.5. Industry Trends and Emerging Technologies
4.1.6. Porters Five Forces Analysis
4.1.6.1. Threat of New Entrants
4.1.6.2. Bargaining Power of Buyers/Consumers
4.1.6.3. Bargaining Power of Suppliers
4.1.6.4. Threat of Substitute Grades
4.1.6.5. Intensity of Competitive Rivalry
4.1.7. Value Chain Analysis
4.1.8. Technological Roadmap
4.1.9. Regulatory landscape
4.1.10. Impact of the Covid-19 Pandemic on the Global Recyclable Thermosets Market
5. Supply Side and Demand Side Indicators
6. Global Recyclable Thermosets Market Analysis and Forecast, 2023-2029
6.1. Global Recyclable Thermosets Market Size & Y-o-Y Growth Analysis.
7. Global Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
7.1. Market Size (Value) Estimates & Forecast By Technology, 2023-2029
7.1.1. Mechanical Process
7.1.2. Energy Recovery Process
7.1.3. Feedstock Process
7.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
7.2.1. Unsaturated Polyester Resin
7.2.2. Epoxy Resin
7.2.3. Phenolic Resin
7.2.4. Polyurethane Resin
7.2.5. Other
7.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
7.3.1. Building & Construction
7.3.2. Transportation
7.3.3. Wind Energy
7.3.4. Electricals & Electronics
7.3.5. other
8. Global Recyclable Thermosets Market Analysis and Forecasts, By Region
8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2029
8.1.1. North America
8.1.2. Europe
8.1.3. Asia-Pacific
8.1.4. Middle East & Africa
8.1.5. South America
9. North America Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
9.1. Market Size (Value) Estimates & Forecast By Technology, 2023-2029
9.1.1. Mechanical Process
9.1.2. Energy Recovery Process
9.1.3. Feedstock Process
9.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
9.2.1. Unsaturated Polyester Resin
9.2.2. Epoxy Resin
9.2.3. Phenolic Resin
9.2.4. Polyurethane Resin
9.2.5. Other
9.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
9.3.1. Building & Construction
9.3.2. Transportation
9.3.3. Wind Energy
9.3.4. Electricals & Electronics
9.3.5. Other
10. North America Recyclable Thermosets Market Analysis and Forecasts, By Country
10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2029
10.1.1. US
10.1.2. Canada
10.1.3. Mexico
11. U.S. Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
11.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
11.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
11.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
12. Canada Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
12.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
12.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
12.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
13. Mexico Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
13.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
13.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
13.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
14. Europe Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
14.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
14.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
14.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
15. Europe Recyclable Thermosets Market Analysis and Forecasts, By Country
15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2029
15.1.1. U.K
15.1.2. France
15.1.3. Germany
15.1.4. Italy
15.1.5. Spain
15.1.6. Sweden
15.1.7. CIS Countries
15.1.8. Rest of Europe
16. U.K Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
16.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
16.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
16.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
17. France Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
17.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
17.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
17.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
18. Germany Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
18.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
18.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
18.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
19. Italy Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
19.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
19.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
19.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
20. Spain Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
20.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
20.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
20.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
21. Sweden Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
21.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
21.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
21.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
22. CIS Countries Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
22.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
22.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
22.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
23. Rest of Europe Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
23.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
23.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
23.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
24. Asia Pacific Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
24.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
24.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
24.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
25. Asia Pacific Recyclable Thermosets Market Analysis and Forecasts, by Country
25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2029
25.1.1. China
25.1.2. India
25.1.3. Japan
25.1.4. South Korea
25.1.5. Australia
25.1.6. ASEAN
25.1.7. Rest of Asia Pacific
26. China Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
26.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
26.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
26.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
27. India Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
27.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
27.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
27.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
28. Japan Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
28.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
28.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
28.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
29. South Korea Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
29.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
29.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
29.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
30. Australia Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
30.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
30.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
30.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
31. ASEAN Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
31.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
31.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
31.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
32. Rest of Asia Pacific Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
32.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
32.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
32.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
33. Middle East Africa Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
33.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
33.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
33.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
34. Middle East Africa Recyclable Thermosets Market Analysis and Forecasts, by Country
34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2029
34.1.1. South Africa
34.1.2. GCC Countries
34.1.3. Egypt
34.1.4. Nigeria
34.1.5. Rest of ME&A
35. South Africa Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
35.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
35.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
35.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
36. GCC Countries Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
36.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
36.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
36.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
37. Egypt Diamond Wire e Market Analysis and Forecasts, 2023-2029
37.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
37.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
37.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
38. Nigeria Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
38.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
38.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
38.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
39. Rest of ME&A Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
39.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
39.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
39.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
40. South America Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
40.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
40.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
40.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
41. South America Recyclable Thermosets Market Analysis and Forecasts, by Country
41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2029
41.1.1. Brazil
41.1.2. Argentina
41.1.3. Rest of South America
42. Brazil Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
42.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
42.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
42.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
43. Argentina Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
43.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
43.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
43.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
44. Rest of South America Recyclable Thermosets Market Analysis and Forecasts, 2023-2029
44.1. Market Size (Value) Estimates & Forecast By Technology’s, 2023-2029
44.2. Market Size (Value) Estimates & Forecast By Thermoset Type, 2023-2029
44.3. Market Size (Value) Estimates & Forecast By End-Use, 2023-2029
45. Competitive Landscape
45.1. Geographic Footprint of Major Players in the Global Diamond Wire Market
45.2. Competition Matrix
45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Fiber Grades and R&D Investment
45.2.2. New Grade Launches and Grade Enhancements
45.2.3. Market Consolidation
45.2.3.1. M&A by Regions, Investment and Verticals
45.2.3.2. M&A, Forward Integration and Backward
Integration
45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
45.3. Company Profile : Key Players
45.3.1. Adesso Advanced Materials Inc
45.3.1.1. Company Overview
45.3.1.2. Financial Overview
45.3.1.3. Geographic Footprint
45.3.1.4. Grade Portfolio
45.3.1.5. Business Strategy
45.3.1.6. Recent Developments
45.3.2. Connora Technologies
45.3.3. Adesso Advanced Materials Inc
45.3.4. Mallinda
45.3.5. LLC
45.3.6. INTCO Recycling
45.3.7. CVC Thermoset Specialties
45.3.8. Total Plastics, Inc
45.3.9. Copps Industries, Inc
45.3.10. Magnolia Plastics, Inc.
45.3.11. Koch Knight LLC
46. Primary Key Insights
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