Thermoset Plastics Market Size, Share, Opportunities, And Trends By Material Type (Epoxies, Phenolic, Polyesters, Aromatics, Aliphatic, Amines, Silicon), By Thermoset Moulding Process Type (Reactive Injection, Compression, Extrusion, Spin Casting), By Industry (Aerospace, Automotive, Consumer Electronics, Construction, Adhesives And Coatings, Others), And By Geography - Forecasts From 2025 To 2030

Thermoset Plastics Market Size:

The thermoset plastics market is projected to grow at a CAGR of 3.44% during the forecast period 2025 to 2030.

Thermoset plastics are polymers that irreversibly harden when heated. This process involves applying heat to a liquid or soft solid substance, which provides the energy needed for chemical reactions to occur. These reactions increase cross-linking between polymer chains, resulting in the formation of a rigid material known as thermosetting plastic.

Thermosetting polymers are characterized by a three-dimensional network of chemical linkages, which gives them exceptional strength. They are highly suitable for high-temperature applications, as they remain stable up to their decomposition temperature. Their high aromatic content and cross-link intensity make them resistant to heat degradation and chemical degradation. However, while increased cross-link density enhances mechanical strength and hardness, it also makes thermosetting plastics brittle, causing them to disintegrate before melting.

A significant drawback of thermosetting polymers is their inability to be melted and remolded after curing. This property limits their recyclability, posing challenges for sustainable use.

Thermosetting plastics are widely used by original equipment manufacturers (OEMs) and in the production of replacement parts. They are employed in factory-finished structural composites, composite repair, and protective materials.

Thermoset Plastics Market Growth Drivers:

Rising utilization in the construction industry is augmenting the demand for thermoset plastics

The construction industry is the largest end-user of thermosetting plastics. Key applications include adhesives, sealants, thermal insulation, roofing, pipelines, bridge construction, and the repair and rehabilitation of civil structures. The construction sector is expanding rapidly in emerging Asian economies like India, China, Malaysia, and ASEAN countries, driven by population growth and infrastructure development.

For instance, the Indian construction sector has seen significant growth due to increased government investment. Initiatives like "Housing for All by 2022" initiative launched in 2015 aimed to have built 20 million homes by 2022. While the deadline has passed, the program continues to influence demand, with the Ministry of Housing and Urban Affairs reporting over 11 million homes completed by 2024. Additionally, the Smart Cities Mission, targeting 100 cities, and a projected need for 30 million homes by 2030, will continue to sustain thermoset demand. The robust IT-ITeS sector further drives commercial real estate growth, amplifying market opportunities.

Innovations in recyclable thermosets will also boost the market growth.

In the near future, recyclable thermosets are expected to replace conventional thermosetting plastics. Researchers are focusing on improving the properties of thermosets and developing new materials, such as polyhexahydrotriazine (PHT), a recyclable thermosetting plastic. To remain competitive, companies are investing heavily in research and development (R&D) to create innovative and upgraded products.

In June 2020, Huntsman Corporation acquired CVC Thermoset Specialties, a North American specialty chemical producer. CVC’s expertise in toughening, curing, and other additives aligns with Huntsman’s strategy to expand its specialty advanced materials portfolio. These products offer enhanced performance in harsh environments, including durability, flexibility, and resistance to chemicals, cracks, and impacts.

Utilization in composite manufacturing is also aiding in the market growth.

Thermoset plastics play a significant role in the global polymer market, particularly in the production of composites. Their demand is driven by applications in industries such as aerospace, automotive, and consumer electronics. As a result, the use of thermoset plastics is expected to grow significantly in the coming years.

Thermoset Plastics Market Geographical Outlook:

Asia Pacific dominates the global thermoset plastic market

The Asia Pacific region is expected to dominate the thermosetting plastics market during the forecast period. China and India are the key drivers of this growth, supported by government initiatives to build smart cities and modern infrastructure. For example, in 2019, the Chinese government approved 26 infrastructure projects worth USD 142 billion, which are expected to be completed by 2025. The growing demand for housing in both the public and private sectors is also driving residential construction in the region.

The global thermoset plastics market report deep-dives into the global industry landscape and provides a strategic and executive level-level insights complemented by data-driven analysis and forecasts. The report is updated regularly to help the decision-makers with actionable intelligence into the current market trends, emerging opportunities and competitive intelligence. The report also explores the demand for different types of material type such as epoxies, phenolic, polyesters, aromatics, aliphatic, amines, and silicon etc. and showcases their demand across geographies. The latest technological advancements in the thermoset plastics sector in addition to key government policies and regulations and macroeconomic factors are also analyzed to present a holistic view of the market.

Thermoset Plastics Market Segmentation:

The Thermoset Plastics Market is analysed by material type into the following:

• Epoxies
• Phenolic
• Polyesters
• Aromatics
• Aliphatic
• Amines
• Silicon

Thermoset Plastics Market Segmentation by thermoset molding process type:

Reactive injection molding is one of the largest market segments. The report analysed the Thermoset Plastics Market into different services as below:

• Reactive Injection Molding
• Compression Molding
• Extrusion Molding
• Spin Casting

Thermoset Plastics Market Segmentation by industry vertical:

The report analysed the Thermoset Plastics Market across 6 industries as following:

• Aerospace
• Automotive
• Consumer Electronics
• Construction
• Adhesives And Coatings
• Others

Thermoset Plastics Market Segmentation by regions:

The study also analysed the Thermoset Plastics Market into the following regions, with country level forecasts and analysis as below:

• North America (US, Canada and Mexico)
• South America (Brazil, Argentina, and Rest of South America)
• Europe (Germany, UK, France, Spain and Rest of Europe)
• Middle East and Africa (Saudi Arabia, UAE and Rest of Middle East and Africa)
• Asia Pacific (China, Japan, India, South Korea, Thailand, Indonesia, and Others)

Thermoset Plastics Market Competitive Landscape:

The global thermoset plastics market is marked by the presence of key players such as B & B Plastics Inc, B. Schoenberg & Co., Inc., PARC Corporation, Custom Polymers, Inc., American Packaging Corporation, United Plastic Recycling, Inc., Norwich Plastics, Inc., Berry Global Group, Inc., Teijin Limited, and DuPont de Nemours, Inc.  among others.   

Thermoset Plastics Market Report Coverage:

This report provides extensive coverage as explained in the points below:

• Thermoset Plastics Market size, forecasts and trends by different material type. The section provides historical revenue data with analysis focusing on key factors driving the dirreent material type. The current challenges faced by key market players and what are the major growth areas.
• Thermoset Plastics Market size, forecasts and trends by thermoset molding process type. The section provides historical revenue data with analysis focusing on different thermoset molding process type.
• Thermoset Plastics Market size, forecasts and trends by industry. The section provides historical revenue data with analysis focusing on major industries using thermoset plastics.
• Thermoset Plastics Market is also analysed across different regions, with historical data, regional share, attractiveness and opportunity of these solutions in different countries. The growth prospects and key players operating in these markets. The section also dwells on the macro factors, economic scenario and other complementing factors aiding in market growth.
• Market dynamics: The section details the market growth factors, restraints, and opportunities in the market. The segment also presents complete market scenario with the help of Porter’s five forces model.
• Competitive Intelligence: A thorough investigation on the competitive structure of the market presented through proprietary vendor matrix model, market share analysis of key players, insights on strategies of key players and recent major developments undertaken by the companies to gain competitive edge.
• Research methodology: The assumptions and sources which were considered to arrive at the final market estimates. Additionally, how our model is refined to ensure most significant factors are taken into consideration with the proper hypothesis and bottom-up and top-down approaches enhance the reliability of forecasts further strengthening the trustworthiness of the numbers being presented.

How this report is helpful to you and reasons for purchase?

• The report provides a strategic outlook of the Thermoset Plastics Market  to the decision-makers, analysts and other stakeholders in the easy to read format for taking informed decisions.
• The charts, tables and figures make it easy for the executives to gain valuable insights while skimming the report.
• Analyst support through calls and email for timely clarification and incorporating additional requests.
• Option of presentation or doc format with the estimates file to take care of diverse requirements.
• 15% FREE customization with all our reports help cater additional requirements with significant cost-savings.
• Option of purchasing specific segments of the study, including opting for summary reports or just the estimates file. 

Thermoset Plastics Market Scope:

Report Metric	Details
Growth Rate	CAGR of 3.44%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Material Type Thermoset Moulding Process Type Industry Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the Thermoset Plastics Market	B & B Plastics Inc  B. Schoenberg & Co., Inc. PARC Corporation Custom Polymers, Inc. American Packaging Corporation
Customization Scope	Free report customization with purchase

 

Our Best-Performing Industry Reports:

• Cosmetic Chemicals Market

• Fluorochemicals Market

• Chemical Licensing Market

---

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. THERMOSET PLASTICS MARKET BY MATERIAL TYPE

5.1. Introduction

5.2. Epoxies

5.3. Phenolic

5.4. Polyesters

5.5. Aromatics

5.6. Aliphatic

5.7. Amines

5.8. Silicon

6. THERMOSET PLASTICS MARKET BY THERMOSET MOLDING PROCESS TYPE

6.1. Introduction

6.2. Reactive Injection Molding

6.3. Compression Molding

6.4. Extrusion Molding

6.5. Spin Casting

7. THERMOSET PLASTICS MARKET BY INDUSTRY

7.1. Introduction

7.2. Aerospace

7.3. Automotive

7.4. Consumer Electronics

7.5. Construction

7.6. Adhesives And Coatings

7.7. Others

8. THERMOSET PLASTICS MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Italy

8.4.5. Spain

8.4.6. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. Japan

8.6.3. India

8.6.4. South Korea

8.6.5. Taiwan

8.6.6. Thailand

8.6.7. Indosneisa

8.6.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. B & B Plastics Inc  

10.2. B. Schoenberg & Co., Inc.

10.3. PARC Corporation

10.4. Custom Polymers, Inc.

10.5. American Packaging Corporation

10.6. United Plastic Recycling, Inc.

10.7. Norwich Plastics, Inc.

10.8. Berry Global Group, Inc.  

10.9. Teijin Limited

10.10. DuPont de Nemours, Inc. 

11. APPENDIX

11.1. Currency 

11.2. Assumptions

11.3. Base and Forecast Years Timeline

11.4. Key benefits for the stakeholders

11.5. Research Methodology 

11.6. Abbreviations 

B & B Plastics Inc  

B. Schoenberg & Co., Inc.

PARC Corporation

Custom Polymers, Inc.

American Packaging Corporation

United Plastic Recycling, Inc.

Norwich Plastics, Inc.

Berry Global Group, Inc.  

Teijin Limited

DuPont de Nemours, Inc.