As per new research report says, Molding Compounds Market is expected to hit nearly $17.02 billion by 2031 and to grow at a CAGR of 5.5% from 2022 to 2031. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
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The report offers detailed segmentation of the global molding compounds market based on the resin type, application, and region. It provides an in-depth analysis of every segment and sub-segment in tables and figures through which consumers can derive a conclusion about market trends and insights. The market report analysis aids organizations, investors, and entrepreneurs in understanding which sub-segments are to be tapped for achieving huge growth in the years ahead.
The market research study provides a detailed analysis of changing industry trends, top-most segments, value chain analysis, key investment business scenarios, regional space, and competitive space. The study is a key information source for giant players, entrepreneurs, shareholders, and owners in generating new strategies for the future and taking steps to enhance their market position. The report displays an in-depth quantitative analysis of the market from 2022 to 2031 and guides investors in allocating funds to the rapidly evolving industry.
In terms of the resin type, the phenolic segment contributed the largest market share in 2021, accounting for nearly two-fifths of the overall share of the global molding compounds market. Moreover, this segment is predicted to retain its number one position during the forecast timespan. In addition, the phenolic segment is set to record the highest CAGR of nearly 6.0% from 2022 to 2031. The report also provides an overall analysis of segments such as polyester, epoxy, and others.
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On basis of application, the electrical and electronics segment held the largest share in 2021, contributing nearly one-third of the overall share of the global molding compounds market. Moreover, this segment is predicted to account for the highest market share by 2031. Furthermore, the electrical and electronics segment is also anticipated to record the fastest growth with a CAGR of nearly 6.1% during the forecast timeframe. The report also provides an overall analysis of segments such as aerospace, automotive, and others.
Based on region, the Asia-Pacific contributed toward the highest market share in 2021, accounting for more than two-fifths of the global molding compounds market share. Moreover, the region is predicted to contribute majorly toward the global market share in 2031. In addition, the Asia-Pacific Molding compounds market is also set to record the highest CAGR of 5.9% during the forecast timeline. The research also analyzes regions including LAMEA, Europe, and North America.
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The report evaluates these major participants in the global molding compounds industry. These players have executed a plethora of major business strategies such as the expansion of regional and customer base, product development, strategic collaborations, and joint ventures for expanding product portfolios in the global markets. The market research report supports the performance monitoring of each segment, positioning of each product in respective segments, and the impact of new technology and product launches on the overall market size.
Covid-19 Scenario
• The Covid-19 pandemic adversely impacted the expansion of the global molding compounds market, due to interruptions in the supply chain.
• Shutdown of a large number of production units globally, owing to the COVID-19 pandemic, led to the loss of production as well as a labor shortage. This hampered growth of the global market.
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Leading players in the global molding compounds market analyzed in the research 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., SBHPP, PPG Industries, Inc., and Toray Industries, Inc.
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