United States Epoxy Resin Molding Compound Market was valued at USD 1.3 Billion in 2022 and is projected to reach USD 2.0 Billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030.
The Epoxy Resin Molding Compound (ERMC) market in the United States has seen significant growth due to its increasing demand from various industries. Epoxy resins are widely used in manufacturing components that require high strength and durability, such as automotive, electronics, and aerospace sectors. These industries rely on epoxy resin molding compounds to create products that are heat resistant, corrosion resistant, and capable of withstanding harsh environmental conditions.
The primary types of epoxy resin molding compounds include both filled and unfilled varieties. Filled compounds contain additives like glass fibers or mineral fillers, providing enhanced mechanical properties, such as increased tensile strength and better impact resistance. Unfilled compounds, on the other hand, are often used for their excellent electrical insulation properties and are favored in the electronics and electrical sectors.
In the automotive industry, the demand for lightweight, strong, and durable components has led to an increase in the use of epoxy resin molding compounds. These materials are ideal for creating parts like under-the-hood components, electrical connectors, and even body panels. The growing focus on electric vehicles (EVs) and autonomous driving technologies has further amplified the demand for advanced composite materials, including epoxy resin-based products.
In the electronics industry, epoxy resin molding compounds are used for their excellent electrical insulation properties, making them crucial in the production of circuit boards and semiconductors. As the demand for smaller, more powerful electronic devices grows, manufacturers increasingly rely on these compounds to produce high-performance, reliable components.
Similarly, the aerospace industry benefits from the strength-to-weight ratio and superior performance of epoxy resin molding compounds. These materials are used in the creation of parts that must endure extreme temperatures and mechanical stress. As aerospace technology continues to evolve, the demand for high-performance molding compounds is expected to rise significantly.
Overall, the US Epoxy Resin Molding Compound Market is poised for further growth, driven by continuous advancements in manufacturing technologies and an increasing need for durable, high-performance materials across multiple sectors.
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Sumitomo Bakelite
Hitachi Chemical
Chang Chun Group
Hysol Huawei Electronics
Panasonic
Kyocera
KCC
Samsung SDI
Eternal Materials
Jiangsu Zhongpeng New Material
Shin-Etsu Chemical
Hexion
Nepes
Tianjin Kaihua Insulating Material
HHCK
Scienchem
Beijing Sino-tech Electronic Material
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Epoxy Resin Molding Compound Market
Epoxy Liquid Resin
Epoxy Solid Resin
Epoxy Fillers
Epoxy Hardener
Automotive
Aerospace
Electronics
Construction
Marine
Heat Cured
Room Temperature Cured
UV Cured
Consumer Goods
Transportation
Industrial Equipment
Medical Devices
Standard Formulations
Specialized Formulations
Hybrid Formulations
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Epoxy Resin Molding Compound Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Epoxy Resin Molding Compound Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Epoxy Resin Molding Compound Market, By Type
6. US Epoxy Resin Molding Compound Market, By Application
7. US Epoxy Resin Molding Compound Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Epoxy Resin Molding Compound Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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