The global global molding compounds market was valued at $10.10 billion in 2021, and is projected to reach $17.02 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031.
Molding compounds are industrial resins and polymers that are suitable for manufacturing various designs and shapes in various applications such as household, manufacturing, industrial, and automotive. Molding compounds possess various properties such as it is corrosion resistant and has a good source of mechanical, electrical and electronics, and thermal insulating property.
The molding compounds market is segmented on the basis of resin type, application, and region. On the basis of resin type, the market is categorized into phenolic, epoxy, polyester, and others. On the basis of application, the market is divided into electrical and electronics, aerospace, automotive, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investments. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain intense competition in the industry.
Molding compounds are industrial resins and polymers that are suitable for manufacturing various designs and shapes in various applications such as household, manufacturing, industrial, and automotive. Molding compounds possess various properties such as it is corrosion resistant and has a good source of mechanical, electrical and electronics, and thermal insulating property.
The molding compounds market is segmented on the basis of resin type, application, and region. On the basis of resin type, the market is categorized into phenolic, epoxy, polyester, and others. On the basis of application, the market is divided into electrical and electronics, aerospace, automotive, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investments. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain intense competition in the industry.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global molding compounds market analysis from 2021 to 2031 to identify the prevailing global molding compounds market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the global molding compounds market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global molding compounds market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Resin Type
- Polyester
- Phenolic
- Epoxy
- Others
By Application
- Aerospace
- Automotive
- Electrical and Electronics
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Hexion Inc.
- BASF SE
- Hitachi Chemical Co.
- Sumitomo Bakelite Co., Ltd.
- IDI Composites International
- CAPLINQ Corporation
- SBHPP
- Mar-Bal
- Starfire Systems
- Henkel Adhesives
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: GLOBAL MOLDING COMPOUNDS MARKET, BY RESIN TYPE
CHAPTER 5: GLOBAL MOLDING COMPOUNDS MARKET, BY APPLICATION
CHAPTER 6: GLOBAL MOLDING COMPOUNDS MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
The global molding compounds market size was valued at $10.10 billion in 2021, and is projected to reach $ 17.02 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031.Molding compounds are composite materials that comprise epoxy resins, phenolic, silicas, pigments, polyester, and others. Molding compounds possess various properties such as it has high strength, tenacity, corrosion, heat resistance, and it is dimensionally stable owing to such functionalities it is extensively used in various end use industries such as electrical and electronics, automotive, electronics, industrial, manufacturing, and aerospace.
Increase in awareness regarding hygiene-related activities has led to growth of the packaging sector where molding compound are widely used for manufacturing films & wraps used for packaging a wide range of consumer goods. Moreover, increase in investments in building infrastructure in countries such as the U.S., China, Japan, Mexico, and India have led the building & construction sector to witness a significant growth where resin-based molding compounds such as epoxy, phenolic resins compounds are employed as insulating materials and cladding panels. These factors are predicted to contribute toward the global market growth.
However, production of molding compounds and resins-based molding compounds such as epoxy, phenolic, polyester resins release various toxic chemicals that if exposed beyond concentration limit may cause several health-related issues such as irritation in eye, vision failure, respiratory problems, dizziness, genotoxic, cardiovascular, and gastrointestinal problems. This factor is anticipated to hamper the market growth. Molding compounds are widely used as a substitute over metals in several end-use sectors such as building & construction, and automotive, owing to its resistance to corrosion, lightweight, and better insulation property.
In addition, factors such as growing manufacturing industry, availability of feedstock at reduced prices, and arrival of local players has led manufacturers to offer molding compounds at low prices. This factor is predicted to create remunerative opportunities for expansion of the molding compounds market in the future.
The global molding compounds market is segmented on the basis of resin type, application, and region. By resin type, the market is segregated into phenolic, epoxy, polyester, and others. The phenolic segment dominated the global market, in terms of revenue in 2021. This is attributed to the fact that phenolic based molding compound has a good resistivity to heat and corrosion, owing to such properties it is widely used in the manufacturing plants, automotive, and electrical and electronics components.
By application the market is divided into electrical and electronics, aerospace, automotive, and others. Electrical and electronics segment dominated the global market, in terms of revenue in 2021 with 30% share in the global market. This is attributed to the fact that molding compounds are used in pharmaceuticals, foods & beverages, electrical and electronics, and other end-use sectors. In addition, molding compounds enable production of consistent high-quality and has low cost. This has made consumers become more linear toward using molding compounds for various electrical and electronics sectors applications.
Region wise, the molding compounds market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific molding compounds market size is projected to grow at the highest CAGR during the forecast period, and accounted for a major market share in 2021, owing to rise in automotive sectors that have enhanced demand for molding compounds in the Asia-Pacific. The electric vehicle sector in China is increasing rapidly, which has forced molding compounds manufacturers to produce high-quality molding compounds for use in sealing systems to enhance aerodynamics of vehicles.
Key players operating in the global molding compounds market include BASF SE, CAPLINQ Corporation, Eastman Chemical Company, Evonik Industries AG, Henkel AG & Co. KGAA, Mar-Bal, Inc., Owens Corning., PLEXIGLAS, PPG Industries, Inc., SBHPP, SPF Composites, Starfire Systems Inc., Sumitomo Chemical Co., Ltd., The Lubrizol Corporation, and Toray Industries, Inc.
Key Findings of the Study
- In terms of resin type, phenolic segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 6.0% from 2022 to 2031.
- In terms of application, electrical and electronics segment is anticipated to register the highest CAGR of 6.1% during the forecast period.
- By region, the Asia-Pacific garnered the highest share of 43% in 2021, in terms of revenue, growing at a CAGR of 5.9%.
- Impact of Covid-19 on Molding Compound Market
- Disruption in production units, closure of manufacturing factories, and cutbacks in service sectors lead to disruption in global logistics and supply chain services. In addition, restrictions imposed, owing to the lockdown have declined growth of construction, automotive, and electronics sectors. Moreover, delays in infrastructure investments and complete shutdown of transportation hampered the molding compound market. In addition, as restrictions imposed due to lockdowns are being lifted in the fourth quarter of the pandemic, building & construction, automotive, aerospace, electronics, and manufacturing sectors are expected to recover, owing to the record of production units in both developed and developing economies.
Companies Mentioned
- Hexion Inc.
- Basf Se
- Hitachi Chemical Co.
- Sumitomo Bakelite Co. Ltd.
- Idi Composites International
- Caplinq Corporation
- Sbhpp
- Mar-Bal
- Starfire Systems
- Henkel Adhesives
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 Attribute | Details |
|---|---|
| No. of Pages | 231 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 10.1 billion |
| Forecasted Market Value ( USD | $ 17.02 billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
