Global Thermosetting Plastics Market 2022-2026

Global Thermosetting Plastics Market 2022-2026

Technavio has been monitoring the thermosetting plastics market and it is poised to grow by $ 56.07 bn during 2022-2026, progressing at a CAGR of 5.58% during the forecast period. Our report on the thermosetting plastics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand from developing countries, growing demand from the automotive industry, and increase in R and D activities. In addition, increasing demand from developing countries is anticipated to boost the growth of the market as well.

The thermosetting plastics market analysis includes the application segment and geographic landscape.

Technavio's thermosetting plastics market is segmented as below:

By Application

• Construction
• Automotive
• Electronics
• Adhesives and sealants
• Others

By Geographical Landscape

• APAC
• North America
• Europe
• Middle East and Africa
• South America

This study identifies the rise in urbanization and infrastructure development as one of the prime reasons driving the thermosetting plastics market growth during the next few years. Also, rising demand for bio-based thermosetting plastics and growing recycling techniques will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on thermosetting plastics market covers the following areas:

• Thermosetting plastics market sizing
• Thermosetting plastics market forecast
• Thermosetting plastics market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading thermosetting plastics market vendors that include Arkema SA, Alchemie Ltd., Asahi Kasei Corp., BASF SE, BUFA GmbH and Co. KG, Celanese Corp., Covestro AG, Daicel Corp., Dow Inc., Eastman Chemical Co., Evonik Industries AG, INEOS Group Holdings SA, LANXESS AG, LG Chem Ltd., LyondellBasell Industries NV, Rochling SE and Co. KG, SABIC, Solvay SA, and Teijin Ltd. Also, the thermosetting plastics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.