Press release
Electrical & Electronics Thermoset Compounds Market to Reach US$ 1.5 Billion by 2030, says Stratview Research
Startview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more. The report examines the market by application type, product type, fiber type, resin type, and region, offering strategic insights into demand patterns, material performance differentiation, and regional dynamics for manufacturers, suppliers, OEMs, and investors.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/4541/electrical-and-electronics-thermoset-compounds-market.html#form
Market Statistics
• Market size (2024): US$ 1.2 billion
• Forecast value (2030): US$ 1.5 billion
• CAGR: 3.2%
• Forecast period: 2025-2030
• Base year: 2024
• Total number of segments: 4
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
By Application
• Switchgears
• Electrical Cabinets
• Motor Brush Holders
• Other Applications
By Product
• SMC
• BMC
By Fiber
• Glass Fiber
• Carbon Fiber
By Resin
• Polyester
• Epoxy
• Other Resins
By Region
• Asia-Pacific
Segment Analysis
Switchgears are the dominant application segment due to their need for high dielectric strength, flame resistance, and dimensional stability-properties that thermoset compounds reliably deliver in enclosures, contact blocks, and transformer housings. Electrical cabinets follow as widespread applications where durable, weatherproof materials are required for indoor and outdoor installations, reinforcing demand for advanced thermoset solutions.
In product type, SMC leads the market because of its capability to produce large, load-bearing parts with consistent surface finish and performance characteristics, making it the material of choice in transformer housings and outdoor enclosures. BMC remains relevant in smaller, precision components where tight tolerances and repeatability support high-volume production.
For fiber type, glass fiber commands a significant share due to its cost-to-performance balance, established supply chains, and proven dielectric properties essential for large-scale electrical applications. Carbon fiber continues to grow in niche areas requiring superior stiffness and weight reduction, supporting advanced electrical designs.
Among resin types, polyester resin leads with a balanced mix of electrical performance, processing flexibility, and cost-effectiveness. Polyester formulations offer sufficient dielectric strength, low loss, and compatibility with flame-retardant systems, crucial for switchgear and transformer components. Epoxy and other resins support specialized mechanical and environmental performance where required.
Regional Insights
Asia-Pacific is the dominant region, driven by high concentrations of electrical equipment OEMs, large switchgear and cabinet assemblers, and rapid expansion of power distribution and renewable energy systems in key manufacturing hubs like China, India, Japan, and Southeast Asia. High-volume production and regional supply chain optimization structurally support market leadership.
Market Drivers
• Global electrification initiatives increasing demand for high-performance insulating materials in power systems.
• Modernization of electrical grids requiring advanced switchgear and enclosures
• Rapid expansion of renewable energy and EV charging infrastructure.
• Regulatory safety standards (IEC, UL, RoHS, REACH) driving material innovation.
• OEM adoption of flame-retardant, low-loss composite solutions for electrical applications.
Top Companies in the Market
LyondellBasell
Polynt Group
IDI Composites International
Core Molding Technologies
Menzolit
Changzhou Jiang's Compound Materials Technology Co., Ltd.
Tianma Group
Paya Plast Iranian
Huayuan Advanced Materials (Hamlite)
Devi Polymers Private Ltd
FAQs
1. What is the current value of the electrical & electronics thermoset compounds market?
The market was valued at approximately US$ 1.2 billion in 2024, reflecting strong demand for engineered thermoset composites in electrical applications.
2. How fast is the market expected to grow?
It is projected to grow at a CAGR of about 3.2% from 2025 to 2030, supported by grid modernization and global electrification initiatives.
3. Which application segment drives the most demand?
Switchgears drive the largest demand due to stringent insulation, flame-resistance, and structural requirements in modern electrical systems.
4. Why does Asia-Pacific lead this market?
Asia-Pacific leads due to high concentrations of electrical equipment OEMs, large manufacturing hubs, and rapid expansion in power distribution and renewable energy infrastructure.
5. What are key challenges for market growth?
Challenges include compliance with evolving safety standards and maintaining cost-effective supply chains amid raw material price volatility in thermoset compound production.
Related Links
Chromatography Reagents Market: https://webyourself.eu/blogs/1714134/Enabling-Precision-Separation-The-Chromatography-Reagents-Market
Elevator Ropes Market: https://webyourself.eu/blogs/1713736/Lifting-Safety-and-Reliability-The-Elevator-Ropes-Market
Floor Adhesives Market: https://plaza.rakuten.co.jp/marketing123/diary/202512240000/
Gaskets Market: https://writening.net/page?YEWm7z
Railway Bearings Market: https://plaza.rakuten.co.jp/ingnews/diary/202512240002/
Aircraft Aerostructures Market: https://plaza.rakuten.co.jp/ingnews/diary/202512240001/
All Terain Vehicles Market: https://www.leenkup.com/read-blog/80689
Cold Plasma Market: https://plaza.rakuten.co.jp/ingnews/diary/202512240000/
Composite Ev Battery Enclosures Market: https://network.musicdiffusion.com/read-blog/43869
Aircraft O-Ring Market: https://logcla.com/blogs/934716/Aircraft-O-Rings-Market-Study-Offering-Insights-on-Latest-Advancements
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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.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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