1 / 9

Thermoset Molding Compounds Market Share, Segments and Forecasts to 2022

Thermoset Molding Compound Market size anticipated to grow at a CAGR of 6.2% to reach $12,298 million by 2022.

alliedmarketresearch
Download Presentation

Thermoset Molding Compounds Market Share, Segments and Forecasts to 2022

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Global Thermoset Molding Compound Market Global Opportunity Analysis and Industry Forecasts, 2014-2022

  2. Thermoset Molding Compound Market Overview • Thermoset Molding Compounds Market report forecasts that the global market is expected to garner $12,298 million by 2022, registering a CAGR of 6.2% during the period. • Unsaturated polyester resin is the largest segment by type and is expected to grow at a CAGR of 6.1% during the forecast period. • The thermoset molding compound market is in its growth stage due to need for weight reduction & safety in transportation and aerospace and increase in demand for thermally stable and corrosion resistant composites. • It is emerged as a cost-effective substitute material for the heavy metal in different applications. • In 2015, polyester resin was the leading segment, with almost one-third market share in terms of revenue, followed by phenolic, urea formaldehyde, and epoxy resin.

  3. Thermoset Molding Compound Market Analysis • Thermoset molding compound market analysis includes the current market trends and future opportunities in several end-use industries such as automotive, aerospace, and electrical & electronics. • The global thermoset molding compounds market report mainly emphasizes on thermoset resins and its different types including phenolic resin, epoxy resin, polyester resin, urea formaldehyde resin, melamine formaldehyde resin, and others. • The thermoset molding compound market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

  4. Thermoset Molding Compound Market Segmentation

  5. Factors Impact Thermoset Molding Compound Market • Factors that drive the growth of the global thermoset molding compound market are need for safety in transportation & aerospace industry, economically viable option than heavy metals, rise in need for thermally stable & corrosion resistant components, and ease in production of complex shape parts. • Economic development in the emerging economies of regions such as Asia-Pacific and LAMEA are expected to provide significant growth opportunities to the industry players. • However, factors such as volatility in crude oil prices and stringent regulation associated with thermoset resin may hamper the market growth during the forecast period.

  6. Thermoset Molding Compound Market Key Findings • In 2015, Asia-Pacific dominated the global market with around half of the share in overall market in terms of revenue. • Automotive is the fastest developing end-user industry growing at a highest CAGR of 6.9% in terms of revenue, from 2016 to 2022. • Polyester is the leading segment comprise of one-third share of the total market revenue in 2015. • In 2015, phenolic resin holds the largest market in terms of volume in the global market. • Melamine formaldehyde segment is expected to grow at a lucrative rate of 7.3% during the forecast period

  7. Key Winning Strategies

  8. Thermoset Molding Compound Market Key Players • Ashland Global Holding Inc. • BASF SE • Eastman Chemical Company • Evonik Industries AG • Hexion Inc. • Huntsman Corporation • Kolon Industries Inc. • Kyocera Chemical Corporation • Rogers Corporation

  9. Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/ Follow Us On

More Related