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A thermosetting resin can be defined as a prepolymer in a soft solid or viscous state that changes irreversibly into an infusible, insoluble polymer network by curing. Curing is induced by the action of heat or suitable radiation, often under high pressure. Globally thermoset resins are used in a wide range of applications in several industries like automobiles, consumer goods, electronics, etc., due to its light weight and favourable properties. Globally increasing use of thermoset resin in automobiles is expected to remain the key growth driver during the period of study. On the other hand, volatile raw material prices are also expected to play an important role as a major restraint for this high growth potential market.
Geographically, AsiaPacific dominates the thermoset resin market driven by higher demand for light weight material in a wide range of applications including huge industrial bases especially from the automobile, consumer durables and electronics industry in the region. AsiaPacific was followed by North America and Europe as second and third largest markets for thermoset resin market. Asia Pacific is projected to have the fastest growth, owing to rapidly increasing applications into large and expanding industrial base in the region, especially in developing nations such as China and India in this region.
This report identifies the global thermoset resin market size in for the year 20142016, and forecast of the same for year 2021. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to the thermoset resin market.
This report segments the thermoset resin market on the basis of type, application and regional market as follows:
Thermoset Resin Market research report is classified on the basis of types. Some of the major types covered in this report are as follows: Polyester, PhenolFormaldehyde PF, Polyurethane PU, UreaFormaldehyde UF, Epoxy Resin, Vinyl Ester Resin and Others
Thermoset Resin Market research report is classified on the basis of applications. Some of the major applications covered in this report are as follows: Automotive, Construction, Consumer product, Paints Coatings, Adhesives, Electronics, and Others
This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, AsiaPacific APAC, and Rest of the World RoW covering all the major country level markets in each of the region
This report identifies all the major companies operating in the thermoset resin market. Some of the major companies' profiles in detail are as follows:
Saudi Kayan Petrochemical Co.
North American Pipe Corporation
The Dow Chemical Company
Reliance Industries Ltd.
National Petrochemical Company NPC
Original Article: Thermoset Resin Market: By Type Polyester, PhenolFormaldehyde, Polyurethane, UreaFormaldehyde, Epoxy Resin, Vinyl Ester Resin; By Application Automotive, Construction, Consumer product, Others By Region Europe, OthersForecast 20162021 [Updated: 12092016]NEXT ARTICLE