Lucintel Forecasts the Global Thermoset Resin in Adhesive Market to Reach $4 Billion by 2030
Lucintel Forecasts the Global Thermoset Resin in Adhesive Market to Reach $4 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global thermoset resin in adhesive market looks promising with opportunities in the automotive, construction, aerospace and defense, and wind energy market. The global thermoset resin in adhesive market is expected to reach an estimated $4 billion by 2030 from $3 billion in 2023 at a CAGR of 3% from 2023 to 2030. The major drivers for this market are high-performance materials, technological advancements in adhesive formulations, and growth in end-user industries.
Browse 140 figures/charts and 97 tables in this 205-page report to understand trends, opportunity and forecast in global thermoset resin in adhesive market to 2030 by chemical type (epoxy, polyurethane, and others), application (automotive, construction, aerospace and defense, wind energy, and others), and region (North America, Europe, Asia Pacific and Rest of the World).
Lucintel forecasts that in this market, epoxy resin adhesives will remain the largest end use supported by growing automotive production and increasing focus on lightweight materials.
Automotive will remain the largest segment over the forecast period supported by its high performance characteristics and it is also expected to witness the highest growth over the forecast period.
Asia Pacific is expected to remain the largest market by value and volume. ROW is expected to witness the highest growth over the forecast period because of growing demand from automotive and other end uses.
Dow, BASF, Huntsman, Momentive, Bayer, Polynt, AOC, Olin Epoxy are the major suppliers in the thermoset resin in adhesive market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056