Africa Thermosetting and Thermoplastics Market - Segmented by Thermoplastic Resins, Thermosetting Resin, End-User Industry, and Geography – Growth, Trends, and Forecasts (2017 - 2022)
The African thermosetting and thermoplastics market is expected to value USD 581.28 million in 2017 and register a CAGR of 5.67% during 2017-2022 (the forecast period).
One of the major drivers of the African market identified in this report is the increasing shipbuilding activities in South Africa. Being a coastal area, South Africa is anticipated to witness a growing demand for African thermosetting and thermoplastics for various applications, including paints & coatings, equipment etc. Additionally, the market demand is likely to be propelled by the increasing electronic applications in most of the countries in the region. Factors, such as unemployment, high electricity rates and political factors are the factors hindering the market growth, during 2017-2022 (the forecast period).
The market has been segmented into resin type (thermoplastic, and thermosetting), and end-user industry. Based on resin type, thermoplastic resins sub-segment is dominating the market with a share of 91.26% in 2017. Further, the polyethylene terephthalate (PET) is dominating the thermoplastic resin market and expected to continue its dominance, during 2017-2022 (the forecast period). Based on end-user industry, the packaging sector dominated the market, owing to the growing demand from the food & beverage industry, and is anticipated to register the largest and fastest CAGR of 6.05%, during 2017-2022 (the forecast period). Opportunities and Major Players
The growing construction industry in Africa is expected to offer numerous opportunities to the Africa thermosetting and thermoplastics market.
Major companies and vendors in the market include
Scott Bader Company Ltd.
Key Deliverables in the Study
Market analysis, with region-specific assessments and competition analysis on Africa and regional scale
Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities
Extensively researched competitive landscape section with profiles of major companies, along with their market share
Identification and analysis of the macro and micro factors that affect the Africa thermosetting and thermoplastics market on, both, Africa and regional scale
A comprehensive list of key market players, along with the analysis of their current strategic interests and key financial information
Insights on the major countries/regions where the industry is growing and identify the regions that are still untapped