Epoxy Molding Compound Market Growth Analysis

1. Epoxy Molding Compound Market Trend Analysis, Share & Forecast,

2. Global Epoxy Molding Compound Market has grown securely over the years. It is likely to register a CAGR of 3.81%, in value terms, over the projection period 2019-2026, and reach at USD 289.65 Million by 2026. The key factors driving the demand for epoxy molding compounds are the substitution of traditional materials with epoxy molding compound based products. The epoxy molding compounds offer high mechanical strength and productivity. The aim of the Epoxy Molding Compound (EMC) is to encapsulate various sensitive electronic instruments. Starme EMC provides a large variety of halogen-free compounds to suit various application requirements and preferences. Epoxies are considered useful due to its media resisting properties. As they are mechanically and environmentally shielded and safe-to-use goods, besides merits mentioned above, the market for the global epoxy molding is anticipated to grow steadily in upcoming period.

3. Global Epoxy Molding Compound Market Outlook and Trends Growth Driver  Rising Need for Thermally Stable and Corrosion-resistant Components Drives the Epoxy Molding Compound Market The main factor driving the demand for epoxy molding compounds is the substitution of conventional resin molding materials. Additionally, the properties such as heat-resistance, flame-resistance, high dielectric strength, and corrosion-resistance are other critical factors projected to fuel their adoption and demand assuring growth over the projected timeframe. Increasing demand for epoxy molding compounds across various end-use industries such as automotive and aerospace is expected to be a significant factor for these compounds in the coming years.

4. Impact of COVID-19 in industry Due to global pandemic, social distancing norm is followed everywhere including healthcare, corporates and production houses. Most of them have allowed Work From Home to their employees, allotted tasks in multi shifts in premises and built separated working desks. The disruption is being experienced in regular business activities. Significant volatility and decline in demand have been noticed as a result of reduced orders and order cancellations, leading to lower revenues, increased inventories, reduced value of inventories and lower gross margins. The slowdown in economic activity and transportation restrictions in affected countries will likely have a bearing on the production and profitability of specific global companies, engaged in manufacturing or in supply of raw materials used in manufacturing. Small and medium-sized firms may have greater difficulty surviving the disruption.

5. Global Epoxy Molding Compound Market: By Industry Vertical Epoxy molding compound finds its significant applications in the electrical, automotive, aerospace, and other industries. Over the projection period, the electrical segment is likely to emerge as the fastest-growing application market for epoxy molding compounds. The epoxy molding compounds manifest properties such as corrosion-resistance, thermal strength and heat resistance when exposed to elevated temperatures and harsh environmental conditions. The automotive application market holds the second-largest market share, as the epoxy molding compounds prevent rust and corrosion on the body and critical metal parts of vehicles, thereby saving maintenance costs and increasing the average lifespan of automotive. They are deployed in mounts for electric motors, valve corners for automobiles and headlight liners. Based on regional segmentation global Epoxy Molding Compound market is segmented into, North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

6. Competitive landscape The leading players in global Epoxy Molding Compound market are Sumitomo Bakelite, Hitachi Chemical, Chang Chun Group, HysolHuawei Electronics, Panasonic, Kyocera, KCC, Samsung SDI, Eternal Materials, Jiangsu zhongpeng new material, Shin-Etsu Chemical, Hexion, Nepes, Tianjin Kaihua Insulating Material, HHCK, Scienchem, Beijing Sino-tech Electronic Material and Others. Recent Developments On 25, May 2020: Sumitomo Bakelite Co., Ltd. to begin production of Epoxy Resin Encapsulation Materials for automotive use in Europe- Sumitomo Bakelite will open a new manufacturing line to produce epoxy resin encapsulation materials for automotive use in its Belgian production subsidiary, in order to meet increasing demands in the mobility field in Europe. Sample Copy: https://www.blueweaveconsulting.com/global-epoxy-molding-compound-market-bwc20120/report-sample

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