Molding compounds Market | Exactitude Consultancy Reports

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Molding Compounds Market by thermoset resin type (Phenolic, Epoxy, Polyester, Urea, Melamine, and others), Application (Electricals, Aerospace, Automotive, and others), and End-use Industry (Aerospace, Electrical & Electronics, Automotive, others), and Region, Global Trends and Forecast from 2022 to 2029

The global molding compounds market is designed to grow at 5.5 % CAGR from 2022 to 2029. It is expected to reach above USD 15.2 Billion by 2029 from USD 11.9 Billion in 2022.

Segment Analysis
Epoxy resin, phenolic resin, polyester resin, urea-formaldehyde, melamine-formaldehyde, and other resins have been classified as types in the worldwide thermoset Molding Compounds market. Phenolic resin is the industry leader in the global market for thermosetting Molding Compounds. They are being utilized increasingly often across a wide range of sectors as a result of their improved properties, including strong heat resistance, excellent mold ability, mechanical strength, low smoke toxicity, and the capacity to interact with polymers. Due to its excellent heat resistance, it is frequently used in automotive components and electric switches.

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