Global Recyclable Thermosets Market Size Study, by Product (UPR, Epoxy, Phenol Formaldehyde, Polyurethane), by Application (Construction, Energy And Power, Automotive, Electrical And Electronics), and Regional Forecasts 2022-2032

Description

The Global Recyclable Thermosets Market, valued at approximately USD 388.54 million in 2023, is anticipated to grow at an impressive CAGR of 9.99% over the forecast period 2024-2032. Recyclable thermosets have emerged as a transformative solution in the materials industry, offering sustainable alternatives to conventional non-recyclable thermoset polymers. By leveraging advanced chemistries and molecular innovations, recyclable thermosets maintain their structural integrity while enabling repurposing, thus addressing critical environmental concerns associated with material waste.

The construction sector is leading the adoption of recyclable thermosets due to their lightweight nature, durability, and resistance to extreme environmental conditions. Furthermore, the automotive industry is increasingly integrating these materials into vehicle components to enhance fuel efficiency and align with global sustainability goals. The energy and power sectors also benefit significantly from thermosets' insulating properties, ensuring long-term performance in harsh operating environments. As industries worldwide intensify their focus on reducing carbon footprints, recyclable thermosets are poised to become indispensable materials across diverse applications.

Despite its promising outlook, the market faces challenges such as high production costs and the complexities involved in integrating recyclable thermosets into established manufacturing processes. However, continuous advancements in chemical recycling technologies and increased investments in R&D are expected to mitigate these barriers, enabling broader adoption and cost-efficiency. Additionally, regulatory policies promoting circular economies are likely to drive further market expansion, offering lucrative growth opportunities for stakeholders.

Regionally, North America and Europe dominate the recyclable thermosets market, driven by stringent environmental regulations and robust industrial infrastructures. Meanwhile, the Asia-Pacific region is projected to witness the fastest growth, fueled by rapid industrialization, increased construction activities, and rising awareness regarding sustainable materials. Countries such as China, India, and Japan are at the forefront of adopting recyclable thermosets, reinforcing the region's status as a key growth hub.

Major market players included in this report are:

Arkema S.A.
BASF SE
Covestro AG
Huntsman Corporation
Evonik Industries AG
Solvay S.A.
Ashland Global Holdings Inc.
SABIC
DSM Engineering Materials
Toray Industries, Inc.
Hexion Inc.
Lanxess AG
Ube Industries Ltd.
Mitsubishi Chemical Corporation
Dow Inc.

The detailed segments and sub-segment of the market are explained below:

By Product:

UPR
Epoxy
Phenol Formaldehyde
Polyurethane

By Application:

Construction
Energy And Power
Automotive
Electrical And Electronics

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico
Rest of Latin America

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year: 2022
Base year: 2023
Forecast period: 2024 to 2032

Key Takeaways:

Market estimates and forecasts for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscapes with country-level insights.
Comprehensive competitive analysis and strategies of key players.
Actionable recommendations for stakeholders to capitalize on emerging trends.

Chapter 1. Global Recyclable Thermosets Market Executive Summary

1.1. Global Recyclable Thermosets Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Recyclable Thermosets Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Recyclable Thermosets Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand from Construction Sector
- 3.1.2. Advancements in Automotive Materials
- 3.1.3. Expansion in Energy and Power Applications
3.2. Market Challenges
- 3.2.1. High Production Costs
- 3.2.2. Complexities in Manufacturing Processes
3.3. Market Opportunities
- 3.3.1. Innovations in Chemical Recycling Technologies
- 3.3.2. Expansion into Emerging Markets
- 3.3.3. Development of Next-Generation Recyclable Thermosets

Chapter 4. Global Recyclable Thermosets Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Recyclable Thermosets Market Size & Forecasts by Product 2022-2032

5.1. Segment Dashboard
5.2. Global Recyclable Thermosets Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. UPR
- 5.2.2. Epoxy
- 5.2.3. Phenol Formaldehyde
- 5.2.4. Polyurethane

Chapter 6. Global Recyclable Thermosets Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Recyclable Thermosets Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. Construction
- 6.2.2. Energy And Power
- 6.2.3. Automotive
- 6.2.4. Electrical And Electronics

Chapter 7. Global Recyclable Thermosets Market Size & Forecasts by Region 2022-2032

7.1. North America Recyclable Thermosets Market
- 7.1.1. U.S. Recyclable Thermosets Market
  - 7.1.1.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. Product Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Recyclable Thermosets Market
  - 7.1.2.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.1.2.2. Product Breakdown Size & Forecasts, 2022-2032
7.2. Europe Recyclable Thermosets Market
- 7.2.1. UK Recyclable Thermosets Market
- 7.2.2. Germany Recyclable Thermosets Market
- 7.2.3. France Recyclable Thermosets Market
- 7.2.4. Spain Recyclable Thermosets Market
- 7.2.5. Italy Recyclable Thermosets Market
- 7.2.6. Rest of Europe Recyclable Thermosets Market
7.3. Asia Pacific Recyclable Thermosets Market
- 7.3.1. China Recyclable Thermosets Market
- 7.3.2. India Recyclable Thermosets Market
- 7.3.3. Japan Recyclable Thermosets Market
- 7.3.4. Australia Recyclable Thermosets Market
- 7.3.5. South Korea Recyclable Thermosets Market
- 7.3.6. Rest of Asia Pacific Recyclable Thermosets Market
7.4. Latin America Recyclable Thermosets Market
- 7.4.1. Brazil Recyclable Thermosets Market
- 7.4.2. Mexico Recyclable Thermosets Market
- 7.4.3. Rest of Latin America Recyclable Thermosets Market
7.5. Middle East & Africa Recyclable Thermosets Market
- 7.5.1. Saudi Arabia Recyclable Thermosets Market
- 7.5.2. South Africa Recyclable Thermosets Market
- 7.5.3. Rest of Middle East & Africa Recyclable Thermosets Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Arkema S.A.
- 8.1.2. BASF SE
- 8.1.3. Covestro AG
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Arkema S.A.
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. BASF SE
- 8.3.3. Covestro AG
- 8.3.4. Huntsman Corporation
- 8.3.5. Evonik Industries AG
- 8.3.6. Solvay S.A.
- 8.3.7. Ashland Global Holdings Inc.
- 8.3.8. SABIC
- 8.3.9. DSM Engineering Materials
- 8.3.10. Toray Industries, Inc.
- 8.3.11. Hexion Inc.
- 8.3.12. Lanxess AG
- 8.3.13. Ube Industries Ltd.
- 8.3.14. Mitsubishi Chemical Corporation
- 8.3.15. Dow Inc.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes