Title: Thermosets market
1Thermosets MarketMarket size, Industry outlook,
Market Forecast, Demand Analysis, Market Share,
Market Report 2021-2026
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- Thermosets Market size is forecast to reach 42.5
billion by 2026, after growing at a CAGR of
4.6 during 2021-2026. The thermoset's properties
include excellent strength, light weight, low
specific gravity, excellent elasticity modulus,
and high resistance to corrosion, and among
others. Thermoset's superior properties have led
to their growing applicability across a range of
end-use sectors, including wind power,
automobile, aerospace, building infrastructure.
Thermoset resins are very versatile materials,
due to this they are used for building blocks.
Also, diamines are the most common epoxy curing
agent which is used in building block. Diamine
along with epoxy resin to make harden the
thermoset through crosslinking, hence it is also
called hardeners.
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- Key Takeaways
- Thermoset materials are commonly adopted in
various end use industries such as automotive
with demand for lightweight materials, aerospace,
and military industries, due to dimensional
control, as well as resistance to high
temperatures and corrosive elements and improved
strength-to-weight ratio. - According to the India Brand Equity Foundation
(IBEF), The MRO (maintenance, repair and
overhaul) aerospace industry is likely to grow
over US 2.4 billion by 2028 from US 800 million
in 2018. Also, the number of airplanes is
expected to reach 1,100 by 2027.
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By Distribution Channel- Segment Analysis The
epoxy resin segment held the largest share of
more than 30 in the thermoset market in 2020,
because of its superior features, such as
durability, resistance to scratching, resistance
to abrasion, resistance to impact, strong
chemical resistance, and ability to weather. The
major benefit of epoxy is that nearly all
substrates are suitable for bonding. In addition,
epoxy resin is able to have various different
properties as it is combined and cured together
with various curing agents like hardeners and
catalysts. They are also highly resistant to
physical and chemical influences, and also have
elevated long-term stability because they only
have a limited tendency to slip.
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- Thermosets Market Industry Outlook
- 3M,
- DuPont,
- BASF,
- Huntsman,
- Ashland
- Dow Chemicals.
- Lanxess,
- DSM,
- AOC Resins,
- Performance Material Holding
- Sika AG
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Thermosets Market Forecast (2021 - 2026)
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https//www.industryarc.com/Report/16296/thermoset
s-market.html
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- You Can Customize the Report as Per Your Need.
We have included Some Customization Options - Company Profile
- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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