Top Thermosetting Plastics Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Thermosetting Plastics Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Thermosetting Plastics industry players.

Thermosetting Plastics Market Competitive Landscape

The global thermosetting plastics market competitive landscape is led by such major players as BASF SE, DuPont, Huntsman Corporation, and SABIC. They all concentrate on innovation, sustainability, and strategic collaborations. BASF, for instance, prioritizes sustainable solutions and product diversification. DuPont invests in R&D to develop high-performance materials, whereas Huntsman seeks growth through acquisition and increasing the production capacity, enhancing its share in the automotive and aerospace industries.

Top Player’s Company Profiles

  • LANXESS AG (Germany) 
  • DAICEL Corporation (Japan) 
  • BASF SE (Germany) 
  • Alchemie Ltd (U.K.) 
  • Asahi Kasei Corporation (Japan) 
  • BUFA GmbH & Co. KG (Germany) 
  • DSM (Netherlands) 
  • Eastman Chemical Company (U.S.) 
  • Kanoria Chembond Pvt. Ltd. (India) 
  • LG Chem (South Korea) 
  • Mitsubishi Engineering-Plastics Corporation (Japan) 
  • NIHON GOSEI KAKO Co., Ltd. (Japan) 
  • Polynt S.p.A. (Italy) 
  • Resonac Holdings Corporation (Japan) 
  • Sumitomo Bakelite Co., Ltd. (Japan) 
  • U-PICA Company Ltd. (Japan) 
  • Westlake Corporation (U.S.)

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Global Thermosetting Plastics Market size was valued at USD 14.87 Billion in 2023 poised to grow from USD 15.38 Billion in 2024 to USD 20.10 Billion by 2032, growing at a CAGR of 3.4% in the forecast period (2025-2032).

The global thermosetting plastics market competitive landscape is led by such major players as BASF SE, DuPont, Huntsman Corporation, and SABIC. They all concentrate on innovation, sustainability, and strategic collaborations. BASF, for instance, prioritizes sustainable solutions and product diversification. DuPont invests in R&D to develop high-performance materials, whereas Huntsman seeks growth through acquisition and increasing the production capacity, enhancing its share in the automotive and aerospace industries. 'BASF SE (Germany)', 'DuPont (USA)', 'Huntsman Corporation (USA)', 'SABIC (Saudi Arabia)', 'Lonza Group (Switzerland)', 'Covestro (Germany)', 'DSM (Netherlands)', 'Mitsubishi Chemical Corporation (Japan)', 'Sumitomo Bakelite Co., Ltd. (Japan)', 'Arkema (France)', 'Plaskolite, Inc. (USA)', 'Kraton Polymers (USA)', 'Royal DSM (Netherlands)', 'Hexion Inc. (USA)', 'Momentive Performance Materials (USA)'

The motor vehicle sector is one of the major drivers of the global thermosetting plastics market growth. Rising demand for fuel-efficient, light, and strong vehicles has resulted in the use of thermosetting plastics for components such as bumpers, body panels, and interior. Thermosetting plastics improve the performance of the vehicle, save weight, and increase fuel efficiency.

Rising Demand for Sustainable Thermosetting Plastics: Sustainability is emerging as a major driver in the global thermosetting plastics market trends. Firms are turning towards bio-based and recyclable materials to minimize environmental footprint. Sectors like automotive and construction are increasingly embracing these green solutions, in line with worldwide initiatives to minimize carbon footprints and ensure sustainable manufacturing practices.

Why is Asia Pacific Considered a Critical Hub for Innovation and Production in the Market?

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Global Thermosetting Plastics Market
Thermosetting Plastics Market

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