Africa Thermosetting and Thermoplastics Market Growth, Trends, and Forecast (2018 – 2023) – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Africa
Thermosetting and Thermoplastics Market – Segmented by Thermoplastic
Resin, Thermosetting Resin, End-User Industry, and Geography – Growth,
Trends, and Forecast (2018 – 2023)" report has been added to ResearchAndMarkets.com's
offering.

Africa thermosetting and thermoplastics market is expected to witness a
CAGR of ~5.5% during the forecast period, 2018 – 2023. By resin type,
thermoplastic resins dominated the market with a share of around 90% in
2017.

Thermoplastics play a vital role in the ship building activities and the
demand for these products is significantly increasing owing to their
better characteristics, such as lightweight and durability.
Thermoplastics, including polyethylene terephthalate, are used at
various stages of shipbuilding from the external body of the ship to the
interior components. These plastics are resistant to the damage caused
by many chemicals and water, which make them attractive to the ship and
ship component manufacturers. Owing to these properties, thermoplastics
in the form of sheets are being preferred by many producers, for
flooring in ships, instead of wood.

South Africa is not only a major economically developed country in the
continent, but also a significant consumer of plastics for various
applications. Being a major coastal country, the ship building
activities in South Africa are high compared to other countries. Western
Cape is a major hub for the manufacture of yachts in South Africa and
the boat-building sector here is highly competitive. Additionally, the
South African Navy is into replacing old hydrographic vessels for newer
ones. This scenario is also likely to propel the thermoplastics demand
in the near future.

Companies Mentioned

• Add Resins and Chemicals (Pty) Ltd
• Arkema SA
• DowDuPont
• Gulf Chemicals and Industrial Oils Company
• KZN Resins
• NCS Resins (Pty) Ltd.
• SABIC
• Scott Bader Company Ltd.
• SI Group Inc.
• Synresins Limited

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Africa Market Analysis

7. Future of the Market

8. Competitive Landscape

9. Company Profiles

10. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/lvwm7r/africa?w=4

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Related
Topics: Plastics,
Plastic
Resins