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Thermoset Resin Market Size Forecast to Reach $38 Billion by 2025 The Increasing Automation Production Will Require More Thermoset Resin Which Will act as a Driver for the Thermoset Resin Market.
Thermoset Resin Market
BriefingWire.com, 12/21/2020 - Thermoset Resin Market size is forecast to reach $38 billion by 2025, after growing at a CAGR of 4.6% during 2020-2025. The thermoset resins are being widely used in various end-use applications due to its extensive set of properties such as high-heat resistance, dimensional stability, electrical insulation capability, and more. Also, it delivers superior performance as compared to other substitute products such as metals and thermoplastics. Thermoset resins are generally stronger than thermoplastics due to the polymer cross-linking and they are better suited for high-temperature applications. Moreover, factors such as the need for weight reduction in aerospace & transportation and rise in demand for the