Global Thermoset Resin
Market Report
2025
The Global Thermoset Resin Market size was USD 35.87 Billion in 2022 and it is forecasted to reach USD 58.81 Billion by 2030. Thermoset Resin Industry's Compound Annual Growth Rate will be 6.5% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, The Global Thermoset Resin Market size was USD 35.87 Billion in 2022 and it is forecasted to reach USD 58.81 Billion by 2030. Thermoset Resin Industry's Compound Annual Growth Rate will be 6.5% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Thermoset Resin Market Sales Revenue 2022 | $ 35.87 Billion |
Global Thermoset Resin Market Sales Revenue 2030 | $ 58.81 Billion |
Global Thermoset Resin Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.5% |
Market Split by Type |
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Market Split by End-Use Industry |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Thermoset Resin industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Thermoset Resin Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Thermoset resins are rigid polymeric materials that are resistant to higher temperatures than ordinary thermoplastics. These materials are normally made up of lines of polymers, which are highly cross-linked. This is used as adhesives, semiconductors, and integrated circuits. In addition, thermoset resin-based sandwich structures are increasingly used in aerospace, marine, automotive, transportation, and other high-technology industries. Several key benefits of thermoset resins include chemical & solvent resistance, the ability to form strong adhesive bonds and suitability for a variety of finishing operations. Furthermore, the thermosetting process is irreversible and the resin undergoes a cross-linking process that imparts high thermal stability, rigidity, and creep resistance. These resins are used in the liquid state and harden when cured at ambient temperature or by applying heat or UV light.
Increasing demand for thermoset resin in automotive industries is a significant drives for growth of the global thermoset resin market
Thermoset resins are widely used in the automotive industries for manufacturing car components such as pump parts, pistons, carbon brush holders, pulleys, electrical endplates, panels, vacuum pumps, wheels, water pump housings, pedals, and electrical encapsulation. Furthermore, thermoset resins provide excellent mechanical properties, including high stiffness, strength, and impact resistance. These properties are crucial for automotive applications that require structural integrity and crashworthiness. Thus, the increasing automation production will require more thermoset resin which will act as a driver for the thermoset resin market.
Growing demand for thermoset resin in the various end-use industries is significantly driving the growth of the thermoset market.
The high cost of the thermoset resin may hamper the growth of the thermoset resin market
The high cost of thermoset resins compared to other materials, such as thermoplastics. The higher production costs of thermoset resins can limit their adoption, especially in cost-sensitive industries or applications. Price competitiveness can be a significant restraint for the widespread use of thermoset resin. Furthermore, the cost of raw materials used in thermoset resin production such as petrochemical derivatives and specialty chemicals, is subject to price fluctuations. These fluctuations can affect the profitability of manufacturers. Thus, the high cost of thermoset resins may hamper the growth of the thermoset resin market.
Covid 19 has had a significant impact on the resin market. The pandemic has led to disruptions in global supply chains due to lockdown measures, travel restrictions, and reduced manufacturing activities. This has affected the availability of raw materials and intermediate products used in the production of thermoset resins, causing delays and shortages. Furthermore, many end-use industries, such as automotive and aerospace, experienced a decline in demand during the pandemic due to reduced consumer spending, halted production, and restricted travel. This decline in demand directly impacted the thermoset resin market.
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Chemical and materials companies are facing some challenges including stringent rules & regulation, supply chain disruption along with raw material price volatility. Thus, some of the key players are adopting new technologies to enhance their product portfolio. Now days digital technologies play an important role in this sector because it improves efficiency, operations and productivity of the plant. This study helps you to understand the competitor’s revenue generation, key strategies, recent development coupled with its S.W.O.T analysis.
Top Companies Market Share in Thermoset Resin Industry: (In no particular order of Rank)
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In 2022, the Asia Pacific region dominated the thermoset resin market and largest market share in terms of revenue. This is due to increasing demand for lightweight materials and rising infrastructure projects and significant growth in various end-user industries including aerospace, automotive, construction, electronics, and others in the region. Furthermore, China is anticipated to remain a key consumer in the Asia Pacific region owing to its large manufacturing base along with growing demand from other countries such as India and Japan. Thus, this region is dominating the global thermoset resin market.
The current report Scope analyzes Thermoset Resin Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Thermoset Resin Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Thermoset Resin Industry growth. Thermoset Resin market has been segmented with the help of its Type, End-Use Industry , and others. Thermoset Resin market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Thermoset Resin Industry. Request a Free Sample PDF!
Chemical and materials are one of the most important industries for other sectors including automotive, pharmaceutical, personal care, consumer goods and others. The demand for high quality and environment friendly products is increasing in various end-use sectors. Thus, key manufacturers are focusing on technological advancement in production of high-quality chemicals. The segment analysis will help to understand which is the most attractive application/end use sector. It also provides the year on year (Y-O-Y) growth rate for each segment. Moreover, this study includes the detailed analysis of each segment to understand the key positive and negative factors which are impacting the growth of the Thermoset Resin Market.
Some of the key End-Use Industry of Thermoset Resin are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Thermoset Resin Market is witnessing significant growth in the near future.
In 2023, the Phenolic Resin segment accounted for noticeable share of global Thermoset Resin Market and is projected to experience significant growth in the near future.
The Aerospace segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies AkzoNobel , National Petrochemical Company (NPC) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
The compatibility of certain thermoset resins in many industries has proved its ability to emerge in the global market. Marketers and manufacturers can leverage these opportunities to expand their market presence by providing versatile and reliable solutions for various industries.
Disclaimer:
Type | Phenolic Resin, Methyl Methacrylate Resin, Epoxy Resin, Polyurethane Resin, Polyester Resin |
End-Use Industry | Aerospace, Marine, Automotive, Transportation, Other |
List of Competitors | AkzoNobel, DSM, National Petrochemical Company (NPC), DowDuPont, Evonik, AEP Industries, Teijin Chemicals, Cridel, American Packaging Corporation, Saudi Kayan Petrochemical, Shell Oil Company, Hexion, Reliance Industries, GAIL. |
This chapter will help you gain GLOBAL Market Analysis of Thermoset Resin. Further deep in this chapter, you will be able to review Global Thermoset Resin Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Thermoset Resin. Further deep in this chapter, you will be able to review North America Thermoset Resin Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Thermoset Resin. Further deep in this chapter, you will be able to review Europe Thermoset Resin Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Thermoset Resin. Further deep in this chapter, you will be able to review Asia Pacific Thermoset Resin Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Thermoset Resin. Further deep in this chapter, you will be able to review South America Thermoset Resin Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Thermoset Resin. Further deep in this chapter, you will be able to review Middle East and Africa Thermoset Resin Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Thermoset Resin. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End-Use Industry Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Thermoset Resin market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Phenolic Resin have a significant impact on Thermoset Resin market? |
What are the key factors affecting the Phenolic Resin and Methyl Methacrylate Resin of Thermoset Resin Market? |
What is the CAGR/Growth Rate of Aerospace during the forecast period? |
By type, which segment accounted for largest share of the global Thermoset Resin Market? |
Which region is expected to dominate the global Thermoset Resin Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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