Thermosetting Plastics Market Report and Forecast 2025-2034
Market Report I 2025-08-11 I 179 Pages I EMR Inc.
The global thermosetting plastics market is expected to grow at a CAGR of 5.20% during the forecast period of 2025-2034.
Favourable Physical and Chemical Properties of Thermoset Plastics are Boosting the Market Growth
The global market for thermosetting plastics is being driven by the applications and uses of various types of thermosetting plastics in various end-use industries, owing to their favourable chemical and physical properties. Thermoset plastic polymers cross-link together when curing to form an irreversible chemical bond, thus becoming permanent in their structure. Thermoset plastics offer enhanced chemical resistance, heat resistance, and structural integrity and are in high demand for these favourable properties from end-user industries for complicated industrial applications such as manufacturing of electrical components, and automotive manufacturing, among others, thereby aiding the market growth.
In addition, thermoset injection moulding allows for a wide assortment of small and large parts; thus, detailed geometric shapes that cannot be achieved in metals can be produced in thermoset plastics. This is augmenting the overall market growth of thermosetting plastics by providing advantages over metals owing to their excellent physical properties and surface appearance.
Thermosetting Plastics: Market Segmentation
Thermoset plastics are synthetic polymers that cannot be moulded or reshaped after their initial heat exposure. Thermosetting is the process of converting granular material into moulded shapes through a chemical reaction activated by heat and pressure, which thus forms a strong molecular bond.
Market Breakup by Type
- Unsaturated Polyesters
- Polyurethanes
- Phenolic
- Epoxy
- Amino
- Alkyd
- Vinyl Ester
- Others
Market Breakup by End-User Industry
- Construction
- Adhesive and Sealants
- Electronics and Appliances
- Automotive
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Rising Demand for Thermoset Plastics from the Construction Industry to Boost the Market Growth
The growth in the global market for thermosetting plastics can be attributed to the rising construction activities across the world. Owing to their excellent chemical properties like chemical and heat resistance, and high structural integrity, thermoset plastics are ideal components in the building structure. In addition, thermosetting plastics are generally used as adhesives and sealants, roofing, and piping due to their lightweight structure, hardness, and thermal and electric insolubility, thus invigorating market demand from the construction industry. Furthermore, epoxies and unsaturated polymers are widely demanded in the construction of bathroom fixations, pipes and tanks for their anti-corrosive properties, and other decorative furniture owing to excellent mechanical properties.
Moreover, the construction industry is flourishing in the Asia Pacific region, owing to rapid industrialisation and urbanisation in countries like India and China, due to which demand for thermosetting plastics is invigorating the overall growth of the industry. In addition, owing to favourable government policies like 'Housing for All by 2022' initiated by the Indian government due to the rising population levels, along with the emergence of commercial buildings like offices, and malls due to heightened foreign investments, are anticipated to robustly drive the market for thermosetting plastics in the Asia Pacific region over the forecast period.
Key Industry Players in the Global Thermosetting Plastics Market
The report presents a detailed analysis of the following key players in the global thermosetting plastics market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.
- Covestro AG
- Celanese Corporation
- LANXESS AG
- BASF SE
- INEOS Group Holdings S.A.
- Evonik Industries AG
- Others
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter's Five Forces Model.
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Global Thermosetting Plastics Market Analysis
5.1 Key Industry Highlights
5.2 Global Thermosetting Plastics Historical Market (2018-2024)
5.3 Global Thermosetting Plastics Market Forecast (2025-2034)
5.4 Global Thermosetting Plastics Market by Type
5.4.1 Unsaturated Polyesters
5.4.1.1 Historical Trend (2018-2024)
5.4.1.2 Forecast Trend (2025-2034)
5.4.2 Polyurethanes
5.4.2.1 Historical Trend (2018-2024)
5.4.2.2 Forecast Trend (2025-2034)
5.4.3 Phenolic
5.4.3.1 Historical Trend (2018-2024)
5.4.3.2 Forecast Trend (2025-2034)
5.4.4 Epoxy
5.4.4.1 Historical Trend (2018-2024)
5.4.4.2 Forecast Trend (2025-2034)
5.4.5 Amino
5.4.5.1 Historical Trend (2018-2024)
5.4.5.2 Forecast Trend (2025-2034)
5.4.6 Alkyd
5.4.6.1 Historical Trend (2018-2024)
5.4.6.2 Forecast Trend (2025-2034)
5.4.7 Vinyl Ester
5.4.7.1 Historical Trend (2018-2024)
5.4.7.2 Forecast Trend (2025-2034)
5.4.8 Others
5.5 Global Thermosetting Plastics Market by End-User Industry
5.5.1 Construction
5.5.1.1 Historical Trend (2018-2024)
5.5.1.2 Forecast Trend (2025-2034)
5.5.2 Adhesive and Sealants
5.5.2.1 Historical Trend (2018-2024)
5.5.2.2 Forecast Trend (2025-2034)
5.5.3 Electronics and Appliances
5.5.3.1 Historical Trend (2018-2024)
5.5.3.2 Forecast Trend (2025-2034)
5.5.4 Automotive
5.5.4.1 Historical Trend (2018-2024)
5.5.4.2 Forecast Trend (2025-2034)
5.5.5 Others
5.6 Global Thermosetting Plastics Market by Region
5.6.1 North America
5.6.1.1 Historical Trend (2018-2024)
5.6.1.2 Forecast Trend (2025-2034)
5.6.2 Europe
5.6.2.1 Historical Trend (2018-2024)
5.6.2.2 Forecast Trend (2025-2034)
5.6.3 Asia Pacific
5.6.3.1 Historical Trend (2018-2024)
5.6.3.2 Forecast Trend (2025-2034)
5.6.4 Latin America
5.6.4.1 Historical Trend (2018-2024)
5.6.4.2 Forecast Trend (2025-2034)
5.6.5 Middle East and Africa
5.6.5.1 Historical Trend (2018-2024)
5.6.5.2 Forecast Trend (2025-2034)
6 North America Thermosetting Plastics Market Analysis
6.1 United States of America
6.1.1 Historical Trend (2018-2024)
6.1.2 Forecast Trend (2025-2034)
6.2 Canada
6.2.1 Historical Trend (2018-2024)
6.2.2 Forecast Trend (2025-2034)
7 Europe Thermosetting Plastics Market Analysis
7.1 United Kingdom
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Germany
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 France
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.4 Italy
7.4.1 Historical Trend (2018-2024)
7.4.2 Forecast Trend (2025-2034)
7.5 Others
8 Asia Pacific Thermosetting Plastics Market Analysis
8.1 China
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Japan
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 India
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
8.4 ASEAN
8.4.1 Historical Trend (2018-2024)
8.4.2 Forecast Trend (2025-2034)
8.5 Australia
8.5.1 Historical Trend (2018-2024)
8.5.2 Forecast Trend (2025-2034)
8.6 Others
9 Latin America Thermosetting Plastics Market Analysis
9.1 Brazil
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Argentina
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
9.3 Mexico
9.3.1 Historical Trend (2018-2024)
9.3.2 Forecast Trend (2025-2034)
9.4 Others
10 Middle East and Africa Thermosetting Plastics Market Analysis
10.1 Saudi Arabia
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 United Arab Emirates
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 Nigeria
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
10.4 South Africa
10.4.1 Historical Trend (2018-2024)
10.4.2 Forecast Trend (2025-2034)
10.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter's Five Forces Analysis
11.2.1 Supplier's Power
11.2.2 Buyer's Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Competitive Landscape
13.1 Supplier Selection
13.2 Key Global Players
13.3 Key Regional Players
13.4 Key Player Strategies
13.5 Company Profiles
13.5.1 Covestro AG
13.5.1.1 Company Overview
13.5.1.2 Product Portfolio
13.5.1.3 Demographic Reach and Achievements
13.5.1.4 Certifications
13.5.2 Celanese Corporation
13.5.2.1 Company Overview
13.5.2.2 Product Portfolio
13.5.2.3 Demographic Reach and Achievements
13.5.2.4 Certifications
13.5.3 LANXESS AG
13.5.3.1 Company Overview
13.5.3.2 Product Portfolio
13.5.3.3 Demographic Reach and Achievements
13.5.3.4 Certifications
13.5.4 BASF SE
13.5.4.1 Company Overview
13.5.4.2 Product Portfolio
13.5.4.3 Demographic Reach and Achievements
13.5.4.4 Certifications
13.5.5 INEOS Group Holdings S.A.
13.5.5.1 Company Overview
13.5.5.2 Product Portfolio
13.5.5.3 Demographic Reach and Achievements
13.5.5.4 Certifications
13.5.6 Evonik Industries AG
13.5.6.1 Company Overview
13.5.6.2 Product Portfolio
13.5.6.3 Demographic Reach and Achievements
13.5.6.4 Certifications
13.5.7 Others
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