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.
| Report Attribute | Specifications |
| Market size value in 2024 | USD 625.85 Million |
| Revenue Forecast in 2034 | USD 1285.03 Million |
| Growth rate CAGR | CAGR of 7.5% from 2025 to 2034 |
| Quantitative units | Representation of revenue in US$ Million Volume (KT), and CAGR from 2025 to 2034 |
| Historic Year | 2021 to 2024 |
| Forecast Year | 2025-2034 |
| Report coverage | The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
| Segments covered | Technology, Resin Type And End User Industry |
| Regional scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South Korea; Southeast Asia; |
| 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. |
| Customization scope | Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing and available payment methods | Explore pricing alternatives that are customized to your particular study requirements. |
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-
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Latin America-
Middle East & Africa-
This study employed a multi-step, mixed-method research approach that integrates:
This approach ensures a balanced and validated understanding of both macro- and micro-level market factors influencing the market.
Secondary research for this study involved the collection, review, and analysis of publicly available and paid data sources to build the initial fact base, understand historical market behaviour, identify data gaps, and refine the hypotheses for primary research.
Secondary data for the market study was gathered from multiple credible sources, including:
These sources were used to compile historical data, market volumes/prices, industry trends, technological developments, and competitive insights.
Primary research was conducted to validate secondary data, understand real-time market dynamics, capture price points and adoption trends, and verify the assumptions used in the market modelling.
Primary interviews for this study involved:
Interviews were conducted via:
Primary insights were incorporated into demand modelling, pricing analysis, technology evaluation, and market share estimation.
All collected data were processed and normalized to ensure consistency and comparability across regions and time frames.
The data validation process included:
This ensured that the dataset used for modelling was clean, robust, and reliable.
The bottom-up approach involved aggregating segment-level data, such as:
This method was primarily used when detailed micro-level market data were available.
The top-down approach used macro-level indicators:
This approach was used for segments where granular data were limited or inconsistent.
To ensure accuracy, a triangulated hybrid model was used. This included:
This multi-angle validation yielded the final market size.
Market forecasts were developed using a combination of time-series modelling, adoption curve analysis, and driver-based forecasting tools.
Given inherent uncertainties, three scenarios were constructed:
Sensitivity testing was conducted on key variables, including pricing, demand elasticity, and regional adoption.