The Thermoset Resin Market size was valued at USD 70.31 Billion in 2024 and the total Thermoset Resin revenue is expected to grow at a CAGR of 6.65% from 2025 to 2032, reaching nearly USD 117.69 Billion. 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 2025 to 2032 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.To 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 2024 and is expected to reach US$ xx Bn by 2032 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 2024 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 2024 and is expected to grow at a CAGR of xx% during forecast period to reach US$ xx Bn by 2032.Thermoset Resin Market Regional Insights
Asia-Pacific held major shares in global thermoset resin market in 2024 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 2032 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 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.Thermoset Resin Market Scope: Inquire before buying
Global Thermoset Resin Market Report Coverage Details Base Year: 2024 Forecast Period: 2025-2032 Historical Data: 2019 to 2024 Market Size in 2024: USD 70.31 Bn. Forecast Period 2025 to 2032 CAGR: 6.65% Market Size in 2035: USD 117.69 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 (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Thermoset Resin Market, Key Players
1.AkzoNobel 2.DSM 3.National Petrochemical Company (NPC) 4.DowDuPont 5.Evonik 6.AEP Industries 7.Teijin Chemicals 8.Cridel 9. American Packaging Corporation 10.Saudi Kayan Petrochemical 11.North American Pipe Corporation 12.Shell Oil Company 13.Hexion 14.Reliance Industries 15.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 2024. 2. What was the Global Market size in 2024? Ans: The Global Market size was USD 70.31 Billion in 2024. 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 market? Ans: The important key players in the Global 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 2024 to 2032.
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, 2024-2032 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, 2024-2032 6.1. Global Thermoset Resin Market Size & Y-o-Y Growth Analysis. 7. Global Thermoset Resin Market Analysis and Forecasts, 2024-2032 7.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 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, 2024-2032 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, 2024-2032 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, 2024-2032 9.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 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, 2024-2032 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, 2024-2032 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Thermoset Resin Market Analysis and Forecasts, 2024-2032 11.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 11.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 12. Canada Thermoset Resin Market Analysis and Forecasts, 2024-2032 12.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 12.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 13. Mexico Thermoset Resin Market Analysis and Forecasts, 2024-2032 13.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 13.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 14. Europe Thermoset Resin Market Analysis and Forecasts, 2024-2032 14.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 14.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 15. Europe Thermoset Resin Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2024-2032 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, 2024-2032 16.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 16.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 17. France Thermoset Resin Market Analysis and Forecasts, 2024-2032 17.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 17.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 18. Germany Thermoset Resin Market Analysis and Forecasts, 2024-2032 18.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 18.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 19. Italy Thermoset Resin Market Analysis and Forecasts, 2024-2032 19.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 19.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 20. Spain Thermoset Resin Market Analysis and Forecasts, 2024-2032 20.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 20.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 21. Sweden Thermoset Resin Market Analysis and Forecasts, 2024-2032 21.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 21.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 22. CIS Countries Thermoset Resin Market Analysis and Forecasts, 2024-2032 22.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 22.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 23. Rest of Europe Thermoset Resin Market Analysis and Forecasts, 2024-2032 23.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 23.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 24. Asia Pacific Thermoset Resin Market Analysis and Forecasts, 2024-2032 24.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 24.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 25. Asia Pacific Thermoset Resin Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2024-2032 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, 2024-2032 26.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 26.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 27. India Thermoset Resin Market Analysis and Forecasts, 2024-2032 27.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 27.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 28. Japan Thermoset Resin Market Analysis and Forecasts, 2024-2032 28.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 28.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 29. South Korea Thermoset Resin Market Analysis and Forecasts, 2024-2032 29.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 29.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 30. Australia Thermoset Resin Market Analysis and Forecasts, 2024-2032 30.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 30.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 31. ASEAN Thermoset Resin Market Analysis and Forecasts, 2024-2032 31.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 31.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 32. Rest of Asia Pacific Thermoset Resin Market Analysis and Forecasts, 2024-2032 32.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 32.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 33. Middle East Africa Thermoset Resin Market Analysis and Forecasts, 2024-2032 33.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 33.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 34. Middle East Africa Thermoset Resin Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2024-2032 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, 2024-2032 35.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 35.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 36. GCC Countries Thermoset Resin Market Analysis and Forecasts, 2024-2032 36.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 36.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 37. Egypt Thermoset Resin Market Analysis and Forecasts, 2024-2032 37.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 37.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 38. Nigeria Thermoset Resin Market Analysis and Forecasts, 2024-2032 38.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 38.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 39. Rest of ME&A Thermoset Resin Market Analysis and Forecasts, 2024-2032 39.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 39.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 40. South America Thermoset Resin Market Analysis and Forecasts, 2024-2032 40.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 40.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 41. South America Thermoset Resin Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2024-2032 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Thermoset Resin Market Analysis and Forecasts, 2024-2032 42.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 42.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 43. Argentina Thermoset Resin Market Analysis and Forecasts, 2024-2032 43.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 43.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 44. Rest of South America Thermoset Resin Market Analysis and Forecasts, 2024-2032 44.1. Market Size (Value) Estimates & Forecast By Resin, 2024-2032 44.2. Market Size (Value) Estimates & Forecast By End-Use Industry, 2024-2032 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
