Frost & Sullivan Research Service   Published: 2 Dec 2005
U.S. Reinforced Thermoset Markets
  SERVICE HOMEPAGE
RESEARCH OVERVIEW BENEFITS OF THIS SERVICE MARKET SECTORS
TECHNOLOGIES LIST OF FIGURES WHAT'S INCLUDED
TABLE OF CONTENTS ORDERING INFORMATION FURTHER INFORMATION
   Research Overview
 

Intensive Consolidation in the Reinforced Thermoset Markets to Slash Production Costs

The frantic pace of merger and acquisition activities in the reinforced thermoset markets has left some segments such as phenolics with only two or three major participants. With their profit margins narrowing, the smaller participants are immensely challenged to stay afloat. While these companies may be nudged out of the market, the mergers and acquisitions augur well for the larger participants that are likely to obtain high market shares and excellent economies of scale. Such intensive consolidation enhances the bargaining power of suppliers, thereby helping restore margins in the markets. It also helps reduce operating costs and avoid supply disruptions, which, in turn, is expected to enable suppliers to dedicate more resources to R&D.

This Frost & Sullivan research service examines the U.S. reinforced thermoset markets and segments them into unsaturated polyester, epoxies, and phenolics. The study also discusses the prevailing industry challenges and provides strategic recommendations to overcome them. The insights enable companies to align their positioning strategies to benefit from the changing market conditions.

Developing New Applications and Substituting Traditional Materials Provide a Huge Boost to the Markets

Reinforced thermosets such as unsaturated polyester and epoxies are riding a popularity wave with their superior strength and better heat/corrosion resistance. They are steadily replacing traditional materials such as wood, steel, and other metals in major industries such as building and construction, automotive, electrical, and marine applications. This demand to substitute traditional materials with reinforced thermosets supplements the need for these emerging materials in new and different end applications, thus significantly augmenting market growth.

The current demand is for custom-made reinforced thermosets, depending on the external factors affecting each application. "Due to their specialized features and properties, they are now being used in sanitary ware, wind energy, and other domestic industries that were using traditional materials due to their cost advantage," says the analyst of this study. "The concept of better suited, long-lasting materials has been given priority over cost even in niche markets."

Emerging Materials Show Potential for Growth in More Applications

Reinforced thermosets is elbowing out traditional materials from many end-user markets due to their many advantages of high strength, light weight, flexibility in design, parts consolidation, high dielectric strength, dimensional stability, corrosion resistance, and low tooling costs. For instance, in the transportation industry, composite structural components’ tremendous strength-to-weight properties and impressive design flexibility have given them an edge over traditional materials.

Aerospace companies and high-performance sporting goods use premium composite materials including carbon fibers and epoxies for their robustness and light weight. "Additionally, due to their electrical insulating properties, composites are widely used in appliances, tools, and other machinery," notes the analyst. "Corrosion-resistant composite tanks and pipes offer extended service life over metals, further encouraging the uptake of reinforced thermosets."

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To maximize the potential for growth within a firm’s internal and external environment, Frost & Sullivan consultants can facilitate the creation of strategic programs that deliver improved market success. Frost & Sullivan’s strengths lie in combining strategic understanding with market expertise and applying these with absolute commitment to its clients’ growth.

   Benefits of this Service
 

Generic Analysis of End Applications that Demand Reinforced Thermosets

The study provides an overview of each segment of the end application industries demanding the different reinforced thermosets, thus identifying the target customers for reinforced thermoset manufacturers as well as the industries that could be potential customers for them.

In-depth Analyses of Challenges Faced and Strategic Recommendations

This research service provides in-depth analysis of all the challenges faced by the reinforced thermosets market. Reasons for the challenge and strategic recommendations for the same are also discussed.

Discussion of Product and Pricing Trends Provides Knowledge for Future Growth

Pricing and product trends provide invaluable insights into the dynamics of price and the nature of products in different segments of the market. This analysis enhances the knowledge of customers for future strategic decisions.

Comprehensive Information on Revenues and Market Forecasts for Each Segment

Analysis of revenue forecasts identifies the best areas to compete in and pinpoints future growth perspectives.

Competitive Analysis and Company Profiles of Key Industry Participants

The study provides competitive analysis of all the segments of the market, including company profiles of key participants in each segment. This information is useful to understand the participants in the market for potential entrants and also to obtain a generic view of competition by market participants.

   Market Sectors
 

Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:

  • Reinforced unsaturated polyester
  • Reinforced epoxies
  • Reinforced phenolics
   Technologies
 

The following technology is covered in this research:

  • Reinforced Thermosets: Also known as composites, these are a combination of a plastic resin matrix and a reinforcing agent. Glass fiber is the most commonly used reinforcing material, although other fibers such as aramid and carbon fibers are also used in high-performance applications. Other less commonly used fibers include boron fibers and natural fibers such as jute and cotton. The thermoset resins used are unsaturated polyester, epoxies, phenolics, amino resin urea-formaldehyde and melamine-formaldehyde, as well as polyurethane.
   What's Included
 
  • Total reinforced thermoset markets – drivers, restraints, and trends
  • Overall industry challenges and strategic recommendations
  • Market and segment-wise drivers and restraints
  • End application analysis for each segment
  • Price and product trends in the reinforced thermoset markets
  • Competitive structure and market ranking in each segment
  Table Of Contents

1. Executive Summary
        1. Introduction to the U.S. Reinforced Thermoset Markets
                1. Market Introduction
                2. Competitive Analysis
        2. Summary of Findings
                1. Competitive Structure
                2. Conclusion

2. Market Definitions and Industry Challenges
        1. Market Definitions
                1. Industry Terminology
        2. Industry Challenges
                1. Identification of Challenges Facing the Reinforced Thermosets Market

3. Total U.S. Reinforced Thermoset Markets
        1. Introduction to the Market
                1. Market Overview
                2. Market Engineering Measurements
        2. Total Market Analysis
                1. Market Drivers
                a. Substitution over Traditional Materials Drives the Reinforced Thermoset Market
                b. Technical Superiority of Materials Boosts the Growth of Thermoset Market
                c. Consolidation among suppliers Enhances the Reinforced Thermoset Market
                d. Boost of Economy Aids the Growth of Thermoset Market
                2. Market Restraints
                a. Hike in Oil Prices Restrain Growth of the Reinforced Thermoset Market
                b. Rising Raw Material Cost Affects the Reinforced Thermoset Market
                c. Generic Inflation of the economy Threatens the Thermoset Market
                d. Offshore Low Cost Alternatives Negatively Impacts the Thermoset Market
                3. Competitive Structure
        3. Market Trends
                1. Pricing Trends
                2. Trends by Product Type
        4. Market Engineering Strategies
                1. Strategic Recommendations
        5. Frost & Sullivan Awards
                1. Customer Service Leadership Award
                2. Growth Strategy Leadership Award
                3. Product Line Strategy Leadership Award

4. U.S. Reinforced Unsaturated Polyester Market
        1. Total Market Forecast
                1. Market Overview and Definitions
                2. Market Engineering Measurements
                3. Market Drivers and Restraints
                4. Market Forecasts
                5. Competitive Structure
                6. Company Profiles and Competitive Ranking
        2. Building and Construction Market
                1. Market Overview
        3. Marine Applications Market
                1. Market Overview
        4. Transport Applications Market
                1. Market Overview

5. U.S. Reinforced Phenolics Market
        1. Total Market Analysis
                1. Market Overview and Definition
                2. Market Engineering Measurements
                3. Market Drivers and Restraints
                4. Competitive Structure
                5. Company Profiles and Competitive Ranking
        2. Transport Applications Market
                1. Market Overview
        3. Electrical Applications Market
                1. Market Overview
        4. Domestic Applications Market
                1. Market Overview

6. U.S. Reinforced Epoxies Market
        1. Total Market Analysis
                1. Market Overview and Definition
                2. Market Engineering Measurements
                3. Market Drivers and Restraints
                4. Competitive Structure
                5. Company Profiles and Competitive Ranking
        2. Aerospace Applications Market
                1. Market Overview
        3. Electronic Applications Market
                1. Market Overview
        4. Wind Energy Market
                1. Market Overview
        5. Consumer and Marine Applications Market
                1. Market Overview

7. U.S. Other Reinforced Thermoset Markets
        1. Total Market Analysis
                1. Market Overview and Definition
                2. Technological Trends
                3. Demand Analysis
                4. Competitive Structure

8. Decision Support Database
        1. Databases
                1. U.S. Business Jet Aircraft Production
                2. U.S. Gasoline Prices
                3. U.S. Heavy Truck Production
                4. U.S. Passenger Car Production
                5. U.S. Real GDP Growth Forecasts



   List of Figures
 
  • Total Reinforced Thermoset Market: Market Challenges Ranked in Order of Impact (U.S.), 2006-2012
  • Total Reinforced Thermoset Market: Market Drivers Ranked in Order of Impact (U.S.), 2006-2012
  • Total Reinforced Thermoset Market: Market Restraints Ranked in Order of Impact (U.S.), 20056-2012
  • Reinforced Thermoset Market: Competitive Structure (U.S.), 2005
  • Reinforced Unsaturated Polyester Market: Market Drivers Ranked in Order of Impact (U.S.), 2006-2012
  • Reinforced Unsaturated Polyester Market: Market Restraints Ranked in Order of Impact (U.S.), 2005-2011
  • Reinforced Unsaturated Polyester Market: Revenue Forecasts (U.S.), 2002-2012
  • Reinforced Unsaturated Polyester Market: Competitive Structure (U.S.), 2004
  • Reinforced Unsaturated Polyester Market: Rank of Key Industry Participants by (U.S.), 2005
  • Reinforced Phenolics Market: Market Drivers Ranked in Order of Impact (U.S.), 2006-2012
  • Reinforced Phenolics Market: Market Restraints Ranked in Order of Impact (U.S.), 2006-2012
  • Reinforced Phenolics Market: Competitive Structure (U.S.), 2005
  • Reinforced Phenolics Market: Rank of Key Industry Participants (U.S.), 2005
  • Reinforced Epoxies Market: Market Drivers Ranked in Order of Impact (U.S.), 2006-2012
  • Reinforced Epoxies Market: Market Restraints Ranked in Order of Impact (U.S.), 2006-2012
  • Reinforced Epoxies Market: Competitive Structure (U.S.), 2005
  • Reinforced Epoxies Market: Rank of Key Industry Participants (U.S.), 2005
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