Austin, TX, USA, July 13, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Molding Compounds Market Size, Trends and Insights By Resin Type (Phenolic, Epoxy, Polyester, Other), By Application (Electrical and Electronics, Automotive, Aerospace, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.
“According to the latest research study, the demand of global Molding Compounds Market size & share was valued at approximately USD 11.0 Billion in 2021 and is expected to reach USD 11.89 Billion in 2022 and is expected to reach a value of around USD 18.18 Billion by 2030, at a compound annual growth rate (CAGR) of about 6.53 % during the forecast period 2022 to 2030.”
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Market Overview
Molding compounds are composed of a conductive material, a thermoplastic polyvinyl butyral terpolymer binder, and a glycol ether solvent and carbon particle infused into the ink. Due to its good conductive property is widely used in automotive, electronics, displays, switches, and many others.
Market Dynamics
Drivers
Escalation in demand from the packaging sector
The increase in population has led to a rise in demand for various consumer goods, propelling demand for molding compounds in the packaging sector as they are widely used for manufacturing films & wraps. For instance, according to a report published by the National Investment Promotion and Facilitation Agency, the packaging industry was worth over $917 billion in 2019 and is expected to reach $1.05 trillion by 2024, growing at a CAGR of 2.8%. These factors are anticipated to enhance the demand for molding compounds in the packaging market.
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Restraints
Health concerns associated with molding compounds
However, exposure to molding compounds in manufacturing plants has adverse effects on health, such as eye irritation, cough, throat infection, and skin irritation. Additionally, the rise in prices of raw materials and the adoption of alternative substitutes over molding compounds are expected to hamper the market growth.
Opportunities
The rise in building and construction activity
An increase in investments in the building and infrastructure industry in countries such as the U.S., China, Japan, Mexico, and India has led the building & construction sector to witness significant growth where resin-based molding compounds such as epoxy, phenolic resins compounds are employed as insulating materials and cladding panels. These factors collectively witnessed high potential growth for molding compounds, thus, offering remunerative opportunities for the market.
(A free sample of the Molding Compounds report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request.
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated.
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Molding Compounds report has been modified to include the COVID-19 impact study prior to delivery.)
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Challenges
Availability of another substitute
Polyester resins release various toxic chemicals that, if exposed beyond the concentration limit, may cause several health-related issues such as health-related issues such as irritation in the eye, vision failure, respiratory problems, dizziness, genotoxic, cardiovascular, and gastrointestinal problems due to which manufacturer and consumer are shifting their preferences to other less toxic and sustainable molding compounds material. These factors may act as a challenging factor in the molding compounds market.
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Report Highlights
The molding compounds market is segmented by type: polyester, epoxy, phenolic, and others.
The phenolic segment dominated the market in 2021 and is expected to grow over the forecast period, and holds 39% of the total market share. This is attributed to the fact that the growing population, growth in consumer demand, and increase in demand for electrical and electronics-based devices have put more emphasis on manufacturers for the production of phenolic-based molding compounds, which it is used in combination with paper and fabrics as an insulation material in electrical and electronics components and circuit boards, owing due to its heat resistance property. These factors will increase the demand for molding compounds during the forecast period.
Based on application, the segment includes aerospace, automotive, electrical, and electronics. It is expected that the global electrical and electronics segment to hold a dominant position during 2022 -2031 with a maximum share of 30%.
The growth of the molding compounds market is driven by industrialization, urbanization, and disposable income, and demand for electrical and electronic devices has increased significantly. Molding compounds are used extensively, owing to their widespread functionalities, such as being reliable, dimensionally stable, and helps prevents short circuits in electrical devices. This is expected to drive the market in the electrical and electronics segment.
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Key questions answered in this report:
- What is the size of the Molding Compounds market and what is its expected growth rate?
- What are the primary driving factors that push the Molding Compounds market forward?
- What are the Molding Compounds Industry's top companies?
- What are the different categories that the Molding Compounds Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Molding Compounds market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Snapshots.
Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Asia-Pacific is the dominant region and holds 43% of the total share in the molding compounds market. This region is anticipated to maintain its dominance throughout the forecast period.
Countries such as China, Japan, India, and others have significantly contributed to the growth of the molding compounds market in the region. Key factors such as the rising population, growing demand for electric vehicles and electronic components, and other end-use industry has surged the demand for molding compounds. Furthermore, the rise in automotive sectors that have enhanced the demand for molding compounds in the Asia-Pacific.
The electric vehicle sector in China is increasing rapidly, which has forced molding compound manufacturers to produce high-quality molding compounds for use in sealing systems to enhance the aerodynamics of vehicles. These factors are escalating the potential sales of molding compounds in Asia-Pacific.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 11.0 billion |
| Projected Market Size in 2030 | USD 18.186 billion |
| CAGR Growth Rate | 6.53 % CAGR (2022-2030) |
| Base Year | 2022 |
| Forecast Period | 2023-2032 |
| Prominent Players | Hexion Inc., BASF SE, Hitachi Chemical Co., Sumitomo Bakelite Co.Ltd., IDI Composites International, CAPLINQ Corporation, SBHPP, Mar-Bal, Starfire Systems, Henkel Adhesives Industry Co.Ltd., SPF Composites., Lubrizol, PLEXIGLAS, Evonik Industries AG., and Others |
| Key Segment | By Resin Type, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
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COVID-19 Analysis
The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses to lives and the economy around the globe.
The molding compounds market has had little impact due to the wake of the COVID-19 pandemic; owing to the rise in cases of COVID-19, implementation of emergency protocols and shutdown of various operations and facilities have been observed during 2020.
Due to the spread of the coronavirus pandemic, the manufacturer has faced challenges in terms of operation and supply chain due to government restrictions during the lockdown.
However, the molding compounds market faced several difficulties with material supply chain disruptions, and labor shortages, in 2020.
Furthermore, to control the surge of novel coronavirus cases, there is a drastic shift of investments from other sectors toward the automotive sector. Also, several molding compound-based product manufacturing companies have shut down or shrunk their operations due to the risk of infection among the workforce.
In the first quarter of the pandemic, there was a complete shutdown of building & construction activities, the manufacturing industry, and others. The strict imposition of lockdown has hampered the growth of the molding compounds market.
In addition, as restrictions imposed due to lockdowns are being lifted in the fourth quarter of the pandemic, building & construction, automotive, aerospace, electronics, and manufacturing sectors are expected to recover, owing to the record of production units in both developed and developing economies.
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Key market segments
By Resin Type
- Phenolic
- Epoxy
- Polyester
- Other
By Application
- Electrical and Electronics
- Automotive
- Aerospace
- Others
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On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This Molding Compounds Market Research/Analysis Report Contains Answers to the following Questions.
- Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Molding Compounds Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Molding Compounds Market? What Was the Capacity, Production Value, Cost and PROFIT of the Molding Compounds Market?
- What Is the Current Market Status of the Molding Compounds Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Molding Compounds Market by Considering Applications and Types?
- What Are Projections of the Global Molding Compounds Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Molding Compounds Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Molding Compounds Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Molding Compounds Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Molding Compounds Industry?
Click Here to Access a Free Sample Report of the Global Molding Compounds Market @ https://www.custommarketinsights.com/report/molding-compounds-market/
Reasons to Purchase Molding Compounds Market Report
- Molding Compounds Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Molding Compounds Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Molding Compounds Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Molding Compounds Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global Molding Compounds market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Molding Compounds market analysis.
- The competitive environment of current and potential participants in the Molding Compounds market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Molding Compounds market should find this report useful. The research will be useful to all market participants in the Molding Compounds industry.
- Managers in the Molding Compounds sector are interested in publishing up-to-date and projected data about the worldwide Molding Compounds market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Molding Compounds products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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