The Global Epoxy Molding Compound Market to Witness Healthy Growth with a CAGR of 3.816% and Reach the Turnover of USD 289.65 Million by 2026
Published | August 2020
Global Epoxy Molding Compound Market has grown securely over the
years. It is likely to register a CAGR of 3.81%, in value terms, over the
projection period 2019-2026, and reach at USD 289.65 Million by 2026. The key
factors driving the demand for epoxy molding compounds are the substitution of
traditional materials with epoxy molding compound based products. The epoxy
molding compounds offer high mechanical strength and productivity.
The aim of the Epoxy Molding Compound (EMC) is to encapsulate
various sensitive electronic instruments. Starme EMC provides a large variety
of halogen-free compounds to suit various application requirements and
preferences. Epoxies are considered useful due to its media resisting
properties. As they are mechanically and environmentally shielded and safe-to-use
goods, besides merits mentioned above, the market for the global epoxy molding is
anticipated to grow steadily in upcoming period.
China Continues to Secure for a Sizeable Revenue Share in Global
Epoxy Molding Compounds Space
The demand for epoxy bulk molding compounds has noticed a higher
growth rate due to the increasing automation implementation and technological
advancements across industries. The ever-increasing urbanization and
subsequently evolving transport networks have led to epoxy molding compound
demand.
As epoxy molding compounds are characteristically more durable
than their regular counterparts, they are also increasingly preferred in
different applications and industries. They also exhibit molding capabilities under
compression and injection molding methods.
Nonetheless, growing competition among the market players in
epoxy molding compounds is expected to lead to the drop down in their prices.
Asia-Pacific, a Significant Market, Expected to Register Substantial
growth in the market during the projection period
The main markets for epoxy molding compounds are China, the US,
Japan, Germany and Canada. Asia-Pacific currently represents the largest market
for Epoxy molding compounds and is expected to record substantial given the
industrial, economic and manufacturing development in different nations.
Within the Middle East & African world, the Brazil is anticipated
to spearhead and register the highest CAGR in demand for epoxy molding
compounds over the projection period. Rising awareness among manufacturers in
the countries in this region about the various properties of these compounds
remains the main factor projected to drive the growth of various end-use
applications industries. It, in turn, is predictable to help the growth of
global market revenues in this area.
Competitive Landscape
The leading players in global Epoxy Molding Compound market are
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 and
Others.
