Allied Market Research

World Thermosetting Polymer Market - Opportunities and Forecasts, 2014-2022


Portland, OR -- (SBWIRE) -- 09/21/2017 -- Thermosetting polymer (TP), popularly known as Thermoset Plastic is a form of petrochemical material, commonly available in soft, solid and viscous state. The final form of thermosetting polymer, is obtained by curing, toughening and hardening, induced by involving chemical reactions, introducing heat and exposing to radiations. These thermoset materials retain their shape, strength and form even in very high temperature Numerous characteristics of the thermosetting polymers finds extensive usage in a variety of applications such as-aerospace, safety equipment, electrical insulators, insulating foam, automobiles, adhesives, synthetic fibres, consumer electronics, moulding compounds and others.

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Thermoset materials have a strong footprint in global polymer market. The growing need of thermosetting polymers market for the production of composites used for fabrication, is one of the major driving forces of TP market. Industries such as aerospace, automobiles, and consumer electronics are some of the largest consumers of TP. Thus, the TP products would witness increased application in near-future. However, thermosetting plastic tends to become a waste landfill as TP material cannot be recycled. This factor therefore proves to be a restraint for the TP sector.

New recyclable thermosets would substitute the traditional thermosets in near future. Scientists are working on modifying the thermoset properties and discovering new range of recyclable thermosetting plastic named as Poly (hexahydrotriazine). Henceforth, big players should put their consolidated efforts into giving allegiance to new innovations, research and development areas in order to survive global competition.

Some of the key strategies adopted by the leading companies in the market are collaboration, research & development towards introducing enhanced version of products. For instance, Showa Denco KK (SDK) has now collaborated with Eternal Materials Corporation Limited in order to increase the production capacity and consolidate its thermosetting bulk moulding compound (BMC) business.

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The report fragments the Thermosetting Polymer Market on the basis of materials type, moulding method types, application and geography. Based on material type, the market is segmented as epoxies, phenolic, polyesters, aromatics, aliphatic amines and silicon. Considering the thermosets moulding process, they are classified as reactive injection moulding, compression moulding, extrusion moulding, and spin casting. On the basis of applications, the market is segmented as aerospace, safety equipment, automobiles, adhesives, synthetic fibres and consumer electronics.

Region-wise analysis of thermosetting polymer market in North America, Europe, Asia Pacific, and LAMEA are comprehensively analysed in the report.

Key players such as Saudi Kayan Petrochemical Co., American Packaging Corporation, AEP Industries, The Dow Chemical Company, Teijin Chemicals, North American Pipe Corporation, Reliance Industries Limited, DuPont Corporation and GAIL (India) Limited, National Petrochemical Company (NPC) and others, have been profiled in the report.