Recyclable Thermosets Market : Market Research Report : Key Growth Factors and Forecast 2024
The
global market for recyclable thermoset polymers has attracted
considerable attention in the past few years and the field has
significantly advanced toward the development of new classes and
varieties of thermosets with recycling capabilities.
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Report Overview @
Thermosets
refer to the covalently cross-linked polymers that have superior
resistance to a variety of environmental, mechanical, and thermal
factors even at high temperatures and have excellent dimensional
stability compared to conventional thermoplastics, which are also
called thermoset polymers. Thermoset polymers are linear polymers
that can be recycled and reprocessed using thermal energy owing to
their easily accessible melting points.
However,
thermoplastics are not durable enough to be used in high performance
applications, and are replaced by thermosets for applications that
require materials that are indestructible or are virtually impossible
to break down/melt or process using conventional thermoplastic
recycling techniques. Consequently, discarding these thermosets in
landfills than trying to recycle them has been the most preferred
course of action of working around with thermosets. But developments
in the global recyclable thermosets market are projected to bring a
substantial change in this scenario.
The
report on the global recyclable thermosets market presents a detailed
analysis of the most prominent drivers, challenges, and trends
observed in the present-day market. It also provides an overview of
the past and present state of key market elements, and forecasts the
market’s growth prospects from 2016 through 2024.
Global
Recyclable Thermosets Market: Key Trends and Opportunities
There
has been rising awareness regarding environmental protection by
avoiding the accumulation of unrecyclable polymers in landfills and
unregulated places. Tax incentives and regulations have been
introduced to encourage the development of recyclable thermosets. In
response, researchers have designed some novel polymers that do not
only have high performance features in line with conventional
thermosets, but are also recyclable. The favorable research
activities have substantially boosted the global market for
recyclable thermosets.
The
changing regulatory scenario and the rising consumer awareness
regarding the importance of reducing the use of fossil fuels are also
crucial for the market’s growth and will significantly drive the
market over the report’s forecast period.
Some
of the key recyclable thermosets available in the market currently
are polyhexahydrotriazine (PHT), hemiaminal dynamic covalent networks
(HDCNs), polyhexahydrotriazine added with carbon nanotubes,
epoxy/polyepoxide resins, phenol formaldehyde, and unsaturated
polyester resins (UPR).
End
use industries such as aerospace, electronics, and automobiles are
projected to lead to an increased demand for recyclable thermosets to
manufacture a variety of products and product parts.
Global
Recyclable Thermosets Market: Region-wise Outlook
Asia
Pacific is likely to be one of the largest consumers of recyclable
thermosets over the report’s forecast period owing to the rising
production of automobiles in the region. The rising population,
coupled with strengthening economies, and rising disposable incomes
in Asia Pacific have led to significant growth of the automobiles
sector in the past few years, thereby enhancing growth prospects of
several allied industries.
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This
has also benefitted the market for recyclable thermosets in the past
years and is expected to do so over the report’s forecast period.
Demand for recyclable thermosets is also expected to increase in
developed regional markets such as North America and Europe where
stringent government regulations pertaining to material recycling are
stimulating manufacturers to switch to recyclable varieties of core
materials.
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