#Thermoset Resins Market
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chemicalmarketwatch-sp · 1 month ago
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Unsaturated Polyester Resin (UPR) Recycling and Circular Economy Trends
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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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srilatha · 2 years ago
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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.
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fettesans · 2 years ago
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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.
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chemanalystdata · 9 days ago
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Vinyl Ester Resin Prices Trend | Pricing | News | Database | Chart
Vinyl Ester Resin is a widely used thermosetting resin that offers excellent corrosion resistance, high mechanical strength, and thermal stability, making it an essential component in various industries such as construction, automotive, and marine. The demand for vinyl ester resins has been steadily increasing due to their superior properties, especially in applications that require durability and resistance to chemical degradation. One of the key factors influencing the price of vinyl ester resin is the raw material cost, particularly the price of styrene, which is a key component in the production process. As the cost of styrene fluctuates, it directly impacts the overall cost of vinyl ester resins, which in turn affects pricing trends in the market.
Another important factor affecting the price of vinyl ester resins is the growing demand for composite materials, especially in the automotive, construction, and marine sectors. With the increasing trend toward lightweight materials, there has been a significant rise in the use of vinyl ester resins for the production of composite parts. These parts are used in applications such as boat hulls, wind turbine blades, and automotive components, where high strength-to-weight ratios and resistance to environmental factors are critical. As the demand for these materials continues to grow, so does the pressure on resin producers to meet market requirements, which often leads to higher prices.
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The economic recovery in many regions has also played a role in shaping vinyl ester resin prices. As industries return to full capacity after the disruptions caused by the pandemic, there has been a surge in demand for various products, including resins. This surge in demand has pushed prices upward, particularly in regions where there is a high concentration of manufacturing activity. Additionally, the recovery of the construction industry, particularly in emerging markets, has also contributed to higher demand for vinyl ester resins, further driving up prices.
Environmental regulations and sustainability concerns are also influencing the pricing of vinyl ester resins. The growing focus on reducing the carbon footprint of manufacturing processes has led to increased investment in the development of eco-friendly resins and additives. While these innovations may ultimately lead to more sustainable options in the long term, the cost of research and development, as well as the initial production of these eco-friendly alternatives, has contributed to price increases in the short term. As governments and regulatory bodies around the world continue to impose stricter environmental standards, resin manufacturers are being pushed to adapt to these changes, which often leads to increased production costs and, consequently, higher prices.
In addition to the factors mentioned above, fluctuations in the global supply and demand balance have a direct impact on the prices of vinyl ester resins. Regional market conditions, such as the availability of production facilities and transportation infrastructure, can cause significant price variations between different markets. For example, in areas where production facilities are abundant, resin prices may be relatively stable, while regions that rely heavily on imports may experience price hikes due to transportation and tariff costs. Moreover, local competition and market dynamics play a crucial role in determining how prices evolve over time. In regions with multiple resin suppliers, increased competition may help stabilize or lower prices, while monopolistic or oligopolistic markets may see higher prices due to limited supplier options.
The rise in the use of vinyl ester resins in new and innovative applications, such as in the renewable energy sector, is another factor influencing the price trend. Vinyl ester resins are increasingly being used in the production of wind turbine blades, solar panels, and other renewable energy components due to their superior mechanical properties and resistance to environmental degradation. As the demand for renewable energy grows globally, so does the demand for these resins, which has further contributed to price increases in the market. Additionally, the ongoing development of more advanced materials for use in renewable energy applications has led to the need for specialized resins that offer enhanced performance, further impacting pricing.
Looking forward, vinyl ester resin prices are expected to continue to be influenced by a variety of factors. The ongoing global economic recovery, fluctuations in raw material costs, and increased demand for composite materials are likely to keep prices volatile in the short to medium term. However, advancements in resin manufacturing techniques and the development of more sustainable and cost-effective alternatives could help stabilize prices in the future. As industries continue to seek more efficient and environmentally friendly solutions, the evolution of vinyl ester resin technology will play a critical role in shaping the pricing landscape for years to come. Manufacturers and consumers alike will need to stay informed about market trends and anticipate shifts in pricing to make strategic decisions in their respective sectors.
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marketingreportz · 15 days ago
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Wind Turbine Composite Materials Market - Forecast(2024 - 2030)
Wind Turbine Composite Materials Market Overview
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The government across the globe is also investing huge amounts in alternative energy sources such as solar and wind which is further supporting the market growth for composite materials. The increasing focus of governments on offshore wind energy installations is driving the market growth between 2021–2026. However, the high cost of carbon fiber and epoxy resin and recyclability issue of composites will likely hamper the market growth during the forecast period.
COVID-19 Impact
The COVID-19 pandemic has impacted the composite materials industry which has further impacted the wind turbine market. Due to the Covid-19, the manufacturing industry is impacted very badly that further impacted the wind turbine composite materials market. The slowdown in wind turbine installations and lack of raw material supplies, and workforce are impacting the market negatively. The covid-19 impacted every operation such as supply chain, production, sales, and others. However, the companies resumed their operation in 2021, which may positively impact the market.
Report Coverage
The report: “Wind Turbine Composite Materials Market — Forecast (2021–2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Wind Turbine Composite Materials industry. By Fiber Type: Glass Fiber, Carbon Fiber, Aramid Fiber, and Basalt fiber By Resin Type: Thermoplastic [Polyethylene, Polystyrene, Polyamides, Nylon, Polypropylene, Others], and Thermoset [Epoxy, Polyester, Phenolic Polyamide, and Others] By Technology: Injection Molding, Compression Molding, Pultrusion, Filament Winding, and Layup By Application: Blades, Wind turbine Hub, Rotor, Tower, Nacelle, Cables, Blade Pitch Controller, Propellers, and Others By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain, Denmark, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (the Middle East and Africa)
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Key Takeaways
The Asia Pacific region is expected to dominate the market and register the highest CAGR of 12.8% during the forecast period (2021–2026). The presence of leading chemical companies along with rapid growth in the personal care industry is propelling regional growth.
Epoxy resin is one of the widely used resins in wind turbine manufacturing. The segment is expected to register a high growth rate during the forecast period.
The growing installation of wind turbines in developing countries such as Brazil, Mexico, India, and China is creating a positive impact on the usage of wind turbine composite materials.
Figure: Asia Wind Turbine Composite Materials Market Revenue, 2020–2026 (US$ Billion)
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Wind Turbine Composite Materials Market Segment Analysis: By Fiber Type
The glass fiber reinforced plastics segment accounted for the largest share of more than 55% in the wind turbine composite materials market in 2020 and is estimated to grow at a significant rate during the forecast period. Glass fiber offers various properties including high strength, high durability, weather-resistant, and lightweight have boosted its demand in numerous end-use industries. The easy availability and cost-effectiveness of glass fiber reinforced plastics are the key factors propelling the demand for glass fiber composites in wind turbine manufacturing. The carbon fiber segment will register a significant growth rate during the forecast period. Carbon fibers offer various properties such as low thermal expansion, high stiffness, high-temperature tolerance, and high chemical resistance among others.
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Wind Turbine Composite Materials Market Segment Analysis: By Resin Type
The thermoset segment accounted for the largest share of more than 70% in the Wind turbine composite materials market in 2020 and is estimated to grow at a significant rate during the forecast period. Thermoset composite is usually based on carbon, glass, and aramid fibers. Epoxy resin is the widely used thermoset type in wind turbine composite materials. Approximately 50% of European wind blades are manufactured from epoxy resin. These resins offer lightweight, and good adhesion compared to other resin types. Generally, they are combined with glass fibers and carbon fibers to manufacture wind blades. The thermoplastic segment is expected to register a significant growth rate during the forecast period. Thermoplastics are less expensive compared to thermoset resin types. They are easily weld-able, non-toxic in nature, and recyclable. These are some of the driving factors supporting the market growth between 2021–2026.
Wind Turbine Composite Materials Market Segment Analysis: By Technology
The Layup segment accounted for the largest share of more than 33% in the wind turbine composite materials market in 2020 and is estimated to grow at a significant rate during the forecast period. Layup is the most common method used for the production of composites. The method is involved in placing layers of composite fiber in a structured order by using a matrix of resin and hardener. This method is widely used for the production of wind blades.
Wind Turbine Composite Materials Market Segment Analysis: By Application
The blades segment accounted for the largest market share of more than 55% of the market in 2020 and is estimated to grow significantly during the forecast period. Turbine blades serve as the most important composite-based part of wind turbines. The growing demand for wind energy is driving manufacturers to develop large wind blades for the high production of wind energy. For the development of large blades, a huge quantity of composite materials is used. Glass fibers and carbon fibers are used for the manufacturing of wind blades.
Wind Turbine Composite Materials Market Segment Analysis — By Geography
The Asia Pacific region held the largest share of more than 45% in the Wind Turbine Composite Materials market in 2020, owing to the rapid growth in the installation of wind turbines. The presence of developing nations such as China and India is driving the market growth. The presence of leading wind turbine manufacturers including Suzlon Energy Limited, and AVIC Huiteng Windpower Equipment Co., Ltd are supporting the region’s growth during the forecast period. The increasing investments by key developers for manufacturing efficient wind turbines are also boosting the market growth during the forecast period. According to the data published by Global Wind Energy Council (GWEC), China installed about 52 gigawatts of new wind power capacity in 2020.
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Wind Turbine Composite Materials Market Drivers
Rising Demand for Renewable Energy Sources
Wind energy is one of the fastest-growing renewable energies globally. Wind power is a clean energy source, and its usage is on the rise worldwide. The U.S. wind energy occupies approximately 38% of total renewable energy produced in 2019. According to the IRENA’s data, wind energy generation is increased from 7.5GW in 1997 to 564GW by 2018. Some ongoing and under-construction wind projects in the U.S. include Traverse Wind Energy Center, Aviator Wind Project, Goodnight Wind Energy Project, Alle-Catt Wind Farm, and Vineyard Wind I among others. According to the Ministry of New and Renewable Energy (MNRE), India has the fourth-highest wind installed capacity in the world with a total installed capacity of 39.25 GW (as of 31st March 2021) and has generated around 60.149 billion Units during 2020–2021. According to the European Commission, the total installed wind energy capacity in Europe reached 210GW and is estimated to reach 350GW, supplying up to 24% of electricity demand
Wind Turbine Composite Materials Market Challenges
Recyclability Issue of Composites
Composite materials are preferred for wind applications because of their durability and superior strength. Proper waste disposal and recycling at the end of the useful life of composite materials are necessary. Many current and future waste management and environmental legislation are making strict regulations on engineering materials to be properly recovered and recycled. The complex material compositions and the cross-linked nature of thermoset resins are making it difficult for recyclability. However, the use of polymers that can be recycled when used with carbon and other niche fibers reduces the composite non-recyclable. This has become a major issue as the landfills are filling up at a faster pace along with the need for going green due to global warming. Biological attack on composite materials may consist of fungal growth or marine fouling
Wind Turbine Composite Materials Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Wind Turbine Composite Materials market. Major players include:
TPI Composites, Inc.
MFG Wind
LM Wind Power
Gamesa Corporation Technology
Vestas Wind Systems A/S
Suzlon Energy Limited
Siemens AG
AVIC Huiteng Windpower Equipment Co., Ltd.
AREVA and others.
Acquisitions/Technology Launches
In May 2021, Hexcel launched a range of HexPly® surface finishing prepregs and semi- prepregs for wind turbine blades and automotive and marine applications.
Relevant Reports
Composite Materials Market — Forecast(2021–2026) Report Code: CMR 0010
High-Temperature Composite Materials Market — Forecast(2021–2026) Report Code: CMR 10087
For more Chemicals and Materials Market reports, please click here
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vfxbloger · 24 days ago
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credenceresearchdotblog · 1 month ago
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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
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123567-9qaaq9 · 1 month ago
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Recyclable Thermoset  Market, Market Size, Market Share, Key Players | BIS Research
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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.
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prabhugikwad1088 · 1 month ago
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chemicalmarketwatch-sp · 1 month ago
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Unsaturated Polyester Resin (UPR) Recycling and Circular Economy Trends
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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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ceresana · 2 months ago
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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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sheetalblogs · 2 months ago
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tmr-blogs2 · 2 months ago
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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.
Contact:
Transparency Market Research Inc.
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Website: https://www.transparencymarketresearch.com 
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marketingreportz · 1 month ago
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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.
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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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dbmrmark · 2 months ago
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vfxbloger · 24 days ago
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