#Thermoset Resins Market

[chemicalmarketwatch-sp]

Unsaturated Polyester Resin (UPR) Recycling and Circular Economy Trends

The unsaturated polyester resin (UPR) market is undergoing significant transformation as industries around the world strive to adopt more sustainable practices. As UPR is widely used in industries like automotive, construction, and marine for its durability and strength, its environmental impact has come under scrutiny. One of the major challenges is the difficulty in recycling UPR, which has traditionally been a barrier to implementing a circular economy in this sector.

However, as sustainability becomes a top priority, efforts to integrate UPR into a circular economy are gaining traction. The idea of a circular economy revolves around minimizing waste, extending the life of products, and reusing materials wherever possible. For UPR, this means rethinking how the material is produced, used, and ultimately disposed of. Let’s explore how the UPR industry is shifting towards more sustainable practices, focusing on recycling innovations and circular economy trends.

The global unsaturated polyester resins market is valued at USD 8.50 billion in 2024 and is projected to reach USD 10.29 billion by 2029, growing at 3.9% cagr from 2024 to 2029.

Recycling Challenges with UPR

One of the fundamental properties of unsaturated polyester resins is their ability to create strong, thermoset materials once cured. These materials are highly valued for their strength, but their inherent structure makes them difficult to recycle. Unlike thermoplastics that can be melted down and reshaped, thermosetting resins like UPR do not revert to a malleable state after curing, making traditional recycling methods ineffective.

In addition to the challenge posed by its chemical structure, UPR is often combined with glass fibers and other additives to create composite materials, further complicating the recycling process. Separating these components at the end of a product’s life is not only difficult but also costly, leading to large amounts of UPR-based materials ending up in landfills.

Circular Economy and UPR: Shifting Towards Sustainability

Despite these challenges, the drive toward a circular economy is leading to significant changes in how UPR is being approached. A circular economy model emphasizes keeping materials in use for as long as possible, recovering and regenerating materials at the end of their life cycle. For UPR, this shift is taking several forms:

Designing for End-of-Life Recovery: One of the key principles of a circular economy is designing products with their entire lifecycle in mind, including what happens after their useful life. In the UPR market, this involves developing resins that are easier to recycle or disassemble once they reach the end of their use. This shift in product design requires collaboration across the supply chain, from manufacturers to recyclers, to ensure that products can be effectively processed for reuse.

Chemical Recycling Innovations: While traditional mechanical recycling methods fall short for UPR, chemical recycling offers a promising alternative. Through chemical recycling, UPR can be broken down into its original components, which can then be reused to produce new resins. This approach, though still in the early stages of development, has the potential to significantly reduce waste. Technologies like pyrolysis and solvolysis are being researched as potential solutions to chemically break down UPR composites. While these processes currently require significant energy input, further innovation could make them more economically and environmentally viable.

Bio-Based UPR Development: To reduce reliance on fossil fuels and enhance recyclability, bio-based unsaturated polyester resins are becoming a topic of interest. These resins, derived from renewable sources like plant-based oils, offer an eco-friendlier alternative. Although still relatively new, bio-based UPRs could help lower the environmental footprint of resin production while making the material more compatible with circular economy practices. Researchers are actively exploring how bio-based UPRs can be integrated into a fully circular lifecycle, from production to recycling.

Hybrid Composites for Enhanced Recyclability: Another innovative trend is the development of hybrid composites that blend UPR with thermoplastics, which are easier to recycle. By incorporating thermoplastics into the resin, manufacturers can produce materials that offer the same durability and strength as traditional UPR but with improved recyclability. These hybrid composites are gaining interest in industries where both performance and sustainability are critical, such as automotive and aerospace.

Market and Regulatory Influences on UPR Recycling

The shift toward more sustainable UPR practices is not just being driven by technological advancements but also by market demands and regulatory pressures. Consumers are becoming increasingly aware of the environmental impact of the products they use, pushing industries to adopt greener practices. In response, companies that utilize UPR are looking for ways to improve the sustainability of their products.

In addition, governments around the world are enacting stricter regulations on the disposal of plastics and other non-recyclable materials. For example, the European Union’s Circular Economy Action Plan is setting ambitious targets for recycling and waste reduction, including guidelines for plastics. These regulations are encouraging companies to invest in research and development for more sustainable UPR products and recycling methods.

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The movement toward a circular economy in the UPR market is still in its early stages, but the potential for transformation is clear. As research and development continue to advance, the industry is expected to see significant improvements in the recyclability of UPR materials. Chemical recycling methods, bio-based resins, and hybrid composites all offer promising solutions that could drastically reduce the environmental impact of UPR.

For companies in the UPR industry, embracing circular economy principles is not only a matter of regulatory compliance but also a strategic opportunity. Those that prioritize sustainability and invest in recycling innovations will be well-positioned to meet growing market demands for greener products. As the push for sustainability continues, the UPR market is poised for significant change, leading to a more sustainable and environmentally responsible future.

[srilatha]

Thermoset Resin Market - Forecast(2023 - 2028)

Thermoset resin market size is forecast to reach $38 billion by 2025, after growing at a CAGR of 4.6% during 2020-2025. The thermoset resins are being widely used in various end-use applications due to its extensive set of properties such as high-heat resistance, dimensional stability, electrical insulation capability, and more.

[fettesans]

Top, screen capture from Life-death, directed by Katharina Sieverding, 1969/2004. The project consists of 42 one by one meter C-prints in steel frames accompanied by video with the the soundtrack Kraftwerk improvised for it in early 1972. Via. Bottom, installation view and performance, Continental Breakfast by Anna Uddenberg, Premium Economy I & Premium Economy II, 2023, polylactic acid, thermoset polymer resin, electropolished stainless steel, foam boat flooring,leather, chalk paint. Each 64 x 36 x 43 inches. Photograph by Dario Lasagni. On view at Meredith Rosen Gallery, March 18th - April 29, 2023. Via.

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The subject moves from object to object in order to avoid confronting the fact that it misses the same lost object again and again. The perpetual movement of desire obscures its rootedness in missing the object rather than obtaining it. The subject fails to see that the object is satisfying as an object and not as a possible possession. When the subject invests itself in the fantasy of obtaining the object, it avoids the monotony of the subject’s form of satisfaction. One has dissatisfaction, but one also has a variety of objects that one desires with the promise of a future satisfaction. This future satisfaction never comes, and obtaining objects brings with it an inevitable disappointment. One thought that one was obtaining the impossible lost object, but one ends up with just an ordinary empirical object that pales in comparison. I believed that the piece of chocolate cake that I just ate embodied the lost object itself before I ate it, but after having done so I realize its underwhelming ordinariness.

Todd McGowan, from Capitalism and Desire: The Psychic Cost of Free Markets, 2016. Via.

[reedintelligence]

Powder Coatings Market market Report, Market Size, Share, Trends, Analysis By Forecast Period 2024-2032

The global powder coatings market size was valued at USD 10.86 billion in 2022. It is estimated to reach USD 17.99 billion by 2031, growing at a CAGR of 5.77% during the forecast period (2023–2031).

The latest Global Powder Coatings Market by straits research provides an in-depth analysis of the Powder Coatings Market, including its future growth potential and key factors influencing its trajectory. This comprehensive report explores crucial elements driving market expansion, current challenges, competitive landscapes, and emerging opportunities. It delves into significant trends, competitive strategies, and the role of key industry players shaping the global Powder Coatings Market. Additionally, it provides insight into the regulatory environment, market dynamics, and regional performance, offering a holistic view of the global market’s landscape through 2032.

Powder coating is a coating form that is applied as a dry, free-flowing powder. In contrast to conventional liquid paint, which is applied using an evaporating solvent, particle coatings are frequently applied electrostatically and then heated or exposed to ultraviolet light to cure them. The granules could be composed of a thermoplastic or thermoset polymer. It is typically used to create a harder and more durable finish than conventional paint. Powder coating primarily coats metals, including domestic appliances, aluminum extrusions, drum hardware, automobiles, and bicycle frames.

Competitive Landscape

Some of the prominent key players operating in the Powder Coatings Market are 

AkzoNobel NV

Sherwin Williams Company

Arkema

RPM International Inc.

PPG Industries Inc.

Axalta Coatings Systems

Allnex

DSM

Asian Paints Ltd.

BASF

Berger Paints

Diamond Vogel

Dulux Group

Eastman Chemical Company

Evonik

Get Free Request Sample Report @ https://straitsresearch.com/report/powder-coatings-market/request-sample

The Powder Coatings Market Research report delivers comprehensive annual revenue forecasts alongside detailed analysis of sales growth within the market. These projections, developed by seasoned analysts, are grounded in a deep exploration of the latest industry trends. The forecasts offer valuable insights for investors, highlighting key growth opportunities and industry potential. Additionally, the report provides a concise dashboard overview of leading organizations, showcasing their effective marketing strategies, market share, and the most recent advancements in both historical and current market landscapes.Global Powder Coatings Market: Segmentation

The Powder Coatings Market segmentation divides the market into multiple sub-segments based on product type, application, and geographical region. This segmentation approach enables more precise regional and country-level forecasts, providing deeper insights into market dynamics and potential growth opportunities within each segment.

By Resin Type

Thermoset Resin

Thermoplastic Resin

By End-User Industry

Appliances/ Consumer Goods

Automotive

General Industrial

Furniture

Architectural

Others

Stay ahead of the competition with our in-depth analysis of the market trends!

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Market Highlights:

A company's revenue and the applications market are used by market analysts, data analysts, and others in connected industries to assess product values and regional markets.

But not limited to: reports from corporations, international Organization, and governments; market surveys; relevant industry news.

Examining historical market patterns, making predictions for the year 2022, as well as looking forward to 2032, using CAGRs (compound annual growth rates)

Historical and anticipated data on demand, application, pricing, and market share by country are all included in the study, which focuses on major markets such the United States, Europe, and China.

Apart from that, it sheds light on the primary market forces at work as well as the obstacles, opportunities, and threats that suppliers face. In addition, the worldwide market's leading players are profiled, together with their respective market shares.

Goals of the Study

What is the overall size and scope of the Powder Coatings Market market?

What are the key trends currently influencing the market landscape?

Who are the primary competitors operating within the Powder Coatings Market market?

What are the potential growth opportunities for companies in this market?

What are the major challenges or obstacles the market is currently facing?

What demographic segments are primarily targeted in the Powder Coatings Market market?

What are the prevailing consumer preferences and behaviors within this market?

What are the key market segments, and how do they contribute to the overall market share?

What are the future growth projections for the Powder Coatings Market market over the next several years?

How do regulatory and legal frameworks influence the market?

About Straits Research

Straits Research is dedicated to providing businesses with the highest quality market research services. With a team of experienced researchers and analysts, we strive to deliver insightful and actionable data that helps our clients make informed decisions about their industry and market. Our customized approach allows us to tailor our research to each client's specific needs and goals, ensuring that they receive the most relevant and valuable insights.

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[marketingreportz]

Thermoset Molding Compound Market - Forecast(2024 - 2030)

Thermoset Molding Compound Market Overview

Thermoset Molding Compound Market size is projected to reach US$11.4 billion by 2027, after growing at a CAGR of 6.8% during the forecast period 2022–2027. Thermosetting molding compounds such as phenolic resins, epoxy resins, polyester resins, urea formaldehyde and melamine formaldehyde possess properties such as good electrical insulation, corrosion and heat resistance, which make them an ideal material for a variety of end-use applications. A thermoset molding compound is widely employed in the electrical & electronics industry. Since the global electrical & electronics industry is growing, it is supporting the thermoset molding compound industry growth. The Japan Electronics and Information Technology Industries Association (JEITA) forecasted that the production by the global electronics and IT industries would grow by 2% year-on-year in 2020 to reach US$2,972.7 billion and would grow by 7% year on year in 2021 to reach a record US$3,175.6 billion. Factors such as the need for lighter weight in aerospace and transportation drive the growth of the thermosetting molding compound market. Several end-use industries in the Thermoset Molding Compound industry suffered negative effects as a result of the novel coronavirus pandemic, which had a direct impact on the Thermoset Molding Compound market size in the year 2020.

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Thermoset Molding Compound Market Report Coverage

The “Thermoset Molding Compound Market Report — Forecast (2022–2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Thermoset Molding Compound industry.

By Type: Phenolic Resins, Epoxy Resins, Polyester Resins, Urea Formaldehyde, Melamine Formaldehyde and Others. By End-use Industry: Automotive [Passenger Vehicles (PV), Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV)], Aerospace (Commercial Aircrafts, Military Aircrafts and Others), Electrical & Electronics (Antennas, Circuit Breakers, Switchgears and Others) and Others. By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World (the Middle East and Africa).

Key Takeaways

Asia-pacific dominates the Thermoset Molding Compound market, owing to the increase in investment in the electronics sector and transportation infrastructure in Asia-pacific. This increase can be attributed to the increasing per capita income and growing population in Asia-pacific.

The market is expanding as a result of the positive attributes of Thermoset Molding Compounds, such as their anti-corrosiveness, increased heat resistance and toughness, which make them ideal for use in electrical and electronic applications.

The emergence of nanotechnology, these compounds’ superior performance in comparison to their alternatives and the surge in interest in lightweight and fuel-efficient cars offer the sector promising growth prospects.

However, it is estimated that the high investment cost of Thermoset Molding Compounds may impede the expansion during the forecast period.

For More Details on This Report — Request for Sample

Thermoset Molding Compound Market Segment Analysis — by Type

The phenolic resins segment held a significant share in the Thermoset Molding Compound market share in 2021 and is estimated to grow at a CAGR of 6.9% during the forecast period 2022–2027, due to their improved properties. Phenolic resins are appropriate for use in insulation due to their low thermal conductivity. Due to its water resistance, high thermal stability and fire resistance, phenolic resin is used as a permanent binder and adhesive for wooden building panels as well as a binder for mineral wool insulation. By altering the manufacturing catalyst, phenolic resin’s properties can be altered for each application. As a result, the demand for phenolic resin-based Thermoset Molding Compound is on a significant upsurge, thereby driving segmental growth.

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Thermoset Molding Compound Market Segment Analysis — by End-use Industry

The electrical & electronics segment held a significant share in the Thermoset Molding Compound market share in 2021 and is projected to grow at a CAGR of 7.4% during the forecast period 2022–2027. The electrical and electronics industries benefit from thermoset molding compounds such as phenolic resins, epoxy resins, polyester resins, urea formaldehyde and melamine formaldehyde because they effectively insulate against electricity and heat. A strong molding material with strong dielectric properties, thermal shock resistance, corrosion resistance, arc resistance and electrically insulating properties is required for parts like circuit breakers, electrical enclosures or housings, covers, relays, switches, insulators and motor components. Furthermore, various electrical & electronic products such as covers, housings and circuit breakers require a molding material that protects sensitive internal electronics and components. This is accelerating the demand for Thermoset Molding Compound in the industry, which is subsequently propelling the segment growth.

Thermoset Molding Compound Market Segment Analysis — by Geography

Asia-pacific held the largest Thermoset Molding Compound market share of up to 42% in 2021, owing to the bolstering growth of the electrical & electronics sector in Asia-pacific. For instance, the consumer electronics and home appliance sector in India generated $9.84 billion in revenue in 2021 and is projected to grow to US$21.18 billion by 2025, according to the India Brand Equity Foundation (IBEF). The global electronics industry is expected to produce 7% more in 2021 than it did in 2020, reaching US$3,175.6 billion, according to the Japan Electronics and Information Technology Industries Association (JEITA). China’s electronic information manufacturing sector experienced steady growth in revenue and profits last year, according to the February 2022 report. According to the Ministry of Industry and Information Technology, operating revenue for the sector reached approximately 14.1 trillion yuan (roughly $2.2 trillion) in 2021, an increase of 14.7 percent from the previous year. With the increasing electrical & electronics production, the demand for molding materials significantly increased, which accelerated the demand for Thermoset Molding Compound in Asia-pacific.

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Thermoset Molding Compound Market Drivers

Increasing Automobile Production:

Thermoset Molding Compound provides lightweight materials for use in automotive manufacturing. The high-end vehicle manufacturers use carbon fiber composites to provide an enhanced finish. According to the Germany Trade & Invest (GTAI), German passenger car and light commercial vehicle OEM generated foreign market revenue of EUR 274 billion in 2021, an increase of ten percent over 2020. The International Organization of Motor Vehicle Manufacturers (OICA) estimates that heavy truck production in Europe increased by 31%, from 236,328 units in 2020 to 308,300 units in 2021. India’s domestic automobile production increased between FY16 and FY20 at a compound annual growth rate (CAGR) of 2.36 percent, with 26.36 million vehicles produced in FY20, according to the India Brand Equity Foundation (IBEF). With the increasing automobile production, the demand for lightweight automotive components is also increasing, thereby acting as a driver for the Thermoset Molding Compound market during the forecast period.

Flourishing Aerospace Sector:

In the aerospace industry, Thermoset Molded internal components are used within the cabins of civilian, commercial and military aircraft as they aid in making aircraft lightweight. The demand for aircraft is on an upsurge in various regions. According to Boeing’s current business forecast, the Middle East would need 2,520 new aircraft by 2030. Also, according to Boeing India, there is a demand for 2,300 aircrafts worth US$320 billion over the next 20 years. According to Boeing, in 2020, 8,995 aircraft fleets were delivered in North America. It is estimated to reach 10,610 fleets by 2039. Considering the importance associated with lightweight airplanes, it is expected that the increasing aerospace industry would act as a driver for the Thermoset Molding Compound market.

Thermoset Molding Compound Market Challenge

Fluctuating Raw Material Prices:

The raw materials often used for the production of Thermoset Molding Compounds are the downstream products of crude oil, such as epoxy resins. During the previous few years, the price of crude oil has been extremely volatile. The price of Brent crude oil has increased from US$43.73/bbl in 2016 to US$71.31/bbl in 2018 and then decreased to US$64.21/bbl in 2019 and US$41.84/bbl in 2020, according to the BP Statistical Review of World Energy. The volatility in the price of oil has caused fluctuation in the prices of raw materials for the manufacturing of thermoset molding compounds. Thus, the fluctuation in the price of crude oil has a direct influence on the price of the Thermoset Molding Compounds, which is a significant challenge for the market during the forecast period.

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Thermoset Molding Compound Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Thermoset Molding Compound market. The top 10 companies in the Thermoset Molding Compound market are:

Ashland Global Holding Inc.

BASF SE

Eastman Chemical Company

Evonik Industries AG

Hexion Inc.

Huntsman Corporation

Kolon Industries Inc.

Kyocera Chemical Corporation

Plastics Engineering Company

Rogers Corporation

Recent Developments

In March 2021, BASF announced a partnership with Sumitomo (SHI) Demag to create the first fully-automated, all-electric injection moulding cell for new high-performance polymer manufacturing.

In April 2020, Evonik announced the completion of the Marl expansion of its polyamide plant. The substance also combines quality and performance with excellent parameter estimation, uses very little water, has great structural correctness and has excellent UV resistance.

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The cyanate ester resins market is projected to grow from USD 217.3 million in 2024 to USD 411.23 million by 2032, reflecting a compound annual growth rate (CAGR) of 8.30%. The cyanate ester resins (CER) market is gaining significant traction due to its exceptional properties and increasing applications in various industries such as aerospace, defense, and electronics. Known for their high thermal stability, low moisture absorption, and superior electrical properties, cyanate ester resins are increasingly becoming a preferred material in high-performance applications. This article explores the growth drivers, challenges, key applications, and future prospects of the global cyanate ester resins market.

Browse the full report https://www.credenceresearch.com/report/cyanate-ester-resins-market

Overview of Cyanate Ester Resins

Cyanate ester resins are a type of thermosetting polymer, formed by the reaction of cyanate monomers. Due to their unique chemical structure, these resins exhibit remarkable resistance to high temperatures, making them ideal for applications that require exceptional heat resistance. Additionally, CERs possess low dielectric constant and loss, providing high dimensional stability and low outgassing – essential properties for aerospace and electronic components. Their high glass transition temperature (Tg) and robust thermal and chemical stability make them highly suitable for extreme environments.

Key Market Drivers

1. Demand from Aerospace and Defense

One of the most significant drivers of the cyanate ester resins market is the increasing demand from the aerospace and defense industries. As airframes and other aerospace components require materials that can withstand high temperatures and intense physical stress, CERs have become essential. With the growing need for high-performance materials to meet stringent aerospace standards, cyanate ester resins have proven to be a superior alternative to traditional epoxy resins. CERs offer better performance in terms of weight reduction, structural integrity, and thermal management, which are crucial for modern aircraft and defense systems.

 2. Advancements in Electronics and Electrical Industry

With the rise in miniaturization and development of high-density electronic components, the electronics industry demands materials that ensure high reliability and thermal performance. CERs' low dielectric constant and excellent moisture resistance make them ideal for applications in advanced printed circuit boards (PCBs), radomes, and antennas. Additionally, the growing trend of 5G technology is anticipated to boost demand for cyanate ester resins, as they provide excellent electrical insulation and signal integrity, making them suitable for next-generation communication systems.

3. Rising Adoption in Automotive Applications

The automotive industry is another major contributor to the growth of the cyanate ester resins market. Electric vehicles (EVs) and hybrid electric vehicles (HEVs) are increasingly incorporating CER-based components due to their lightweight and heat-resistant properties. As automotive OEMs push towards reducing vehicle weight to improve energy efficiency, cyanate ester resins are expected to see growing usage in applications such as electrical insulation and structural components for vehicles.

Market Challenges

1. High Cost of Production

Despite their advantages, the high cost of cyanate ester resins limits their widespread adoption, particularly in cost-sensitive industries. The production process of CERs is more complex and expensive than traditional resins, which poses a challenge for industries where cost competitiveness is crucial. Efforts to develop more cost-effective production methods are ongoing, and technological advancements in this area may help address this challenge over time.

2. Limited Awareness and Availability of Alternatives

While CERs offer outstanding performance, industries such as electronics and aerospace often have access to alternative materials like epoxy and bismaleimide resins, which also provide desirable properties at a lower cost. This competition may slow the adoption of cyanate ester resins in certain applications, particularly where less stringent performance requirements are needed. Increasing awareness of the unique benefits of CERs is essential to drive their adoption in these fields.

Future Prospects

The cyanate ester resins market is poised for substantial growth, driven by innovation and an expanding range of applications. Advancements in nanotechnology and materials science may further enhance the performance of CERs, potentially reducing production costs and increasing their appeal across various industries. Additionally, as industries increasingly prioritize sustainability, manufacturers are exploring bio-based and recyclable CER alternatives, which could help the industry meet evolving environmental standards.

Key Player Analysis:

Huntsman Corporation

Lonza Group Ltd.

Mitsubishi Gas Chemical Company, Inc.

Hexcel Corporation

Solvay S.A.

Toray Industries, Inc.

Tencate Advanced Composites (Toray Advanced Composites)

Cytec Solvay Group

SABIC

Argosy International, Inc.

Segmentation:

By Resin Type

Bisphenol E Cyanates

Novolac Cyanates

Bisphenol A Cyanates

Others (Phthalonitrile, Bisphenol M etc.)

By Application

Composites

Adhesives

Coatings

Others (Moldings etc.)

By End-use Industry

Aerospace & Defense

Electrical & Electronics

Automotive

Others (Sporting Goods, Wind Energy etc.)

By Region:

North America

US

Canada

Mexico

Europe

Germany

France

UK

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Browse the full report https://www.credenceresearch.com/report/cyanate-ester-resins-market

Contact:

Credence Research

Please contact us at +91 6232 49 3207

Email: sales@credenceresearch.com

Website: www.credenceresearch.com

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Recyclable Thermoset  Market, Market Size, Market Share, Key Players | BIS Research

Thermoset plastics, known for their excellent mechanical strength, chemical resistance, and durability, have long been integral in industries like automotive, aerospace, electronics, and construction. However, their primary drawback has been that, once cured, they are difficult to recycle. This has posed a significant environmental challenge, as traditional thermosets end up in landfills, contributing to plastic waste. 

The recyclable thermoset market is projected to reach $987.9 million by 2031 from $536.8 million in 2022, growing at a CAGR of 7.01% during the forecast period 2022-2031. .

Recyclable Thermoset Overview

Thermosets are polymers that, when cured through heat or chemical reactions, become rigid and maintain their shape permanently. 

The very feature that makes thermosets desirable for applications requiring durability is also what makes them difficult to recycle. Traditional thermoset plastics cannot be reshaped or reprocessed once cured because the cross-linked molecular structure prevents them from being melted down.

Applications for Recyclable Thermoset Market 

1 Automotive and Aerospace: These industries rely heavily on thermoset composites for lightweight, high-strength materials that improve fuel efficiency and performance. 

2 Electronics: Thermoset plastics are commonly used in electronic components due to their excellent insulating properties.

3 Construction: Thermosets are used in construction materials such as adhesives, coatings, and insulation. 

Market Segmentation 

1 By Application 

2 By Resin Type 

3 By Technology 

4 By Region 

Download the report and get more information @  Recyclable Thermoset  Market 

Major Key Players  

Mallinda Inc.

MCR Mixt Composites Recyclables

INTCO Recycling Group

Adesso Advanced Materials Inc.

Aditya Birla Chemicals

Download the sample page click here @  Recyclable Thermoset  Market 

Demand – Drivers and Limitations

Following are the demand drivers for the global recyclable thermoset market:

•    Advancement in Thermoset Recycling Technologies Globally •    Regulations Promoting Plastic Recycling in Various Countries •    Investments and Collaboration in Plastic Recycling Industry

The following are the challenges for the global recyclable thermoset market:

•    Complex Process of Thermoset Recycling •    Lack of Proper Infrastructure for Hard-to-Recycle Products

Recent Developments in the Global  Recyclable Thermoset Market

In November 2022, the Dow Chemical Company collaborated with WM to improve the status of hard-to-recycle plastic films. The collaboration would allow WM to divert nearly 120,000 metric tons of plastic waste from landfills.

In June 2022, PuriCycle is a new series of enhanced high-performance products from BASF SE for the purification of the most complex mixed plastic pyrolysis feeds. PuriCycle's portfolio includes innovative catalysts and adsorbents that have been designed to selectively remove and convert a wide range of contaminants in pyrolysis oils, allowing for the separation process of circular plastic flows. 

Challenges and Future Prospects

While recyclable thermosets offer exciting potential, there are still challenges to overcome before widespread adoption can occur. One of the primary challenges is ensuring that the recycling process is energy-efficient and cost-effective. Developing scalable recycling methods that maintain the mechanical and chemical properties of the original thermoset material is key to making these materials commercially viable.

Moreover, there is a need for standardization in recycling processes and material recovery, particularly in industries like automotive and aerospace, where stringent safety and performance standards must be met.

In the future, advances in smart materials and 3D printing could further enhance the recyclability and functionality of thermosets. As researchers continue to explore new chemistries and recycling methods, recyclable thermosets could become a cornerstone of sustainable manufacturing, contributing to the reduction of plastic waste and the creation of circular economies.

 Conclusion

Recyclable thermosets represent a transformative step towards sustainability in the plastics industry. By overcoming the limitations of traditional thermoset plastics, these materials have the potential to revolutionize industries and reduce environmental impact significantly. As research progresses and industrial adoption grows, recyclable thermosets could be a key player in the future of sustainable materials science.

[chemicalmarketwatch-sp]

Unsaturated Polyester Resin (UPR) Recycling and Circular Economy Trends

The unsaturated polyester resin (UPR) market is undergoing significant transformation as industries around the world strive to adopt more sustainable practices. As UPR is widely used in industries like automotive, construction, and marine for its durability and strength, its environmental impact has come under scrutiny. One of the major challenges is the difficulty in recycling UPR, which has traditionally been a barrier to implementing a circular economy in this sector.

However, as sustainability becomes a top priority, efforts to integrate UPR into a circular economy are gaining traction. The idea of a circular economy revolves around minimizing waste, extending the life of products, and reusing materials wherever possible. For UPR, this means rethinking how the material is produced, used, and ultimately disposed of. Let’s explore how the UPR industry is shifting towards more sustainable practices, focusing on recycling innovations and circular economy trends.

The global unsaturated polyester resins market is valued at USD 8.50 billion in 2024 and is projected to reach USD 10.29 billion by 2029, growing at 3.9% cagr from 2024 to 2029.

Recycling Challenges with UPR

One of the fundamental properties of unsaturated polyester resins is their ability to create strong, thermoset materials once cured. These materials are highly valued for their strength, but their inherent structure makes them difficult to recycle. Unlike thermoplastics that can be melted down and reshaped, thermosetting resins like UPR do not revert to a malleable state after curing, making traditional recycling methods ineffective.

In addition to the challenge posed by its chemical structure, UPR is often combined with glass fibers and other additives to create composite materials, further complicating the recycling process. Separating these components at the end of a product’s life is not only difficult but also costly, leading to large amounts of UPR-based materials ending up in landfills.

Circular Economy and UPR: Shifting Towards Sustainability

Despite these challenges, the drive toward a circular economy is leading to significant changes in how UPR is being approached. A circular economy model emphasizes keeping materials in use for as long as possible, recovering and regenerating materials at the end of their life cycle. For UPR, this shift is taking several forms:

Designing for End-of-Life Recovery: One of the key principles of a circular economy is designing products with their entire lifecycle in mind, including what happens after their useful life. In the UPR market, this involves developing resins that are easier to recycle or disassemble once they reach the end of their use. This shift in product design requires collaboration across the supply chain, from manufacturers to recyclers, to ensure that products can be effectively processed for reuse.

Chemical Recycling Innovations: While traditional mechanical recycling methods fall short for UPR, chemical recycling offers a promising alternative. Through chemical recycling, UPR can be broken down into its original components, which can then be reused to produce new resins. This approach, though still in the early stages of development, has the potential to significantly reduce waste. Technologies like pyrolysis and solvolysis are being researched as potential solutions to chemically break down UPR composites. While these processes currently require significant energy input, further innovation could make them more economically and environmentally viable.

Bio-Based UPR Development: To reduce reliance on fossil fuels and enhance recyclability, bio-based unsaturated polyester resins are becoming a topic of interest. These resins, derived from renewable sources like plant-based oils, offer an eco-friendlier alternative. Although still relatively new, bio-based UPRs could help lower the environmental footprint of resin production while making the material more compatible with circular economy practices. Researchers are actively exploring how bio-based UPRs can be integrated into a fully circular lifecycle, from production to recycling.

Hybrid Composites for Enhanced Recyclability: Another innovative trend is the development of hybrid composites that blend UPR with thermoplastics, which are easier to recycle. By incorporating thermoplastics into the resin, manufacturers can produce materials that offer the same durability and strength as traditional UPR but with improved recyclability. These hybrid composites are gaining interest in industries where both performance and sustainability are critical, such as automotive and aerospace.

Market and Regulatory Influences on UPR Recycling

The shift toward more sustainable UPR practices is not just being driven by technological advancements but also by market demands and regulatory pressures. Consumers are becoming increasingly aware of the environmental impact of the products they use, pushing industries to adopt greener practices. In response, companies that utilize UPR are looking for ways to improve the sustainability of their products.

In addition, governments around the world are enacting stricter regulations on the disposal of plastics and other non-recyclable materials. For example, the European Union’s Circular Economy Action Plan is setting ambitious targets for recycling and waste reduction, including guidelines for plastics. These regulations are encouraging companies to invest in research and development for more sustainable UPR products and recycling methods.

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The movement toward a circular economy in the UPR market is still in its early stages, but the potential for transformation is clear. As research and development continue to advance, the industry is expected to see significant improvements in the recyclability of UPR materials. Chemical recycling methods, bio-based resins, and hybrid composites all offer promising solutions that could drastically reduce the environmental impact of UPR.

For companies in the UPR industry, embracing circular economy principles is not only a matter of regulatory compliance but also a strategic opportunity. Those that prioritize sustainability and invest in recycling innovations will be well-positioned to meet growing market demands for greener products. As the push for sustainability continues, the UPR market is poised for significant change, leading to a more sustainable and environmentally responsible future.

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Thriving Under Pressure: Ceresana Analyzes the European Market for Plastic Pipes

Centrifugally cast, wound, or extruded: glass fiber-reinforced plastic pipes are particularly robust, heat-resistant, and durable. Both glass fibers and synthetic resins can be processed directly on site and cured with hot water or UV light, in the event of pipe damage, for example. The latest, seventh edition of the Ceresana report on the European market for plastic pipes includes GRP pipes as a separate product category for the first time. Pipes made of fiber-reinforced composites, usually mixtures of glass fibers and thermosetting polyester or epoxy resins, are currently the market segment with the most dynamic growth. However, their costs and requirements are higher than those of pipes made of polyvinyl chloride (PVC), polyethylene, polypropylene, or other thermoplastic materials: To date, GRP pipes only make up a relatively small proportion of the approximately 5 million tonnes of plastic pipes sold in Europe each year.

Further information about the 7th edition of the market study “Plastic pipes – Europe”: https://ceresana.com/en/produkt/plastic-pipes-market-report-europe

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Epoxy Resins Market Growth Forecast: From $10.5 Billion in 2020 to $21.87 Billion by 2031

Epoxy resins are versatile thermosetting polymers with a wide range of applications due to their excellent mechanical properties, chemical resistance, and adhesion. These resins play a crucial role in various industries, including construction, automotive, aerospace, and electronics. The epoxy resins market has seen substantial growth over the years, driven by advancements in technology and increasing demand across diverse sectors.

The global epoxy resins market is estimated to flourish at a CAGR of 6.9% from 2021 to 2031. Transparency Market Research projects that the overall sales revenue for epoxy resins is estimated to reach US$ 21.87 billion by the end of 2031. The growing use of epoxy resins in medical devices, dental materials, and pharmaceutical packaging emerges as an unseen driver. Epoxy's biocompatibility and resistance make it a valuable material in healthcare applications.

The rising emphasis on renewable energy sources drives demand for epoxy resins in wind turbine blades and solar panel components. Epoxy's strength and durability contribute to the reliability of these critical components. Epoxy resins gain popularity in artistic and craft sectors, with resin-based art projects and DIY applications on the rise.

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Market Segmentation

By Service Type

Formulation Services: Involves the customization of epoxy resin formulations to meet specific industry requirements.

Application Services: Encompasses the application of epoxy resins in various sectors such as construction and manufacturing.

By Sourcing Type

Primary Production: Direct production of epoxy resins from raw materials.

Recycled Resins: Reuse of epoxy resin products to create new formulations.

By Application

Construction: Used in adhesives, coatings, and flooring.

Automotive: Employed in parts and components for improved durability and strength.

Aerospace: Utilized in composites for lightweight and high-strength materials.

Electronics: Found in circuit boards and encapsulation.

Marine: Applied in boat building and maintenance due to its water-resistant properties.

By Industry Vertical

Construction & Infrastructure

Automotive

Aerospace & Defense

Electronics

Marine

Others (e.g., industrial coatings, sports equipment)

By Region

North America: Dominates the market due to advanced industrial sectors and high demand in aerospace and automotive industries.

Europe: Significant growth driven by the construction and automotive sectors.

Asia-Pacific: Fastest-growing region, with increasing industrial activities and rising infrastructure development.

Latin America: Emerging market with growing investments in construction and automotive industries.

Middle East & Africa: Gradual growth due to expanding industrial applications and infrastructure projects.

Regional Analysis

North America: The market is characterized by high demand for epoxy resins in aerospace, automotive, and construction sectors. The U.S. is a major contributor to this region’s growth due to its robust industrial base.

Europe: The European market benefits from technological advancements and stringent regulations promoting the use of high-performance materials. Countries like Germany and France are key players.

Asia-Pacific: The region is expected to witness the highest growth due to rapid industrialization, urbanization, and infrastructure development. China and India are major contributors to this growth.

Latin America: The market is expanding with increased investments in construction and automotive sectors, especially in countries like Brazil and Mexico.

Middle East & Africa: The growth is driven by infrastructure projects and increasing adoption of epoxy resins in industrial applications.

Market Drivers and Challenges

Drivers:

Technological Advancements: Innovations in resin formulations and processing techniques enhance performance and broaden applications.

Growing Construction and Infrastructure Activities: Rising urbanization and infrastructure development increase demand for epoxy-based products.

Expansion in Automotive and Aerospace Industries: High-performance requirements drive the use of epoxy resins in these sectors.

Challenges:

Volatility in Raw Material Prices: Fluctuations in the cost of key raw materials impact production costs and market stability.

Environmental Concerns: Increasing scrutiny on the environmental impact of epoxy resins and regulatory pressures for sustainable practices pose challenges.

Market Trends

Shift Towards Eco-friendly Resins: Growing emphasis on sustainable and bio-based epoxy resins to reduce environmental impact.

Advancements in Epoxy Resin Technology: Development of high-performance, lightweight, and durable resins for specialized applications.

Increased Adoption in Emerging Markets: Expanding industrial activities in developing regions drive demand for epoxy resins.

Future Outlook

The epoxy resins market is expected to continue its upward trajectory, supported by ongoing technological innovations and increasing demand across various sectors. The emphasis on sustainability and eco-friendly products will likely shape future developments in the industry. Companies are anticipated to focus on enhancing the performance characteristics of epoxy resins and expanding their applications in emerging sectors.

Key Market Study Points

Analysis of market trends and growth drivers.

Evaluation of regional market dynamics and key players.

Assessment of technological advancements and their impact on the industry.

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Competitive Landscape

The epoxy resins market is competitive, with key players including:

BASF SE

Hexion Inc.

Dow Chemical Company

SABIC

Huntsman Corporation

These companies are engaged in strategic initiatives such as mergers and acquisitions, partnerships, and technological innovations to strengthen their market position and address evolving customer needs.

Recent Developments

Product Innovations: Introduction of advanced epoxy resins with improved properties for specialized applications.

Sustainability Initiatives: Increased focus on developing eco-friendly and recyclable epoxy resins to meet environmental regulations.

Expansion Strategies: Companies expanding their production capacities and geographic presence to cater to growing market demands.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Website: https://www.transparencymarketresearch.com 

[seo-baicai]

What is UPR resin

UPR resin, which stands for Unsaturated Polyester Resin, is a thermosetting resin that plays a crucial role in various industries due to its unique properties and wide range of applications.

Unsaturated Polyester Resin is typically synthesized through the reaction of polyols and unsaturated dibasic acids or anhydrides. The resulting resin contains unsaturated double bonds in its molecular structure, which gives it the ability to undergo cross-linking and curing reactions in the presence of a curing agent, usually a peroxide.

One of the key characteristics of UPR resin is its excellent processability. It can be easily molded into different shapes and forms using techniques such as hand lay-up, spray-up, compression molding, and injection molding. This makes it suitable for the production of a wide variety of products, including fiberglass-reinforced plastics (FRP), which are widely used in the construction, automotive, marine, and aerospace industries. For example, in the construction industry, UPR resin is used to make fiberglass-reinforced panels for roofing and cladding, as well as pipes and tanks for chemical storage. In the automotive industry, it is used to make lightweight body parts and components.

UPR resin also offers good mechanical properties, such as high strength and stiffness. It has good resistance to corrosion and chemicals, making it suitable for use in harsh environments. Additionally, it can be formulated to have different levels of fire resistance, depending on the specific application requirements.

In terms of appearance, UPR resin can be colored and pigmented to achieve the desired aesthetic look. It can also be combined with various fillers and additives to enhance its properties or to impart specific functionalities.

Union Composites, a prominent company in the field of UPR resin production, has several advantages. Firstly, they have advanced manufacturing technology and expertise, ensuring the production of high-quality UPR resin with consistent properties. Their strict quality control measures guarantee that the resin meets the highest industry standards. Secondly, Union Composites has a wide range of UPR resin products, catering to different application needs. They can provide customized solutions to their customers, helping them to select the most suitable resin for their specific projects. Moreover, the company has a strong R & D team that is constantly working on improving and innovating their UPR resin products, keeping them at the forefront of the industry. Their ability to adapt to market changes and customer demands gives them a competitive edge. In conclusion, UPR resin is a versatile and important material, and Union Composites' advantages in its production make them a reliable and valuable supplier in the market.