The global molding compounds market revenue was around US$ 10.6 billion in 2022 and is estimated to reach US$ 17.16 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2023 to 2031.
Molding compounds are composite materials that contain silica, epoxy resins, phenolic, polyester, pigments, and others. Molding compounds possess different properties such as tenacity, high strength, heat resistance, and corrosion, and it is dimensionally stable due to such functionalities it is vastly utilized in different end-use industries such as automotive, electrical, industrial, electronics, and aerospace. and manufacturing.
Market Driving Factors
Molding compounds are broadly used as substitutes for metals in various end-use sectors such as automotive and building & construction, due to their lightweight, resistance to corrosion, and better insulation properties. Additionally, elements such as growth in the concentration of manufacturers, availability of feedstock at lowered costs, and arrival of local players have led manufacturers to provide molding compounds at lower prices. These elements are estimated to boost the market expansion.
The surge in awareness regarding hygiene-related activities has led to the development of the packaging sector where molding compounds are broadly utilized for manufacturing films & wraps and for packaging a broad range of consumer goods. Moreover, the surge in investments in building infrastructure in nations such as China, the U.S., Mexico, Japan, and India has led the building & construction sector to dominate the substantial growth where thermoset-based resins such as phenolic resin, and epoxy compounds are employed as insulating materials and cladding panels. These elements are expected to boost the contribution of the molding compound market expansion.
High investment prices and high raw material expenses may hamper the market growth.
Regional Analysis
Asia-Pacific is estimated to dominate the market in terms of the growth rate. This is mainly due to the increasing demand for iron & steel from different end-use sectors such as construction infrastructure, industrial, automotive, and others. In addition, this has led iron & steel manufacturers to raise their production capacities where molding compounds are broadly utilized for temperature stability purposes.
Segmentation Insights
Resin Type Insight
The phenolic segment dominated the market in terms of the growth rate and is expected to maintain its dominance. Phenolic molding compounds exhibit corrosion, heat, and chemical resistant properties and possess high dimensional stability. Such functionalities lead to its utilization in automotive, electrical components, small engines, and other end-use sectors. It is primarily utilized as an insulator in electrical components, electrical instruments, and electrical vehicles.
Application Insight
The electrical and electronics segment dominates the market in terms of the largest shares. This is mainly due to these industry makes extensive utilize of molding compounds with various features like dimensional stability, heat resistance, and electrical insulation capability.
Prominent Companies
Segmentation Outline
The global molding compounds market segmentation focuses on the Resin Type, Application, and Region.
By Resin Type
By Application
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL MOLDING COMPOUNDS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: MOLDING COMPOUNDS MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL MOLDING COMPOUNDS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL MOLDING COMPOUNDS MARKET, BY RESIN TYPE
5.1 OVERVIEW
5.2 POLYESTER
5.3 PHENOLIC
5.4 EPOXY
5.5 OTHERS
6 GLOBAL MOLDING COMPOUNDS MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 AEROSPACE
6.3 AUTOMOTIVE
6.4 ELECTRICAL AND ELECTRONICS
6.5 OTHERS
7 GLOBAL MOLDING COMPOUNDS MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL MOLDING COMPOUNDS MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
8.4 COMPETITIVE DASHBOARD
8.5 PRODUCT MAPPING
8.6 TOP PLAYER POSITIONING, 2022
8.7 COMPETITIVE HEATMAP
8.8 TOP WINNING STRATEGIES
9 COMPANY PROFILES
9.1 MAR-BAL
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.2 BASF SE
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.3 IDI COMPOSITES INTERNATIONAL
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.4 STARFIRE SYSTEMS
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.5 SUMITOMO BAKELITE CO. LTD
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.6 CAPLINQ CORPORATION
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.7 SBHPP
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.8 HITACHI CHEMICAL CO.
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.9 HEXION INC.
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.10 HENKEL ADHESIVES
9.10.1 OVERVIEW
9.10.2 FINANCIAL PERFORMANCE
9.10.3 PRODUCT OUTLOOK
9.10.4 KEY DEVELOPMENTS
9.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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