Dublin, March 19, 2024 (GLOBE NEWSWIRE) -- The "Thermoset Molding Compound Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.
The global thermoset molding compound market is expected to reach an estimated $14 billion by 2030 with a CAGR of 6% 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. The future of the market looks promising with opportunities in the automotive, aerospace, and electrical and electronics markets.
Market Insights
- Phenolic resin is projected to 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.
The study includes a forecast for the global thermoset molding compound by type, end-use, and region:
Thermoset Molding Compound Market by Type [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 [Analysis by Value from 2018 to 2030]
- Automotive
- Aerospace
- Electrical and Electronics
- Others
Thermoset Molding Compound Market by Region [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
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.
For more information about this report visit https://www.researchandmarkets.com/r/vsvoza
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