Molding Compounds Market Size, Competitive Landscape and Forecast to 2031

The global molding compounds market is witnessing steady expansion, fueled by their extensive use across industrial, electrical, packaging, manufacturing, aerospace, and automotive sectors. Rising demand for high-performance materials with superior thermal stability, corrosion resistance, and mechanical strength continues to drive market growth.

According to a report published by Allied Market Research, the global molding compounds market was valued at $10.10 billion in 2021 and is projected to reach $17.02 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031. The study provides a comprehensive evaluation of market trends, key segments, investment opportunities, value chain dynamics, and competitive landscape, helping stakeholders make informed strategic decisions.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/1548

Market Overview:

- Forecast Period: 2022-2031
- Base Year: 2021
- Market Size (2021): $10.10 Billion
- Projected Market Size (2031): $17.02 Billion
- CAGR: 5.5%
- Pages: 231
- Segments Covered: Resin Type, Application, Region

Key Growth Drivers:

- Extensive application of molding compounds in industrial, electrical, packaging, aerospace, and automotive sectors.

- Exceptional properties such as high thermal stability, rust resistance, and superior strength boosting adoption in insulation and structural applications.

Opportunities:

- Growing utilization of epoxy and phenolic resins in insulation materials and cladding panels.

- Increasing construction activities across Mexico, China, India, Japan, and the U.S., creating strong growth prospects.

Restraints:

- Health concerns associated with industrial plastics, including cough, skin irritation, and eye irritation, may limit growth.

Segment Insights:-

By Resin Type:

- The phenolic segment dominated the market in 2021, accounting for nearly two-fifths of the total share. It is expected to maintain its leading position and register the highest CAGR of approximately 6.0% during the forecast period. Other key resin types analyzed include polyester, epoxy, and specialty resins.

By Application

- The electrical and electronics segment held nearly one-third of the market share in 2021 and is anticipated to remain the dominant and fastest-growing segment, with a CAGR of around 6.1% through 2031. Aerospace, automotive, and other industrial applications also contribute significantly to overall demand.

By Region:

- Asia-Pacific emerged as the leading regional market in 2021, accounting for more than two-fifths of global revenue. The region is expected to maintain dominance and record the highest CAGR of 5.9% during the forecast period. Other regions analyzed include North America, Europe, and LAMEA.

Key Market Players:-

Prominent companies operating in the global molding compounds market include:

- BASF SE
- The Lubrizol Corporation
- CAPLINQ Corporation
- Sumitomo Chemical Co., Ltd.
- Eastman Chemical Company
- Starfire Systems Inc.
- Evonik Industries AG
- SPF Composites
- Henkel AG & Co. KGaA
- Mar-Bal, Inc.
- PLEXIGLAS
- Owens Corning
- PPG Industries, Inc.
- Toray Industries, Inc.

Obtain Report Details: https://www.alliedmarketresearch.com/molding-compound-market

Contact:

David Correa

United States

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Int'l: +1-503-894-6022

Toll Free: +1-800-792-5285

Fax: +1-800-792-5285

help@alliedmarketresearch.com

About Us

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.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. 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. 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.

This release was published on openPR.