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US Thermoset Molding Compound Market

ID: MRFR/CnM/15848-HCR
111 Pages
Chitranshi Jaiswal
October 2025

US Thermoset Molding Compound Market Research Report: By Type (Phenolic Resin, Epoxy Resin, Polyester Resin, Urea Formaldehyde, Melamine Formaldehyde, Others) and By End User (Automotive, Aerospace, Electrical and Electronics, Others) - Forecast to 2035

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US Thermoset Molding Compound Market Infographic
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US Thermoset Molding Compound Market Summary

As per analysis, the US thermoset molding compound market is projected to grow from USD 2.28 Billion in 2025 to USD 6.83 Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 11.6% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The US thermoset molding compound market is poised for growth driven by sustainability and technological advancements.

  • The electrical components segment remains the largest contributor to the thermoset molding compound market.
  • Automotive parts are identified as the fastest-growing segment, reflecting increasing demand for lightweight materials.
  • Sustainability initiatives are shaping product development, with a focus on recycling and eco-friendly materials.
  • The growing demand from the automotive sector and increasing adoption in aerospace applications are key drivers of market expansion.

Market Size & Forecast

2024 Market Size 2.04 (USD Billion)
2035 Market Size 6.83 (USD Billion)
CAGR (2025 - 2035) 11.6%

Major Players

BASF (US), Hexion (US), Momentive (US), DuPont (US), SABIC (US), Ashland (US), Covestro (US), Mitsubishi Chemical (US), Polynt (US)

US Thermoset Molding Compound Market Trends

The US thermoset molding compound market is currently experiencing a notable evolution, driven by advancements in material science and increasing demand across various industries. Thermoset materials, known for their durability and heat resistance, are becoming increasingly popular in sectors such as automotive, aerospace, and electronics. This shift is largely attributed to the need for lightweight yet robust components that can withstand extreme conditions. As manufacturers seek to enhance product performance and sustainability, the adoption of thermoset molding compounds is likely to rise, reflecting a broader trend towards innovative materials in manufacturing processes. Moreover, the regulatory landscape in the United States is evolving, with stricter environmental standards influencing material selection. This trend suggests that companies are not only focusing on performance but also on the environmental impact of their products. The US thermoset molding compound market appears poised for growth as businesses adapt to these changes, potentially leading to increased investment in research and development. As the market matures, it may witness the emergence of new players and technologies, further diversifying the landscape and enhancing competition among existing manufacturers.

Sustainability Initiatives

The US thermoset molding compound market is increasingly influenced by sustainability initiatives. Manufacturers are exploring bio-based thermoset materials and recycling processes to reduce environmental impact. This trend aligns with growing consumer demand for eco-friendly products and compliance with stringent regulations.

Technological Advancements

Technological advancements in processing techniques are reshaping the US thermoset molding compound market. Innovations such as improved curing methods and enhanced formulation technologies are enabling the production of more efficient and high-performance materials, catering to diverse industrial applications.

Customization and Specialization

Customization and specialization are becoming prominent trends within the US thermoset molding compound market. As industries seek tailored solutions for specific applications, manufacturers are increasingly offering bespoke formulations that meet unique performance requirements, thereby enhancing product differentiation.

Market Segment Insights

By Application: Electrical Components (Largest) vs. Automotive Parts (Fastest-Growing)

In the US thermoset molding compound market, the application segments are diversified, with Electrical Components holding the largest share. This dominance is attributed to the increasing demand for durable and insulating materials in various electronic devices. Following closely, Automotive Parts represent a rapidly expanding segment, fueled by the automotive industry's transition towards lightweight materials and advanced manufacturing processes that leverage thermoset molding technologies.

Market Applications: Electrical Components (Dominant) vs. Automotive Parts (Emerging)

Electrical Components are the dominant segment in the US thermoset molding compound market, as they provide essential properties such as heat resistance and electrical insulation, which are critical in electronics manufacturing. This segment thrives due to inflated demands from consumer electronics and electric vehicles. On the other hand, Automotive Parts are emerging quickly due to the industry's push for innovation in vehicle design and performance. With an increasing focus on sustainability and efficiency, automotive manufacturers are adopting thermoset materials that offer strength and lower weight, thereby enhancing fuel efficiency and reducing emissions, making this segment one to watch.

By End Use Industry: Automotive (Largest) vs. Aerospace (Fastest-Growing)

The US thermoset molding compound market is significantly influenced by the end use industry, with the automotive segment leading in market share. Automotive applications utilize thermoset molding compounds due to their superior mechanical properties and resistance to heat and chemicals, making them essential in various vehicle components. The electronics and construction industries also contribute notable shares, focusing on lightweight and durable solutions, while the aerospace segment is rapidly gaining traction due to the increasing demand for advanced materials in aircraft design and manufacturing.

Automotive: Dominant vs. Aerospace: Emerging

The automotive sector remains the dominant force in the US thermoset molding compound market, characterized by its extensive use in interior and exterior components, including dashboards and bumpers. This sector benefits from the requirement for materials that provide high strength and durability, ensuring vehicle safety and longevity. Conversely, the aerospace segment is emerging with significant growth potential, driven by advancements in technology and materials aimed at improving aircraft performance and fuel efficiency. Aerospace applications demand lightweight materials that can withstand extreme conditions, presenting a unique opportunity for thermoset molding compounds to enhance structural integrity and reduce overall weight.

By Material Type: Epoxy (Largest) vs. Polyester (Fastest-Growing)

In the US thermoset molding compound market, epoxy holds the largest market share, driven by its superior adhesion, chemical resistance, and mechanical strength. It is predominantly used in automotive, aerospace, and electronic applications. Polyester, on the other hand, is gaining traction due to its cost-effectiveness and versatility in various applications, making it the fastest-growing segment. The market dynamics are influenced by the increasing demand for lightweight and durable materials across multiple industries. The growth trends for these materials are closely associated with innovations in manufacturing processes and a rising focus on sustainability. Epoxy's established performance in high-end applications continues to dominate, but polyester's rapid adoption in budget-sensitive markets demonstrates its appeal. As industries evolve, the need for better-performing thermoset compounds propels both segments, particularly with advancements aimed at enhancing the properties of polyester compounds.

Epoxy (Dominant) vs. Polyester (Emerging)

Epoxy, recognized for its exceptional mechanical and thermal properties, stands as the dominant force within the US thermoset molding compound market. It is widely preferred in high-performance applications like automotive, aerospace, and consumer electronics due to its robust bonding capabilities and resilience against chemical exposure. In contrast, polyester represents an emerging segment that is rapidly gaining attention, particularly in applications requiring cost-effective solutions without compromising too much on performance. While epoxy serves high-end industries, polyester is penetrating markets seeking versatility, lightweight options, and increased production efficiency. The ongoing developments in the polyester formulation, aimed at enhancing durability and heat resistance, position it well for future growth as it challenges epoxy in specific applications.

Get more detailed insights about US Thermoset Molding Compound Market

Key Players and Competitive Insights

The thermoset molding compound market exhibits a dynamic competitive landscape characterized by innovation and strategic positioning among key players. Major companies such as BASF (US), Hexion (US), and DuPont (US) are actively shaping the market through various strategies. BASF (US) focuses on sustainability and product innovation, aiming to enhance its portfolio with eco-friendly solutions. Hexion (US) emphasizes technological advancements in its manufacturing processes, while DuPont (US) is leveraging its extensive research capabilities to develop high-performance materials. Collectively, these strategies foster a competitive environment that prioritizes innovation and sustainability, driving growth in the sector.

Key business tactics within the thermoset molding compound market include localizing manufacturing and optimizing supply chains to enhance efficiency and responsiveness. The market structure appears moderately fragmented, with several players vying for market share. The collective influence of these key players is significant, as they not only compete on product offerings but also collaborate on sustainability initiatives, thereby shaping industry standards and practices.

In November 2025, Hexion (US) announced a strategic partnership with a leading automotive manufacturer to develop advanced thermoset composites aimed at reducing vehicle weight and enhancing fuel efficiency. This collaboration underscores Hexion's commitment to innovation and positions it favorably within the automotive sector, where lightweight materials are increasingly in demand. The partnership is likely to enhance Hexion's market presence and drive revenue growth through the introduction of cutting-edge products.

In October 2025, DuPont (US) unveiled a new line of thermoset molding compounds designed specifically for the aerospace industry, focusing on high-temperature resistance and lightweight properties. This launch reflects DuPont's strategic emphasis on high-performance applications, catering to the growing demand for advanced materials in aerospace. The introduction of these specialized products may strengthen DuPont's competitive edge and expand its customer base in this niche market.

In September 2025, BASF (US) expanded its production capacity for thermoset resins in response to increasing market demand. This expansion is indicative of BASF's proactive approach to scaling operations and meeting customer needs. By enhancing its production capabilities, BASF is likely to improve its market position and ensure a reliable supply of products to its clients, thereby reinforcing its competitive stance.

As of December 2025, current trends in the thermoset molding compound market include a pronounced focus on digitalization, sustainability, and the integration of AI technologies. Strategic alliances among companies are increasingly shaping the competitive landscape, fostering collaboration on research and development initiatives. Looking ahead, competitive differentiation is expected to evolve, with a shift from price-based competition to a greater emphasis on innovation, technological advancements, and supply chain reliability. This transition may redefine market dynamics, compelling companies to invest in R&D and sustainable practices to maintain a competitive edge.

Key Companies in the US Thermoset Molding Compound Market market include

Industry Developments

Recent developments in the US Thermoset Molding Compound Market show a bright trajectory marked by advancements and strategic movements among key players. As of August 2023, BASF launched a new line of thermoset materials tailored for electric vehicle applications, enhancing performance and sustainability.

Companies like Momentive Performance Materials are also expanding their product offerings to meet increasing demand in sectors such as aerospace and automotive. In terms of mergers and acquisitions, Hexion announced in July 2023 its acquisition of a specialty resin manufacturer aimed at bolstering its position in the thermoset market.

The market has exhibited substantial growth, reflected by Royal DSM's reported revenue increase of 12% in Q2 2023, indicating a thriving demand for thermoset solutions in various industries. Furthermore, Huntsman continues to invest in Research and Development, encouraging innovation and sustainability in their thermoset product range.

Notably, the US government has been promoting eco-friendly materials, driving further interest and investment into this sector. Over the past few years, significant engagements have reshaped the landscape, with companies continuously adapting to meet the evolving needs of industries relying on thermoset molding compounds.

Future Outlook

US Thermoset Molding Compound Market Future Outlook

The US thermoset molding compound market is projected to grow at 11.6% CAGR from 2024 to 2035, driven by increasing demand in automotive, aerospace, and electronics sectors.

New opportunities lie in:

  • Development of bio-based thermoset compounds for sustainable applications.
  • Expansion into high-performance composites for aerospace components.
  • Investment in automated manufacturing processes to enhance production efficiency.

By 2035, the thermoset molding compound market is expected to achieve robust growth and innovation.

Market Segmentation

US Thermoset Molding Compound Market Application Outlook

  • Electrical Components
  • Automotive Parts
  • Consumer Goods
  • Aerospace Components

US Thermoset Molding Compound Market Material Type Outlook

  • Epoxy
  • Polyester
  • Phenolic
  • Polyurethane

US Thermoset Molding Compound Market End Use Industry Outlook

  • Automotive
  • Electronics
  • Construction
  • Aerospace

Report Scope

MARKET SIZE 20242.04(USD Billion)
MARKET SIZE 20252.28(USD Billion)
MARKET SIZE 20356.83(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)11.6% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledBASF (US), Hexion (US), Momentive (US), DuPont (US), SABIC (US), Ashland (US), Covestro (US), Mitsubishi Chemical (US), Polynt (US)
Segments CoveredApplication, End Use Industry, Material Type
Key Market OpportunitiesGrowing demand for lightweight, durable materials in automotive and aerospace sectors drives US thermoset molding compound market opportunities.
Key Market DynamicsGrowing demand for lightweight materials drives innovation in the US thermoset molding compound market.
Countries CoveredUS

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FAQs

What is the expected market size of the US Thermoset Molding Compound Market in 2024?

The US Thermoset Molding Compound Market is expected to be valued at 1.95 billion USD in 2024.

What is the projected market value of the US Thermoset Molding Compound Market by 2035?

By 2035, the market is projected to reach a valuation of 4.15 billion USD.

What is the expected compound annual growth rate (CAGR) for the US Thermoset Molding Compound Market from 2025 to 2035?

The expected CAGR for the market from 2025 to 2035 is 7.107%.

Which type of thermoset resin is expected to dominate the market by 2035?

By 2035, Epoxy Resin is expected to dominate the market with a value of 1.1 billion USD.

What are the expected market values for Phenolic Resin and Polyester Resin in 2035?

Phenolic Resin is expected to reach 0.95 billion USD and Polyester Resin is expected to reach 0.75 billion USD by 2035.

Who are the key players in the US Thermoset Molding Compound Market?

Key players include Momentive Performance Materials, BASF, and Huntsman among others.

What is the expected value of the Urea Formaldehyde market segment in 2024?

The Urea Formaldehyde segment is expected to be valued at 0.3 billion USD in 2024.

What challenges could impact the growth of the US Thermoset Molding Compound Market?

Market growth could be impacted by competition among major players and fluctuating raw material costs.

What growth opportunities exist in the US Thermoset Molding Compound Market?

There are opportunities in emerging applications and advancements in thermoset resin technology.

How are global factors expected to influence the US Thermoset Molding Compound Market?

Global factors may influence demand and supply chain dynamics, potentially affecting market stability.

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