Description :
Thermosetting molding compounds provide thermal resistance , dimensional stability , high flexural strength , electrical insulation , and capabilities to the thermosetting plastic parts makes them ideal for several applications . Its molecules are bonded via cross-linking process through irreversible chemical reaction under heat & pressure . These are generally stronger than thermoplastics due to the polymer cross-linking and are better suited for high temperature applications . Each type of thermosetting plastic has a unique set of properties and find their use in wide range of applications such as electrical & electronics , automobile bodies , and aerospace . The global thermoset molding compound is anticipated to grow at a CAGR of 6.2 % to reach $ 12,298 million by 2022 , from $ 8,096 million in 2015 .
Browse the full report @ http :// www . orbisresearch . com / reports / index / thermosetmolding-compounds-market-by-resin-type-phenolic-resin-epoxy-resin-polyester-resinurea-formaldehyde-resin-melamine-formaldehyde-resin-and-others-and-by-end-userautomotive-aerospace-electrical--electronics-and-others-global-opportunity-analysis- .
The global thermosetting molding compound market is in its growth stage . Asia-Pacific and Europe are the leading markets for thermoset resin compounds owing to the rapid growth in urbanization and rise in demand from electronic & automotive industries . It is the costeffective substitute for heavy metals and the need for weight reduction & safety in transportation & aerospace , and rise in demand for thermally stable & corrosion resistant composites drive the market growth . However , fluctuating crude oil prices and regulatory challenges regarding hazardous waste are expected to hamper the market growth .
Check the DISCOUNT on this report @ http :// www . orbisresearch . com / contacts / discount / 213910 .
The report segments the thermoset molding compound market on the basis of resin type , end-user , and geography . Based on resin type , it is divided into phenolic , epoxy , polyester , urea formaldehyde , and melamine formaldehyde including other resins . On the basis of end-user , it is categorized into automotive , aerospace , electrical & electronics , and others . Geographically , it is analyzed across North America , Europe , Asia-Pacific , and LAMEA .
Recent development in the market include the development of new EPIKOTE epoxy resin system from Hexion Inc . This resin system has been specified by BMW Group , which can be used for volume production of structural composites parts in new BMW-7 series automobiles . Similarly , Evonik Corporation planned to reopen its specialty polyester production plant located in Mobile , Ala . The company is expected to complete construction of this facility by 2018 .
Purchase a copy of this report @ http :// www . orbisresearch . com / contact / purchase / 213910 .
For more information contact sales @ orbisresearch . com
2