Thermoset Molding Compound Market Report 2025 (Global Edition)

Global Thermoset Molding Compound Market Report 2025 Market Size Split by Type (Phenolic Resin, Epoxy Resin, Polyester Resin, Urea Formaldehyde, Melamine Formaldehyde, Others), by End-Use (Automotive,...

Thermoset Molding Compound Market Report Description

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Thermoset Molding Compound Market Insights Video

Competitive Landscape of the Thermoset Molding Compound Market

The presence of important players explains the competitive landscape of the market. Companies aim to enhance their market position by innovating, developing new products, and forming strategic alliances. They serve a range of sectors, including construction, electronics, and automotive. Key players in the market include Rebling, Plastics Engineering Company (Plenco), Eastman Chemical Company, KYOCERA Corporation, BASF SE, Evonik Industries AG, Huntsman International LLC., Kolon Industries, Inc., SBHPP, and HEXION INC.

July 2024: Through a unique co-creation partnership, BASF helps the automotive industry build safe, efficient, long-lasting, and powerful e-motors. The partnership begins with BASF’s vast portfolio of engineering plastics, which forms the basis for design and engineering expertise. It continues with Ultrasim® simulation and part testing and culminates in supporting serial production of the final application. (Source:https://www.basf.com/in/en/media/news-releases/asia-pacific/2024/04/p-24-173 January 2024: Kyocera Corporation, Nippon Signal Co., Ltd., Panasonic System Networks R&D Lab. Co., Ltd., and Toyota Tsusho Corporation have joined forces to form the “Smart Mobility Infrastructure Technology Research Partnership” in an effort to tackle transportation society’s problems. SMICIP will fund studies on “Smart Mobility Infrastructure,” a network that relays danger signals picked up by V2X*1 radio devices like ITS Connect*2 in both vehicles and infrastructure facilities to other modes of transportation, including pedestrians, bicycles, and automobiles. (Source:https://global.kyocera.com/newsroom/news/2024/000818.html July 2024: Huntsman, a leader in automotive technology, has expanded its battery solutions portfolio with a number of innovative lightweight and durable polyurethane foam technologies designed for the potting and fixing of cells installed in electric vehicle batteries. Moldable encapsulant products for use in battery modules or packs are also part of the expanded line. (Source:https://www.huntsman.com/news/media-releases/detail/577/huntsman-launches-new-shokless-polyurethane-systems-to

Top Companies Market Share in Thermoset Molding Compound Industry: (In no particular order of Rank)

• Rebling
• Plastics Engineering Company (Plenco)
• Eastman Chemical Company
• KYOCERA Corporation
• BASF SE
• Evonik Industries AG
• Huntsman International LLC.
• Kolon Industries
• Inc.
• SBHPP
• HEXION INC.
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Thermoset Molding Compound Market

Which Region Dominates the Thermoset Molding Compound Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue because of cutting-edge production techniques, an emphasis on high-performance materials, and robust demand from the aerospace and automotive sectors. Substantial expenditures in infrastructure and technical advancements further boosted market expansion in the region.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the thermoset molding compound market because of people’s growing knowledge of the importance of healthy eating, increased disposable incomes, and the rate of urbanization. Additionally, the region’s significant working population is fueling the need for thermoset molding compounds, while the increasing awareness of environmental issues is increasing the popularity of reusable and eco-friendly items.

The current report Scope analyzes Thermoset Molding Compound Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Thermoset Molding Compound Market Analysis

According to Cognitive Market Research, the global thermoset molding compound market size was estimated at USD 11845.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 4738.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the thermoset molding compound market with a market size of USD 3738.47 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. The nation's advancements in this technology.
• Canada’s thermoset molding compound market had a market share of USD 568.59 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Due to a growing trend toward individuals favoring meals prepared at home.
• The Mexico thermoset molding compound market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 431.18 million in 2024.

Europe Thermoset Molding Compound Market Analysis

According to Cognitive Market Research, the global thermoset molding compound market size was estimated at USD 11845.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 3553.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

• The United Kingdom thermoset molding compound market had a market share of USD 597.02 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. In the UK, thermoset molding compound sales witnessed an upswing due to the nation's rising demand for these compounds.
• The France thermoset molding compound market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 326.94 million in 2024.
• According to Cognitive Market Research, the German thermoset molding compound market size was valued at USD 703.63 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. In Germany, thermoset molding compounds surged due to the presence of major market players.
• The Italy thermoset molding compound market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 305.62 million in 2024.
• The Russia thermoset molding compound market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 550.82 million in 2024.
• The Spain thermoset molding compound market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 291.40 million in 2024
• The Luxembourg thermoset molding compound market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 110.16 million in 2024.
• The Portugal thermoset molding compound market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 74.63 million in 2024.
• The Greece thermoset molding compound market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 42.64 million in 2024.
• Rest of Europe's thermoset molding compound market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 550.82 million in 2024.

Asia Pacific Thermoset Molding Compound Market Analysis

According to Cognitive Market Research, the global thermoset molding compound market size was estimated at USD 11845.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 2724.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

• According to Cognitive Market Research, the China thermoset molding compound market size was valued at USD 1226.02 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. Thermoset molding compounds surged in China due to the rising population.
• The Japan thermoset molding compound market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 375.98 million in 2024.
• India’s thermoset molding compound market had a market share of USD 326.94 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. India's growing emphasis on environmentally friendly.
• The South Korean thermoset molding compound market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 272.45 million in 2024.
• The Australian thermoset molding compound market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 141.67 million in 2024.
• The Southeast Asia thermoset molding compound market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 187.99 million in 2024.
• The Rest of Asia Pacific thermoset molding compound market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 193.44 million in 2024.

South America Thermoset Molding Compound Market Analysis

According to Cognitive Market Research, the global thermoset molding compound market size was estimated at USD 11845.6 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 592.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil thermoset molding compound market size was valued at USD 253.50 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Thermoset molding compound has flourished in Brazil due to the rising disposable income.
• Argentina's thermoset molding compound market had a market share of USD 99.50 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. Argentina's technological advancements augment the demand.
• Colombia’s thermoset molding compound market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 52.71 million in 2024.
• Peru’s thermoset molding compound market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 48.57 million in 2024.
• Chile’s thermoset molding compound market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 42.64 million in 2024.
• The Rest of Latin America's thermoset molding compound market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 95.36 million in 2024.

Middle East Thermoset Molding Compound Market Analysis

According to Cognitive Market Research, the global thermoset molding compound market size was estimated at USD 11845.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 236.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031..

• The GCC Countries’ thermoset molding compound market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 101.40 million in 2024. Thermoset molding compound sales flourish due to the presence of major market players.
• The Egypt thermoset molding compound market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 24.88 million in 2024.
• The South Africa thermoset molding compound market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 37.43 million in 2024. Thermoset molding compound sales flourished in South Africa due to the increasing population.
• Turkey’s thermoset molding compound market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 20.37 million in 2024.
• The Nigeria thermoset molding compound market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 24.88 million in 2024.
• The Rest of the MEA thermoset molding compound market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 27.96 million in 2024.

Thermoset Molding Compound Market Analysis

How are Segments Performing in the Global Thermoset Molding Compound Market?

Thermoset Molding Compound Market Type Segment Analysis

According to Cognitive Market Research, phenolic resin stands out as the dominant category over the projected period because it is very strong mechanically, flame retardant, and resistant to high temperatures. Its exceptional performance, long lifespan, and dependability make it a top choice for sectors including construction, electronics, and automobiles. Another factor that leads to its extensive use is due in part to its low price.

Urea formaldehyde emerges as the fastest-growing category in the thermoset molding compound market because it is inexpensive, strong, and has great electrical insulating qualities. Moreover, it is becoming more popular in the electronics and construction industries due to its extensive usage in adhesives, coatings, and electrical components. These sectors are experiencing a demand for reliable and cost-effective materials.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Thermoset Molding Compound Industry. Request a Free Sample PDF!

Thermoset Molding Compound Market End-use Segment Analysis

According to Cognitive Market Research, the dominant category is automotive because there is a need in the market for long-lasting materials that improve performance and fuel economy while being lightweight. Additionally, when it comes to engine parts, interiors, and electrical systems in cars, where dependability and safety are paramount, thermoset compounds are the way to go because of their high mechanical strength, dimensional stability, and resistance to heat. Because of this, they are highly favored by the automobile industry.

The fastest-growing category in the thermoset molding compound market is electrical and electronics because high-performance materials with superior insulating, heat-resistant, and long-lasting properties are in high demand. The increasing demand for these compounds in this industry is fueled by their critical role in the production of dependable components for electrical housings, circuit boards, and gadgets.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Ashwini Moharir

Research Analyst at Cognitive Market Research

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Enthusiastic and analytical market research professional with 2 years of hands-on experience in tracking market trends, evaluating consumer behavior, and supporting strategic decision-making. Proficient in designing surveys, conducting interviews, and synthesizing insights from both primary and secondary sources. Successfully contributed to research projects across sectors such as retail, personal care, and industrial markets. Brings a keen eye for detail, strong data interpretation skills, and a passion for uncovering what drives markets forward. Comfortable working in fast-paced environments and collaborating across departments to deliver clear, actionable findings.

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