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Thermoset Molding Compound Market By Type, By End User: Global Opportunity Analysis and Industry Forecast, 2020-2030

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    Report

  • 206 Pages
  • April 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640487
Description Jump to:
The global thermoset molding compound market was valued at $9.8 billion in 2020, and is projected to reach $18.0 billion by 2030, growing at a CAGR of 6.3% from 2021 to 2030.

Thermosetting compounds provide thermosetting plastic parts with heat resistance, dimensional stability, high bending strength, electrical insulation, and functionality, making them ideal for a variety of applications. The molecules are linked via a cross-linking process through 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, automobile bodies, and aerospace equipment.

The global thermosetting compound market is driven primarily by the rapid growth of urbanization and increase in demand from the electronics and automotive industries. Increase in demand for high metal weight and safety in the transport and aviation universe and the need for thermal stable and corrosion-resistant composites propagate the market growth. The increase in investment in emerging economic countries related to transport infrastructure brought an increase in demand for automotive and airborne transport-related products. Rise in demand for these products actively influences the demand for thermosetting growth. In particular, rapid change in the human living environment after the introduction of portable electronic gadgets, such as smartphones and laptops create a large demand for electrical equipment, which drives the growth of the thermoset molding market.

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

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

The global thermoset molding compounds market mainly emphasizes on thermoset resins and its different types, including phenolic resin, epoxy resin, polyester resin, urea formaldehyde resin, melamine formaldehyde resin, and others. Thermoset molding compound market analysis further includes the current market trends and future opportunities in several end-use industries such as automotive, aerospace, and electrical & electronics. The global thermoset molding compound market is analyzed based on four regions, which include North America, Europe, Asia-Pacific, and LAMEA. Amongst them, Asia-Pacific leads the global thermoset molding compound market in terms of value and volume. LAMEA is the fastest growing region owing to the rise in urbanization and growth in demand for lightweight materials in automotive industries.

The key players operating in the global thermoset molding compound market are Ashland Global Holding Inc., BASF SE, Eastman Chemical Company, Evonik Industries AG, Hexion Inc., Huntsman Corporation, Kolon Industries Inc., Kyocera Chemical Corporation, Plastics Engineering Company (Plenco), and Rogers Corporation. Other major players in the market include Hitachi Chemical Company Ltd., Cosmic Plastics Inc., Chang Chun Plastics Co. Ltd., Saudi Basic Industries Corporation (SABIC), Nan Ya Plastics Corporation, Allnex Belgium S.A., Georgia-Pacific Chemicals LLC, Jiangsu Tianxin Chemical Co., Ltd., Mitsui Chemicals Inc., and Chemiplastica SPA are competing for the share of the market through product launch, joint venture, partnership, and expanding the production capabilities to meet the future demand for the thermoset molding compound market during the forecast period.

COVID-19 Impact Analysis:


COVID-19 has severely impacted the global economy with devastating effects on global trade, which has simultaneously affected households, business, financial institution, industrial establishments, and infrastructure companies. The restrictions on international trade and lockdown regulations on the operations of the chemicals industry are projected to limit short term demand in the market. Further, moulding manufacturers are being forced to shut down or limit production processes, for non-essential applications. However, as a result of the COVID-19 pandemic, the thermoset molding compound market also experienced a slowdown.

Key Benefits For Stakeholders

  • This report provides a detailed quantitative analysis of the current thermoset molding compound market trends and estimations from 2020 to 2030, which assists to identify the prevailing opportunities.
  • An in-depth analysis of thermoset molding compound market across the globe is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate specific plans.
  • A comprehensive analysis of the factors that drive and restrain the growth of the market is provided.
  • Region-wise and country-wise market conditions are comprehensively analyzed in this report.
  • The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2030 in terms of value.
  • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
  • Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the global thermoset molding compound market.

Key Market Segments


By End User

  • Automotive
  • Aerospace
  • Electrical and Electronics
  • Others

By Type

  • Phenolic Resin
  • Epoxy Resin
  • Polyester Resin
  • Urea Formaldehyde
  • Melamine Formaldehyde
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • Rest Of Asia Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Rest of LAMEA

Key Market Players

  • ASHLAND GLOBAL HOLDING INC.
  • BASF SE
  • EASTMAN CHEMICAL COMPANY
  • EVONIK INDUSTRIES AG
  • HEXION INC.
  • HUNTSMAN CORPORATION
  • KOLON INDUSTRIES INC.
  • KYOCERA CHEMICAL CORPORATION
  • PLASTICS ENGINEERING COMPANY (PLENCO)
  • ROGERS CORPORATION

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Value Chain Analysis
3.9. Key Regulation Analysis
CHAPTER 4: THERMOSET MOLDING COMPOUND MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Phenolic Resin
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Epoxy Resin
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Polyester Resin
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Urea Formaldehyde
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Melamine Formaldehyde
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
4.7 Others
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market analysis by country
CHAPTER 5: THERMOSET MOLDING COMPOUND MARKET, BY END USER
5.1 Overview
5.1.1 Market size and forecast
5.2 Automotive
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Aerospace
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Electrical and Electronics
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
CHAPTER 6: THERMOSET MOLDING COMPOUND MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Type
6.2.3 North America Market size and forecast, by End User
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Type
6.2.4.1.2 Market size and forecast, by End User
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Type
6.2.4.2.2 Market size and forecast, by End User
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Type
6.2.4.3.2 Market size and forecast, by End User
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Type
6.3.3 Europe Market size and forecast, by End User
6.3.4 Europe Market size and forecast, by country
6.3.4.1 United Kingdom
6.3.4.1.1 Market size and forecast, by Type
6.3.4.1.2 Market size and forecast, by End User
6.3.4.2 Germany
6.3.4.2.1 Market size and forecast, by Type
6.3.4.2.2 Market size and forecast, by End User
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Type
6.3.4.3.2 Market size and forecast, by End User
6.3.4.4 Spain
6.3.4.4.1 Market size and forecast, by Type
6.3.4.4.2 Market size and forecast, by End User
6.3.4.5 Italy
6.3.4.5.1 Market size and forecast, by Type
6.3.4.5.2 Market size and forecast, by End User
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Type
6.3.4.6.2 Market size and forecast, by End User
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Type
6.4.3 Asia-Pacific Market size and forecast, by End User
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Type
6.4.4.1.2 Market size and forecast, by End User
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Type
6.4.4.2.2 Market size and forecast, by End User
6.4.4.3 South Korea
6.4.4.3.1 Market size and forecast, by Type
6.4.4.3.2 Market size and forecast, by End User
6.4.4.4 Rest Of Asia Pacific
6.4.4.4.1 Market size and forecast, by Type
6.4.4.4.2 Market size and forecast, by End User
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Type
6.5.3 LAMEA Market size and forecast, by End User
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Type
6.5.4.1.2 Market size and forecast, by End User
6.5.4.2 South Africa
6.5.4.2.1 Market size and forecast, by Type
6.5.4.2.2 Market size and forecast, by End User
6.5.4.3 Rest of LAMEA
6.5.4.3.1 Market size and forecast, by Type
6.5.4.3.2 Market size and forecast, by End User
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 ASHLAND GLOBAL HOLDING INC.
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 BASF SE
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 EASTMAN CHEMICAL COMPANY
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 EVONIK INDUSTRIES AG
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 HEXION INC.
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 HUNTSMAN CORPORATION
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 KOLON INDUSTRIES INC.
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 KYOCERA CHEMICAL CORPORATION
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 PLASTICS ENGINEERING COMPANY (PLENCO)
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 ROGERS CORPORATION
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Thermoset Molding Compound Market, by Type, 2020-2030, ($Million)
Table 2. Thermoset Molding Compound Market Revenue, for Phenolic Resin, by Region, 2020-2030, ($Million)
Table 3. Thermoset Molding Compound Market Phenolic Resin by Country, 2020-2030, ($Million)
Table 4. Thermoset Molding Compound Market Revenue, for Epoxy Resin, by Region, 2020-2030, ($Million)
Table 5. Thermoset Molding Compound Market Epoxy Resin by Country, 2020-2030, ($Million)
Table 6. Thermoset Molding Compound Market Revenue, for Polyester Resin, by Region, 2020-2030, ($Million)
Table 7. Thermoset Molding Compound Market Polyester Resin by Country, 2020-2030, ($Million)
Table 8. Thermoset Molding Compound Market Revenue, for Urea Formaldehyde, by Region, 2020-2030, ($Million)
Table 9. Thermoset Molding Compound Market Urea Formaldehyde by Country, 2020-2030, ($Million)
Table 10. Thermoset Molding Compound Market Revenue, for Melamine Formaldehyde, by Region, 2020-2030, ($Million)
Table 11. Thermoset Molding Compound Market Melamine Formaldehyde by Country, 2020-2030, ($Million)
Table 12. Thermoset Molding Compound Market Revenue, for Others, by Region, 2020-2030, ($Million)
Table 13. Thermoset Molding Compound Market Others by Country, 2020-2030, ($Million)
Table 14. Global Thermoset Molding Compound Market, by End-user, 2020-2030, ($Million)
Table 15. Thermoset Molding Compound Market Revenue, for Automotive, by Region, 2020-2030, ($Million)
Table 16. Thermoset Molding Compound Market Automotive by Country, 2020-2030, ($Million)
Table 17. Thermoset Molding Compound Market Revenue, for Aerospace, by Region, 2020-2030, ($Million)
Table 18. Thermoset Molding Compound Market Aerospace by Country, 2020-2030, ($Million)
Table 19. Thermoset Molding Compound Market Revenue, for Electrical and Electronics, by Region, 2020-2030, ($Million)
Table 20. Thermoset Molding Compound Market Electrical and Electronics by Country, 2020-2030, ($Million)
Table 21. Thermoset Molding Compound Market Revenue, for Others, by Region, 2020-2030, ($Million)
Table 22. Thermoset Molding Compound Market Others by Country, 2020-2030, ($Million)
Table 23. Thermoset Molding Compound Market, by Region, 2020-2030, ($Million)
Table 24. North America Thermoset Molding Compound Market, by Type, 2020-2030, ($Million)
Table 25. North America Thermoset Molding Compound Market, by End-user, 2020-2030, ($Million)
Table 26. North America Thermoset Molding Compound Market, by Country, 2020-2030, ($Million)
Table 27. U.S. Thermoset Molding Compound Market by Type 2020-2030, ($Million)
Table 28. U.S. Thermoset Molding Compound Market by End-user 2020-2030, ($Million)
Table 29. Canada Thermoset Molding Compound Market by Type 2020-2030, ($Million)
Table 30. Canada Thermoset Molding Compound Market by End-user 2020-2030, ($Million)
Table 31. Mexico Thermoset Molding Compound Market by Type 2020-2030, ($Million)
Table 32. Mexico Thermoset Molding Compound Market by End-user 2020-2030, ($Million)
Table 33. Europe Thermoset Molding Compound Market, by Type, 2020-2030, ($Million)
Table 34. Europe Thermoset Molding Compound Market, by End-user, 2020-2030, ($Million)
Table 35. Europe Thermoset Molding Compound Market, by Country, 2020-2030, ($Million)
Table 36. United Kingdom Thermoset Molding Compound Market by Type 2020-2030, ($Million)
Table 37. United Kingdom Thermoset Molding Compound Market by End-user 2020-2030, ($Million)
Table 38. Germany Thermoset Molding Compound Market by Type 2020-2030, ($Million)
Table 39. Germany Thermoset Molding Compound Market by End-user 2020-2030, ($Million)
Table 40. France Thermoset Molding Compound Market by Type 2020-2030, ($Million)
Table 41. France Thermoset Molding Compound Market by End-user 2020-2030, ($Million)
Table 42. Spain Thermoset Molding Compound Market by Type 2020-2030, ($Million)
Table 43. Spain Thermoset Molding Compound Market by End-user 2020-2030, ($Million)
Table 44. Italy Thermoset Molding Compound Market by Type 2020-2030, ($Million)
Table 45. Italy Thermoset Molding Compound Market by End-user 2020-2030, ($Million)
Table 46. Rest of Europe Thermoset Molding Compound Market by Type 2020-2030, ($Million)
Table 47. Rest of Europe Thermoset Molding Compound Market by End-user 2020-2030, ($Million)
Table 48. Asia-Pacific Thermoset Molding Compound Market, by Type, 2020-2030, ($Million)
Table 49. Asia-Pacific Thermoset Molding Compound Market, by End-user, 2020-2030, ($Million)
Table 50. Asia-Pacific Thermoset Molding Compound Market, by Country, 2020-2030, ($Million)
Table 51. China Thermoset Molding Compound Market by Type 2020-2030, ($Million)
Table 52. China Thermoset Molding Compound Market by End-user 2020-2030, ($Million)
Table 53. Japan Thermoset Molding Compound Market by Type 2020-2030, ($Million)
Table 54. Japan Thermoset Molding Compound Market by End-user 2020-2030, ($Million)
Table 55. South Korea Thermoset Molding Compound Market by Type 2020-2030, ($Million)
Table 56. South Korea Thermoset Molding Compound Market by End-user 2020-2030, ($Million)
Table 57. Rest of Asia-Pacific Thermoset Molding Compound Market by Type 2020-2030, ($Million)
Table 58. Rest of Asia-Pacific Thermoset Molding Compound Market by End-user 2020-2030, ($Million)
Table 59. LAMEA Thermoset Molding Compound Market, by Type, 2020-2030, ($Million)
Table 60. LAMEA Thermoset Molding Compound Market, by End-user, 2020-2030, ($Million)
Table 61. LAMEA Thermoset Molding Compound Market, by Country, 2020-2030, ($Million)
Table 62. Brazil Thermoset Molding Compound Market by Type 2020-2030, ($Million)
Table 63. Brazil Thermoset Molding Compound Market by End-user 2020-2030, ($Million)
Table 64. South Africa Thermoset Molding Compound Market by Type 2020-2030, ($Million)
Table 65. South Africa Thermoset Molding Compound Market by End-user 2020-2030, ($Million)
Table 66. Rest of LAMEA Thermoset Molding Compound Market by Type 2020-2030, ($Million)
Table 67. Rest of LAMEA Thermoset Molding Compound Market by End-user 2020-2030, ($Million)
Table 68. Ashland Global Holding Inc.: Company Snapshot
Table 69. Ashland Global Holding Inc.: Operating Segments
Table 70. Ashland Global Holding Inc.: Product Portfolio
Table 71. Ashland Global Holding Inc.: Net Sales
Table 72. Ashland Global Holding Inc.: Key Stratergies
Table 73. Basf Se: Company Snapshot
Table 74. Basf Se: Operating Segments
Table 75. Basf Se: Product Portfolio
Table 76. Basf Se: Net Sales
Table 77. Basf Se: Key Stratergies
Table 78. Eastman Chemical Company: Company Snapshot
Table 79. Eastman Chemical Company: Operating Segments
Table 80. Eastman Chemical Company: Product Portfolio
Table 81. Eastman Chemical Company: Net Sales
Table 82. Eastman Chemical Company: Key Stratergies
Table 83. Evonik Industries Ag: Company Snapshot
Table 84. Evonik Industries Ag: Operating Segments
Table 85. Evonik Industries Ag: Product Portfolio
Table 86. Evonik Industries Ag: Net Sales
Table 87. Evonik Industries Ag: Key Stratergies
Table 88. Hexion Inc.: Company Snapshot
Table 89. Hexion Inc.: Operating Segments
Table 90. Hexion Inc.: Product Portfolio
Table 91. Hexion Inc.: Net Sales
Table 92. Hexion Inc.: Key Stratergies
Table 93. Huntsman Corporation: Company Snapshot
Table 94. Huntsman Corporation: Operating Segments
Table 95. Huntsman Corporation: Product Portfolio
Table 96. Huntsman Corporation: Net Sales
Table 97. Huntsman Corporation: Key Stratergies
Table 98. Kolon Industries Inc.: Company Snapshot
Table 99. Kolon Industries Inc.: Operating Segments
Table 100. Kolon Industries Inc.: Product Portfolio
Table 101. Kolon Industries Inc.: Net Sales
Table 102. Kolon Industries Inc.: Key Stratergies
Table 103. Kyocera Chemical Corporation: Company Snapshot
Table 104. Kyocera Chemical Corporation: Operating Segments
Table 105. Kyocera Chemical Corporation: Product Portfolio
Table 106. Kyocera Chemical Corporation: Net Sales
Table 107. Kyocera Chemical Corporation: Key Stratergies
Table 108. Plastics Engineering Company (Plenco): Company Snapshot
Table 109. Plastics Engineering Company (Plenco): Operating Segments
Table 110. Plastics Engineering Company (Plenco): Product Portfolio
Table 111. Plastics Engineering Company (Plenco): Net Sales
Table 112. Plastics Engineering Company (Plenco): Key Stratergies
Table 113. Rogers Corporation: Company Snapshot
Table 114. Rogers Corporation: Operating Segments
Table 115. Rogers Corporation: Product Portfolio
Table 116. Rogers Corporation: Net Sales
Table 117. Rogers Corporation: Key Stratergies
LIST OF FIGURES
Figure 1. Thermoset Molding Compound Market Segmentation
Figure 2. Thermoset Molding Compound Market, 2020-2030
Figure 3. Thermoset Molding Compound Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Thermoset Molding Compound Market:Drivers, Restraints and Opportunities
Figure 12. Value Chain Analysis
Figure 13. Thermoset Molding Compound Market, by Type, 2020 (%)
Figure 14. Comparative Share Analysis of Phenolic Resin Thermoset Molding Compound Market, 2020-2030 (%)
Figure 15. Comparative Share Analysis of Epoxy Resin Thermoset Molding Compound Market, 2020-2030 (%)
Figure 16. Comparative Share Analysis of Polyester Resin Thermoset Molding Compound Market, 2020-2030 (%)
Figure 17. Comparative Share Analysis of Urea Formaldehyde Thermoset Molding Compound Market, 2020-2030 (%)
Figure 18. Comparative Share Analysis of Melamine Formaldehyde Thermoset Molding Compound Market, 2020-2030 (%)
Figure 19. Comparative Share Analysis of Others Thermoset Molding Compound Market, 2020-2030 (%)
Figure 20. Thermoset Molding Compound Market, by End-user, 2020 (%)
Figure 21. Comparative Share Analysis of Automotive Thermoset Molding Compound Market, 2020-2030 (%)
Figure 22. Comparative Share Analysis of Aerospace Thermoset Molding Compound Market, 2020-2030 (%)
Figure 23. Comparative Share Analysis of Electrical and Electronics Thermoset Molding Compound Market, 2020-2030 (%)
Figure 24. Comparative Share Analysis of Others Thermoset Molding Compound Market, 2020-2030 (%)
Figure 25. Thermoset Molding Compound Market by Region, 2020
Figure 26. U.S. Thermoset Molding Compound Market, 2020-2030 ($Million)
Figure 27. Canada Thermoset Molding Compound Market, 2020-2030 ($Million)
Figure 28. Mexico Thermoset Molding Compound Market, 2020-2030 ($Million)
Figure 29. United Kingdom Thermoset Molding Compound Market, 2020-2030 ($Million)
Figure 30. Germany Thermoset Molding Compound Market, 2020-2030 ($Million)
Figure 31. France Thermoset Molding Compound Market, 2020-2030 ($Million)
Figure 32. Spain Thermoset Molding Compound Market, 2020-2030 ($Million)
Figure 33. Italy Thermoset Molding Compound Market, 2020-2030 ($Million)
Figure 34. Rest of Europe Thermoset Molding Compound Market, 2020-2030 ($Million)
Figure 35. China Thermoset Molding Compound Market, 2020-2030 ($Million)
Figure 36. Japan Thermoset Molding Compound Market, 2020-2030 ($Million)
Figure 37. South Korea Thermoset Molding Compound Market, 2020-2030 ($Million)
Figure 38. Rest of Asia-Pacific Thermoset Molding Compound Market, 2020-2030 ($Million)
Figure 39. Brazil Thermoset Molding Compound Market, 2020-2030 ($Million)
Figure 40. South Africa Thermoset Molding Compound Market, 2020-2030 ($Million)
Figure 41. Rest of LAMEA Thermoset Molding Compound Market, 2020-2030 ($Million)
Figure 42. Top Winning Strategies, by Year
Figure 43. Top Winning Strategies, by Development
Figure 44. Top Winning Strategies, by Company
Figure 45. Product Mapping of Top 10 Players
Figure 46. Competitive Dashboard
Figure 47. Competitive Heatmap of Top 10 Key Players
Figure 48. Ashland Global Holding Inc. Net Sales, ($Million)
Figure 49. BASF SE.: Net Sales, ($Million)
Figure 50. Eastman Chemical Company.: Net Sales, ($Million)
Figure 51. Evonik Industries AG.: Net Sales, ($Million)
Figure 52. Hexion Inc. Net Sales, ($Million)
Figure 53. Huntsman Corporation.: Net Sales, ($Million)
Figure 54. Kolon Industries Inc. Net Sales, ($Million)
Figure 55. Kyocera Chemical Corporation.: Net Sales, ($Million)
Figure 56. Plastics Engineering Company (Plenco).: Net Sales, ($Million)
Figure 57. Rogers Corporation.: Net Sales, ($Million)

Executive Summary

According to this report titled, 'Thermoset Molding Compound Market,' the thermoset molding compound market was valued at $9.8 billion in 2020, and is estimated to reach $18.0 billion by 2030, growing at a CAGR of 6.3% from 2021 to 2030.

Thermoset molding compounds, such as high-heat resistance, dimensional stability, and electrical insulation capability make them ideal material for several end-use applications. These are highly used in electrical & electronics applications owing to its toughness, resistance to several environmental factors, stability, and flame resistance. It delivers superior performance as compared to other substitute products, such as metals and thermoplastics as these are generally stronger than thermoplastics due to the polymer cross-linking and are better suited for high temperature applications.

The thermoset molding compound market is driven by increase in application in the electronic sector. It also provides anti-corrosive and heat resistance properties, which increases product life cycle and greater efficiency in electrical applications, which boost the market growth. Factors such as need for weight reduction in aerospace & transportation and rise in demand for thermally stable & corrosion resistance components drive the growth of thermoset molding compounds market. Thermosetting compounds offer significant advantages in preventing rust on car bodies and key mechanical components, thereby protecting service times, extending expected periods, and expanding implementation in the automotive sector, promoting the growth of the market in the future.

The rapid increase in population explosions and increase in investment in the electronics sector in developing countries drive the market growth. Increase in public awareness and purchasing power in both developed and developing countries drive the market growth globally. Phenolic resins for electrical components with high mechanical strength and heat resistance, which are ideal for electronic applications attract the attention of manufacturers. Volatile oil prices, regulatory challenges associated with these compounds, and fierce competition from various global giants can hinder the market development.

The outbreak of COVID19 disrupted the growth trajectory of the thermoset molding compound market. The crisis has imposed blockades, limiting the international movement of non-essential goods and resources, and ultimately delaying the manufacturing activities of various industries that create huge demand for thermosetting molding compounds.

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

The global thermoset molding compounds market mainly emphasizes on thermoset resins and its different types including phenolic resin, epoxy resin, polyester resin, urea formaldehyde resin, melamine formaldehyde resin, and others. Thermoset molding compound market analysis further includes the current market trends and future opportunities in several end-use industries such as automotive, aerospace, and electrical & electronics. The global thermoset molding compound market is analyzed based on four regions, which include North America, Europe, Asia-Pacific, and LAMEA. Amongst them, Asia-Pacific leads the global thermoset molding compound market in terms of value and volume. LAMEA is the fastest growing region owing to the rise in urbanization and growth in demand for lightweight materials in automotive industries.

The key players operating in the global Thermoset molding compound market are Ashland Global Holding Inc., BASF SE, Eastman Chemical Company, Evonik Industries AG, Hexion Inc., Huntsman Corporation, Kolon Industries Inc., Kyocera Chemical Corporation, Plastics Engineering Company (Plenco), and Rogers Corporation. Other major players in the market include Hitachi Chemical Company Ltd., Cosmic Plastics Inc., Chang Chun Plastics Co. Ltd., Saudi Basic Industries Corporation (SABIC), Nan Ya Plastics Corporation, Allnex Belgium S.A., Georgia-Pacific Chemicals LLC, Jiangsu Tianxin Chemical Co., Ltd., Mitsui Chemicals Inc., and Chemiplastica SPA are competing for the share of the market through product launch, joint venture, partnership, and expanding the production capabilities to meet the future demand for the thermoset molding compound market in the forecast period.

Key Findings of Study

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

IMPACT OF COVID-19 ON GLOBAL THERMOSET MOLDING COMPOUND MARKET

  • Emergence of COVID-19 had less impact on the growth of the global thermoset molding compound market during the pandemic outbreak period.
  • This impact is mostly attributed to significant disruptions in the raw material transportation, unavailability of labor, and shutdown of many manufacturing industries.
  • The decrease in demand for many non-essential products and shut down of manufacturing industries created a negative impact on the development of the global thermoset molding compound market.

Companies Mentioned

  • ASHLAND GLOBAL HOLDING INC.
  • BASF SE
  • EASTMAN CHEMICAL COMPANY
  • EVONIK INDUSTRIES AG
  • HEXION INC.
  • HUNTSMAN CORPORATION
  • KOLON INDUSTRIES INC.
  • KYOCERA CHEMICAL CORPORATION
  • PLASTICS ENGINEERING COMPANY (PLENCO)
  • ROGERS CORPORATION

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages206
PublishedApril 2022
Forecast Period2020 - 2030
Estimated Market Value ( USD ) in 2020 $ 9.8 billion
Forecasted Market Value ( USD ) by 2030 $ 18 billion
Compound Annual Growth Rate6.3%
Regions CoveredGlobal
No. of Companies Mentioned10

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