Thermoset Molding Compound Market is Forecasted to Reach US$ 4.6 billion in 2026, Says Stratview Research

The global Thermoset Molding Compound Market is projected to witness a growth rate of 4.9% annually from 2021 to 2026, with an anticipated size of US$ 4.6 billion in 2026, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Thermoset Molding Compound Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/2495/thermoset-molding-compound-market.html#form

Report Highlights: `
Market Size in 2026: US$ 4.6 billion
Growth (CAGR): 4.9% during 2021-2026
Forecast Period: 2021-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Thermoset Molding Compound Market:
The global Thermoset Molding Compound Market is segmented End-Use Industry Type, Compound Type, Resin Type, Fiber Type & Region

Based on end-use industry type: The market is segmented as transportation, construction, consumer goods, electrical & electronics, and others. Transportation is expected to remain the biggest demand generator for thermoset compounds in terms of both value and volume during the forecast period. The industry type is also the biggest demand generator for thermoplastic compounds (SFT, LFT, and GMT). Class-A panels are preferably manufactured through thermoset compounds across the world. Also, the different end-use industry is dominated by thermoset compound type. Transportation is the key market for SMCs whereas electrical & electronics is for BMCs.

Based on fiber type: The market is segmented as glass composites and other composites. Glass fibers remain the choice of material for making SMCs and BMCs. The fiber type dominates across regions largely due to its excellent strength paired with its low cost. Carbon fiber, a relatively insignificant material, is subjected to grow at an excellent rate in the coming years, mainly gaining traction in electric and premium vehicles.

To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/2495/thermoset-molding-compound-market.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis Asia-Pacific is expected to remain the largest market over the next five years. This growth outlook is majorly attributed to the following-
• This can largely be attributed to the rapid expansion of the transportation, E&E, and construction industries in the region. The growth in Asia-Pacific is primarily led by China, where the price of raw materials is relatively low.
• Despite the tough market environments amid the pandemic, the Chinese market recovered well from the 2nd half of 2020 and registered overall growth in the trying time.
"North America and Europe are also large markets in terms of demand generated for SMCs and BMCs".
• Both regions witnessed a huge decline in the year 2020 amid the pandemic and are already started rebounding from 2021 onwards. There is a relatively high penetration of SMCs and BMCs over other materials in the vehicles in both regions compared with Asia-Pacific.

Thermoset Molding Compound Market Drivers:
The growth of the Thermoset Molding Compound Market is driven by several factors.
• The growth of the thermoset molding compounds market is driven by the increasing demand for lightweight and high-strength materials across various industries, including automotive, aerospace, and electrical.
• The preference for sheet molding compounds (SMCs) in large-sized, less complex parts and bulk molding compounds (BMCs) in small, intricate components enhances their adoption in specialized applications.
• The reinforcement of these materials with glass and, in some cases, carbon fibers, provides superior mechanical properties, making them a suitable alternative to traditional materials like metal.
• Additionally, the rising emphasis on cost-effective and efficient manufacturing processes, such as injection molding for BMCs, further supports market expansion.

Top 10 Companies in the Thermoset Molding Compound Market:
Stratview Research has identified the following companies as the top market players:
• Continental Structural Plastics (Teijin Group)
• The Polytec Group
• Core Molding Technologies, Inc
• IDI Composites International
• Polynt S.P.A.
• Premix Inc.
• Lorenz-Kunststofftechnik GmbH
• Menzolit GmbH
• Huayuan Advanced Materials Co., Ltd. (HAMC)
• Changzhou City Jiangshi Composite Technology Co. Ltd.

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Thermoset Molding Compound Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Sheet Molding Compound Market : https://www.stratviewresearch.com/2496/sheet-molding-compound-market.html
• Sheet and Bulk Molding Compound Market: https://www.stratviewresearch.com/594/sheet-and-bulk-molding-compound.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.