Press release
Electrical & Electronics Thermoset Compounds Market to Reach US$1.5 Billion by 2030, Says Stratview 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.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/electrical-and-electronics-thermoset-compounds-market#form
Market Statistics
• Market size: US$1.2 billion in 2024
• Forecast value: US$1.5 billion by 2030
• 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
Electrical & Electronics Thermoset Compounds Market, by Application
• Switchgears (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Electrical Cabinets (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Motor Brush Holders (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Other Applications (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Electrical & Electronics Thermoset Compounds Market, by Product
• SMC (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• BMC (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Electrical & Electronics Thermoset Compounds Market, by Fiber
• Glass Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Carbon Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Electrical & Electronics Thermoset Compounds Market, by Resin
• Polyester (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Epoxy (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Other Resins (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
Electrical & Electronics Thermoset Compounds Market, by Region
• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Segment Analysis
By application type, switchgears are expected to remain the biggest demand generator. Their requirement for electrical insulation, arc-quench performance, flame resistance, dielectric strength, and dimensional stability makes thermoset compounds well suited for switchgear enclosures, contact blocks, transformer housings, circuit breakers, and fuse carriers. The scale of use across grid, industrial, and utility settings supports continued demand, making switchgear applications a key commercial focus for compound suppliers.
By product type, SMC is expected to remain dominant throughout the forecast period. Its large-part moldability, surface finish, electrical performance, environmental resistance, dimensional stability, and high-throughput compression molding capabilities support its use in transformer housings, switchgear enclosures, and outdoor junction boxes. This positioning gives SMC producers a strong opportunity to serve large electrical enclosure and panel applications.
By fiber type, glass fiber commands a major share of the market. Its balance of electrical insulation, mechanical strength, cost efficiency, dielectric properties, availability, and established supply chain supports widespread use in housings, busbar supports, and transformer components. Its compatibility with SMC/BMC compounds and high-volume compression molding further reinforces its commercial position for manufacturers serving electrical equipment markets.
By resin type, polyester resin is estimated to hold the leading share. Polyester-based formulations combine electrical performance, processing flexibility, and cost-effectiveness at scale while providing dielectric strength, low dielectric loss, flame-retardant compatibility, and dimensional stability. Their compatibility with SMC/BMC processing supports rapid production of both large panels and smaller components, strengthening their position among high-volume electrical applications.
Regional Insights
Asia-Pacific dominates the electrical & electronics thermoset compounds market and is expected to maintain its leading position during the forecast period. The region's dominance is supported by the high concentration of electrical equipment OEMs, large-scale switchgear and cabinet assemblers, and rapidly growing power-distribution and renewable-energy systems. High-volume manufacturing activity creates scale economies and supports demand for both SMC and BMC compounds, making Asia-Pacific a strategically important market for thermoset compound suppliers.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/electrical-and-electronics-thermoset-compounds-market#form
Market Drivers
• Global electrification: Increasing electrification expands the requirement for electrical equipment and components that depend on thermoset compounds for insulation, structural integrity, and dimensional stability.
• Grid modernization: Modernization of power-distribution infrastructure increases demand for switchgear, electrical cabinets, and related components where thermoset compounds provide dielectric and thermal performance.
• Renewable energy integration: Expanding renewable-energy systems increases electrical infrastructure requirements, supporting demand for thermoset-based insulating and structural components.
• Expansion of EV charging infrastructure: The rapid expansion of EV charging infrastructure increases requirements for electrical enclosures and protective components manufactured using thermoset compounds.
• Stringent safety and environmental standards: IEC, UL, RoHS, and REACH requirements encourage manufacturers to develop flame-retardant, low-emission, and environmentally compliant thermoset formulations, supporting material innovation and market demand.
Competitive Landscape
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
Related links-
Industrial Wastewater Treatment Market- https://velog.io/@frankyjames15/Industrial-Wastewater-Treatment-Market-Share-Dynamics-Support-USD-476.94-Billion-Market-by-2032
Waste Recycling Services Market- https://community.wongcw.com/blogs/1273878/Waste-Recycling-Services-Market-Outlook-Industry-Value-Projected-to-Reach
Technical Textiles Market- https://vintfint.com/blogs/233464/Technical-Textiles-Market-Share-Dynamics-Reflect-Expanding-Adoption-Across-Industrial
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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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