Asia-Pacific Recyclable Thermoset Market - Analysis and Forecast, 2022-2031
Introduction to Asia-Pacific (APAC) Recyclable Thermoset Market
The Asia-Pacific recyclable thermoset market (excluding China) is projected to reach $176.9 million by 2031 from $97.6 million in 2022, growing at a CAGR of 6.84% during the forecast period 2022-2031. In the upcoming years, it is anticipated that the recyclable thermoset market in Asia Pacific will expand rapidly. This is because thermoset recycling technologies are becoming more widely used and there is a growing demand for recycled thermoset materials. The introduction of laws encouraging plastic recycling in different nations is also anticipated to propel the market.
Market Introduction
The APAC recyclable thermoset market is expected to rise significantly in the upcoming years because of the growing demand for environmentally friendly substitutes for conventional plastics, improvements in recycling technology, and favorable regulatory environments. Recyclable thermosets are expected to become increasingly popular as environmental concerns grow and people seek eco-friendly products, opening the door to a more sustainable future.
Market Segmentation
Segmentation 1: by Application
Automotive Energy and Power Construction Electrical and Electronics Aerospace and Defense Others
Mechanical Recycling Chemical Recycling Energy Recovery (Thermal)
Segmentation 4: by Country
Japan South Korea India Rest-of-Asia Pacific
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different resin types of recyclable thermosets available and their potential globally. Moreover, the study provides the reader with a detailed understanding of the different recyclable thermoset applications such as construction, automotive, energy and power, electrical and electronics, aerospace and defense, and others.
Growth/Marketing Strategy: Business expansions, partnerships, acquisitions, collaborations, and joint ventures are some key strategies adopted by key players operating in the space.
Competitive Strategy: Key players in the Asia-Pacific recyclable thermoset market analyzed and profiled in the study involve recyclable thermoset providers. Moreover, a detailed competitive benchmarking of the players operating in the Asia-Pacific recyclable thermoset market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.
Some of the prominent names established in this market are:
Aditya Birla Chemicals EcoActiv Pty Ltd
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1 Markets
1.1 Industry Outlook
1.1.1 Trends: Current and Future
1.1.1.1 Rising Focus on Sustainability in Wind Energy Sector
1.1.1.2 Change in Business Models of Companies due to Climate Action
1.1.2 Value Chain Analysis
1.1.3 Ecosystem/Ongoing Programs
1.1.3.1 Associations
1.1.3.2 Regulatory Bodies
1.1.3.3 Programs by Research Institutions and Universities
1.1.4 Impact of COVID-19 on the Recyclable Thermoset Market
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Advancement in Thermoset Recycling Technologies Globally
1.2.1.2 Regulations Promoting Plastic Recycling in Various Countries
1.2.1.3 Investments and Collaboration in Plastic Recycling Industry
1.2.2 Business Challenges
1.2.2.1 Complex Process of Thermoset Recycling
1.2.2.2 Lack of Proper Infrastructure for Hard-to-Recycle Products
1.2.3 Business Opportunities
1.2.3.1 Replacing Virgin Materials with Recyclable Thermoset and Venturing into New End-User Applications
1.2.3.2 Increasing Focus on Sustainability and Bio-Based Renewable Materials
1.2.4 Business Strategies
1.2.4.1 Product Developments
1.2.4.2 Market Developments
1.2.5 Corporate Strategies
1.3 Start-Up Landscape
1.3.1 Key Start-Ups in the Ecosystem
1.4 Porter’s Five Forces Analysis
1.4.1 Bargaining Power of Buyers
1.4.2 Bargaining Power of Suppliers
1.4.3 Threat of New Entrants
1.4.4 Threat of Substitutes
1.4.5 Competitive Rivalry among Existing Firms
1.5 New Policies for Recycling
1.5.1 New Policies and Regulations, by Country
1.6 Comparative Analysis of Technologies
1.7 Product Life Cycle Analysis for Major Applications
2 Region
2.1.1 Application
2.1.1.1 Recyclable Thermoset Market (by Application), Volume and Value Data
2.1.2 Product
2.1.2.1 Recyclable Thermoset Market (by Resin Type), Volume and Value Data
2.1.2.2 Recyclable Thermoset Market (by Technology), Volume and Value Data
2.1.3 Recyclable Thermoset Market (by Region), Volume and Value Data
2.2 China
2.2.1 Market
2.2.1.1 Potential Buyers
2.2.1.2 Key Manufacturers/Suppliers in China
2.2.1.3 Business Challenges
2.2.1.4 Business Drivers
2.2.2 Application
2.2.2.1 China Recyclable Thermoset Market (by Application), Volume and Value Data
2.2.3 Product
2.2.3.1 China Recyclable Thermoset Market (by Resin Type), Volume and Value Data
2.2.3.2 China Recyclable Thermoset Market (by Technology), Volume and Value Data
2.3 Asia-Pacific and Japan
2.3.1 Market
2.3.1.1 Key Manufacturers/Suppliers in Asia-Pacific and Japan
2.3.1.2 Business Challenges
2.3.1.3 Business Drivers
2.3.2 Application
2.3.2.1 Asia-Pacific and Japan Recyclable Thermoset Market (by Application), Volume and Value Data
2.3.3 Product
2.3.3.1 Asia-Pacific and Japan Recyclable Thermoset Market (by Resin Type), Volume and Value Data
2.3.3.2 Asia-Pacific and Japan Recyclable Thermoset Market (by Technology), Volume and Value Data
2.3.4 Asia-Pacific and Japan (by Country)
2.3.4.1 Japan
2.3.4.1.1 Market
2.3.4.1.1.1 Potential Buyers
2.3.4.1.1.2 Key Manufacturers/Suppliers in Japan
2.3.4.1.1.3 Business Challenges
2.3.4.1.1.4 Business Drivers
2.3.4.1.2 Application
2.3.4.1.2.1 Japan Recyclable Thermoset Market (by Application), Volume and Value Data
2.3.4.1.3 Product
2.3.4.1.3.1 Japan Recyclable Thermoset Market (by Resin Type), Volume and Value Data
2.3.4.1.3.2 Japan Recyclable Thermoset Market (by Technology), Volume and Value Data
2.3.4.2 South Korea
2.3.4.2.1 Market
2.3.4.2.1.1 Potential Buyers
2.3.4.2.1.2 Key Manufacturers/Suppliers in South Korea
2.3.4.2.1.3 Business Challenges
2.3.4.2.1.4 Business Drivers
2.3.4.2.2 Application
2.3.4.2.2.1 South Korea Recyclable Thermoset Market (by Application), Volume and Value Data
2.3.4.2.3 Product
2.3.4.2.3.1 South Korea Recyclable Thermoset Market (by Resin Type), Volume and Value Data
2.3.4.2.3.2 South Korea Recyclable Thermoset Market (by Technology), Volume and Value Data
2.3.4.3 India
2.3.4.3.1 Market
2.3.4.3.1.1 Potential Buyers
2.3.4.3.1.2 Key Manufacturers/Suppliers in India
2.3.4.3.1.3 Business Challenges
2.3.4.3.1.4 Business Drivers
2.3.4.3.2 Application
2.3.4.3.2.1 India Recyclable Thermoset Market (by Application), Volume and Value Data
2.3.4.3.3 Product
2.3.4.3.3.1 India Recyclable Thermoset Market (by Resin Type), Volume and Value Data
2.3.4.3.3.2 India Recyclable Thermoset Market (by Technology), Volume and Value Data
2.3.4.4 Rest-of-Asia-Pacific and Japan
2.3.4.4.1 Market
2.3.4.4.1.1 Potential Buyers
2.3.4.4.1.2 Key Manufacturers/Suppliers in Rest-of-Asia-Pacific and Japan
2.3.4.4.1.3 Business Challenges
2.3.4.4.1.4 Business Drivers
2.3.4.4.2 Application
2.3.4.4.2.1 Rest-of-Asia-Pacific and Japan Recyclable Thermoset Market (by Application), Volume and Value Data
2.3.4.4.3 Product
2.3.4.4.3.1 Rest-of-Asia-Pacific and Japan Recyclable Thermoset Market (by Resin Type), Volume and Value Data
2.3.4.4.3.2 Rest-of-Asia-Pacific and Japan Recyclable Thermoset Market (by Technology), Volume and Value Data
3 Markets - Competitive Benchmarking & Company Profiles
3.1 Competitive Benchmarking
3.1.1 Competitive Position Matrix
3.1.2 Product Services Offered by Key Companies
3.1.3 Market Share Analysis of Key Companies
3.2 Company Profiles
3.2.1 Aditya Birla Chemicals
3.2.1.1 Company Overview
3.2.1.2 Role of Aditya Birla Chemicals in the Recyclable Thermoset Market
3.2.1.2.1 Product Portfolio
3.2.1.3 Business Strategies
3.2.1.3.1 Market Development
3.2.1.4 Corporate Strategies
3.2.1.4.1 Partnerships, Collaborations, Acquisitions, and Joint Ventures