Global Thermoset Molding Compound Market Analysis and Forecast, 2019-2028

Introduction

The Global Thermoset Molding Compound Market is expected to grow significantly in the next few years due to the increasing demand for lightweight and durable materials in various end-use industries, such as electrical and electronics, automotive, construction, and others. Thermoset molding compounds are widely used in various applications, such as electrical and electronic components, automotive components, and others, due to their excellent properties, such as high strength, high heat resistance, high dimensional stability, and others.

The Global Thermoset Molding Compound Market is expected to grow significantly at a CAGR of 6% in the next few years due to the increasing demand for lightweight and durable materials in various end-use industries. The increasing demand for eco-friendly and sustainable materials is expected to provide significant growth opportunities for the market in the next few years.

Market Segmentation

The Global Thermoset Molding Compound Market can be segmented into type, application, and geography. By type, the market can be segmented into phenolic, epoxy, polyester, and others. By application, the market can be segmented into electrical and electronic components, automotive components, construction, and others. By geography, the market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Market Drivers

The Global Thermoset Molding Compound Market is driven by the increasing demand for lightweight and durable materials in various end-use industries. The rising demand for electrical and electronic components and the increasing use of thermoset molding compounds in the automotive industry are also driving the growth of the market. In addition, the increasing demand for green and sustainable materials is also expected to drive the growth of the market in the next few years.

Market Restraints

The high cost of raw materials and the lack of awareness about the properties and benefits of thermoset molding compounds are the major restraints of the market. In addition, the complexity of the manufacturing process is also expected to hinder the growth of the market in the next few years.

Market Opportunities

The increasing demand for eco-friendly and sustainable materials in various end-use industries is expected to provide significant growth opportunities for the market in the next few years. In addition, the increasing demand for electrical and electronic components and the increasing use of thermoset molding compounds in the automotive industry is also expected to provide significant growth opportunities for the market.

Competitive Landscape

The Global Thermoset Molding Compound Market is highly competitive, with a large number of players operating in the market. Key players operating in the market include Huntsman Corporation, BASF SE, Sumitomo Bakelite Co., Ltd., Royal DSM N.V., Covestro AG, and others. These players are focusing on research and development activities, strategic partnerships, and collaborations to expand their market presence and strengthen their position in the market.

Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

Primary Intelligence

• RationalStat utilizes surveys, questionnaires, focus groups, and one-to-one interviews with CXOs, industry partners, trade bodies, association members, ex-employees, and industry professionals to collect insights and quantitative/qualitative data specific to client needs. RationalStat quickly gets to the ‘why’ behind the ‘what’ demonstrated by secondary data.
• RationalStat takes a unique approach to arrive at market conclusions and actionable insights for clients.
• We have the technology and strong in-house resource pool with extensive experience in the global and regional markets, across a wide variety of categories and stakeholders.
• Strong language proficiency and capability with coverage across more than 70 language areas.

Secondary Sources

• Annual reports, company filings, investor presentations, product catalogs, and company documents
• Industry and market-related documents available in the public domain
• Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
• Whitepapers, research papers, and industry blogs.