Molding compounds are basically polymer that is most suited for forming. These compounds are basically used for larger parts where high mechanical strength is required. The molding compound has superior mechanical properties like excellent electrical insulation, surface appearance, etc. All these properties make the molding compounds suitable for high-strength electrical parts, automotive body, personal watercraft, business equipment cabinets, and many other structural components.
MARKET DYNAMICS
The market is changing; most consumers are replacing traditional materials. These traditional materials are replaced with molding compound-based products, which will drive the market for molding compound products. The molding compound products provide corrosion resistance, dimensional stability, and heat resistance. These compounds are being used increasingly in the automotive industry due to its lightweight and increased fuel efficiency. Due to its lightweight and lower fuel consumption, the usage of these compounds in the vehicles will result in lower fuel emission.
MARKET SCOPE
The "Global Molding Compounds Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the molding compounds market with detailed market segmentation by resin type, application and geography. The global molding compounds market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading molding compounds market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Global Molding Compounds Market is segmented on the basis of resin type and application. On the basis of resin type the molding compounds market is segmented into phenolic, epoxy, polyester and others. On the basis of application, the market is segmented into electrical, automotive, aerospace and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global molding compounds market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The molding compounds market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the molding compounds market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the molding compounds market in these regions.
MARKET PLAYERS
The reports cover key developments in the molding compounds market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from molding compounds market are anticipated to lucrative growth opportunities in the future with the rising demand for molding compounds in the global market. Below mentioned is the list of few companies engaged in the molding compounds market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the molding compounds market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Showa Denko Materials Co., Ltd
- Huntsman International LLC
- Eastman Chemical Company
- Hexion
- KYOCERA Corporation
- Basf SE
- Madhuri Engineering Works
- Romeo RIM
- EPP Composites Pvt Ltd
- Amod Group
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.