Thermoset Molding Compound Market Growth, Share, Demand, Challenges and Future Competition
Thermoset Molding Compound Market Size- By Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Feb-2023 | Report ID: CHEM2331 | Pages: 1 - 216 | Formats*: |
| Category : Chemical & Materials | |||
Global Thermoset Molding Compound Market Overview
According to SPER Market Research, the Global Thermoset Molding Compound Market is estimated to reach USD 20.91 billion by 2032 with a CAGR of 6.52%.
The global thermoset molding compound market is a rapidly growing segment of the overall thermoset resin market. Thermoset molding compounds are thermosetting polymers that are used to produce a wide range of parts and components for a variety of applications, including automotive, aerospace, electrical and electronics, and consumer goods. The market for thermoset molding compounds is driven by the increasing demand for lightweight, high-strength materials in various end-use industries. The superior mechanical properties of thermoset molding compounds, such as high stiffness, strength, and resistance to heat and chemicals, make them an attractive option for a wide range of applications.
The market for thermoset molding compounds is expected to continue to grow in the coming years, driven by the increasing demand for lightweight, high-strength materials in various end-use industries. The development of new thermoset molding compounds with improved mechanical properties and processing capabilities is expected to further drive the growth of the market. However, the market may face challenges from the increasing adoption of thermoplastic composites, which offer similar mechanical properties and processing capabilities but with the added advantage of recyclability.
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Impact of COVID-19 on the Global Thermoset Molding Compound Market
The COVID-19 pandemic has had a significant impact on the global thermoset molding compound market, both in terms of demand and supply. The pandemic has caused disruptions in the global supply chain and production activities, leading to a decline in demand and sales of thermoset molding compounds in some regions.
The automotive and aerospace industries, two major end-use markets for thermoset molding compounds, have been hit hard by the pandemic, with production activities disrupted due to supply chain disruptions, factory shutdowns, and reduced demand. This has led to a decline in demand for thermoset molding compounds in these industries, which has had a significant impact on the market.
In addition, the construction industry, another major end-use market for thermoset molding compounds, has also been impacted by the pandemic. The pandemic has led to a slowdown in construction activities and delays in project timelines, which has had an impact on the demand for thermoset molding compounds in this industry. However, the pandemic has also led to an increase in demand for thermoset molding compounds in some end-use industries, such as electrical and electronics, as people have increasingly relied on electronic devices for work and entertainment during lockdowns and remote work. This has resulted in an increase in demand for electronic components, such as connectors, switches, and housings, that are made using thermoset molding compounds.
Overall, the impact of the COVID-19 pandemic on the global thermoset molding compound market has been mixed, with some end-use industries experiencing a decline in demand, while others have seen an increase in demand. As the pandemic continues to evolve, it remains to be seen how the market will be affected in the long term, and whether the demand for thermoset molding compounds will recover in industries such as automotive and aerospace that have been hit hard by the pandemic.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By End user |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | Ashland Global Holding Inc., BASF, Eastman Chemical Company, Evonik Industries AG, Hexion Inc, Huntsman Corporation, Kolon Industries Inc, Kyocera Chemical Corporation, Plastics Engineering Company, Rogers Corporation |
Global Thermoset Molding Compound Market Segmentation:
1. By Type:
- Epoxy Resin
- Melamine Formaldehyde
- Phenolic Resin
- Polyester Resin
- Urea Formaldehyde
- Others
2. By End User:
- Aerospace
- Automotive
- Electrical and Electronics
- Others
3. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Thermoset Molding Compound Market (FY’2019-FY’2032)
- Overview of Global Thermoset Molding Compound Market
- Segmentation of Global Thermoset Molding Compound Market By Type (Phenolic Resin, Epoxy Resin, Polyester Resin, Urea Formaldehyde, Melamine Formaldehyde, Others)
- Segmentation of Global Thermoset Molding Compound Market By End User (Automotive, Aerospace, Electrical and Electronic, Others)
- Statistical Snap of Global Thermoset Molding Compound Market
- Growth Analysis of Global Thermoset Molding Compound Market
- Problems and Challenges in Global Thermoset Molding Compound Market
- Competitive Landscape in the Global Thermoset Molding Compound Market
- Impact of COVID-19 and Demonetization on Global Thermoset Molding Compound Market
- Details on Recent Investment in Global Thermoset Molding Compound Market
- Competitive Analysis of Global Thermoset Molding Compound Market
- Major Players in the Global Thermoset Molding Compound Market
- SWOT Analysis of Global Thermoset Molding Compound Market
- Global Thermoset Molding Compound Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Thermoset Molding Compound Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Thermoset Molding Compound Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Thermoset Molding Compound Market
7. Global Thermoset Molding Compound Market, By Type, 2019-2032 (USD Million)
7.1 Epoxy Resin7.2 Melamine Formaldehyde7.3 Phenolic Resin7.4 Polyester Resin7.5 Urea Formaldehyde7.6 Others
8. Global Thermoset Molding Compound Market, By End User, 2019-2032 (USD Million)
8.1 Aerospace8.2 Automotive8.3 Electrical and Electronics8.4 Others
9. Global Thermoset Molding Compound Market, By Region, 2019-2032 (USD Million)
9.1 Global Thermoset Molding Compound Market Size and Market Share by Region (2019-2025)9.2 Global Thermoset Molding Compound Market Size and Market Share by Region (2026-2032)9.3 Asia-Pacific
9.3.1 Australia9.3.2 China9.3.3 India9.3.4 Japan9.3.5 South Korea9.3.6 Rest of Asia-Pacific
9.4 Europe
9.4.1 France9.4.2 Germany9.4.3 Italy9.4.4 Spain9.4.5 United Kingdom9.4.6 Rest of Europe
9.5 Middle East and Africa
9.5.1 Kingdom of Saudi Arabia9.5.2 United Arab Emirates9.5.3 Rest of Middle East & Africa
9.6 North America
9.6.1 Canada9.6.2 Mexico9.6.3 United States
9.7 Latin America
9.7.1 Argentina9.7.2 Brazil9.7.3 Rest of Latin America
10. Company Profiles
10.1 Ashland Global Holding Inc.
10.1.1 Company details10.1.2 Financial outlook10.1.3 Product summary10.1.4 Recent developments
10.2 BASF
10.2.1 Company details10.2.2 Financial outlook10.2.3 Product summary10.2.4 Recent developments
10.3 Eastman Chemical Company
10.3.1 Company details10.3.2 Financial outlook10.3.3 Product summary10.3.4 Recent developments
10.4 Evonik Industries AG
10.4.1 Company details10.4.2 Financial outlook10.4.3 Product summary10.4.4 Recent developments
10.5 Hexion Inc.
10.5.1 Company details10.5.2 Financial outlook10.5.3 Product summary10.5.4 Recent developments
10.6 Huntsman Corporation
10.6.1 Company details10.6.2 Financial outlook10.6.3 Product summary10.6.4 Recent developments
10.7 Kolon Industries Inc.
10.7.1 Company details10.7.2 Financial outlook10.7.3 Product summary10.7.4 Recent developments
10.8 Kyocera Chemical Corporation
10.8.1 Company details10.8.2 Financial outlook10.8.3 Product summary10.8.4 Recent developments
10.9 Plastics Engineering Company(PLENCO)
10.9.1 Company details10.9.2 Financial outlook10.9.3 Product summary10.9.4 Recent developments
10.10 Rogers Corporation
10.10.1 Company details10.10.2 Financial outlook10.10.3 Product summary10.10.4 Recent developments
11. List of Abbreviations
12. Reference Links
13. Conclusion
14. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The market for thermoset molding compounds is driven by the increasing demand for lightweight, high-strength materials in various end-use industries.
Thermoset Molding Compound Market is projected to reach USD 20.91 billion by 2032, growing at a CAGR of 6.52% during the forecast period.
Thermoset Molding Compound Market grew in market size from 2021. The Market is expected to reach USD 20.91 billion by 2032, at a CAGR of 6.52% during the forecast period.
Thermoset Molding Compound Market CAGR of 6.52% during the forecast period.
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Thermoset Molding Compound Market size is USD 20.91 billion from 2022 to 2032.
Thermoset Molding Compound Market Segment is Covered By Type, By End user.
The North America region is anticipated to have the highest market share in the Thermoset Molding Compound Market.
The key players in the market include Companies Covered Ashland Global Holding Inc., BASF, Eastman Chemical Company, Evonik Industries AG, Hexion Inc, Huntsman Corporation, Kolon Industries Inc, Kyocera Chemical Corporation, Plastics Engineering Company, Rogers Corporation.
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