市場調查報告書
商品編碼
1352105
全球熱固性塑膠市場評估:按類型、加工類型、應用、最終用途產業、地區、機會、預測(2016-2030)Thermoset Plastics Market Assessment, By Type, By Processing Type, By Application, By End-use Industry, By Region, Opportunities and Forecast, 2016-2030F |
全球熱固性塑膠市場規模預計將從 2022 年的 1,510 億美元增至 2030 年的 2,248 億美元,2023-2030 年預測期間複合年增長率為 5.1%。快節奏的建築活動以及與運輸產品相關的生產活動的增加是市場的主要成長動力。
對更多居住空間的需求不斷增加以及政府對經濟適用房計劃的投資等突出因素正在加速全球範圍內的建築活動。此外,電動車的普及、研發活動的增加以及對自動駕駛汽車創新的投資正在刺激汽車產業的成長。蓬勃發展的汽車工業正在加速對保護汽車零件免受腐蝕的熱固性塑膠的需求。
熱固性塑膠已成為窗框、保險桿和電池外殼等汽車應用的理想解決方案。推動汽車產業的主要趨勢是基礎設施建設以增加產量和小型汽車需求的增加。
例如,根據OICA公佈的最新數據,2021年全球市場汽車產量為80,205,102輛,2022年為85,016,728輛。2022年全球汽車產量較2021年成長率為6%。因此,蓬勃發展的汽車工業正在推動對聚氨酯、環氧樹脂等熱固性塑膠的需求,以確保優異的耐熱性。這正在推動全球市場的成長。
政府對基礎設施開發項目的投資增加以及對更多商業空間的需求增加是推動全球建築活動成長的一些突出方面。
例如,根據建築產品協會最近發布的報告,2022年全球建築活動較2021年成長2.0%。因此,建築活動的增加刺激了對熱固性塑膠的需求,以確保良好的防潮性,加速了全球市場的成長。
熱固性塑膠產品系列的領先公司利用其技術潛力開發熱固性塑料,其應用可確保建築、石油和天然氣等不同最終用途行業產品的卓越耐用性。我們正在開發一個新的產品組。因此,新的技術創新正在推動具有先進功能的熱固性塑膠新產品系列的推出,並加速市場收入的成長。
例如,2023年8月,G6 Materials Corp.推出了名為G6-EPOXY的新系列導熱環氧樹脂產品。此新產品系列具有優異的絕緣性能。因此,熱固性塑膠製造的進步確保了卓越的塑膠功能,推動了整體市場的成長。
在電氣和電子行業中,使用熱固性塑膠對於確保卓越的耐熱性至關重要,這通常會提高電子產品的耐用性。有利的監管框架和對新電子製造工廠的投資增加正在加速電氣和電子行業的成長。
例如,根據JEITA的數據,2021年全球電氣電子設備產值為311.15億美元。2022年為2614,331萬美元,成長1%。未來,全球電氣電子產業將迎來高速成長。因此,對更耐用材料(包括熱固性塑膠)的需求不斷增加,以確保卓越的電子功能,從而推動市場成長。
本報告研究和分析了全球熱固性塑膠市場,提供市場規模和預測、市場動態以及主要參與者的現狀和前景。
Global thermoset plastics market size was valued at USD 151 billion in 2022, which is expected to grow to USD 224.8 billion in 2030, with a CAGR of 5.1% during the forecast period between 2023 and 2030. The rapidly advancing building and construction activities and the rising production activities associated with transportation products are the primary drivers boosting the global thermoset plastics market growth.
Prominent factors such as increasing demand for larger living spaces and government investments in affordable housing plans are accelerating the building and construction activities at the global level. In addition, the rising adoption of electric cars, increasing research & development activities, and investment in innovations of autonomous vehicles are spurring the automotive industry's growth. The booming automotive industry is accelerating the demand for thermoset plastics to protect automotive components from corrosion. In addition, the new technological advancements for innovations in the latest range of thermoset plastics supplement market growth. Thus, the innovations in thermoset plastics and the rapidly increasing construction activities are fostering the global plastics thermoset market growth.
The key performance features of thermoset plastics include superior mechanical strength and corrosion resistance. As a result, thermoset plastics are an ideal solution for automotive applications such as window frames, bumpers, battery casings, etc. The key trends driving the automotive industry are recently developed advanced infrastructure for increased production and rising demand for highly compact vehicles.
For instance, according to the latest data published by the Organisation Internationale des Constructeurs d'Automobiles (OICA), in 2021, automobile production in the global market was 80,205,102 units, and in 2022, it was 85,016,728 units. In 2022, the annual growth rate of global automotive production was 6% in comparison to 2021. Hence, the booming automotive industry is fueling the demand for thermoset plastics such as polyurethane, epoxy, and others to ensure superior resistance against heat. This, in turn, is driving the global thermoset plastic market growth.
Thermoset plastics are a type of polymer that offers superior properties, including efficiency, higher versatility, excellent flexibility, and mechanical properties. Thus, thermoset plastics are utilized in building & construction applications such as insulated panels, roof insulation, windows & door gap fillers, etc. The rising government investments in infrastructure development projects and increasing demand for larger commercial space are some prominent aspects propelling the growth of building & construction activities at the global level.
For instance, according to a recent report published by the Construction Products Association, in 2022, global construction activities registered a growth of 2.0% compared to 2021. As a result, the rise in building & construction activities is spurring the demand for thermoset plastics to ensure superior resistance against moisture, which is accelerating the market growth at the global level.
The major players in the thermoset plastics product range are leveraging their technological potential to develop a new range of thermoset plastics, which have applications in a diverse range of end-use industries such as building & construction and oil & gas to ensure excellent durability of products. Thus, the new technological innovations are fostering the launch of a new range of thermoset plastics equipped with advanced features, accelerating the market's revenue growth.
For instance, in August 2023, G6 Materials Corp. launched a new thermally conductive epoxy product range named G6-EPOXY. The new range of products is equipped with superior insulation properties. Therefore, the increasing advancements in thermoset plastics manufacture ensure superior plastic functionality, boosting the overall market growth.
In the electrical and electronics industry, deploying thermoset plastics is vital to ensure superior thermal resistance, often resulting in more extended durability of electronic products. The favorable regulatory framework and increasing investment in new electronics manufacturing plants are amplifying the growth of the electrical and electronics industry.
For illustration, according to the Japan Electronics and Information Technology Industries Association (JEITA), in 2021, global electrical and electronics production was valued at USD 31,100.15 million. In 2022, it was USD 26,143.31 million, an increase of 1%. Henceforth, the electrical and electronics industry is registering growth globally. As a result, the demand for higher-durable materials, including thermoset plastics, is increasing to ensure superior electronics functioning, proliferating the market growth.
The COVID-19 restrictions in 2020 significantly declined the import-export of thermoset plastics. For instance, according to the International Trade Administration (ITA), the global imports of polyurethanes in primary form were USD 7,263,942 thousand, and in 2020, it was USD 6,589,476 thousand, a decline of 9.29%. Similarly, in 2019, the exports of polyurethanes in primary form were USD 7,106,485 thousand; in 2022, it was USD 6,492,764 thousand, a decline of 8.63%. Thus, the decline in the import and export of thermoset plastics resulted in a decline in the revenue growth of the market in 2020.
However, the ease of COVID-19-related regulation at the end of 2020 improved market conditions. Furthermore, in the long run, it is expected that the impact of the COVID-19 pandemic will be negligible, which will lead to the thermoset plastics industry's outlook to register growth prospects during the projected forecast period.
Russia is among the leading exporters of crude oil, a vital material employed in producing thermoset materials. The Russia-Ukraine war has impacted the supply of essential materials and the prices of thermoset materials.
For instance, according to the World Bank, in 2022, due to the Russia-Ukraine war, the price of crude oil soared by USD 100 per barrel, reaching its highest level since 2013. Thus, the crude oil price increases due to Russia's invasion of Ukraine posed a bottleneck for the production activities for thermoset plastics in the first half of 2022.
The leading global thermoset plastics market players include: Celanese Corporation, LANXESS, BASF SE, DSM, and others. The prominent players involved in the manufacturing of thermoset plastics are investing in strategies such as new product innovation, acquisitions, and others to increase their market share in the global thermoset plastics market.
For instance, in July 2020, Daicel Corporation, a global plastic market player, acquired Celanese Corporation's engineering plastics business segment for USD 1.58 billion. The acquisition will encourage Daicel Group to diversify into other advanced engineering plastics and develop new products.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.