Molding Compound Market worth 10.96 Billion USD by 2020
The report "Molding Compound Market by Thermoset Resin Type (Phenolic, Epoxy, Polyester and Others), by Applications (Electricals, Aerospace, Automotive and Others), and by Region- Global Forecasts to 2020", The global molding compounds market by thermoset resin type is projected to grow from USD 8.04 Billion in 2015 to USD 10.96 Billion by 2020, at a compound annual growth rate (CAGR) of 6.40% between 2015 and 2020. Browse 69 market data Tables and 47 Figures spread through 121 Pages and in-depth TOC on "Molding Compound Market - Global Forecasts to 2020" Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=240465448 Early buyers will receive 10% customization on this report. This market is majorly dominated by the electrical application. They are widely used in automotive and aerospace applications, as they are flexible and can be molded into complex shapes and sizes. The increase in the demand for corrosion an heat resistant products, improved electrification and need for safety at home and commercial building, encourages use of reliable components such as thermoset molding compounds in electricals that are heat resistant and thermally stable and availability of new innovative products are the factors driving the thermoset molding compounds market. Rising need for thermally stable and corrosion resistant components will drive the molding compounds market by thermoset resin type for various applications Request Sample @ http://www.marketsandmarkets.com/requestsample.asp?id=240465448 The major forces driving the thermoset molding compounds market are replacement of traditional materials thermoset molding compounds products. These products offer superior properties including corrosion resistance, heat resistance, and dimensional stability. Lightweight and increase in fuel efficiency have always been the foremost drivers for using thermosets in the automotive industry, the benefits of reducing the weight of a car or a truck include lower fuel consumption and operating costs, resulting in fewer emissions as well. “Phenolic molding materials offer outstanding long-term engineering performance when exposed to elevated temperature� The phenolic molding compounds is projected to be the fastest-growing segment during the forecast period in the thermoset molding compounds market. With their properties they are used in applications such as disc break pistons, commutators, circuit breakers, and so on. Phenolic molding compounds, being heat resistant in nature offer consumer safety in case the end product overheats, melts, or initiates a fire, phenolic molding materials protect the components from adverse effects of high temperature.
Asia-Pacific is the largest market for thermoset molding compounds China contributes a major market share in the global as well as Asia-Pacific thermoset molding compounds market. The growing economy, industrial development with the availability of low-cost labor in the region, and the increasing demand of low-maintenance products are some of the factors driving the thermoset molding compounds market in Asia-Pacific. The major players in the thermoset molding compounds market include:
Hexion Inc. (U.S) Hitachi Chemical Company (Japan) BASF SE (Germany) Huntsman International LLC (U.S.) Eastman Chemical Company (U.S)
MarketsandMarkets broadly segments the thermoset molding compounds market on the basis of resin type; region and applications. The study covers more than 10 countries for the four main regions namely, North America, Europe, Asia-Pacific, and RoW. About MarketsandMarkets MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Mr. Rohan Markets and Markets UNIT no 802, Tower no. 7, SEZ Magarpatta city, Hadapsar Pune, Maharashtra 411013, India 1-888-600-6441 Email: sales@marketsandmarkets.com