Global Thermosets Market Is Expected To Reach Above USD 140.8 Million in 2021
Sarasota, FL -- (SBWIRE) -- 11/09/2016 -- The report covers forecast and analysis for the thermosets market on a global and regional level. According to the report, global demand for thermosets market was valued at over USD 77.3 Million in 2015, is expected to reach around USD 140.8 Million in 2021 and is anticipated to grow at a CAGR of slightly above 10.5% between 2016 and 2021.The study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period. Additionally, the report includes study of opportunities available in the thermosets market on a global level.
Growing industrialization in developing economies like India, China, Russia, and Brazil majorly drives the growth of thermosets market. Thermosets market growth is attributed to huge utilization of high performance and light weight materials in chemicals, automotive, electrical and electronics. Though, fluctuating prices of raw materials utilized in production of thermosets is expected to hinder the growth of thermosets market. Nevertheless, enduring research for developing of cost effective manufacturing process is likely to open growth opportunities for the market in the near future.
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In order to give the users of this report a comprehensive view on the thermosets market, we have included a detailed competitive scenario, and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter's five forces model for the thermosets market has also been included. The study encompasses a market attractiveness analysis, wherein type segments are benchmarked based on their market size, growth rate and general attractiveness.
The study provides a decisive view on the thermosets market by segmenting the market based on type, end users and region. Phenolic, epoxy resins, cyanate esters, polyester resins, polyurethane and vinyl ester resins among others are the types of thermosets. End users of thermosets include aerospace and defense, automotive, construction, electrical and electronics and chemical tanks among others. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil.
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The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. Key players profiled in the report include Eastman Chemical Company, Sinopec, Bayer AG, BASF, LyondellBasell Industries, Dow Chemical Company, Chevron Phillips Chemical Company LLC, Asahi Kasei Chemical Corp and Arkema among others.
This report segments the thermosets market as follows:
Thermosets Market: Type Segment Analysis
Vinyl ester resins
Thermosets Market: End users Segment Analysis
Aerospace and Defense
Electrical and Electronics
Thermosets Market: Regional Segment Analysis
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Middle East and Africa
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