Thermoset Resin Market : Global Industry Analysis and Forecast (2022-2029)


Thermoset Resin Market size is expected to reach US$ 97.02 Bn. by 2029, at a CAGR of 6.65% during the forecast period.

The report covers the detailed analysis of the global thermoset resin industry with the classifications of the market on the basis of resin, end-use industry and region. Analysis of past market dynamics from 2021 to 2029 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.

Thermoset resin is a polymer, which is irreversibly hardened by curing from viscus liquid or soft solid resin.Heat or suitable radiation is induced at the time of curing and may be promoted by high pressure, or mixing with catalyst.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

Thermoset Resin MarketTo Know About The Research Methodology :- Request Free Sample Report

The report has profiled key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation of market size. Manufacturing environment in each region is different and focus is given to regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed.

Thermoset Resin Market Dynamics

The growing demand from high-temperature application for thermoset resin as it is stronger than thermoplastics is major growth driver for global market. In addition to that, Rise in demand growth from various end-use applications due to superior set of properties such as high-heat resistance, dimensional stability, electrical insulation and superior performance as compared to other substitute products like metals and thermoplastics also drives market growth.

On the other hand, the environmental concerns is expected growth restraint for global thermoset resin market during forecast period as it cannot be reprocessed and recycled, and can neither be decomposed naturally.
Growth in demand for thermoset resin from aerospace & transportation due to need of weight reduction and technological advancement along with R&D activities, are expected to create more growth opportunities for global thermoset resin market.

Thermoset Resin Market, Segment Analysis

Based on resin, vinyl ester resin segment is expected to dominate the global thermoset resin market during forecast period. The vinyl ester segment held xx% of global market shares in 2021 and is expected to reach US$ xx Bn by 2029 at a CAGR of xx% during forecast period. The demand growth from corrosion-resistant containers such as fiberglass tanks and FRP pipes is major growth driver for vinyl ester resin in global thermoset resin market. In addition, rising demand from grating applications also helps in growth of vinyl ester segment.

On the basis of end-use industry, the automotive segment was major shareholder in 2021 and expected to remain major during forecast period.The growing demand from automotive components such as pump parts, pistons, wheel, carbon brush holder, electrical endplates, panels, vacuum pumps, water pump housings, pedals and electrical encapsulation, is expected to drive growth of automotive segment in global market during forecast period. Also, the properties like high heat tolerance, fatigue resistance and 30-40% lighter than aluminum helps in growth by increasing demand. The automotive segment was valued at US$xx Bn in 2021 and is expected to grow at a CAGR of xx% during forecast period to reach US$ xx Bn by 2029.

Thermoset Resin Market Regional Insights

Asia-Pacific held major shares in global thermoset resin market in 2021 up to 32%. According to International Trade Administration (ITA), the China held major shares in demand for thermoset resin from civil aerospace parts and aviation services. The India is also registering growth in civil aviation sector. Thus, growth of aerospace sector in Asia-Pacific drives the growth of global market in region. Asia-pacific is expected to reach US$ xx Bn by 2029 at a CAGR of xx% during forecast period.

The report helps in understanding thermoset resin market dynamics, structure, by analyzing the market segments and projects the global thermoset resin market size. The clear representation of competitive analysis of key players By Resin, price, financial position, product portfolio, growth strategies, and regional presence in the global thermoset resin market make the report investor’s guide.

The Report provides detail study of the key players of global thermoset resin market with their growth by conserving past data. In addition to that report helps reader with the company profile, Company Overview, Financial Overview, Product Portfolio, Business Strategy, Recent Developments and Development Footprint analysis and growth strategies for each.

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Global Market




Report Coverage
Details




Base Year:
2021
Forecast Period:
2022-2029




Historical Data:
2017 to 2021
Market Size in 2021:
US $ 57.96 Bn.




Forecast Period 2022 to 2029 CAGR:
6.65%
Market Size in 2029:
US $ 97.02 Bn.




 Segments Covered:
by Resin
• Vinyl Ester
• Epoxy
• Polyester
• Polyamide
• Others




by End-Use Industry
• Automotive
• Aircraft &Defense
• Electrical & Electronics
• Industrial
• Marine
• Others






Thermoset Resin Market, by Region

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East & Africa

Thermoset Resin Market Key Players

• AkzoNobel
• DSM
• National Petrochemical Company (NPC)
• DowDuPont
• Evonik
• AEP Industries
• Teijin Chemicals
• Cridel
• American Packaging Corporation
• Saudi Kayan Petrochemical
• North American Pipe Corporation
• Shell Oil Company
• Hexion
• Reliance Industries
• GAIL

Frequently Asked Questions:

1. Which region has the largest share in Global Thermoset Resin Market?
Ans: Asia-Pacific region held the highest share in 2021.

2. What is the growth rate of Global Thermoset Resin Market?
Ans: The Global Thermoset Resin Market is growing at a CAGR of 6.65% during forecasting period 2022-2029.

3. What is scope of the Global Thermoset Resin market report?
Ans: Global Thermoset Resin 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 Thermoset Resin market?
Ans: The important key players in the Global Thermoset Resin Market are – AkzoNobel, DSM, National Petrochemical Company (NPC), DowDuPont, Evonik, AEP Industries, Teijin Chemicals, Cridel, American Packaging Corporation, Saudi Kayan Petrochemical, North American Pipe Corporation, Shell Oil Company, Hexion, Reliance Industries, and GAIL

5. What is the study period of this market?
Ans: The Global Thermoset Resin Market is studied from 2021 to 2029. 





Global Thermoset Resin Market

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 Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources

3. Executive Summary: Global Thermoset Resin Market Size, by Market Value (US$ Bn)
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 Thermoset Resin Market
3.4. Geographical Snapshot of the Thermoset Resin Market, By Manufacturer share

4. Global Thermoset Resin Market Overview, 2021-2029
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 Products
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 Thermoset Resin Market

5. Supply Side and Demand Side Indicators

6. Global Thermoset Resin Market Analysis and Forecast, 2021-2029
6.1. Global Thermoset Resin Market Size & Y-o-Y Growth Analysis.

7. Global Thermoset Resin Market Analysis and Forecasts, 2021-2029
7.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
7.1.1. Vinyl Ester
7.1.2. Epoxy
7.1.3. Polyester
7.1.4. Polyamide
7.1.5. Others
7.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029
7.2.1. Automotive
7.2.2. Aircraft &Defense
7.2.3. Electrical & Electronics
7.2.4. Industrial
7.2.5. Marine
7.2.6. Others

8. Global Thermoset Resin Market Analysis and Forecasts, By Region
8.1. Market Size (Value) Estimates & Forecast By Region, 2021-2029
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 Thermoset Resin Market Analysis and Forecasts, 2021-2029
9.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
9.1.1. Vinyl Ester
9.1.2. Epoxy
9.1.3. Polyester
9.1.4. Polyamide
9.1.5. Others
9.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029
9.2.1. Automotive
9.2.2. Aircraft &Defense
9.2.3. Electrical & Electronics
9.2.4. Industrial
9.2.5. Marine
9.2.6. Others

10. North America Thermoset Resin Market Analysis and Forecasts, By Country
10.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029
10.1.1. US
10.1.2. Canada
10.1.3. Mexico

11. U.S. Thermoset Resin Market Analysis and Forecasts, 2021-2029
11.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
11.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

12. Canada Thermoset Resin Market Analysis and Forecasts, 2021-2029
12.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
12.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

13. Mexico Thermoset Resin Market Analysis and Forecasts, 2021-2029
13.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
13.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

14. Europe Thermoset Resin Market Analysis and Forecasts, 2021-2029
14.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
14.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

15. Europe Thermoset Resin Market Analysis and Forecasts, By Country
15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029
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. Thermoset Resin Market Analysis and Forecasts, 2021-2029
16.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
16.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

17. France Thermoset Resin Market Analysis and Forecasts, 2021-2029
17.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
17.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

18. Germany Thermoset Resin Market Analysis and Forecasts, 2021-2029
18.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
18.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

19. Italy Thermoset Resin Market Analysis and Forecasts, 2021-2029
19.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
19.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

20. Spain Thermoset Resin Market Analysis and Forecasts, 2021-2029
20.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
20.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

21. Sweden Thermoset Resin Market Analysis and Forecasts, 2021-2029
21.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
21.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

22. CIS Countries Thermoset Resin Market Analysis and Forecasts, 2021-2029
22.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
22.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

23. Rest of Europe Thermoset Resin Market Analysis and Forecasts, 2021-2029
23.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
23.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

24. Asia Pacific Thermoset Resin Market Analysis and Forecasts, 2021-2029
24.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
24.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

25. Asia Pacific Thermoset Resin Market Analysis and Forecasts, by Country
25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029
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 Thermoset Resin Market Analysis and Forecasts, 2021-2029
26.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
26.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

27. India Thermoset Resin Market Analysis and Forecasts, 2021-2029
27.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
27.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

28. Japan Thermoset Resin Market Analysis and Forecasts, 2021-2029
28.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
28.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

29. South Korea Thermoset Resin Market Analysis and Forecasts, 2021-2029
29.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
29.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

30. Australia Thermoset Resin Market Analysis and Forecasts, 2021-2029
30.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
30.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

31. ASEAN Thermoset Resin Market Analysis and Forecasts, 2021-2029
31.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
31.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

32. Rest of Asia Pacific Thermoset Resin Market Analysis and Forecasts, 2021-2029
32.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
32.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

33. Middle East Africa Thermoset Resin Market Analysis and Forecasts, 2021-2029
33.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
33.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

34. Middle East Africa Thermoset Resin Market Analysis and Forecasts, by Country
34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029
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 Thermoset Resin Market Analysis and Forecasts, 2021-2029
35.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
35.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

36. GCC Countries Thermoset Resin Market Analysis and Forecasts, 2021-2029
36.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
36.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

37. Egypt Thermoset Resin Market Analysis and Forecasts, 2021-2029
37.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
37.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

38. Nigeria Thermoset Resin Market Analysis and Forecasts, 2021-2029
38.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
38.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

39. Rest of ME&A Thermoset Resin Market Analysis and Forecasts, 2021-2029
39.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
39.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

40. South America Thermoset Resin Market Analysis and Forecasts, 2021-2029
40.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
40.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

41. South America Thermoset Resin Market Analysis and Forecasts, by Country
41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029
41.1.1. Brazil
41.1.2. Argentina
41.1.3. Rest of South America

42. Brazil Thermoset Resin Market Analysis and Forecasts, 2021-2029
42.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
42.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

43. Argentina Thermoset Resin Market Analysis and Forecasts, 2021-2029
43.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
43.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

44. Rest of South America Thermoset Resin Market Analysis and Forecasts, 2021-2029
44.1. Market Size (Value) Estimates & Forecast By Resin, 2021-2029
44.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2021-2029

45. Competitive Landscape
45.1. Geographic Footprint of Major Players in the Global Thermoset Resin Market
45.2. Competition Matrix
45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment
45.2.2. New Product Launches and Product Enhancements
45.2.3. Market Consolidation
45.2.3.1. M&A by Regions, Investment and Applications
45.2.3.2. M&A Key Players, Forward Integration and Backward
Integration
45.3. Company Profile - AkzoNobel
45.3.1. Company Overview
45.3.2. Financial Overview
45.3.3. Geographic Footprint
45.3.4. Product Portfolio
45.3.5. Business Strategy
45.3.6. Recent Developments
45.4. DSM
45.5. National Petrochemical Company (NPC)
45.6. DowDuPont
45.7. Evonik
45.8. AEP Industries
45.9. Teijin Chemicals
45.10. Cridel
45.11. American Packaging Corporation
45.12. Saudi Kayan Petrochemical
45.13. North American Pipe Corporation
45.14. Shell Oil Company
45.15. Hexion
45.16. Reliance Industries
45.17. GAIL

46. Primary Key Insights
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