Thermoset Molding Compound – Global Market Outlook (2017-2023) – Research and Markets

DUBLIN–(BUSINESS WIRE)–The "Thermoset
Molding Compound – Global Market Outlook (2017-2023)" report
has been added to Research and Markets' offering.

The Global Thermoset Molding Compound market is estimated at $8356.56
million in 2016 and is expected to reach $13569.56 million by 2023
growing at a CAGR of 7.1% from 2016 to 2023.

Need for weight reduction & safety in transportation & aerospace, costo
effective substitute for heavy metals and ease in production of complex
shapes are some key factors fueling the market. Moreover, increasing
demand for these compounds from emerging economies provides huge growth
opportunity for the market. However, instability in crude oil prices and
regulatory challenges are hampering the market growth.

By Resin Type, polyester resin segment has high demand due to its
property of outstanding flexibility and growing application in
automotive body panel. Polyester resin offers excellent resistance to a
wide range of chemicals at room temperature such as gasoline, aliphatic
hydrocarbons, alcohols, and glycols. Asia Pacific held the largest
market share. Countries such as China and India have become
manufacturing hubs for several end-use industries in the recent past.
Further, fast growth in urbanization, rising disposable income and
increase in industrialization has a positive impact on the market. In
addition, China is the largest consumer and supplier of the material and
is expected to dominate the market during the forecast period as well.

End Users Covered:

• Electrical & Electronics
• Automotive
• Aerospace
• Other End Users

Resin Types Covered:

• Polyester Resin
• Melamine Formaldehyde Resin
• Phenolic Resin
• Urea Formaldehyde Resin
• Epoxy Resin
• Other Resin Types

Companies Mentioned

• Bajaj Auto
• Piaggio
• Chongqing Bajaj Auto Machinery
• Terra Motors
• Scooters India
• Qiangsheng Electric Tricycle Factory
• Atul Auto
• TVS
• Mahindra and Mahind

Key Topics Covered:

1. Executive Summary

2. Preface

3. Market Trend Analysis

4. Porters Five Force Analysis

5. Global Thermoset Molding Compound Market, By End User

6. Global Thermoset Molding Compound Market, By Resin Type

7. Global Thermoset Molding Compound Market, By Geography

8. Key Developments

9. Company Profiling

For more information about this report visit https://www.researchandmarkets.com/research/wj35jg/thermoset_molding

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Related
Topics: Plastic
Resins