Molding Compounds Market Size, Trends and Insights By Resin Type (Phenolic, Epoxy, Polyester, Other), By Application (Electrical and Electronics, Automotive, Aerospace, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030


Report Code: CMI18247

Published Date: September 2022

Pages: 220+

Category: Chemicals And Materials

Reports Description

The global Molding compounds Market size was estimated at USD 11.0 billion in 2021 and is expected to hit around USD 18.186 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 6.53 % from 2022 to 2030.

Molding compounds are composite materials that exhibit epoxy resins, phenolics, pigments, polyester, and others. The molding compounds possess various attributes such as high strength, corrosion & heat resistance, and dimensionally stability. Owing to such functionalities, it is extensively used in various industries, including electrical, automotive, electronics, industrial, manufacturing, aerospace, and others.

Molding Compounds Market

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The global molding compounds market is evolving, and companies are now focusing more on strengthening and consolidating R&D activities, thereby increasing the production capacity of molding compounds thus, driving the market growth by catering to the need for molding compounds in various end-use industries. 

Growth Factors

The rising incidences of short circuits in electrical components have escalated the demand for molding compounds, which are extensively used in electronic components with good thermal stability and reduced overheating. This factor is anticipated to enhance the overall demand for molding compounds in the growing electronics industry. 

In addition, factors such as the growing manufacturing industry, availability of feedstock at reduced prices, and arrival of local players have led manufacturers to offer molding compounds at low prices. This factor is predicted to create remunerative opportunities for the future expansion of the molding compounds market. 

An Increase in awareness regarding hygiene-related activities has led to the growth of the packaging sector, where molding compounds are widely used for manufacturing films & wraps used for packaging a wide range of consumer goods. Moreover, increased investments in building infrastructure in countries such as the U.S., China, Japan, Mexico, and India have led the building & construction sector to witness significant growth where resin-based molding compounds such as epoxy, phenolic resins compounds are employed as insulating materials and cladding panels. These factors are predicted to contribute to global market growth. 

Molding Compounds Market Segmentation

Molding Compounds Market, segmented by Product Type

Depending on the product type, the molding compounds market is segmented into polyester, epoxy, phenolic, and others. 

The phenolic segment dominated the market in 2021 and is expected to grow over the forecast period, and holds 39% of the total market share. This is attributed to the fact that the growing population, growth in consumer demand, and increase in demand for electrical and electronics-based devices have put more emphasis on manufacturers for the production of phenolic-based molding compounds, which it is used in combination with paper and fabrics as an insulation material in electrical and electronics components and circuit boards, owing due to its heat resistance property. These factors will increase the demand for molding compounds during the forecast period. 

Furthermore, epoxy and polyester molding compounds showed positive growth during the forecast period. Robust consumer demand for housing, a rise in building and construction activities, and an increase in disposable income among people has led to a rise in demand for epoxy-based molding compounds. It is used in household applications. It acts as a coating agent, owing to its chemical and heat resistance and strong adhesion properties. This is expected to propel the market’s growth of epoxy-based molding compounds. 

In addition, the exponential growth of the population and growing demand from the automotive sector has boosted the polyester-based molding compounds. Polyester fibers make ropes, carpeting, and molded carpets in cars, which have enhanced production capacities for polyester. This is anticipated to spur the molding compounds market. 

Molding Compounds Market, the segment on the basisApplicationtion

BasedApplicationtion, the global molding compounds market is studied across the aerospace, automotive, electrical and electronics. It is expected that the global electrical and electronics segment to hold a dominant position during 2022 -2031 with a maximum share of 30%. 

The growth of the molding compounds market is driven by industrialization, urbanization, and disposable income, and demand for electrical and electronic devices has increased significantly. Molding compounds are used extensively, owing to their widespread functionalities, such as being reliable, dimensionally stable, and help prevent short circuits in electrical devices. This is expected to drive the market in the electrical and electronics segment. 

Furthermore, the aerospace and automotive industry has witnessed significant growth during the forecast period. This is attributed to the fact that the aerospace industry has accounted for one of the revenue-generating sectors in both developed and developing countries. In addition, the rise in international trade, expansion of domestic and international economies, and increase in the tourism industry have led to a rise in demand for molding compounds, which it is used in the manufacturing of different components such as wings, engine, and fuselage. It has good flexibility and can tolerate corrosion and heat; hence, it is widely used in the aerospace industry. 

Molding Compounds Market (By Application)

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An increase in transport and logistics activities has led to the growth of the automotive sector, where molding compounds are widely used to manufacture various inner and outer automotive parts. This is projected to drive the growth of the molding compounds market. 

Report Scope

Feature of the Report Details
Market Size in 2021 USD 11.0 billion
Projected Market Size in 2030 USD 18.186 billion
CAGR Growth Rate 6.53 % CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players Hexion Inc., BASF SE, Hitachi Chemical Co., Sumitomo Bakelite Co.Ltd., IDI Composites International, CAPLINQ Corporation, SBHPP, Mar-Bal, Starfire Systems, Henkel Adhesives Industry Co.Ltd., SPF Composites., Lubrizol, PLEXIGLAS, Evonik Industries AG., and Others
Key Segment By Resin Type, Application, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Regional Insights

Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. 

Asia-Pacific is the dominant region and holds 43% of the total share in the molding compounds market. This region is anticipated to maintain its dominance throughout the forecast period. 

Countries such as China, Japan, India, and others significantly contribute to the growth of the molding compounds market in the region. Key factors such as the rising population, growing demand for electric vehicles and electronic components, and other end-use industry has surged the demand for molding compounds. Furthermore, the rise in automotive sectors that have enhanced the demand for molding compounds in the Asia-Pacific. The electric vehicle sector in China is increasing rapidly, which has forced molding compound manufacturers to produce high-quality molding compounds for use in sealing systems to enhance the aerodynamics of vehicles. These factors are escalating the potential sales of molding compounds in Asia-Pacific. 

In addition, countries such as Japan and Taiwan are constantly engaged in expanding their electrical & automation manufacturing output, where different types of molding compounds are widely employed as a protecting material in various electrical & electronic instruments. For instance, according to a report published by Hennessy Funds, Japan accounts for around 30% market for supplying factory automation products in the world. These factors are escalating the demand for molding compounds in the Asia-Pacific region. 

Molding Compounds Market (trends by region)

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North America and Europe show considerable growth during the forecast period. The U.S. and Canada account for a major share of automotive, aerospace, electronics, building and construction, and many other products. Several manufacturing industries in Germany, the U.K., and other European countries have increased their production capacities for molding compounds used in various end-use industries.

Key Players 

  • Hexion Inc.
  • BASF SE
  • Hitachi Chemical Co.
  • Sumitomo Bakelite Co., Ltd.
  • IDI Composites International
  • CAPLINQ Corporation
  • SBHPP
  • Mar-Bal, Starfire Systems
  • Henkel Adhesives Industry Co., Ltd.
  • SPF Composites.
  • Lubrizol
  • PLEXIGLAS
  • Evonik Industries AG 

COVID-19 Analysis

The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses to lives and the economy around the globe. 

The molding compounds market has had little impact due to the COVID-19 pandemic. Owing to the rise in cases of COVID-19, implementation of emergency protocols and shutdown of various operations and facilities have been observed during 2020.

Due to the spread of the coronavirus pandemic, the manufacturer has faced challenges in terms of operation and supply chain due to government restrictions during the lockdown.  

However, the molding compounds market faced several difficulties with material supply chain disruptions, and labor shortages, in 2020. 

Furthermore, to control the surge of novel coronavirus cases, there is a drastic shift of investments from other sectors toward the automotive sector. Also, several molding compound-based product manufacturing companies have shut down or shrunk their operations due to the risk of infection among the workforce. 

In the first quarter of the pandemic, there was a complete shutdown of building & construction activities, the manufacturing industry, and others. The strict imposition of lockdown has hampered the growth of the molding compounds market

In addition, as restrictions imposed due to lockdowns are being lifted in the fourth quarter of the pandemic, building & construction, automotive, aerospace, electronics, and manufacturing sectors are expected to recover, owing to the record of production units in both developed and developing economies. 

Key market segments 

By Resin Type

  • Phenolic
  • Epoxy
  • Polyester
  • Other  

By Application 

  • Electrical and Electronics 
  • Automotive
  • Aerospace
  • Others

On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Molding Compounds Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Molding Compounds Market: snapshot
  • Chapter 3. Global Molding Compounds Market – Industry Analysis
    • 3.1 Molding Compounds Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Use Of Molding Compounds In Automotive And Electronics Sectors
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Application
  • Chapter 4. Global Molding Compounds Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Molding Compounds Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Molding Compounds Market – Type Analysis
    • 5.1 Global Molding Compounds Market overview: By Type
      • 5.1.1 Global Molding Compounds Market share, By Type, 2021 and 2030
    • 5.2 Phenolic
      • 5.2.1 Global Molding Compounds Market by Phenolic, 2022 – 2030 (USD Billion)
    • 5.3 Epoxy
      • 5.3.1 Global Molding Compounds Market by Epoxy, 2022 – 2030 (USD Billion)
    • 5.4 Polyester
      • 5.4.1 Global Molding Compounds Market by Polyester, 2022 – 2030 (USD Billion)
    • 5.5 Other
      • 5.5.1 Global Molding Compounds Market by Other, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Molding Compounds Market – Application Analysis
    • 6.1 Global Molding Compounds Market overview: By Application
      • 6.1.1 Global Molding Compounds Market share, By Application, 2021 and 2030
    • 6.2 Electrical and Electronics
      • 6.2.1 Global Molding Compounds Market by Electrical and Electronics, 2022 – 2030 (USD Billion)
    • 6.3 Automotive
      • 6.3.1 Global Molding Compounds Market by Automotive, 2022 – 2030 (USD Billion)
    • 6.4 Aerospace
      • 6.4.1 Global Molding Compounds Market by Aerospace, 2022 – 2030 (USD Billion)
    • 6.5 Others
      • 6.5.1 Global Molding Compounds Market by Others, 2022 – 2030 (USD Billion)
  • Chapter 7. Molding Compounds Market – Regional Analysis
    • 7.1 Global Molding Compounds Market Regional Overview
    • 7.2 Global Molding Compounds Market Share, by Region, 2021 & 2030 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Molding Compounds Market, 2022 – 2030 (USD Billion)
        • 7.3.1.1 North America Molding Compounds Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 North America Molding Compounds Market, by Type, 2022 – 2030
      • 7.4.1 North America Molding Compounds Market, by Type, 2022 – 2030 (USD Billion)
    • 7.5 North America Molding Compounds Market, by Application, 2022 – 2030
      • 7.5.1 North America Molding Compounds Market, by Application, 2022 – 2030 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Molding Compounds Market, 2022 – 2030 (USD Billion)
        • 7.6.1.1 Europe Molding Compounds Market, by Country, 2022 – 2030 (USD Billion)
    • 7.7 Europe Molding Compounds Market, by Type, 2022 – 2030
      • 7.7.1 Europe Molding Compounds Market, by Type, 2022 – 2030 (USD Billion)
    • 7.8 Europe Molding Compounds Market, by Application, 2022 – 2030
      • 7.8.1 Europe Molding Compounds Market, by Application, 2022 – 2030 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Molding Compounds Market, 2022 – 2030 (USD Billion)
        • 7.9.1.1 Asia Pacific Molding Compounds Market, by Country, 2022 – 2030 (USD Billion)
    • 7.10 Asia Pacific Molding Compounds Market, by Type, 2022 – 2030
      • 7.10.1 Asia Pacific Molding Compounds Market, by Type, 2022 – 2030 (USD Billion)
    • 7.11 Asia Pacific Molding Compounds Market, by Application, 2022 – 2030
      • 7.11.1 Asia Pacific Molding Compounds Market, by Application, 2022 – 2030 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Molding Compounds Market, 2022 – 2030 (USD Billion)
        • 7.12.1.1 Latin America Molding Compounds Market, by Country, 2022 – 2030 (USD Billion)
    • 7.13 Latin America Molding Compounds Market, by Type, 2022 – 2030
      • 7.13.1 Latin America Molding Compounds Market, by Type, 2022 – 2030 (USD Billion)
    • 7.14 Latin America Molding Compounds Market, by Application, 2022 – 2030
      • 7.14.1 Latin America Molding Compounds Market, by Application, 2022 – 2030 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Molding Compounds Market, 2022 – 2030 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Molding Compounds Market, by Country, 2022 – 2030 (USD Billion)
    • 7.16 The Middle-East and Africa Molding Compounds Market, by Type, 2022 – 2030
      • 7.16.1 The Middle-East and Africa Molding Compounds Market, by Type, 2022 – 2030 (USD Billion)
    • 7.17 The Middle-East and Africa Molding Compounds Market, by Application, 2022 – 2030
      • 7.17.1 The Middle-East and Africa Molding Compounds Market, by Application, 2022 – 2030 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Hexion Inc.
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 BASF SE
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Hitachi Chemical Co.
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Sumitomo Bakelite Co.Ltd.
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 IDI Composites International
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 CAPLINQ Corporation
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 SBHPP
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Mar-Bal
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Starfire Systems
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Henkel Adhesives Industry Co.Ltd.
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 SPF Composites.
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
    • 8.12 Lubrizol
      • 8.12.1 Overview
      • 8.12.2 Financials
      • 8.12.3 Product Portfolio
      • 8.12.4 Business Strategy
      • 8.12.5 Recent Developments
    • 8.13 PLEXIGLAS
      • 8.13.1 Overview
      • 8.13.2 Financials
      • 8.13.3 Product Portfolio
      • 8.13.4 Business Strategy
      • 8.13.5 Recent Developments
    • 8.14 Evonik Industries AG
      • 8.14.1 Overview
      • 8.14.2 Financials
      • 8.14.3 Product Portfolio
      • 8.14.4 Business Strategy
      • 8.14.5 Recent Developments

List Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Molding Compounds Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Molding Compounds Market attractiveness, By Type
  • 6. Global Molding Compounds Market attractiveness, By Application
  • 7. Global Molding Compounds Market share by Type, 2022 and 2030 (USD Billion)
  • 8. Global Molding Compounds Market by Phenolic, 2022 – 2030 (USD Billion)
  • 9. Global Molding Compounds Market by Epoxy, 2022 – 2030 (USD Billion)
  • 10. Global Molding Compounds Market by Polyester, 2022 – 2030 (USD Billion)
  • 11. Global Molding Compounds Market by Other, 2022 – 2030 (USD Billion)
  • 12. Global Molding Compounds Market share by Application, 2022 and 2030 (USD Billion)
  • 13. Global Molding Compounds Market by Electrical and Electronics, 2022 – 2030 (USD Billion)
  • 14. Global Molding Compounds Market by Automotive, 2022 – 2030 (USD Billion)
  • 15. Global Molding Compounds Market by Aerospace, 2022 – 2030 (USD Billion)
  • 16. Global Molding Compounds Market by Others, 2022 – 2030 (USD Billion)
  • 17. Global Molding Compounds Market share, by Region, 2022 and 2030
  • 18. North America Molding Compounds Market, 2022 – 2030 (USD Billion)
  • 19. Europe Molding Compounds Market, 2022 – 2030 (USD Billion)
  • 20. Asia Pacific Molding Compounds Market, 2022 – 2030 (USD Billion)
  • 21. Latin America Molding Compounds Market, 2022 – 2030 (USD Billion)
  • 22. The Middle-East and Africa Molding Compounds Market, 2022 – 2030 (USD Billion)

List Of Tables

  • 1. Global Molding Compounds Market: Snapshot
  • 2. Drivers of the Molding Compounds Market: impact analysis
  • 3. North America Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 4. North America Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 5. U.S. Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 6. U.S. Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 7. Canada Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 8. Canada Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 9. Europe Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 10. Europe Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 11. Germany Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 12. Germany Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 13. France Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 14. France Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 15. U.K. Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 16. U.K. Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 17. Italy Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 18. Italy Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 19. Spain Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 20. Spain Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 21. Rest of Europe Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 22. Rest of Europe Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 23. Asia Pacific Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 24. Asia Pacific Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 25. China Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 26. China Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 27. Japan Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 28. Japan Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 29. India Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 30. India Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 31. South Korea Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 32. South Korea Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 33. South-East Asia Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 34. South-East Asia Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 35. Rest of Asia Pacific Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 36. Rest of Asia Pacific Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 37. Latin America Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 38. Latin America Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 39. Brazil Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 40. Brazil Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 41. Mexico Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 42. Mexico Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 43. Rest of Latin America Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 44. Rest of Latin America Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 45. The Middle-East and Africa Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 46. The Middle-East and Africa Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 47. GCC Countries Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 48. GCC Countries Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 49. South Africa Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 50. South Africa Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)
  • 51. Rest of Middle-East Africa Molding Compounds Market revenue, By Type, 2022 – 2030 (USD Billion)
  • 52. Rest of Middle-East Africa Molding Compounds Market revenue, By Application, 2022 – 2030 (USD Billion)

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Key Players 

  • Hexion Inc.
  • BASF SE
  • Hitachi Chemical Co.
  • Sumitomo Bakelite Co., Ltd.
  • IDI Composites International
  • CAPLINQ Corporation
  • SBHPP
  • Mar-Bal, Starfire Systems
  • Henkel Adhesives Industry Co., Ltd.
  • SPF Composites.
  • Lubrizol
  • PLEXIGLAS
  • Evonik Industries AG 

FAQs

The “Asia-Pacific” region will lead the global Molding Compounds Market market from 2022 to 2030.

The key factors driving the market are the growing use of molding compounds in the automotive and electronics sectors.

The key players operating in the Molding Compounds Market market are Hexion Inc., BASF SE, Hitachi Chemical Co., Sumitomo Bakelite Co.Ltd., IDI Composites International, CAPLINQ Corporation, SBHPP, Mar-Bal, Starfire Systems, Henkel Adhesives Industry Co.Ltd., SPF Composites., Lubrizol, PLEXIGLAS, Evonik Industries AG.

The global Molding Compounds Market market is expanding with a CAGR of approximately 6.53 % during the forecast period (2022 to 2030).

The global Molding Compounds Market market size was valued at USD 11.0 billion in 2021 and is projected to reach around USD 18.186 billion by 2030.

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