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US Thermoset Molding Compound Market

ID: MRFR/CnM/15848-HCR
111 Pages
Chitranshi Jaiswal
October 2025

US Thermoset Molding Compound Market Research Report: By Type (Phenolic Resin, Epoxy Resin, Polyester Resin, Urea Formaldehyde, Melamine Formaldehyde, Others) and By End User (Automotive, Aerospace, Electrical and Electronics, Others) - Forecast to 2035

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US Thermoset Molding Compound Market Infographic
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US Thermoset Molding Compound Market Summary

As per Market Research Future analysis, the US thermoset molding-compound market size was estimated at 2042.25 $ Million in 2024. The US thermoset molding-compound market is projected to grow from 2279.15 $ Million in 2025 to 6829.95 $ Million by 2035, exhibiting a compound annual growth rate (CAGR) of 11% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The US thermoset molding-compound market is poised for growth driven by technological advancements and increasing demand across various sectors.

  • The automotive sector represents the largest segment, reflecting a robust demand for thermoset materials in vehicle manufacturing.
  • Sustainable materials are gaining traction, indicating a shift towards eco-friendly solutions in thermoset applications.
  • Technological innovations in production processes are enhancing efficiency and product quality, contributing to market expansion.
  • Rising demand in electrical and electronics, along with growth in aerospace applications, are key drivers propelling the market forward.

Market Size & Forecast

2024 Market Size 2042.25 (USD Million)
2035 Market Size 6829.95 (USD Million)
CAGR (2025 - 2035) 11.6%

Major Players

BASF SE (DE), Hexion Inc. (US), Huntsman Corporation (US), Mitsubishi Chemical Corporation (JP), SABIC (SA), DuPont de Nemours Inc. (US), Momentive Performance Materials Inc. (US), Ashland Global Holdings Inc. (US)

US Thermoset Molding Compound Market Trends

The thermoset molding-compound market is currently experiencing notable developments driven by advancements in material science and increasing demand across various industries. The versatility of thermoset materials, characterized by their durability and resistance to heat, is becoming increasingly appealing to manufacturers. This market is particularly influenced by the automotive and aerospace sectors, where lightweight and high-performance materials are essential. As these industries evolve, the need for innovative solutions that thermoset molding compounds provide is likely to grow, suggesting a positive trajectory for market expansion. Moreover, sustainability concerns are prompting manufacturers to explore eco-friendly alternatives within the thermoset molding-compound market. The shift towards greener production processes and materials is becoming a priority, as companies aim to reduce their environmental footprint. This trend may lead to the development of bio-based thermoset compounds, which could potentially reshape the market landscape. As the industry adapts to these changes, it appears that the thermoset molding-compound market is poised for growth, driven by both technological advancements and a commitment to sustainability.

Increased Demand in Automotive Applications

The automotive sector is witnessing a surge in the utilization of thermoset molding compounds due to their lightweight properties and superior performance. These materials are essential for manufacturing components that require high strength and thermal stability, which are critical in modern vehicle design.

Focus on Sustainable Materials

There is a growing emphasis on sustainability within the thermoset molding-compound market. Manufacturers are increasingly exploring bio-based and recyclable materials, aiming to meet environmental regulations and consumer preferences for greener products.

Technological Innovations in Production

Advancements in production technologies are enhancing the efficiency and capabilities of thermoset molding compounds. Innovations such as improved curing processes and enhanced formulations are likely to expand the application range and performance characteristics of these materials.

Market Segment Insights

By Type: Epoxy Resin (Largest) vs. Polyester Resin (Fastest-Growing)

The US thermoset molding-compound market exhibits a diverse product segmentation, with epoxy resin commanding the largest share. This segment benefits from its exceptional mechanical properties, such as high strength and superior durability, making it a preferred choice in various applications, including automotive and aerospace industries. Following epoxy, polyester resin holds a growing position, appealing to sectors seeking cost-effective solutions with reasonable performance characteristics. In current market dynamics, the demand for epoxy resin is primarily driven by advancements in technologies that enhance its application capabilities. Conversely, polyester resin is gaining traction due to its versatility and cost advantages. As industries shift towards sustainable practices, innovative formulations in resin production are expected, further boosting the market landscape for both epoxy and polyester resin segments.

Epoxy Resin: Dominant vs. Polyester Resin: Emerging

Epoxy resin stands as the dominant force within the US thermoset molding-compound market, characterized by its unparalleled adhesion and resistance to environmental factors, which elevate its usage in demanding applications. Industries value its ability to endure harsh conditions, which is critical for automotive and industrial components. Meanwhile, polyester resin emerges as an appealing alternative, combining affordability with a wide range of application possibilities. Its lightweight properties and ease of processing make it suitable for a variety of markets, including consumer goods and construction. As end-users increasingly prioritize cost-effective solutions without compromising quality, polyester resin's market presence continues to expand.

By End-User: Automotive (Largest) vs. Aerospace (Fastest-Growing)

The US thermoset molding-compound market exhibits a diverse distribution of end-user applications, with the automotive sector holding the largest share. This segment benefits from the growing demand for lightweight, durable materials in vehicle manufacturing. Following closely, aerospace is emerging as a significant segment, reflecting the increasing adoption of thermoset materials for their excellent mechanical properties and heat resistance. Electrical & electronics, while important, contributes a smaller share comparatively, with the 'others' category encompassing various industries that rely on specialized molding compounds. The growth trends within the US thermoset molding-compound market are largely driven by innovation in material formulations and the increasing application of composite materials across various sectors. The automotive industry is spearheading this growth, propelled by regulatory efforts to reduce vehicle weight for improved efficiency. On the other hand, the aerospace sector is witnessing rapid advancements and investments in thermoset solutions that cater to demanding performance requirements, indicating its status as the fastest-growing end-user segment in the market.

Automotive: Dominant vs. Aerospace: Emerging

In the US thermoset molding-compound market, the automotive segment stands as the dominant player due to its extensive utilization of these materials for components such as dashboards, body panels, and structural reinforcements. Thermosets provide the necessary robustness and thermal stability required in automotive applications. Conversely, aerospace is emerging as a vital segment, capitalizing on thermoset's strength-to-weight ratio and longevity, essential for high-performance aircraft. This segment is rapidly evolving as manufacturers seek lightweight and durable alternatives to traditional materials, thus presenting substantial growth opportunities. The demand for advanced thermoset composites in the aerospace sector is driven by stringent performance and safety standards, fostering innovation and adaptation in material technologies.

Get more detailed insights about US Thermoset Molding Compound Market

Key Players and Competitive Insights

The thermoset molding-compound market is characterized by a dynamic competitive landscape, driven by innovation, sustainability, and strategic partnerships. Key players such as Hexion Inc. (US), DuPont de Nemours Inc. (US), and Huntsman Corporation (US) are actively shaping the market through their distinct operational focuses. Hexion Inc. (US) emphasizes innovation in resin technology, aiming to enhance performance and reduce environmental impact. DuPont de Nemours Inc. (US) is strategically positioned towards expanding its product portfolio, particularly in high-performance thermosets, while Huntsman Corporation (US) focuses on sustainability initiatives, integrating eco-friendly practices into its manufacturing processes. Collectively, these strategies contribute to a competitive environment that prioritizes technological advancement and environmental responsibility.

In terms of business tactics, companies are increasingly localizing manufacturing to reduce lead times and optimize supply chains. The market structure appears moderately fragmented, with several key players exerting influence over specific segments. This fragmentation allows for niche players to thrive, while larger corporations leverage their resources to maintain competitive advantages. The collective influence of these key players fosters a competitive atmosphere where innovation and sustainability are paramount.

In October 2025, Hexion Inc. (US) announced a partnership with a leading automotive manufacturer to develop advanced thermoset composites aimed at enhancing vehicle performance and reducing weight. This strategic move underscores Hexion's commitment to innovation and positions the company favorably within the automotive sector, which increasingly demands lightweight and high-performance materials. Such collaborations are likely to enhance Hexion's market share and reinforce its reputation as a leader in thermoset technology.

In September 2025, DuPont de Nemours Inc. (US) launched a new line of thermoset resins designed specifically for the aerospace industry, focusing on high-temperature applications. This initiative not only expands DuPont's product offerings but also aligns with the growing demand for advanced materials in aerospace, suggesting a strategic pivot towards high-value markets. The introduction of these specialized products may significantly bolster DuPont's competitive positioning in the thermoset sector.

In August 2025, Huntsman Corporation (US) unveiled a sustainability initiative aimed at reducing carbon emissions in its manufacturing processes by 30% by 2030. This ambitious goal reflects Huntsman's proactive approach to environmental stewardship and positions the company as a responsible player in the thermoset molding-compound market. Such initiatives are likely to resonate with environmentally conscious consumers and businesses, potentially enhancing Huntsman's market appeal.

As of November 2025, current trends in the thermoset molding-compound market indicate a strong shift towards digitalization, sustainability, and the integration of AI technologies. Strategic alliances are increasingly shaping the competitive landscape, allowing companies to pool resources and expertise to drive innovation. The competitive differentiation appears to be evolving from traditional price-based competition towards a focus on technological advancements, supply chain reliability, and sustainable practices. This shift suggests that companies that prioritize innovation and sustainability will likely emerge as leaders in the market.

Key Companies in the US Thermoset Molding Compound Market market include

Industry Developments

Recent developments in the US Thermoset Molding Compound Market show a bright trajectory marked by advancements and strategic movements among key players. As of August 2023, BASF launched a new line of thermoset materials tailored for electric vehicle applications, enhancing performance and sustainability.

Companies like Momentive Performance Materials are also expanding their product offerings to meet increasing demand in sectors such as aerospace and automotive. In terms of mergers and acquisitions, Hexion announced in July 2023 its acquisition of a specialty resin manufacturer aimed at bolstering its position in the thermoset market.

The market has exhibited substantial growth, reflected by Royal DSM's reported revenue increase of 12% in Q2 2023, indicating a thriving demand for thermoset solutions in various industries. Furthermore, Huntsman continues to invest in Research and Development, encouraging innovation and sustainability in their thermoset product range.

Notably, the US government has been promoting eco-friendly materials, driving further interest and investment into this sector. Over the past few years, significant engagements have reshaped the landscape, with companies continuously adapting to meet the evolving needs of industries relying on thermoset molding compounds.

Future Outlook

US Thermoset Molding Compound Market Future Outlook

The thermoset molding-compound market is projected to grow at 11.6% CAGR from 2024 to 2035, driven by increasing demand in automotive, aerospace, and electronics sectors.

New opportunities lie in:

  • Development of bio-based thermoset compounds for sustainable applications.
  • Expansion into high-performance composites for aerospace components.
  • Investment in automated production technologies to enhance efficiency and reduce costs.

By 2035, the thermoset molding-compound market is expected to achieve substantial growth and innovation.

Market Segmentation

US Thermoset Molding Compound Market Type Outlook

  • epoxy resin
  • phenolic resin
  • polyester resin
  • urea-formaldehyde
  • melamine-formaldehyde
  • others

US Thermoset Molding Compound Market End-User Outlook

  • aerospace
  • automotive
  • electrical & electronics
  • others

Report Scope

MARKET SIZE 20242042.25(USD Million)
MARKET SIZE 20252279.15(USD Million)
MARKET SIZE 20356829.95(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)11.6% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies Profiled["BASF SE (DE)", "Hexion Inc. (US)", "Huntsman Corporation (US)", "Mitsubishi Chemical Corporation (JP)", "SABIC (SA)", "DuPont de Nemours Inc. (US)", "Momentive Performance Materials Inc. (US)", "Ashland Global Holdings Inc. (US)"]
Segments CoveredType, End-User
Key Market OpportunitiesGrowing demand for lightweight, durable materials in automotive and aerospace applications presents opportunities in the thermoset molding-compound market.
Key Market DynamicsRising demand for lightweight materials drives innovation in thermoset molding-compound applications across various industries.
Countries CoveredUS

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FAQs

What is the expected market size of the US Thermoset Molding Compound Market in 2024?

The US Thermoset Molding Compound Market is expected to be valued at 1.95 billion USD in 2024.

What is the projected market value of the US Thermoset Molding Compound Market by 2035?

By 2035, the market is projected to reach a valuation of 4.15 billion USD.

What is the expected compound annual growth rate (CAGR) for the US Thermoset Molding Compound Market from 2025 to 2035?

The expected CAGR for the market from 2025 to 2035 is 7.107%.

Which type of thermoset resin is expected to dominate the market by 2035?

By 2035, Epoxy Resin is expected to dominate the market with a value of 1.1 billion USD.

What are the expected market values for Phenolic Resin and Polyester Resin in 2035?

Phenolic Resin is expected to reach 0.95 billion USD and Polyester Resin is expected to reach 0.75 billion USD by 2035.

Who are the key players in the US Thermoset Molding Compound Market?

Key players include Momentive Performance Materials, BASF, and Huntsman among others.

What is the expected value of the Urea Formaldehyde market segment in 2024?

The Urea Formaldehyde segment is expected to be valued at 0.3 billion USD in 2024.

What challenges could impact the growth of the US Thermoset Molding Compound Market?

Market growth could be impacted by competition among major players and fluctuating raw material costs.

What growth opportunities exist in the US Thermoset Molding Compound Market?

There are opportunities in emerging applications and advancements in thermoset resin technology.

How are global factors expected to influence the US Thermoset Molding Compound Market?

Global factors may influence demand and supply chain dynamics, potentially affecting market stability.

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