Market Overview

The Global Thermosetting Plastics Market was valued at USD 134,529.1 million in 2023 and is expected to reach USD 193,522.0 million by 2031 while growing at a CAGR of 4.7% during the forecast period (2024-2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global thermosetting plastics market growth. Thermosetting plastics, or thermosets, undergo crosslinking during curing or molding, forming a three-dimensional network structure that renders the polymer insoluble and infusible. Once set, they cannot be melted or reshaped with heat and pressure, distinguishing them from thermoplastics.

Increasing demand for lightweight and high-performance materials, along with rising adoption in electrical and electronics, propels the thermosetting plastics market. However, obstacles such as high processing costs and brittleness, coupled with a lack of flexibility, may impede further expansion.

Furthermore, the global thermosetting plastics industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Type Analysis

The Global Thermosetting Plastics Market is segmented among Unsaturated Polyesters, Polyurethanes, Phenolic, Epoxy, Amino, Alkyd, Vinyl Ester, and Others, based on Type. In 2023, Polyurethanes accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By End-user Industry Analysis

The Global Thermosetting Plastics Market is segmented among Construction, Adhesive and Sealants, Electronics and Appliances, Automotive, and Others, based on End-user Industry. In 2023, Adhesive and Sealants accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Thermosetting Plastics Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Alchemie Ltd., Asahi Kasei Corporation, BASF SE, BUFA GmbH & Co. KG, Celanese Corporation, Daicel Corporation, DSM, Eastman Chemical Company, INEOS, and Kanoria Chembond Pvt. Ltd.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Thermosetting Plastics Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Thermosetting Plastics Market Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Thermosetting Plastics Market Segmentation, By Type 

• Global Thermosetting Plastics Market Share Analysis, By Type 

• Global Thermosetting Plastics Market Growth Analysis, By Type 

• Global Thermosetting Plastics Market Trends, By Type 

o Unsaturated Polyesters

o Polyurethanes

o Phenolic

o Epoxy

o Amino

o Alkyd

o Vinyl Ester

o Other

6. Global Thermosetting Plastics Market Segmentation, By End-user Industry

• Global Thermosetting Plastics Market Share Analysis, By End-user Industry

• Global Thermosetting Plastics Market Growth Analysis, By End-user Industry

• Global Thermosetting Plastics Market Trends, By End-user Industry

o Construction

o Adhesive and Sealants

o Electronics and Appliances

o Automotive

o Other

7. Global Thermosetting Plastics Market Segmentation, By Region

• Global Thermosetting Plastics Market Share Analysis, By Region

• Global Thermosetting Plastics Market Growth Analysis, By Region

• Global Thermosetting Plastics Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Alchemie Ltd.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Asahi Kasei Corporation

• BASF SE

• BUFA GmbH & Co. KG

• Celanese Corporation

• Daicel Corporation

• DSM

• Eastman Chemical Company

• INEOS

• Kanoria Chembond Pvt. Ltd.

 *Similar analysis will be provided for each company listed above.