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Thermoset Market Share

Report ID: GMI5302
Published Date: Aug 2022
Report Format: PDF

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Thermoset Market Share

Evonik Industries AG
Akzo Nobel N.V.
DuPont de Nemours, Inc.
Henkel AG & Co. KGaA
Hexcel Corporation
Covestro AG

are some of the key players in the global thermoset market for e-mobility. Firms are mainly focused on merger and acquisition strategies to design sustainable thermoset materials for varied applications. For instance, in September 2020, Covestro AG announced the acquisition of the Resins & Functional Materials Business from Royal DSM. This takeover is aligned with the company’s long-term corporate strategy to strengthen sustainable and innovation-driven businesses.

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

The global thermoset market size for e-mobility reached more than USD 213,500 thousand in 2021 and is poised to expand at a CAGR of 20% between 2022 and 2030, driven by escalating electric vehicle production.

The thermoset industry for e-mobility from the polyurethane resin segment will be valued over USD 542,000 thousand by 2030, given positive material attributes such as high tensile strength and flexibility.

The thermoset market for e-mobility from the composite battery housing segment will exhibit a CAGR of more than 20% through 2030, given the high investment in EV battery production facilities.

The Asia Pacific thermoset industry for e-mobility will register a revenue of more than USD 620,000 thousand by 2030, due to the burgeoning local production of electric vehicles.

Some key players partaking in the thermoset industry share for e-mobility include Evonik Industries AG, Akzo Nobel N.V., DuPont de Nemours, Inc., Henkel AG & Co. KGaA, Hexcel Corporation, and Covestro AG.