Selbyville, Delaware, Aug. 16, 2022 (GLOBE NEWSWIRE) — As per the report published by Global Market Insights Inc., the global Thermoset Market for E-Mobility was estimated at USD 213,500 thousand in 2021 and may cross USD 1085 million by 2030, progressing at a CAGR of 20% from 2022 to 2030.
A series of investments in technologies associated with the recycling of thermoset products have been witnessed recently. This factor, alongside the high spending on connected vehicles and battery projects across the globe, especially in America, will drive the thermoset industry growth for e-mobility, says the report.
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The automotive industry has undergone radical change over recent years, due to factors such as the widespread acceptance of sustainable transportation. While COVID-19 introduced transportation uncertainties, the pandemic did not impact net-zero emission targets, transportation technology, and shared mobility, thereby further providing a boost to the thermoset market for e-mobility.
Attractive product benefits to push acrylics adoption through 2030
In terms of segmentation by resins, the market is categorized into epoxy, polyurethanes, unsaturated polyester resins, acrylics, and others. The acrylics segment among these is set to exhibit a CAGR of over 21% through 2030. This can be credited to the elasticity, general protection, abrasion resistance, and other benefits…
