Molding Compounds Market 2016: Global Industry Insights, Statistics, Market shares and Forecasts to 2022

Molding Compounds are used for larger parts where higher mechanical strength is needed. Superior mechanical properties, surface appearance, excellent electrical insulation make Molding compounds ideal for automotive body panels, high-strength electrical parts, business equipment cabinets, personal watercraft, and various other structural components.

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The major forces driving the molding compounds market are replacement of traditional materials with molding compound based products. These products offer superior properties including corrosion resistance, heat resistance, and dimensional stability. Lightweight and increase in fuel efficiency have always been the most important drivers for using molding compounds in the automotive industry. The benefits of reducing the weight of a passenger car or a heavy duty vehicle include lower fuel consumption and operating costs, resulting in fewer emissions as well.

The report segments the molding compounds market on the basis of resin type, application, and geography. On the basis of resin type, the market is segmented into phenolic, epoxy, polyester and others. According to the application, the market is classified into the electrical, automotive, aerospace and others. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.

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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 a heat resistant products, improved electrification and need for safety at home and commercial building, encourages use of reliable components such as molding compounds in electricals that are heat resistant and thermally stable and availability of new innovative products are the factors driving the molding compounds market.

The major players in the 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), Kyocera Chemical Corporation (Japan).

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