Thermoplastics are plastic materials that melt into soft, pliable forms and harden when they cool. They are used in a wide variety of applications, including clothing, cookware, appliances, and laboratory equipment. They are also easy to recycle and can be reused and reshaped. These polymers are formulated through a number of chemical processes. They include condensation polymerization, addition polymerization, and reversible polymerization. These process generate a large variety of different types of thermoplastics.
Market Dynamics:
The growth of thermosetting plastics is expected to remain strong in the future owing to rising construction activities across the world, increased government investment in infrastructure development, and other economic factors. The market is also expected to gain significant growth in developing countries such as China and India due to their growing population and rapid economic growth. In addition, increasing government initiatives such as Smart Cities Mission and Make in India will further contribute significantly to the market growth during the forecast period.
On the other hand, strict environmental regulations is expected to hamper the market growth.
Key features of the study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook