Thermosetting Plastics Market Scope
Thermosetting plastic is a compound that irreversibly becomes rigid once heated. Such material is additionally called a thermosetting or thermosetting compound. Initially, the compound could be a liquid or soft solid. Heat provides energy for chemical reactions that increase the cross-linking between compound chains, hardening the plastic.
The Thermosetting Plastics market study is segmented by Type (Alkyds, Epoxies, Amino, Polyurethane, Phenolic, Vinyl Ester Resin and Others), by Application (Construction, Adhesives and Sealants, Electronics & Appliances, Automotive and Others) and major geographies with country level break-up.
Royal DSM NV (Netherlands), Solvay S.A. (Belgium), Chevron Phillips Chemical Company LLC (United States), Polyplastic Co. Ltd. (Japan), BASF SE (Germany), Daicel Corporation (Japan), Mitsubishi Engineering Plastic Corporation (Japan), Eastman Chemical Company (United States), LG Chem Ltd. (South Korea) and Lyondell Basell Industries (Netherlands) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Dow Chemicals (United States), SABIC Innovative Plastics (Saudi Arabia), Asahi Kasei Corporation (Japan), Arkema SA (France) and Lanxess AG (Germany).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Thermosetting Plastics market by Type, Application and Region.
On the basis of geography, the market of Thermosetting Plastics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In 2019, Mitsubishi Chemical Advanced Materials AG acquired Stockton, Advanced Polymer Technologies LLC. This Acquisition will expand the Japanese group's presence in engineering plastics.
In 2020, Mitsubishi Engineering-Plastics Corporation developed a new polyacetal, the Iupital 05 Series, that reduces the generation of formaldehyde. Normally, polyacetals slightly deteriorate in molding and further processing (e.g., cutting, welding, etc.), and formaldehyde is thus generated.
- Spur in Usage of Thermosetting Polymer in Automobiles and Electronics
- Growth of Construction Projects consisting of A High Rate of Residential and Commercial Projects
- Innovation in Thermosetting Polymer Material owing to Increasing Usage in various Applications for Recycling or Alternate Usage
- The Ability of The Material to be Recycled and Re-moulded into New Products
- The Lack of Labour and Expertise Required to Fabricate Products by Making Use of Thermosetting Plastics
Key Target AudienceThermosetting Plastic Manufacturer, Provider/Distributor, Construction Firms, Automotive Companies, Consumer Electronics Companies and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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