Stratview Research has published a new report titled ‘Thermoset Molding Compound Market’ to its database. It has segmented the market by End-Use Industry Type (Transportation, Construction, Consumer Goods, Electrical & Electronics, and Others), by Compound Type (SMC and BMC), by Fiber Type (Glass Composites and Other Composites), by Resin Type (Polyester Composites and Other Composites), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Market Segments' Analysis
The market researchers have studied the Thermoset Molding Compound Market minutely for better understanding. The report consists of segment-wise details to assist the users in making suitable decisions for better growth opportunities. Below is the short piece of information -
Based on the end-use industry type, the market is segmented as transportation, construction, consumer goods, electrical & electronics, and others. Transportation is expected to remain the biggest demand generator for thermoset compounds in terms of both value and volume during the forecast period. The industry type is also the biggest demand generator for thermoplastic compounds (SFT, LFT, and GMT). Class-A panels are preferably manufactured through thermoset compounds across the world. Also, the different end-use industry is dominated by thermoset compound type. Transportation is the key market for SMCs whereas electrical & electronics is for BMCs.
Based on the fiber type, the market is segmented as glass composites and other composites. Glass fibers remain the choice of material for making SMCs and BMCs. The fiber type dominates across regions largely due to its excellent strength paired with its low cost. Carbon fiber, a relatively insignificant material, is subjected to grow at an excellent rate in the coming years, mainly gaining traction in electric and premium vehicles.
In terms of regions, Asia-Pacific is expected to remain the largest market over the next five years. This can largely be attributed to the rapid expansion of the transportation, E&E, and construction industries in the region. The growth in Asia-Pacific is primarily led by China, where the price of raw materials is relatively low. Despite the tough market environments amid the pandemic, the Chinese market recovered well from the 2nd half of 2020 and registered overall growth in the trying time.
Highlights of the report:
The report also highlights the following segments -
- The market structure and forecasts for the coming years.
- Drivers, restraints, opportunities, and current trends of Thermoset Molding Compound Market.
- Historical data and forecast.
- Estimations for the forecast period 2026.
- Developments and trends in the market.
Our market research experts have studied the Thermoset Molding Compound Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-chain, pricing trends, product preferences, consumer patterns & more. The findings are further validated through primary research with industry experts across the globe.
Reasons to Invest in this Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period.
- Segments include quantitative, qualitative, and value data.
- Regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
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