Title: Thermoset Molding Compunds Market Share, Segments and Forecasts to 2022
1Global Thermoset Molding Compound Market
Global Opportunity Analysis and Industry
Forecasts, 2014-2022
2- 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.
Thermoset Molding Compound Market Overview
3- 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.
Thermoset Molding Compound Market Analysis
4 Thermoset Molding Compound Market Segmentation
5- 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.
Factors Impact Thermoset Molding Compound Market
6- 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
Thermoset Molding Compound Market Key Findings
7Key Winning Strategies
8 Ashland Global Holding Inc. BASF SE Eastman
Chemical Company Evonik Industries AG Hexion
Inc. Huntsman Corporation Kolon Industries
Inc. Kyocera Chemical Corporation Rogers
Corporation
Thermoset Molding Compound Market Key Players
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