Thermosetting molding compounds provide thermal resistance, dimensional stability, high flexural strength, electrical insulation, and capabilities to the thermosetting plastic parts makes them ideal for several applications. Its molecules are bonded via cross-linking process through irreversible chemical reaction under heat & pressure. These are generally stronger than thermoplastics due to the polymer cross-linking and are better suited for high temperature applications. Each type of thermosetting plastic has a unique set of properties and find their use in wide range of applications such as electrical & electronics, automobile bodies, and aerospace. The global thermoset molding compound is anticipated to grow at a CAGR of 6.2% to reach $12,298 million by 2022, from $8,096 million in 2015.
The global thermosetting molding compound market is in its growth stage. Asia-Pacific and Europe are the leading markets for thermoset resin compounds owing to the rapid growth in urbanization and rise in demand from electronic & automotive industries. It is the cost-effective substitute for heavy metals and the need for weight reduction & safety in transportation & aerospace, and rise in demand for thermally stable & corrosion resistant composites drive the market growth. However, fluctuating crude oil prices and regulatory challenges regarding hazardous waste are expected to hamper the market growth.
The report segments the thermoset molding compound market on the basis of resin type, end-user, and geography. Based on resin type, it is divided into phenolic, epoxy, polyester, urea formaldehyde, and melamine formaldehyde including other resins. On the basis of end-user, it is categorized into automotive, aerospace, electrical & electronics, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Recent development in the market include the development of new EPIKOTE epoxy resin system from Hexion Inc. This resin system has been specified by BMW Group, which can be used for volume production of structural composites parts in new BMW-7 series automobiles. Similarly, Evonik Corporation planned to reopen its specialty polyester production plant located in Mobile, Ala. The company is expected to complete construction of this facility by 2018.
Comprehensive competitive analysis and profiles of the major market players include:
KEY MARKET BENEFITS:
KEY MARKET SEGMENTS:
By Resin Type
Other major players in the industry include:
*The above list of companies is not profiled in the report, and can be added based on client interest.
SIMILAR MARKET STUDIES
Notes: Sales, means the sales volume of Far - Infrared Adhesive Revenue, means the sales value of Far - Infrared Adhesive This report studies sales (consumption) of Far - Infrared Adhesive in United States market, focuses on the top players, with sales, price, revenue and market share for each player, covering AkzoNobel Shepherd ...
February 2017 | $3800 | View Details >>
Notes: Sales, means the sales volume of Mono Octanoate Revenue, means the sales value of Mono Octanoate This report studies sales (consumption) of Mono Octanoate in Europe market, especially in Germany, France, UK, Russia, Italy, Spain and Benelux, focuses on top players in these countries, with sales, price, revenue and market share for ...
February 2017 | $3900 | View Details >>
Notes: Sales, means the sales volume of Flame Resistant Fabric for Apparel Revenue, means the sales value of Flame Resistant Fabric for Apparel This report studies Flame Resistant Fabric for Apparel in China market, focuses on the top players in China market, with capacity, production, price, revenue and market share for each manufacturer, ...
February 2017 | $3200 | View Details >>
Notes: Sales, means the sales volume of Potassium Citrate Revenue, means the sales value of Potassium Citrate This report studies sales (consumption) of Potassium Citrate in Europe market, especially in Germany, UK, France, Russia, Italy, Benelux and Spain, focuses on top players in these countries, with sales, price, revenue and market share for ...
October 2016 | $3900 | View Details >>
UPCOMING MARKET RESEARCH REPORTS
2017 © Copyright Big Market Research