Thermosetting polymers are a kind of plastic that are widely utilized in the world for a wide range of applications. They can be molded into a wide range of different forms and sizes using a variety of different procedures, such as plastic injection molding. They are typically offered in a wide range of colors, finishes, and textures. The thermosetting market is expanding as a result of increased building activity in the Asia-Pacific region and rising demand for polyurethane from the automotive industry.
The global Thermosetting Plastics Market size was valued at US$ 127,332.15 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 4.72% from 2023 to 2030.
Major Players in the Thermosetting Plastics Industry:
1. BASF SE
BASF SE was founded in 1865 and it’s headquarter in Ludwigshafen, Germany. The Company operates in 91 countries. BASF revolutionizes power electronics market in Asia with launch of optimized Red Phosphorus offering.
2. Covestro AG
Covestro AG was launch in 2015. And its headquarter Leverkusen, Germany. It operate over 70 country. Covestro has developed a proof-of-concept heat-resistant coating for use on mono-PE stand-up pouches made with SABIC® BOPE polymer.
3. Daicel Corporation
Daicel Corporation, was launch in 1919 and it’s headquarter located in Osaka, Osaka, Japan.it operate over 7 country. In 2020 Daicel Corporation. Notice Regarding Additional Acquisition of Shares of Polyplastics Co., Ltd.
4. Eastman Chemical Company
Eastman Chemical Company was launch in 1920 and it’s headquarter located in Kingsport, Tennessee, United States. It operate over 16 country. In 2017 Eastman Chemical Co. chose Chinaplas as the global launch site for its new Treva bioplastic material
5. LG Chem
LG Chem. Founded in 1947, its headquarters located in El Segundo, California, United States. The company has eight factories in South Korea and a network of 29 business locations in 15 countries. LG Chem and COSMAX signed an MOU for the development and marketing of cosmetic containers based on eco-friendly materials
6. Mitsubishi Engineering-Plastics Corporation
Mitsubishi Engineering-Plastics Corporation was launch 1994 and its headquarter Tokyo, Japan . It operate over 15 country. Mitsubishi Gas Chemical Company, Inc. (MGC) hereby announces that its Board of Directors passed a resolution at.
7. Showa Denko KK
Showa Denko KK Founded in 1939. Its headhunters Tokyo, Japan.With businesses in over 40countries. 2018 In June 2019 Showa Denko Materials acquired Isolite in 2017 and has been developing thermal insulation products to respond to market demands for low fuel consumption.
Definition: - Thermosetting plastics are a type of plastic that is very commonly used throughout the world for a variety of different purposes. They are generally available in a wide range of colours, finishes and textures and can be molded into a variety of different shapes and sizes through various processes such as plastic injection molding.
