| Product Code: ETC8636992 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria continued to see significant imports of thermosetting and thermoplastics, with top exporters being India, China, USA, Metropolitan France, and Germany. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a notable growth rate of 22.57% from 2023 to 2024. However, the compound annual growth rate (CAGR) for the period 2020-2024 was negative at -23.75%, suggesting some challenges in the market. Overall, the import shipments of thermosetting and thermoplastics in Nigeria demonstrate both opportunities and hurdles for industry players.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Thermosetting and Thermoplastics Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Thermosetting and Thermoplastics Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Thermosetting and Thermoplastics Market - Industry Life Cycle |
3.4 Nigeria Thermosetting and Thermoplastics Market - Porter's Five Forces |
3.5 Nigeria Thermosetting and Thermoplastics Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Thermosetting and Thermoplastics Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Thermosetting and Thermoplastics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and durable materials in industries such as automotive and construction. |
4.2.2 Growing investments in infrastructure development projects in Nigeria. |
4.2.3 Rising awareness about the benefits of using thermosetting and thermoplastics over traditional materials. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs. |
4.3.2 Limited availability of skilled labor for manufacturing processes. |
4.3.3 Lack of proper recycling infrastructure leading to environmental concerns. |
5 Nigeria Thermosetting and Thermoplastics Market Trends |
6 Nigeria Thermosetting and Thermoplastics Market, By Types |
6.1 Nigeria Thermosetting and Thermoplastics Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Thermosetting and Thermoplastics Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Thermosetting and Thermoplastics Market Revenues & Volume, By Thermoplastic Resin, 2021- 2031F |
6.1.4 Nigeria Thermosetting and Thermoplastics Market Revenues & Volume, By Thermosetting Resin, 2021- 2031F |
6.2 Nigeria Thermosetting and Thermoplastics Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Thermosetting and Thermoplastics Market Revenues & Volume, By Construction Industry, 2021- 2031F |
6.2.3 Nigeria Thermosetting and Thermoplastics Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.4 Nigeria Thermosetting and Thermoplastics Market Revenues & Volume, By Packaging, 2021- 2031F |
6.2.5 Nigeria Thermosetting and Thermoplastics Market Revenues & Volume, By Marine, 2021- 2031F |
6.2.6 Nigeria Thermosetting and Thermoplastics Market Revenues & Volume, By Electronics, 2021- 2031F |
6.2.7 Nigeria Thermosetting and Thermoplastics Market Revenues & Volume, By Other, 2021- 2031F |
7 Nigeria Thermosetting and Thermoplastics Market Import-Export Trade Statistics |
7.1 Nigeria Thermosetting and Thermoplastics Market Export to Major Countries |
7.2 Nigeria Thermosetting and Thermoplastics Market Imports from Major Countries |
8 Nigeria Thermosetting and Thermoplastics Market Key Performance Indicators |
8.1 Percentage increase in adoption of thermosetting and thermoplastics in key industries. |
8.2 Number of infrastructure projects utilizing thermosetting and thermoplastics materials. |
8.3 Energy efficiency improvements achieved through the use of thermosetting and thermoplastics in manufacturing processes. |
9 Nigeria Thermosetting and Thermoplastics Market - Opportunity Assessment |
9.1 Nigeria Thermosetting and Thermoplastics Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Thermosetting and Thermoplastics Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Thermosetting and Thermoplastics Market - Competitive Landscape |
10.1 Nigeria Thermosetting and Thermoplastics Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Thermosetting and Thermoplastics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |