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| Market size in 2024 | US$ 567.8 million |
Forecast Market size by 2030 | US$ 789.4 million |
|---|---|---|---|
| Growth Rate | CAGR of 5.6% | Number of Pages | 119 Pages |
The global Ammonia-free Phenolic Molding Compound market size was valued at US$ 567.8 million in 2024 and is projected to reach US$ 789.4 million by 2030, at a CAGR of 5.6% during the forecast period 2024-2030.
The United States Ammonia-free Phenolic Molding Compound market size was valued at US$ 156.7 million in 2024 and is projected to reach US$ 212.3 million by 2030, at a CAGR of 5.2% during the forecast period 2024-2030.
Ammonia-free Phenolic Molding Compounds are thermoset materials formulated without ammonia, offering improved environmental and health benefits while maintaining performance characteristics.
The global Ammonia-free Phenolic Molding Compound market is growing steadily, driven by automotive and electrical applications. In 2023, total production reached 280,000 metric tons, with automotive components accounting for 45% of demand. The electrical components segment is growing at 6.2% annually. The market saw a 18% increase in demand for low-emission grades in 2023. Standard grades dominate with a 70% market share, while specialty grades are growing at 7% annually. Asia Pacific leads with a 50% market share, while India is the fastest-growing region at 6.5% CAGR. The industry is focusing on developing eco-friendly formulations, with a 22% growth in R&D investments.
Report Overview
Phenolic Molding Compound refers to a thermosetting resin material based on phenol formaldehyde, used in compression molding and other molding processes to produce electrical and mechanical components.
This report provides a deep insight into the global Phenolic Molding Compound market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Phenolic Molding Compound Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Phenolic Molding Compound market in any manner.
Global Phenolic Molding Compound Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Hitachi Chemical Company
Chang Chun Plastics
Sumitomo Bakelite
Hexion
Plenco
Raschig GmbH
Jiahua Group
Market Segmentation (by Type)
General Grades
Ammonia-free Grades
High-strength Grades
Heat Resistant Grades
Other
Market Segmentation (by Application)
Automotive
Aerospace
Electrical & Electronics
Others
Geographic Segmentation
| Report Attributes | Report Details |
|---|---|
| Report Title | Ammonia-free Phenolic Molding Compound Market, Global Outlook and Forecast 2024-2030 |
| Market size in 2024 | US$ 567.8 million |
| Forecast Market size by 2030 | US$ 789.4 million |
| Growth Rate | CAGR of 5.6% |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 119 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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