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Thermoset Molding Compound Trends and Forecast
The future of the global thermoset molding compound market looks promising with opportunities in the automotive, aerospace, and electrical and electronics markets. The global thermoset molding compound market is expected to reach an estimated $14 billion by 2030 with a CAGR of 6.0% from 2024 to 2030. The major drivers for this market are growing need for heavy metals, rising safety in aircraft and transportation, as well as increasing necessity for thermal stability and corrosive composites.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Thermoset Molding Compound by Segment
The study includes a forecast for the global thermoset molding compound by type, end use, and region.
Thermoset Molding Compound Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Phenolic Resin
• Epoxy Resin
• Polyester Resin
• Urea Formaldehyde
• Melamine Formaldehyde
• Others
Thermoset Molding Compound Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Automotive
• Aerospace
• Electrical And Electronics
• Others
Thermoset Molding Compound Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Thermoset Molding Compound Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies thermoset molding compound companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the thermoset molding compound companies profiled in this report include-
• Ashland Holding
• BASF
• Eastman chemical company
• Evonik
• Hexion
• Huntsman
• Kolon Industries
• Kyocera chemical
• Plastics engineering company
• Rogers
Thermoset Molding Compound Market Insights
Lucintel forecasts that phenolic resin will remain the largest segment over the forecast period due to their increased qualities, such as strong heat resistance, high moldability, mechanical strength, low smoke toxicity, and ability to mix with polymers, are increasingly being employed in a variety of sectors.
APAC will remain the largest region over the forecast period due to government efforts in India and China to construct smart cities and contemporary infrastructure.
Features of the Global Thermoset Molding Compound Market
Market Size Estimates: Thermoset molding compound market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Thermoset molding compound market size by type, end use, and region in terms of value ($B).
Regional Analysis: Thermoset molding compound market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, end use, and regions for the thermoset molding compound market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the thermoset molding compound market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the thermoset molding compound market size?
Answer: The global thermoset molding compound market is expected to reach an estimated $14 billion by 2030.
Q2. What is the growth forecast for thermoset molding compound market?
Answer: The global thermoset molding compound market is expected to grow with a CAGR of 6.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the thermoset molding compound market?
Answer: The major drivers for this market are growing need for heavy metals, rising safety in aircraft and transportation, as well as increasing necessity for thermal stability and corrosive composites.
Q4. What are the major segments for thermoset molding compound market?
Answer: The future of the global thermoset molding compound market looks promising with opportunities in the automotive, aerospace, and electrical and electronics markets.
Q5. Who are the key thermoset molding compound market companies?
Answer: Some of the key thermoset molding compound companies are as follows:
• Ashland Holding
• BASF
• Eastman chemical company
• Evonik
• Hexion
• Huntsman
• Kolon Industries
• Kyocera chemical
• Plastics engineering company
• Rogers
Q6. Which thermoset molding compound market segment will be the largest in future?
Answer: Lucintel forecasts that phenolic resin will remain the largest segment over the forecast period due to their increased qualities, such as strong heat resistance, high moldability, mechanical strength, low smoke toxicity, and ability to mix with polymers, are increasingly being employed in a variety of sectors.
Q7. In thermoset molding compound market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to government efforts in India and China to construct smart cities and contemporary infrastructure.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the thermoset molding compound market by type (phenolic resin, epoxy resin, polyester resin, urea formaldehyde, melamine formaldehyde, and others), end use (automotive, aerospace, electrical and electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Thermoset Molding Compound Market, Thermoset Molding Compound Market Size, Thermoset Molding Compound Market Growth, Thermoset Molding Compound Market Analysis, Thermoset Molding Compound Market Report, Thermoset Molding Compound Market Share, Thermoset Molding Compound Market Trends, Thermoset Molding Compound Market Forecast, Thermoset Molding Compound Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Thermoset Molding Compound Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Thermoset Molding Compound Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Thermoset Molding Compound Market by Type
3.3.1: Phenolic Resin
3.3.2: Epoxy Resin
3.3.3: Polyester Resin
3.3.4: Urea Formaldehyde
3.3.5: Melamine Formaldehyde
3.3.6: Others
3.4: Global Thermoset Molding Compound Market by End Use
3.4.1: Automotive
3.4.2: Aerospace
3.4.3: Electrical and Electronics
3.4.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Thermoset Molding Compound Market by Region
4.2: North American Thermoset Molding Compound Market
4.2.2: North American Thermoset Molding Compound Market by End Use: Automotive, Aerospace, Electrical and Electronics, and Others
4.3: European Thermoset Molding Compound Market
4.3.1: European Thermoset Molding Compound Market by Type: Phenolic Resin, Epoxy Resin, Polyester Resin, Urea Formaldehyde, Melamine Formaldehyde, and Others
4.3.2: European Thermoset Molding Compound Market by End Use: Automotive, Aerospace, Electrical and Electronics, and Others
4.4: APAC Thermoset Molding Compound Market
4.4.1: APAC Thermoset Molding Compound Market by Type: Phenolic Resin, Epoxy Resin, Polyester Resin, Urea Formaldehyde, Melamine Formaldehyde, and Others
4.4.2: APAC Thermoset Molding Compound Market by End Use: Automotive, Aerospace, Electrical and Electronics, and Others
4.5: ROW Thermoset Molding Compound Market
4.5.1: ROW Thermoset Molding Compound Market by Type: Phenolic Resin, Epoxy Resin, Polyester Resin, Urea Formaldehyde, Melamine Formaldehyde, and Others
4.5.2: ROW Thermoset Molding Compound Market by End Use: Automotive, Aerospace, Electrical and Electronics, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Thermoset Molding Compound Market by Type
6.1.2: Growth Opportunities for the Global Thermoset Molding Compound Market by End Use
6.1.3: Growth Opportunities for the Global Thermoset Molding Compound Market by Region
6.2: Emerging Trends in the Global Thermoset Molding Compound Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Thermoset Molding Compound Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Thermoset Molding Compound Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Ashland Holding
7.2: BASF
7.3: Eastman chemical company
7.4: Evonik
7.5: Hexion
7.6: Huntsman
7.7: Kolon Industries
7.8: Kyocera chemical
7.9: Plastics engineering company
7.10: Rogers
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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