Compound market

Global Thermoset Molding Compounds Market to Reach $18 Billion by 2030

DUBLIN, August 29, 2022 /PRNewswire/ — The report “Thermosetting Molding Compounds Market by Type, By End User: Global Opportunity Analysis and Industry Forecast, 2020-2030” has been added to from ResearchAndMarkets.com offer.

The global thermosetting molding compounds market was valued at $9.8 billion in 2020, and should reach $18.0 billion by 2030, growing at a CAGR of 6.3% from 2021 to 2030.

Thermoset compounds provide thermoset plastic parts with heat resistance, dimensional stability, high flexural strength, electrical insulation, and functionality, making them ideal for a variety of applications. Molecules are linked by a process of cross-linking by irreversible chemical reactions under heat and pressure.

They are generally stronger than thermoplastics due to polymer cross-linking and are suitable for high temperature applications. Each type of thermosetting plastic has unique properties and is used in a variety of applications such as electrical and electronic equipment, automotive bodies and aerospace equipment.

The global thermosetting compounds market is mainly driven by rapid growth in urbanization and increasing demand from electronics and automotive industries. Rising demand for high metal weight and safety in the transportation and aviation world and the need for thermally stable and corrosion resistant composites are driving the growth of the market.

The increase in investments in emerging countries related to transport infrastructure has led to an increase in demand for products related to automotive and air transport. The increase in demand for these products actively influences the demand for thermoset growth. In particular, the rapidly changing human living environment after the introduction of portable electronic gadgets, such as smartphones and laptops, is creating a high demand for electrical equipment, which is driving the growth of the thermosetting molding market .

Fluctuations in crude oil prices and regulatory challenges related to hazardous waste, the need for high investment from investors to manufacture products, and the presence of fierce competition among a large number of global giants are some of the markets . It is expected to hamper growth.

The thermoset molding compounds market is segmented on the basis of type, end-user, and region.

Main benefits for stakeholders

  • This report provides a detailed quantitative analysis of the current trends and estimates of the thermoset molding compounds market from 2020 to 2030, which helps to identify existing opportunities.
  • An in-depth analysis of the Thermosetting Molding Compounds market across the globe is expected to provide a detailed understanding of current trends to enable stakeholders to formulate specific plans.
  • A comprehensive analysis of factors driving and restraining market growth is provided.
  • The market conditions by region and country are analyzed in detail in this report.
  • The projections in this report are made by analyzing the current trends and future potential of the market from 2020 to 2030 in terms of value.
  • An in-depth analysis of various regions provides insights that should enable businesses to strategically plan their trade moves.
  • Leading market players in the market are profiled in this report and their strategies are thoroughly analyzed which helps in understanding the competitive outlook of the global Thermoset Molding Compounds market.

Key market segments
Per end user

  • Automotive
  • Aerospace
  • Electrical and Electronic
  • Others

By type

  • Phenolic resin
  • An epoxy resin
  • Polyester resin
  • Urea Formaldehyde
  • Melamine Formaldehyde
  • Others

By region

  • North America
  • WE
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Rest of LAMEA


Main results of the study

  • By region, Asia Pacific accounted for the largest market share in 2020.
  • By type, the phenolic resins segment held the largest market share in 2020.
  • By end user, the automotive segment held the largest market share in 2020.

Main topics covered:

CHAPTER 1 INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW

CHAPTER 4: THERMODURABLE MOLDING COMPOUNDS MARKET, BY TYPE

CHAPTER 5: THERMODURABLE MOLDING COMPOUNDS MARKET, BY END-USER

CHAPTER 6: THERMODURABLE MOLDING COMPOUNDS MARKET, BY REGION

CHAPTER 7: CORPORATE LANDSCAPE

CHAPTER 8: COMPANY PROFILES

Companies cited

  • Ashland Global Holding Inc.
  • BASF
  • Eastman Chemical Company
  • Evonik Industries SA
  • Hexi Inc.
  • Hunter’s Society
  • Kolon Industries Inc.
  • Kyocera Chemical Corporation
  • Plastics Engineering Society
  • Rogers Company

For more information about this report visit https://www.researchandmarkets.com/r/pa2qrw

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SOURCE Research and Markets