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.
- Add Resins and Chemicals (Pty) Ltd
- Arkema SA
- Gulf Chemicals and Industrial Oils Company
- KZN Resins
- NCS Resins (Pty) Ltd.
- Scott Bader Company Ltd.
- SI Group Inc.
- Synresins Limited
Key Topics Covered:
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
For more information about this report visit https://www.researchandmarkets.com/research/lvwm7r/africa?w=4