Thermoset Molding Compound Market Research Report—Global Forecast till 2030

Thermoset Molding Compound Market Research Report: Information by Type (Phenolic Resin, Epoxy Resin, Polyester Resin, Urea Formaldehyde, Melamine Formaldehyde, Others), End-User (Automotive, Aerospace, Electrical and Electronics, Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2030

ID: MRFR/CnM/9373-HCR | June 2022 | Region: Global | 100 Pages         

TABLE OF CONTENTS

1. EXECUTIVE SUMMARY

2. MARKET INTRODUCTION

2.1. Market Definition

2.2. Scope of the Study

2.2.1. Research Objectives

2.2.2. Assumptions & Limitations

2.3. Market Structure

3. MARKET RESEARCH METHODOLOGY

3.1. Research Process

3.2. Secondary Research

3.3. Primary Research

3.4. Forecast Model

4. MARKET LANDSCAPE

4.1. Supply Chain Analysis

4.1.1. Raw Material Suppliers

4.1.2. Manufacturers/Producers

4.1.3. Distributors, Retailers, and Wholesalers

4.1.4. Shapers

4.2. Porter’s Five Forces Analysis

4.2.1. Threat of New Entrants

4.2.2. Bargaining Power of Buyers

4.2.3. Bargaining Power of Suppliers

4.2.4. Threat of Substitutes

4.2.5. Internal Rivalry

4.3. Impact of Covid-19 on Global Thermoset Molding Compound Market

4.3.1. Impact on Production

4.3.2. Impact on Raw Material Availability

4.3.3. Impact on Store Vs Online Sales

4.3.4. Impact on Pricing

4.3.5. Others

5. MARKET DYNAMICS OF THE GLOBAL THERMOSET MOLDING COMPOUND MARKET

5.1. Introduction

5.2. Drivers

5.3. Restraints

5.4. Opportunities

5.5. Challenges

6. GLOBAL THERMOSET MOLDING COMPOUND MARKET, BY TYPE

6.1. Introduction

6.2. Phenolic Resin

6.2.1. Market Estimates & Forecast, 2020-2030

6.2.2. Market Estimates & Forecast, by Region, 2020-2030

6.3. Epoxy Resin

6.3.1. Market Estimates & Forecast, 2020-2030

Market Estimates & Forecast, by Region, 2020-2030

6.4. Polyester Resin

6.4.1. Market Estimates & Forecast, 2020-2030

6.4.2. Market Estimates & Forecast, by Region, 2020-2030

6.5. Urea Formaldehyde

6.5.1. Market Estimates & Forecast, 2020-2030

6.5.2. Market Estimates & Forecast, by Region, 2020-2030

6.6. Melamine Formaldehyde

6.6.1. Market Estimates & Forecast, 2020-2030

6.6.2. Market Estimates & Forecast, by Region, 2020-2030

6.7. Others

6.7.1. Market Estimates & Forecast, 2020-2030

6.7.2. Market Estimates & Forecast, by Region, 2020-2030

7. GLOBAL THERMOSET MOLDING COMPOUND MARKET, BY END USER

7.1. Introduction

7.2. Automotive

7.2.1. Market Estimates & Forecast, 2020-2030

7.2.2. Market Estimates & Forecast, by Region, 2020-2030

7.3. Aerospace

7.3.1. Market Estimates & Forecast, 2020-2030

7.3.2. Market Estimates & Forecast, by Region, 2020-2030

7.4. Electrical and Electronics

7.4.1. Market Estimates & Forecast, 2020-2030

7.4.2. Market Estimates & Forecast, by Region, 2020-2030

7.5. Others

7.5.1. Market Estimates & Forecast, 2020-2030

7.5.2. Market Estimates & Forecast, by Region, 2020-2030

8. GLOBAL THERMOSET MOLDING COMPOUND MARKET, BY REGION

8.1. Introduction

8.2. North America

8.2.1. Market Estimates & Forecast, 2020-2030

8.2.2. Market Estimates & Forecast, by Type, 2020-2030

8.2.3. Market Estimates & Forecast, by End User, 2020-2030

8.2.4. Market Estimates & Forecast, by Country, 2020-2030

8.2.5. US

8.2.5.1. Market Estimates & Forecast, by TYPE, 2020-2030

8.2.5.2. Market Estimates & Forecast, by End User, 2020-2030

8.2.6. Canada

8.2.6.1. Market Estimates & Forecast, by TYPE, 2020-2030

8.2.6.2. Market Estimates & Forecast, by End User, 2020-2030

8.2.7. Mexico

8.2.7.1. Market Estimates & Forecast, by TYPE, 2020-2030

8.2.7.2. Merket Estimates & Forecast, by End User, 2020-2030

8.3. Europe

8.3.1. Market Estimates & Forecast, 2020-2030

8.3.2. Market Estimates & Forecast, by TYPE, 2020-2030

8.3.3. Market Estimates & Forecast, by End User, 2020-2030

8.3.4. Germany

8.3.4.1. Market Estimates & Forecast, by TYPE, 2020-2030

8.3.4.2. Market Estimates & Forecast, by End User, 2020-2030

8.3.5. UK

8.3.5.1. Market Estimates & Forecast, by TYPE, 2020-2030

8.3.5.2. Market Estimates & Forecast, by End User, 2020-2030

8.3.6. France

8.3.6.1. Market Estimates & Forecast, by TYPE, 2020-2030

8.3.6.2. Market Estimates & Forecast, by End User, 2020-2030

8.3.7. Spain

8.3.7.1. Market Estimates & Forecast, by TYPE, 2020-2030

8.3.7.2. Market Estimates & Forecast, by End User, 2020-2030

8.3.8. Italy

8.3.8.1. Market Estimates & Forecast, by TYPE, 2020-2030

8.3.8.2. Market Estimates & Forecast, by End User, 2020-2030

8.3.9. Rest of Europe

8.3.9.1. Market Estimates & Forecast, by TYPE, 2020-2030

8.3.9.2. Market Estimates & Forecast, by End User, 2020-2030

8.4. Asia-Pacific

8.4.1. Market Estimates & Forecast, 2020-2030

8.4.2. Market Estimates & Forecast, by TYPE, 2020-2030

8.4.3. Market Estimates & Forecast, by End User, 2020-2030

8.4.4. Market Estimates & Forecast, by Country, 2020-2030

8.4.5. China

8.4.5.1. Market Estimates & Forecast, by TYPE, 2020-2030

8.4.5.2. Market Estimates & Forecast, by End User, 2020-2030

8.4.6. Japan

8.4.6.1. Market Estimates & Forecast, by TYPE, 2020-2030

8.4.6.2. Market Estimates & Forecast, by End User, 2020-2030

8.4.7. India

8.4.7.1. Market Estimates & Forecast, by TYPE, 2020-2030

8.4.7.2. Market Estimates & Forecast, by End User, 2020-2030

8.4.8. Australia & New Zealand

8.4.8.1. Market Estimates & Forecast, by TYPE, 2020-2030

8.4.8.2. Market Estimates & Forecast, by End User, 2020-2030

8.4.9. Rest of Asia-Pacific

8.4.9.1. Market Estimates & Forecast, by TYPE, 2020-2030

8.4.9.2. Market Estimates & Forecast, by End User, 2020-2030

8.5. Rest of the World

8.5.1. Market Estimates & Forecast, 2020-2030

8.5.2. Market Estimates & Forecast, by TYPE, 2020-2030

8.5.3. Market Estimates & Forecast, by End User, 2020-2030

8.5.4. Market Estimates & Forecast, by Region, 2020-2030

8.5.5. South America

8.5.5.1. Market Estimates & Forecast, by TYPE, 2020-2030

8.5.5.2. Market Estimates & Forecast, by End User, 2020-2030

8.5.6. Middle East

8.5.6.1. Market Estimates & Forecast, by TYPE, 2020-2030

8.5.6.2. Market Estimates & Forecast, by End User, 2020-2030

8.5.7. Africa

8.5.7.1. Market Estimates & Forecast, by TYPE, 2020-2030

8.5.7.2. Market Estimates & Forecast, by End User, 2020-2030

9. COMPETITIVE LANDSCAPE

9.1. Introduction

9.2. Market Strategy

9.3. Key Development Analysis

(Expansions/Mergers & Acquisitions/Joint Ventures/New Service Developments/Agreements/Investments)

10. COMPANY PROFILES

10.1. ASHLAND GLOBAL HOLDING INC

10.1.1. Company Overview

10.1.2. Financial Updates

10.1.3. Business Segment Overview

10.1.4. Strategies

10.1.5. Key Developments

10.1.6. SWOT Analysis

10.2. BASF

10.2.1. Company Overview

10.2.2. Financial Updates

10.2.3. Business Segment Overview

10.2.4. Strategies

10.2.5. Key Developments

10.2.6. SWOT Analysis

10.3. EASTMAN CHEMICAL COMPANY

10.3.1. Company Overview

10.3.2. Financial Updates

10.3.3. Business Segment Overview

10.3.4. Strategies

10.3.5. Key Developments

10.3.6. SWOT Analysis

10.4. EVONIK INDUSTRIES

10.4.1. Company Overview

10.4.2. Financial Updates

10.4.3. Business Segment Overview

10.4.4. Strategies

10.4.5. Key Developments

10.4.6. SWOT Analysis

10.5. HEXION INC.

10.5.1. Company Overview

10.5.2. Financial Updates

10.5.3. Business Segment Overview

10.5.4. Strategies

10.5.5. Key Developments

10.5.6. SWOT Analysis

10.6. HUNTSMAN CORPORATION

10.6.1. Company Overview

10.6.2. Financial Updates

10.6.3. Business Segment Overview

10.6.4. Strategies

10.6.5. Key Developments

10.6.6. SWOT Analysis

10.7. KOLON INDUSTRIES INC

10.7.1. Company Overview

10.7.2. Financial Updates

10.7.3. Business Segment Overview

10.7.4. Strategies

10.7.5. Key Developments

10.7.6. SWOT Analysis

10.8. KYOCERA CHEMICAL CORPORATION

10.8.1. Company Overview

10.8.2. Financial Updates

10.8.3. Business Segment Overview

10.8.4. Strategies

10.8.5. Key Developments

10.8.6. SWOT Analysis

10.9. PLASTICS ENGINEERING COMPANY (PLENCO)

10.9.1. Company Overview

10.9.2. Financial Updates

10.9.3. Business Segment Overview

10.9.4. Strategies

10.9.5. Key Developments

10.9.6. SWOT Analysis

10.10. ROGERS CORPORATION

10.10.1. Company Overview

10.10.2. Financial Updates

10.10.3. Business Segment Overview

10.10.4. Strategies

10.10.5. Key Developments

10.10.6. SWOT Analysis

11. CONCLUSION

LIST OF TABLES

TABLE 1 Global Thermoset Molding Compound Market, by Region, 2020-2030 (USD Million)

TABLE 2 Global Thermoset Molding Compound Market, by TYPE, 2020-2030 (USD Million)

TABLE 3 Global Thermoset Molding Compound Market, by End User, 2020-2030 (USD Million)

TABLE 4 North America: Thermoset Molding Compound Market, by Country, 2020-2030 (USD Million)

TABLE 5 North America: Thermoset Molding Compound Market, by TYPE, 2020-2030 (USD Million)

TABLE 6 North America: Thermoset Molding Compound Market, by End User, 2020-2030 (USD Million)

TABLE 7 US: Thermoset Molding Compound Market, by TYPE, 2020-2030 (USD Million)

TABLE 8 US: Thermoset Molding Compound Market, by End User, 2020-2030 (USD Million)

TABLE 9 Canada: Thermoset Molding Compound Market, by TYPE, 2020-2030 (USD Million)

TABLE 10 Canada: Thermoset Molding Compound Market, by End User, 2020-2030 (USD Million)

TABLE 11 Mexico: Thermoset Molding Compound Market, by TYPE, 2020-2030 (USD Million)

TABLE 12 Mexico: Thermoset Molding Compound Market, by End User, 2020-2030 (USD Million)

TABLE 13 Europe: Thermoset Molding Compound Market, by Country, 2020-2030 (USD Million)

TABLE 14 Europe: Thermoset Molding Compound Market, by TYPE, 2020-2030 (USD Million)

TABLE 15 Europe: Thermoset Molding Compound Market, by End User, 2020-2030 (USD Million)

TABLE 16 Germany: Thermoset Molding Compound Market, by TYPE, 2020-2030 (USD Million)

TABLE 17 Germany: Thermoset Molding Compound Market, by End User, 2020-2030 (USD Million)

TABLE 18 France: Thermoset Molding Compound Market, by TYPE, 2020-2030 (USD Million)

TABLE 19 France: Thermoset Molding Compound Market, by End User, 2020-2030 (USD Million)

TABLE 20 Italy: Thermoset Molding Compound Market, by TYPE, 2020-2030 (USD Million)

TABLE 21 Italy: Thermoset Molding Compound Market, by End User, 2020-2030 (USD Million)\

TABLE 22 Spain: Thermoset Molding Compound Market, by TYPE, 2020-2030 (USD Million)

TABLE 23 Spain: Thermoset Molding Compound Market, by End User, 2020-2030 (USD Million)

TABLE 24 UK: Thermoset Molding Compound Market, by TYPE, 2020-2030 (USD Million)

TABLE 25 UK: Thermoset Molding Compound Market, by End User, 2020-2030 (USD Million)

TABLE 26 Rest of Europe: Thermoset Molding Compound Market, by TYPE, 2020-2030 (USD Million)

TABLE 27 Rest of Europe: Thermoset Molding Compound Market, by End User, 2020-2030 (USD Million)

TABLE 28 Asia-Pacific: Thermoset Molding Compound Market, by Country, 2020-2030 (USD Million)

TABLE 29 Asia-Pacific: Thermoset Molding Compound Market, by TYPE, 2020-2030 (USD Million)

TABLE 30 Asia-Pacific: Thermoset Molding Compound Market, by End User, 2020-2030 (USD Million)

TABLE 31 Asia-Pacific: Thermoset Molding Compound Market, by Distribution Channel, 2020-2030 (USD Million)

TABLE 32 China: Thermoset Molding Compound Market, by TYPE, 2020-2030 (USD Million)

TABLE 33 China: Thermoset Molding Compound Market, by End User, 2020-2030 (USD Million)

TABLE 34 India: Thermoset Molding Compound Market, by TYPE, 2020-2030 (USD Million)

TABLE 35 India: Thermoset Molding Compound Market, by End User, 2020-2030 (USD Million)

TABLE 36 Japan: Thermoset Molding Compound Market, by TYPE, 2020-2030 (USD Million)

TABLE 37 Japan: Thermoset Molding Compound Market, by End User, 2020-2030 (USD Million)

TABLE 38 Australia & New Zealand: Thermoset Molding Compound Market, by TYPE, 2020-2030 (USD Million)

TABLE 39 Australia & New Zealand: Thermoset Molding Compound Market, by End User, 2020-2030 (USD Million)

TABLE 40 Rest of Asia-Pacific: Thermoset Molding Compound Market, by TYPE, 2020-2030 (USD Million)

TABLE 41 Rest of Asia-Pacific: Thermoset Molding Compound Market, by End User, 2020-2030 (USD Million)

TABLE 42 Rest of the World (RoW): Thermoset Molding Compound Market, by Region, 2020-2030 (USD Million)

TABLE 43 Rest of the World (RoW): Thermoset Molding Compound Market, by TYPE, 2020-2030 (USD Million)

TABLE 44 Rest of the World (RoW): Thermoset Molding Compound Market, by End User, 2020-2030 (USD Million)

TABLE 45 South America: Thermoset Molding Compound Market, by TYPE, 2020-2030 (USD Million)

TABLE 46 South America: Thermoset Molding Compound Market, by End User, 2020-2030 (USD Million)

TABLE 47 Middle East: Thermoset Molding Compound Market, by TYPE, 2020-2030 (USD Million)

TABLE 48 Middle East: Thermoset Molding Compound Market, by End User, 2020-2030 (USD Million)

TABLE 49 Africa: Thermoset Molding Compound Market, by TYPE, 2020-2030 (USD Million)

TABLE 50 Africa: Thermoset Molding Compound Market, by End User, 2020-2030 (USD Million)

LIST OF FIGURES

FIGURE 1 Global Thermoset Molding Compound Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Five Forces Analysis of the Global Thermoset Molding Compound Market

FIGURE 4 Value Chain of the Global Thermoset Molding Compound Market

FIGURE 5 Share of the Global Thermoset Molding Compound Market in 2021, by Country (%)

FIGURE 6 Global Thermoset Molding Compound Market, by Region, 2020-2030,

FIGURE 7 Global Thermoset Molding Compound Market Share, by TYPE, 2021 (%)

FIGURE 8 Global Thermoset Molding Compound Market, by TYPE, 2020-2030

FIGURE 7 Global Thermoset Molding Compound Market Share, by End User, 2021 (%)

FIGURE 8 Global Thermoset Molding Compound Market, by End User, 2020-2030

FIGURE 7 Global Thermoset Molding Compound Market Share, by Shape, 2021 (%)

FIGURE 8 Global Thermoset Molding Compound Market, by Shape, 2020-2030

FIGURE 7 Global Thermoset Molding Compound Market Share, by Distribution Channel, 2021 (%)

FIGURE 8 Global Thermoset Molding Compound Market, by Distribution Channel, 2020-2030

Thermoset Molding Compound Market Overview


The global Thermoset Molding Compound market size is projected to reach approximately $19.5 Billion by 2030, at a CAGR of 6.84% from 2021 to 2030. Thermoset molding is an inevitable molding method that involves pushing flexible plastic forms into a heated mold and shaping them into their final form. Precursors are given to the base compound to stimulate chemical processes at the molecular scale, resulting in a more intricate, irreversible final structure. Thermoset materials are typically more durable than thermoplastics. Thermoset polymers cannot be remelted; instead, they must be ground and used as a substitute for a variety of purposes. Epoxy molding compounds are employed in a wide range of electrical and automotive applications due to their superior electrochemical properties. The molded part is made from a melting low-molecular-weight, a low-viscous substance that has been functionalized by a chemical process inside the mold.


COVID-19 Impact Analysis


COVID-19 had a significant impact on the global economy and has devastated trade, which not only had a negative impact on the supply chains of businesses, households, and financial institutions but also on industrial establishments and infrastructure companies. International trade restrictions and regulatory changes in the chemicals industry, which will limit demand in the short term, will have a considerable effect on the market.


As a result of the COVID-19 epidemic, the molding industry is being compelled to shut down or curtail production operations for non-essential applications. The thermoset molding compound market has also experienced a slowdown as a result of this pandemic.


Market Dynamics


The market is being driven by an increase in electronic sector applications. Thermoset molding compounds have anti-corrosive and heat-resistant qualities, which extend the product life cycle and improve efficiency in electrical applications. They also save weight, which drives the market. High competition and high investment costs among the global heavyweights, on the other hand, are expected to hinder the market growth.


Drivers



  • Weight saving advantage for various industries


The thermoset molding compound is a high-performance raw material with applications in a variety of industries, including automotive, infrastructure, aerospace, and wind energy. Because it can survive the severe stress of extreme environments, it is a good product for these sectors. Traditional thermosets are being replaced by thermoset molding compounds, which are a new form of resin. Thermosets have been around for a long time, but they need a lot of energy and are heavier than the alternatives. Thermoset molding compounds are formed of plastics that can be heated or cooled to produce items like cups, containers, and cookware. These novel compounds have a smaller environmental impact because they don't require as much energy and weigh less than old thermosets, which is driving the market's growth.


Restraint:



  • High Investment Costs


A thermoset molding compound is a form of plastic that is molded into the required shape after being polymerized (hardened) in a mold. Cosmetic parts, furniture, insulation, sporting equipment, electrical components, and other items are made from this sort of plastic. The cost of creating TMCs has risen in tandem with the advancement of technology. The market for TMCs has risen as a result of this. The market's expansion will be hindered by factors such as high investment costs and a limited range of applications for these materials.


Opportunity:



  • Technological Advancements in the thermoset molding compound market 


Many industries to be revolutionized by the IoT will be manufacturing, which had experienced changes in its processes, go-to-market strategies, and supply chain operations. The Thermoset Molding Compound market has experienced several technological advancements in recent years such as the introduction of a smart thermoset molding compound (SMTC) will lead to a more intelligent and connected supply chain. Manufacturers and suppliers will have real-time access to important data and insights and will be able to make highly informed decisions about their products, pricing, and delivery options.


Segment Overview


By Type


Based on Type, the global thermoset molding compound market has been divided into epoxy resin, phenolic resin, polyester resin, urea-formaldehyde, melamine-formaldehyde, and others. The global market for thermosetting molding compounds is dominated by the phenolic resin segment. Because of their increased qualities, such as strong heat resistance, high moldability, mechanical strength, low smoke toxicity, and ability to combine with polymers, they are becoming more used in a variety of industries. It is commonly utilized in vehicle parts and electric switches due to its great heat resistance.


By End-User


Based on End-User, the global thermoset molding compound market has been divided into aerospace, automotive, electrical & electronics, and others. The global thermoset molding compound market is dominated by the automotive industry. Automobiles or motors can be classified based on their fuel type, which includes gasoline, diesel, electric, and a variety of hybrid or alternative gasoline motors that include ethanol and combined electric motor-warmth engine drives.


Global Thermoset Molding Compound Market Share, by Region, 2021 (%)
Global Thermoset Molding Compound Market Share, by Region, 2021 (%)
Regional Analysis


By region, the global Thermoset Molding Compound market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific accounted for the largest market share. North America is projected to exhibit the highest CAGR during the review period.


Asia-Pacific Market


Asia-Pacific is the largest market in 2021 and is expected to experience a decent growth rate during the forecast period in the global Thermoset Molding Compound market. The region includes China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific, which accounts for the majority of the thermoset molding compound market. During the projected period, China and India are expected to lead the market for thermoset molding compounds. Furthermore, the ruling governments of India and China are projected to contribute significantly to the expansion of the thermoset molding compounds market through their efforts to construct smart cities and modern infrastructure.


North America Market


North America is expected to experience the highest CAGR during the forecast period in the global Thermoset Molding Compound market. In the North American region, the US holds the largest market share due to the upward trend in the demand for thermoset molding compounds owing to the increasing demand for composite materials and rising investments in the infrastructure and construction industry will drive the market growth.


Competitive Landscape


Tier-1, tier-2, and local players compete in the market. Tier-1 and tier-2 players have a global footprint and varied product ranges. Due to product differentiation, financial stability, strategic advancements, and a diverse regional presence, companies such as BASF, Eastman Chemical Company, Evonik Industries, and Kolon Industries Inc dominate the global thermoset molding compound market. The players are concentrating their efforts on research and development. They also use strategic growth activities including product launches, expansion, joint ventures, and collaboration to boost their market position and attract a big consumer base.


Prominent players in the global Thermoset Molding Compound market include Ashland Global Holding Inc, BASF, Eastman chemical company, Evonik industries, Hexion Inc, Huntsman Corporation, Kolon Industries Inc, Kyocera chemical corporation, Plastics engineering company (Plenco), Rogers Corporation.


In March 2021, BASF announced a collaboration with Sumitomo (SHI) Demag to develop a new high-performance polymer manufacturing cell, the first all-electric fully automated injection molding cell.


On 16 April 2020: Evonik announced the completion of its polyamide plant expansion in Marl. The compound also has excellent UV resistance, uses very little water, has great structural correctness, and combines quality and performance with excellent parameter estimation. The goal of this expansion was to increase output and hence expand the company's product offers around the world.


Scope of the Report


Global Thermoset Molding Compound Market, by Type



  • Phenolic Resin

  • Epoxy Resin

  • Polyester Resin

  • Urea Formaldehyde

  • Melamine Formaldehyde

  • Others


Global Thermoset Molding Compound Market, by End User 



  • Automotive

  • Aerospace

  • Electrical and Electronics

  • Others


Global Thermoset Molding Compound Market, by Region



  • North America

    • US

    • Canada

    • Mexico



  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia and New Zealand

    • Rest of Asia-Pacific



  • Rest of the World

    • South America

    • Middle East

    • Africa




Objectives of the Study


The objectives of the study are summarized in 5 stages. They are as mentioned below:


Market Size and Forecast:


To identify and estimate the market size for the global Thermoset Molding Compound market segmented by type, end-user by value (in US dollars). Also, to understand the consumption/ demand created by consumers of Thermoset Molding Compound from 2021 to 2030


Market Landscape and Trends:


To identify and infer, the drivers, restraints, opportunities, and challenges for the global Thermoset Molding Compound market


Market Influencing Factors:


To find out the factors which are affecting the sales of Thermoset Molding Compound among consumers


Impact of COVID-19:


To identify and understand the various factors involved in the global Thermoset Molding Compound market affected by the pandemic


Company Profiling:


To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.


Intended Audience



  • Thermoset Molding Compound Producers

  • Raw Material Suppliers

  • Retailers, Wholesalers, and Distributors

  • Governments, Associations, and Industrial Bodies

  • Investors and Trade Experts



Report Scope:
Report Attribute/Metric Details
  Market Size   â€¢ 2030: USD 19.5 billion
  CAGR   â€¢ 6.84% CAGR (2021-2030)
  Base Year   â€¢ 2021
  Forecast Period   â€¢ 2022-2030
  Historical Data   â€¢ 2020
  Forecast Units   â€¢ Value (USD Million)
  Report Coverage   â€¢ Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   â€¢ Type, End-User
  Geographies Covered   â€¢ North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   â€¢ Ashland Global Holding Inc, BASF, Eastman chemical company, Evonik industries, Hexion Inc, Huntsman Corporation, Kolon Industries Inc, Kyocera chemical corporation, Plastics engineering company (Plenco), Rogers Corporation
  Key Market Opportunities   â€¢ Technological Advancements in The Thermoset Molding Compound Market
  Key Market Drivers   â€¢ Weight saving advantage for various industries


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Frequently Asked Questions (FAQ) :

The study period of the global Thermoset Molding Compound market is 2020 - 2030

The global Thermoset Molding Compound market is growing at a CAGR of ~ 6.84% over the next 10 years

North America is expected to register the highest CAGR during 2021 - 2030

BASF, Eastman Chemical Company, Evonik Industries, and Kolon Industries Inc are the major companies operating in the global thermoset molding compound market.