Global Recyclable Thermoset Market Size is valued at USD 625.85 Million in 2024 and is predicted to reach USD 1285.03 Million by the year 2034 at a 7.5% CAGR during the forecast period for 2025-2034.
Thermoset is the matrix system for creating composite parts that are most extensively used. Due to its superior strength and interlaminar qualities, the matrix system has effectively been penetrating most end-use sectors. The three matrices that are most frequently used worldwide are phenolic, epoxy, and unsaturated polyester.
Polyurethane, vinyl esters, BMI, cyanate esters, and silicones are further important thermosets. But because of the numerous cross-links in its structure, one of the main limitations of thermoset resin is that it cannot be recycled. The primary sources of waste produced by thermoset composites are the end-of-life of composite parts and the scrap gathered during the creation of composite parts.
One of the two major groups of plastics, thermosets, can either be production waste or end-of-life garbage. Thermosets have a reputation for being hard after curing and non-recyclable. To promote the growth of recyclable thermosets, strict rules and financial incentives have been put in place.
Strong plastics are becoming easier to recycle owing to increased research. For instance, MIT researchers have discovered a way to change thermoset plastics such that they can be easily broken down while retaining their mechanical strength. The Recyclable Thermoset market demand will grow as a result of a greater emphasis on environmentally friendly and sustainable materials.
The global recyclable thermoset market is segmented into technology, resin type and end user industry. On the basis of technology, the market is bifurcated into mechanical recycling, feedstock recycling, and energy recovery. On the basis of resin type, the market is further divided into unsaturated polyester (UPR), epoxy phenol-formaldehyde (phenolic), polyurethane, and others. By end-user industry, the market is divided into construction, automotive, power generation, electrical & electronics, and others.
The recyclable thermoset market is divided into three categories based on technology: mechanical recycling, feedstock technology, and energy recovery. Because Asia-Pacific is the world's largest market for thermoset composites, mechanical recycling currently dominates the market. In a manual procedure known as mechanical recycling, thermoset-made pieces are punctured into tiny particles that are then used as filler or reinforcement. Due to the availability of cheap labor and the relative laxness of disposal rules in China and India, recycling is a highly favored technique despite its high labor intensity. The procedure creates fillers of generally poor quality that cannot be used in high-performance applications and that are also slightly more expensive than fillers like clay.
Epoxy resin is projected to experience the fastest market growth throughout the aforementioned timeframe because of rising demand from the transportation, aerospace & defense, and electrical & electronics sectors. In comparison to UPR, epoxy resin has greater mechanical and interlaminar qualities but is more expensive.
The Asia-Pacific held the largest share in the market and is expected to maintain its dominance of the recyclable thermoset market due to the increasing adoption of mechanical recycling technology, which is further supported by reasonably priced labour and comparably lenient waste usage regulations. Asia-Pacific is also the greatest producer and consumer of composite materials due to the presence of assembly/manufacturing facilities for particularly cost-sensitive industries including electrical & electronics, wind energy, transportation, and building & construction. Besides, the market for recyclable thermosets in the European region is anticipated to dominate the market over the forecast period. In the upcoming years, the demand for thermoset recycling in the area is projected to be driven by the aerospace & defense, and transportation sectors. Technological development, growing environmental consciousness, financial incentives, and laws have made Europe the global leader in a recyclable thermoset industry.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 625.85 Million |
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Revenue Forecast in 2034 |
USD 1285.03 Million |
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Growth rate CAGR |
CAGR of 7.5% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Million Volume (KT), and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Technology, Resin Type And End User Industry |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South Korea; Southeast Asia; |
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Competitive Landscape |
Adesso Advanced Materials Inc., Aditya Birla Chemicals, Connora Technologies, Demacq Recycling Composiet, ECO-Wolf Inc., Fraunhofer Institute for Applied Polymer Research, GAIKER-IK4, INTCO Recycling, Mallinda, LLC, MCR Mixt Composites Recyclables, Mobius Technologies GmbH, neocomp GmbH, Northstar Recycling,The Dow Chemical Company, BASF SE, ENSO Plastics, PolyCeramX, EcoActiv Pty Ltd, Spero Renewables, Gr3n Recycling, and Syngas Products Group Limited, among others. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Recyclable Thermoset Market Snapshot
Chapter 4. Global Recyclable Thermoset Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Technology Estimates & Trend Analysis
5.1. by Technology & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn)) & Volume (KT) Forecasts and Trend Analyses, 2021to 2034 for the following by Technology:
5.2.1. Mechanical Recycling
5.2.2. Feedstock Recycling
5.2.3. Energy Recovery
Chapter 6. Market Segmentation 2: by Resin Type Estimates & Trend Analysis
6.1. by Resin Type & Market Share, 2024 & 2034
6.2. Market Size Value (US$ Mn) & Volume (KT) Forecasts and Trend Analyses, 2021 to 2034 for the following by Resin Type:
6.2.1. Unsaturated Polyester (UPR)
6.2.2. Epoxy
6.2.3. Phenol-Formaldehyde (Phenolic)
6.2.4. Polyurethane
6.2.5. Others
Chapter 7. Market Segmentation 3: by End-user Estimates & Trend Analysis
7.1. by End-user & Market Share, 2024 & 2034
7.2. Market Size Value (US$ Mn) & Volume (KT) Forecasts and Trend Analyses, 2021 to 2034 for the following by End-user:
7.2.1. Construction
7.2.2. Automotive
7.2.3. Power Generation
7.2.4. Electrical & Electronics
7.2.5. Others
Chapter 8. Recyclable Thermoset Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Recyclable Thermoset Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Technology, 2021-2034
8.1.2. North America Recyclable Thermoset Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Resin Type, 2021-2034
8.1.3. North America Recyclable Thermoset Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by End-user, 2021-2034
8.1.4. North America Recyclable Thermoset Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2021-2034
8.2. Europe
8.2.1. Europe Recyclable Thermoset Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Technology, 2021-2034
8.2.2. Europe Recyclable Thermoset Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Resin Type, 2021-2034
8.2.3. Europe Recyclable Thermoset Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by End-user, 2021-2034
8.2.4. Europe Recyclable Thermoset Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2021-2034
8.3. Asia Pacific
8.3.1. Asia Pacific Recyclable Thermoset Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Technology, 2021-2034
8.3.2. Asia Pacific Recyclable Thermoset Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Resin Type, 2021-2034
8.3.3. Asia-Pacific Recyclable Thermoset Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by End-user, 2021-2034
8.3.4. Asia Pacific Recyclable Thermoset Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2021-2034
8.4. Latin America
8.4.1. Latin America Recyclable Thermoset Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Technology, 2021-2034
8.4.2. Latin America Recyclable Thermoset Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Resin Type, 2021-2034
8.4.3. Latin America Recyclable Thermoset Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by End-user, 2021-2034
8.4.4. Latin America Recyclable Thermoset Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2021-2034
8.5. Middle East & Africa
8.5.1. Middle East & Africa Recyclable Thermoset Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Technology, 2021-2034
8.5.2. Middle East & Africa Recyclable Thermoset Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by Resin Type, 2021-2034
8.5.3. Middle East & Africa Recyclable Thermoset Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by End-user, 2021-2034
8.5.4. Middle East & Africa Recyclable Thermoset Market Revenue (US$ Million) & Volume (KT) Estimates and Forecasts by country, 2021-2034
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Adesso Advanced Materials Inc.
9.2.2. Aditya Birla Chemicals
9.2.3. Connora Technologies
9.2.4. Demacq Recycling Composiet
9.2.5. ECO-Wolf Inc.,
9.2.6. Fraunhofer Institute for Applied Polymer Research
9.2.7. GAIKER-IK4
9.2.8. Gr3n Recycling
9.2.9. INTCO Recycling
9.2.10. Mallinda, LLC
9.2.11. MCR Mixt Composites Recyclables
9.2.12. Mobius Technologies GmbH
9.2.13. neocomp GmbH
9.2.14. Northstar Recycling
9.2.15. The Dow Chemical Company
9.2.16. BASF SE
9.2.17. ENSO Plastics
9.2.18. PolyCeramX
9.2.19. EcoActiv Pty Ltd
9.2.20. Spero Renewables
9.2.22. Syngas Products Group Limited
9.2.23. Other Prominent Players
Global Recyclable Thermoset Market By Technology-
Global Recyclable Thermoset Market By Resin Type-
Global Recyclable Thermoset Market By End User Type-
Global Recyclable Thermoset Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
