Press release
Molding Compounds Market Outlook 2024-2031 Demand Dynamics, Application Trends and Revenue Projections
AMR
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Growth Drivers:
- Widespread application in electrical, industrial, automotive, aerospace, and packaging sectors.
- High thermal stability, rust resistance, and mechanical strength, making them ideal for thermal insulation uses.
Market Opportunities:
Rising use of epoxy and phenolic resins as insulation and cladding materials across fast-growing markets such as China, India, Japan, Mexico, and the U.S.
Market Restraints:
Health hazards associated with industrial plastics, such as skin and respiratory irritation, pose limitations.
Segment Insights:-
By Resin Type:
Phenolic held the largest market share in 2021 (nearly 40%) and is expected to maintain dominance with the highest CAGR of 6.0% through 2031.
By Application:
Electrical & Electronics led in 2021 (nearly one-third share) and is projected to be the fastest-growing segment with a 6.1% CAGR over the forecast period.
Regional Outlook:
Asia-Pacific dominated the market in 2021 with over 40% share and is forecasted to retain its lead, registering the highest CAGR of 5.9% from 2022 to 2031.
Key Market Players:
- BASF SE
- The Lubrizol Corporation
- CAPLINQ Corporation
- Sumitomo Chemical Co., Ltd.
- Eastman Chemical Company
- Evonik Industries AG
- Henkel AG & Co. KGaA
- Owens Corning
- Toray Industries, Inc.
These companies are actively involved in product innovation, regional expansion, joint ventures, and strategic partnerships to strengthen their market footprint.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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