JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 19
thermoset resin - Part A BUSlNESS
Continued growth for thermosets
Some thermoplastic producers are predicting the death of thermosets,
but the figures say otherwise. While it is true that the estimated growth
rates for thermosets are lower than those for thermoplastics, they are
nevertheless positive - and there are certainly more investments and
consolidations to come.
A
According to market
research firm MarketsandMarkets, the market for thermoset-resin-based
composites was assessed at
US $41.98 billion in 2016 and
should grow to US$ 57.98 billion by 2021 at a compound
annual growth rate (CAGR) of
6.67% over that period, benefiting from the increase in demand from the transportation,
wind energy, construction,
and infrastructure sectors.
The Asia-Pacific Rim region is
the fastest-growing market for
thermosets, as well as for composites overall.
Although thermoset resins
are still ahead in the composite market and in growth, their
share is falling as the share of
thermoplastic resins rises (CF.
Figure 1). In 2012, thermoset resins accounted for 65%
of composite resins in terms
of volume, but fell to 62% in
2015. As composites continue to penetrate the automotive
market, this trend should be
further borne out.
Unsaturated
polyester resins
Polyester resins account for
the largest volume of thermoset resins. According to
Grand View Research, the
total volume of unsaturated polyester resins (UPR)
should reach 7000 kilotons metric in 2020 (see
Figure 2), with orthophthalic resins in the lead, followed
by isophthalic resins. Note
that (broadly speaking) orthophthalic resins offer good
mechanical
performance,
at low cost. By comparison,
isophthalic resins are more
resistant to chemicals, heat
and humidity. These are heavily used in the boating sector.
Vinylester and dicyclopentadiene (DCPD) resins, sometimes mixed with ortho and
iso resins, further improve the
properties, in particular for
shrinkage. Vinylester resins
generally provide the highest
quality, with excellent chemical resistance - which is why
their use is of particular interest in the pipes & tanks segment. Here, prices rise as the
properties improve.
Also according to Grand
View Research, the construc-
tion and infrastructure sector
is driving consumption in the
Asia-Pacific Rim region and
Latin America.
The volatility
of styrene prices
The price of raw materials obviously has a strong impact
on the final price of composites and how competitive they
are with other materials. The
price of styrene recently shot
up, with an impact on UPR
manufacturers /users - even
if these do try to minimize the
styrene content in their formulations, in response to in-
Fig 1: shares of
thermoset and thermoplastic resins in the total volume
of composites
No113 June 2017 /
jec composites magazine
19
Table of Contents for the Digital Edition of JEC COMPOSITES MAGAZINE - Issue #113 - June 2017
Cover
Edito
Opinion: High temperature composites
Contents
NEWS
In brief
Strategy
Agenda
BUSINESS
Recycling
Second life
Thermoset resin - Part A
MANUFACTURING
Mass production
Design-to-cost
Feature Construction - The future of building
Editorial
JEC Innovation Awards Programme
International JEC Conferences: knowledge and networking
Education
Education
Domes
Sustainable development
Facade
Interior
Safety
Biocomposites
SOLUTIONS
Marine
Automotive
Aircraft
In the world
TECHNOLOGY
Mecanics
Simulation
Technical textile
Repair
Index
Advertisers
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 76
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Cover
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 2
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Edito
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Opinion: High temperature composites
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 5
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Contents
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 7
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - In brief
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 9
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 10
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Strategy
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 12
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 13
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Agenda
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 15
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Recycling
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Second life
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 18
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Thermoset resin - Part A
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 20
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Mass production
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 22
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 23
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Design-to-cost
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 25
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 26
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 27
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Editorial
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - JEC Innovation Awards Programme
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 30
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 31
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - International JEC Conferences: knowledge and networking
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 33
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 34
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 35
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Education
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 37
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Education
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Domes
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 40
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 41
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Sustainable development
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 43
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Facade
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 45
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Interior
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 47
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 48
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Safety
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 50
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Biocomposites
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 52
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Marine
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 54
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Automotive
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Aircraft
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 57
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - In the world
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 59
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Mecanics
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 61
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 62
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Simulation
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 64
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 65
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 66
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Technical textile
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 68
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 69
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Repair
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 71
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 72
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 73
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - Advertisers
JEC COMPOSITES MAGAZINE - Issue #113 - June 2017 - 75
https://www.nxtbook.fr/newpress/jeccomposites/jcm2211_148
https://www.nxtbook.fr/newpress/jeccomposites/jcm2209_147
https://www.nxtbook.fr/newpress/jeccomposites/jcm2206_146
https://www.nxtbook.fr/newpress/jeccomposites/jcm2204_145
https://www.nxtbook.fr/newpress/jeccomposites/jcm2201_144
https://www.nxtbook.fr/newpress/jeccomposites/jcm211_143
https://www.nxtbook.fr/newpress/jeccomposites/jcm2109_142
https://www.nxtbook.fr/newpress/jeccomposites/jcm2107_141
https://www.nxtbook.fr/newpress/jeccomposites/jcm2105_140
https://www.nxtbook.fr/newpress/jeccomposites/jcm2103_139
https://www.nxtbook.fr/newpress/jeccomposites/jcm-experts-digest-additive-manufacturing-2020
https://www.nxtbook.fr/newpress/jeccomposites/jcm2101_138
https://www.nxtbook.fr/newpress/jeccomposites/jcm2011_Special_Issue4
https://www.nxtbook.fr/newpress/jeccomposites/jcm2011_137
https://www.nxtbook.fr/newpress/jeccomposites/jcm2009_136
https://www.nxtbook.fr/newpress/jeccomposites/jcm2007_135
https://www.nxtbook.fr/newpress/jeccomposites/jcm_2020_Q1_Innovation_Report
https://www.nxtbook.fr/newpress/jeccomposites/jcm2005_Special_Issue3
https://www.nxtbook.fr/newpress/jeccomposites/jcm2005_134
https://www.nxtbook.fr/newpress/jeccomposites/jcm2003_133
https://www.nxtbook.fr/newpress/jeccomposites/jcm2001_132
https://www.nxtbook.fr/newpress/jeccomposites/jcm1911_Special_Issue2
https://www.nxtbook.fr/newpress/jeccomposites/jcm1911_131
https://www.nxtbook.fr/newpress/jeccomposites/jcm1909_130
https://www.nxtbook.fr/newpress/jeccomposites/jcm1907_129
https://www.nxtbook.fr/newpress/jeccomposites/jcm1905_128
https://www.nxtbook.fr/newpress/jeccomposites/jcm1903_Special_Issue1
https://www.nxtbook.fr/newpress/jeccomposites/jcm1903_127
https://www.nxtbook.fr/newpress/jeccomposites/jcm1901_126
https://www.nxtbook.fr/newpress/jeccomposites/jcm1811_125
https://www.nxtbook.fr/newpress/jeccomposites/jcm1810_124
https://www.nxtbook.fr/newpress/jeccomposites/jcm1808_123
https://www.nxtbook.fr/newpress/jeccomposites/jcm1807_122
https://www.nxtbook.fr/newpress/jeccomposites/jcm1805_121
https://www.nxtbook.fr/newpress/jeccomposites/jcm1804_120
https://www.nxtbook.fr/newpress/jeccomposites/jcm1803_119
https://www.nxtbook.fr/newpress/jeccomposites/jcm1802_119-Supplement_Innovation_Report
https://www.nxtbook.fr/newpress/jeccomposites/jcm1801_118
https://www.nxtbook.fr/newpress/jeccomposites/jcm1711_117
https://www.nxtbook.fr/newpress/jeccomposites/jcm1710_116
https://www.nxtbook.fr/newpress/jeccomposites/jcm1708_115
https://www.nxtbook.fr/newpress/jeccomposites/jcm1707_114
https://www.nxtbook.fr/newpress/jeccomposites/jcm1706_113
https://www.nxtbook.fr/newpress/jeccomposites/jcm1704_112
https://www.nxtbook.fr/newpress/jeccomposites/jcm1703_111
https://www.nxtbook.fr/newpress/jeccomposites/jcm1701_110
https://www.nxtbook.fr/newpress/jeccomposites/jcm1611_109
https://www.nxtbook.fr/newpress/jeccomposites/jcm1610_108
https://www.nxtbook.fr/newpress/jeccomposites/jcm1608_107
https://www.nxtbook.fr/newpress/jeccomposites/jcm1607_106
https://www.nxtbook.fr/newpress/jeccomposites/jcm1605_105
https://www.nxtbook.fr/newpress/jeccomposites/jcm1604_104
https://www.nxtbook.fr/newpress/jeccomposites/jcm1603_103
https://www.nxtbook.fr/newpress/jeccomposites/jcm1601_102
https://www.nxtbook.fr/newpress/jeccomposites/jcm1511_101
https://www.nxtbook.fr/newpress/jeccomposites/jcm1510_100
https://www.nxtbook.fr/newpress/jeccomposites/jcm1509_99
https://www.nxtbook.fr/newpress/jeccomposites/jcm1507_98
https://www.nxtbook.fr/newpress/jeccomposites/jcm1505_97
https://www.nxtbook.fr/newpress/jeccomposites/jcm1504_96
https://www.nxtbook.com/newpress/jeccomposites/jcm1503_95
https://www.nxtbook.com/newpress/jeccomposites/jcm1501_94
https://www.nxtbook.com/newpress/jeccomposites/jcm1412_93
https://www.nxtbook.com/newpress/jeccomposites/jcm1410_92
https://www.nxtbook.com/newpress/jeccomposites/jcm1409_91
https://www.nxtbook.com/newpress/jeccomposites/jcm1406_90
https://www.nxtbook.com/newpress/jeccomposites/jcm1405_89
https://www.nxtbook.com/newpress/jeccomposites/jcm1404_88
https://www.nxtbook.com/newpress/jeccomposites/jcm1403_87
https://www.nxtbook.com/newpress/jeccomposites/jcm1401_86
https://www.nxtbook.com/newpress/jeccomposites/jcm1311_85
https://www.nxtbook.com/newpress/jeccomposites/jcm1310_84
https://www.nxtbook.com/newpress/jeccomposites/jcm1308_83
https://www.nxtbook.com/newpress/jeccomposites/jcm1307_82
https://www.nxtbook.com/newpress/jeccomposites/jcm1305_81
https://www.nxtbook.com/newpress/jeccomposites/jcm1304_80
https://www.nxtbook.com/newpress/jeccomposites/jcm1303_79
https://www.nxtbook.com/newpress/jeccomposites/jcm1301_78
https://www.nxtbook.com/newpress/jeccomposites/jcm1212_77
https://www.nxtbook.com/newpress/jeccomposites/jcm1210_76
https://www.nxtbook.com/newpress/jeccomposites/jcm1208_75
https://www.nxtbook.com/newpress/jeccomposites/jcm1207_74
https://www.nxtbook.com/newpress/jeccomposites/jcm1206_73
https://www.nxtbook.com/newpress/jeccomposites/jcm1204_72
https://www.nxtbook.com/newpress/jeccomposites/jcm1203_71
https://www.nxtbook.com/newpress/jeccomposites/jcm1201_70
https://www.nxtbook.com/newpress/jeccomposites/jcm1111_69
https://www.nxtbook.com/newpress/jeccomposites/jcm1110_68
https://www.nxtbook.com/newpress/jeccomposites/jcm1108_67
https://www.nxtbook.com/newpress/jeccomposites/jcm1107_66
https://www.nxtbook.com/newpress/jeccomposites/jcm1105_65
https://www.nxtbook.com/newpress/jeccomposites/jcm1104_64
https://www.nxtbook.com/newpress/jeccomposites/jcm1103_63
https://www.nxtbook.com/newpress/jeccomposites/jcm1101_62
https://www.nxtbook.com/newpress/jeccomposites/jcm1011_61
https://www.nxtbook.com/newpress/jeccomposites/jcm1010_60
https://www.nxtbook.com/newpress/jeccomposites/jcm1009_59
https://www.nxtbook.com/newpress/jeccomposites/jcm1006_58
https://www.nxtbook.com/newpress/jeccomposites/jcm1005_57
https://www.nxtbook.com/newpress/jeccomposites/jcm1004_56
https://www.nxtbook.com/newpress/jeccomposites/jcm1003_55
https://www.nxtbook.com/newpress/jeccomposites/jcm1001_54
https://www.nxtbook.com/newpress/jeccomposites/jcm0911_53
https://www.nxtbook.com/newpress/jeccomposites/jcm0910_52
https://www.nxtbook.com/newpress/jeccomposites/jcm0909_51
https://www.nxtbook.com/newpress/jeccomposites/jcm0907-08_50
https://www.nxtbook.com/newpress/jeccomposites/jcm0906_49
https://www.nxtbook.com/newpress/jeccomposites/jcm0904_48
https://www.nxtbook.com/newpress/jeccomposites/jcm0903_47
https://www.nxtbook.com/newpress/jeccomposites/jcm0901_46
https://www.nxtbook.com/newpress/jeccomposites/jcm0811_45
https://www.nxtbook.com/newpress/jeccomposites/jcm0810_44
https://www.nxtbook.com/newpress/jeccomposites/jcm0809_43
https://www.nxtbook.com/newpress/jeccomposites/jcm0807_42
https://www.nxtbook.com/newpress/jeccomposites/jcm0806_41
https://www.nxtbook.com/newpress/jeccomposites/jcm0805_40
https://www.nxtbook.com/newpress/jeccomposites/jcm0803_39
https://www.nxtbook.com/newpress/jeccomposites/jcm0801_38
https://www.nxtbook.com/newpress/jeccomposites/jcm0712_37
https://www.nxtbook.com/newpress/jeccomposites/jcm0710_36
https://www.nxtbook.com/newpress/jeccomposites/jcm0709_35
https://www.nxtbook.com/newpress/jeccomposites/jcm0707_34
https://www.nxtbook.com/newpress/jeccomposites/jcm0706_33
https://www.nxtbookmedia.com