市场调查报告书
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1352105
全球热固性塑胶市场评估:按类型、加工类型、应用、最终用途产业、地区、机会、预测(2016-2030)Thermoset Plastics Market Assessment, By Type, By Processing Type, By Application, By End-use Industry, By Region, Opportunities and Forecast, 2016-2030F |
全球热固性塑胶市场规模预计将从 2022 年的 1,510 亿美元增至 2030 年的 2,248 亿美元,2023-2030 年预测期间复合年增长率为 5.1%。快节奏的建筑活动以及与运输产品相关的生产活动的增加是市场的主要成长动力。
对更多居住空间的需求不断增加以及政府对经济适用房计划的投资等突出因素正在加速全球范围内的建筑活动。此外,电动车的普及、研发活动的增加以及对自动驾驶汽车创新的投资正在刺激汽车产业的成长。蓬勃发展的汽车工业正在加速对保护汽车零件免受腐蚀的热固性塑胶的需求。
热固性塑胶已成为窗框、保险桿和电池外壳等汽车应用的理想解决方案。推动汽车产业的主要趋势是基础设施建设以增加产量和小型汽车需求的增加。
例如,根据OICA公布的最新数据,2021年全球市场汽车产量为80,205,102辆,2022年为85,016,728辆。2022年全球汽车产量较2021年成长率为6%。因此,蓬勃发展的汽车工业正在推动对聚氨酯、环氧树脂等热固性塑胶的需求,以确保优异的耐热性。这正在推动全球市场的成长。
政府对基础设施开发项目的投资增加以及对更多商业空间的需求增加是推动全球建筑活动成长的一些突出方面。
例如,根据建筑产品协会最近发布的报告,2022年全球建筑活动较2021年成长2.0%。因此,建筑活动的增加刺激了对热固性塑胶的需求,以确保良好的防潮性,加速了全球市场的成长。
热固性塑胶产品系列的领先公司利用其技术潜力开发热固性塑料,其应用可确保建筑、石油和天然气等不同最终用途行业产品的卓越耐用性。我们正在开发一个新的产品组。因此,新的技术创新正在推动具有先进功能的热固性塑胶新产品系列的推出,并加速市场收入的成长。
例如,2023年8月,G6 Materials Corp.推出了名为G6-EPOXY的新系列导热环氧树脂产品。此新产品系列具有优异的绝缘性能。因此,热固性塑胶製造的进步确保了卓越的塑胶功能,推动了整体市场的成长。
在电气和电子行业中,使用热固性塑胶对于确保卓越的耐热性至关重要,这通常会提高电子产品的耐用性。有利的监管框架和对新电子製造工厂的投资增加正在加速电气和电子行业的成长。
例如,根据JEITA的数据,2021年全球电气电子设备产值为311.15亿美元。2022年为2614,331万美元,成长1%。未来,全球电气电子产业将迎来高速成长。因此,对更耐用材料(包括热固性塑胶)的需求不断增加,以确保卓越的电子功能,从而推动市场成长。
本报告研究和分析了全球热固性塑胶市场,提供市场规模和预测、市场动态以及主要参与者的现状和前景。
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.