Market Dynamics
The increasing demand for thermosetting plastics from developing countries will be crucial in driving the growth of the market during the forecast period. The growing population and rising purchasing power of consumers in developing countries such as China, India, Indonesia, Brazil, and South Africa are attracting significant investments in the construction and automobile industries. Countries such as China and India are emerging as global manufacturing hubs for automotive electronics industries. Moreover, many vendors of thermosetting plastics are shifting their manufacturing facilities to developing countries due to the availability of land, inexpensive labor, supply of raw materials, and lower transportation costs. All these factors are positively influencing the growth of the global thermosetting plastics market.
In addition, the growing demand from the automotive industry and increase in R&D activities will further drive the growth of the thermosetting plastics market. However, volatility in crude oil prices might hamper the growth opportunities for market players.
Company Profiles
The thermosetting plastics market report includes information on the product launches, sustainability, and prospects of leading vendors including Arkema SA, Alchemie Ltd., Asahi Kasei Corp., BASF SE, BUFA GmbH and Co. KG, Celanese Corp., Covestro AG, Daicel Corp., Dow Inc., Eastman Chemical Co., Evonik Industries AG, INEOS Group Holdings SA, LANXESS AG, LG Chem Ltd., LyondellBasell Industries NV, Rochling SE and Co. KG, SABIC, Solvay SA, and Teijin Ltd.
Competitive Analysis
The report includes the competitive analysis which analyzes and evaluates the position of companies based on their industry position and market performance. Some of the factors considered for analysis include financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Market Segmentation by Application
- By Application, the market is classified into construction, automotive, electronics, adhesives and sealants, and others.
- The construction industry will have the largest share of the market. The growth of the segment can be attributed to increasing application areas for thermosetting plastics such as thermal insulation, adhesives and sealants, bridge structures, piping, roofing, and repair and rehabilitation of civil structures.
- Moreover, properties of thermosetting plastics such as heat resistance, chemical resistance, structural integrity, providing hardness, less weight, insolubility, and thermal and electrical resistance are increasing their use in the construction industry.
- The market growth in the segment will be significant during the forecast period.
Market Segmentation by Geography
- By Geography, the market is classified as APAC, North America, Europe, the Middle East and Africa, and South America.
- APAC will have the largest share of the market.
- The growth of the thermosetting plastics market in APAC can be attributed to the increasing sales of automobiles in the region.
- The rise in construction activities and increasing government spending on infrastructure development will also contribute to the regional market growth.
- China, India, and Japan are the key markets for thermosetting plastics in APAC.
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Thermosetting Plastics Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.58% |
Market growth 2022-2026 |
USD 56.07 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.75 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 59% |
Key consumer countries |
US, China, India, Japan, and Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Arkema SA, Alchemie Ltd., Asahi Kasei Corp., BASF SE, BUFA GmbH and Co. KG, Celanese Corp., Covestro AG, Daicel Corp., Dow Inc., Eastman Chemical Co., Evonik Industries AG, INEOS Group Holdings SA, LANXESS AG, LG Chem Ltd., LyondellBasell Industries NV, Rochling SE and Co. KG, SABIC, Solvay SA, and Teijin Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application
- 5.3 Construction - Market size and forecast 2021-2026
- Exhibit 28: Chart on Construction - Market size and forecast 2021-2026 ($ billion)
- Exhibit 29: Data Table on Construction - Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Chart on Construction - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Construction - Year-over-year growth 2021-2026 (%)
- 5.4 Automotive - Market size and forecast 2021-2026
- Exhibit 32: Chart on Automotive - Market size and forecast 2021-2026 ($ billion)
- Exhibit 33: Data Table on Automotive - Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Chart on Automotive - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
- 5.5 Electronics - Market size and forecast 2021-2026
- Exhibit 36: Chart on Electronics - Market size and forecast 2021-2026 ($ billion)
- Exhibit 37: Data Table on Electronics - Market size and forecast 2021-2026 ($ billion)
- Exhibit 38: Chart on Electronics - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Electronics - Year-over-year growth 2021-2026 (%)
- 5.6 Adhesives and sealants - Market size and forecast 2021-2026
- Exhibit 40: Chart on Adhesives and sealants - Market size and forecast 2021-2026 ($ billion)
- Exhibit 41: Data Table on Adhesives and sealants - Market size and forecast 2021-2026 ($ billion)
- Exhibit 42: Chart on Adhesives and sealants - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Adhesives and sealants - Year-over-year growth 2021-2026 (%)
- 5.7 Others - Market size and forecast 2021-2026
- Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ billion)
- Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
- Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.8 Market opportunity by Application
- Exhibit 48: Market opportunity by Application ($ billion)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 50: Chart on Market share by geography 2021-2026 (%)
- Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 52: Chart on Geographic comparison
- Exhibit 53: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 North America - Market size and forecast 2021-2026
- Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 70: Chart on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 71: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 72: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 US - Market size and forecast 2021-2026
- Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.10 India - Market size and forecast 2021-2026
- Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ billion)
- Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ billion)
- Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.11 Germany - Market size and forecast 2021-2026
- Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.12 Japan - Market size and forecast 2021-2026
- Exhibit 90: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 91: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 92: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 93: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 94: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 95: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 97: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 98: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 99: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 100: Matrix on vendor position and classification
- 10.3 Arkema SA
- Exhibit 101: Arkema SA - Overview
- Exhibit 102: Arkema SA - Business segments
- Exhibit 103: Arkema SA - Key news
- Exhibit 104: Arkema SA - Key offerings
- Exhibit 105: Arkema SA - Segment focus
- 10.4 Asahi Kasei Corp.
- Exhibit 106: Asahi Kasei Corp. - Overview
- Exhibit 107: Asahi Kasei Corp. - Business segments
- Exhibit 108: Asahi Kasei Corp. - Key news
- Exhibit 109: Asahi Kasei Corp. - Key offerings
- Exhibit 110: Asahi Kasei Corp. - Segment focus
- 10.5 BASF SE
- Exhibit 111: BASF SE - Overview
- Exhibit 112: BASF SE - Business segments
- Exhibit 113: BASF SE - Key news
- Exhibit 114: BASF SE - Key offerings
- Exhibit 115: BASF SE - Segment focus
- 10.6 Celanese Corp.
- Exhibit 116: Celanese Corp. - Overview
- Exhibit 117: Celanese Corp. - Business segments
- Exhibit 118: Celanese Corp. - Key news
- Exhibit 119: Celanese Corp. - Key offerings
- Exhibit 120: Celanese Corp. - Segment focus
- 10.7 Covestro AG
- Exhibit 121: Covestro AG - Overview
- Exhibit 122: Covestro AG - Business segments
- Exhibit 123: Covestro AG - Key offerings
- Exhibit 124: Covestro AG - Segment focus
- 10.8 Daicel Corp.
- Exhibit 125: Daicel Corp. - Overview
- Exhibit 126: Daicel Corp. - Business segments
- Exhibit 127: Daicel Corp. - Key news
- Exhibit 128: Daicel Corp. - Key offerings
- Exhibit 129: Daicel Corp. - Segment focus
- 10.9 Dow Inc.
- Exhibit 130: Dow Inc. - Overview
- Exhibit 131: Dow Inc. - Business segments
- Exhibit 132: Dow Inc. - Key offerings
- Exhibit 133: Dow Inc. - Segment focus
- 10.10 Eastman Chemical Co.
- Exhibit 134: Eastman Chemical Co. - Overview
- Exhibit 135: Eastman Chemical Co. - Business segments
- Exhibit 136: Eastman Chemical Co. - Key offerings
- Exhibit 137: Eastman Chemical Co. - Segment focus
- 10.11 INEOS Group Holdings SA
- Exhibit 138: INEOS Group Holdings SA - Overview
- Exhibit 139: INEOS Group Holdings SA - Business segments
- Exhibit 140: INEOS Group Holdings SA - Key offerings
- Exhibit 141: INEOS Group Holdings SA - Segment focus
- 10.12 LANXESS AG
- Exhibit 142: LANXESS AG - Overview
- Exhibit 143: LANXESS AG - Business segments
- Exhibit 144: LANXESS AG - Key news
- Exhibit 145: LANXESS AG - Key offerings
- Exhibit 146: LANXESS AG - Segment focus
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 147: Inclusions checklist
- Exhibit 148: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 149: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 150: Research methodology
- Exhibit 151: Validation techniques employed for market sizing
- Exhibit 152: Information sources
- 11.5 List of abbreviations
- Exhibit 153: List of abbreviations
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