Thermosetting Moulding Material for Electronics Market

Thermosetting Moulding Material for Electronics Market Outlook (2024 to 2034)

Based on the recent industry analysis by Fact.MR, the global thermosetting moulding material for electronics market is worth US$ 1.4 billion in 2024 and has been forecasted to expand at a CAGR of 5.3% to climb to US$ 2.5 billion by the end of 2034.

Thermosetting moulding materials are ideal for electrical and electronic applications since they have excellent thermal and electrical properties. They are also resistant to corrosion and have high impact strength. Since companies are always looking for parts that can sustain extreme conditions, the use of thermosetting moulding materials is increasing across many industries that reply on electronic parts.

Thermosetting materials are used for circuit breakers, insulators, and transformers. These materials are also used for industrial and commercial applications with higher temperatures.

Having analysed the market region-wise, this study projects North America and East Asia to collectively account for over two-thirds market share over the next ten years, with the consumer electronics sector accounting for one-third consumption of thermosetting moulding materials.

Report Attributes	Details
Thermosetting Moulding Material for Electronics Market Size (2023A)	US$ 1.3 Billion
Estimated Market Value (2024E)	US$ 1.4 Billion
Forecasted Market Value (2034F)	US$ 2.5 Billion
Global Market Growth Rate (2024 to 2034)	5.3% CAGR
East Asia Market Share (2024)	36.5%
China Market Growth Rate (2024 to 2034)	5.9% CAGR
Key Companies Profiled	Unimin-Sibelco Golovach Quartz The Quartz Corporation Tosoh Corporation ANZAPLAN GmbH HPQ Silicon Resources Inc. Jiangsu Pacific Quartz Co Russian Quartz LLC-Kyshtym Mining-Sumitomo Nordic Mining ASA CB Minerals Ashland Global Holding Inc. BASF SE Other Prominent Players

Sales Analysis of Thermosetting Moulding Material for Electronics (2019 to 2023) vs. Market Forecasts (2024 to 2034)

Worldwide revenue from the sales of thermosetting moulding material for electronics increased at 3.8% CAGR between 2019 and 2023.

• Short Term (2024 to 2027): Injection moulding electronics is a trending manufacturing method in the automotive industry as it reduces wastage and increases the durability of the product. Smallest details of the design can be taken into account with an affordable range of pricing.
• Medium Term (2027 to 2030): Artificial intelligence will be used for the moulding process as it will provide significant benefits for production. Wastage will be minimized, accuracy in dimensions will be improved, and efficiency of production will be increased.
• Long Term (2030 to 2034): Manufacturers will focus on sustainable material. The market is slowly witnessing a shift toward sustainability with more investments in bio-degradable plastic materials. Recently, the Netherlands produced a 100% bio-based, non-toxic, and biodegradable thermoset plastic. Over the coming years, this is expected to replace other plastics.

The global thermosetting moulding material for electronics market size has been studied to expand at a CAGR of 5.3% from 2024 to 2034, according to this report by Fact.MR, a market research and competitive intelligence provider.

Why is Use of Thermosetting Moulding Materials Increasing in Electronics?

“Rising Demand for High-Performance Materials in Electronics Industry”

Automotive and aerospace industries are replacing standard materials with lightweight machines and engines. Lightweight parts can reduce overall material and manufacturing costs, improve the performance of engines and machines, and speed up production. Military aircraft use thermosetting materials due to their lightweight, corrosion resistance, chemical resistance, and durable features.

Thermosetting polyimide is used in insulators and electric spacers of aircraft as it has higher ductility and lower weight than metal. It is used in the skin of supersonic aircraft. Certain complex and geometric shapes can’t be achieved by metal fabrication; however, thermosetting mould materials are the perfect alternative to achieve this.

• According to the National Aeronautics and Space Administration (NASA) guidelines for the aerospace industry, epoxies and polyimides are the most common thermosets used in aerospace vehicles.

What Challenges Do Manufacturers of Thermosetting Moulding Materials for Electronics Face?

“Alternative Substances Pose Huge Threat to This Market”

Chemicals used for manufacturing thermosetting materials are harmful to health and cause asthma, allergies, and eczema. Once the thermosetting moulding material is solidified, it can’t be liquefied anymore. Hence, recycling the thermosetting is difficult and it can’t be remoulded and reshaped again.

Disadvantages of not being recyclable, having an environmental impact, and new governmental regulations are pushing more end users to opt for alternative substances and materials.

• For instance, European legislation emphasizes recycling waste instead of landfilling. However, recycling thermoset composite is very difficult and the process is very slow and expensive.

Thermoplastic material is recyclable and is also aesthetically superior to thermosetting material mould. As per the latest thermosetting moulding material for electronics market trends, two-component molds are emerging as an alternative and are being widely used in electronic appliances and gadgets.

Country-wise Insights

What are the Factors Driving Thermosetting Moulding Materials for Electronics Market Growth in China?

“Huge Electronics Manufacturing Industry in the Country”

The market in China is estimated at US$ 311 million in 2024 and is projected to expand at a CAGR of 5.9% through 2034. This growth will generate a US$ 241.2 million absolute opportunity from 2024 to 2034.

Excellent stability and resistance to temperature make thermosetting materials suitable for electrical and electronic appliances. Use of thermoplastics offers a higher degree of freedom for design and shortens assembly times, which lowers the total production cost of consumer electronics. Epoxies and polyesters are ideal for electronic components.

• According to the Semiconductor Industry Association, China is producing 36% of the electronics in the world, which makes it the world's largest manufacturing hub. The Chinese government is encouraging electronics manufacturers to produce more and become global leaders.
• According to the State Council of The People’s Republic of China, in September 2022, China removed institutional barriers such as compulsory certification mechanisms and allowed electronics and electrical appliance manufacturers to self-certify and self-inspect their products.

Will the United States Be a Profitable Market for Thermosetting Moulding Material Producers?

“High Use of Thermosetting Polyimide in Aerospace Applications”

The market for thermosetting moulding material for electronics in the United States is estimated at US$ 307 million in 2024 and is projected to advance at a CAGR of 5.7% through 2034, generating a US$ 229.9 million absolute opportunity from 2024 to 2034.

In the aerospace industry, thermosetting polyimide is used in electrical spacers and insulators for threaded nuts and other components. It exhibits excellent mechanical properties and has high chemical resistance. Its high ductility also makes it an ideal choice for the aerospace industry.

Metals are heavy and lightweight parts are desired in the aerospace industry. Also, metal-to-metal connections have a high risk of failure since they have vibrating and sliding properties, whereas, high-performance polyimide has anti-rotational properties, which can be used to assemble two separate metal parts. This increases the service life of aircraft and even unmanned aircraft (such as drones), which is a big industry in the United States.

• According to the U.S. International Trade Administration, the U.S. aerospace industry is the largest in the world.
• According to the Airlines of Americas report, in 2022, U.S. commercial aviation was equivalent to US$ 1.25 trillion.
• According to the Aerospace Industry Association, in 2022, the American aerospace and defense industry generated over US$ 952 billion in sales.

Category-wise Insights

Where are Thermosetting Moulding Materials Most Extensively Used?

“High Usage in Manufacturing of Consumer Electronics”

Consumer electronics are estimated to account for 37.3% of the thermosetting moulding material for electronics market share in 2024, and the segment is projected to reach a market valuation of US$ 558.5 million by 2034-end.

Thermosetting moulding material has better performer than thermoplastics for the encapsulation of electronic components. As thermosetting material has excellent thermochemical properties it offers efficient component manufacturing and designing compared to thermoplastics.

Thermosetting material such as Bakelite is commonly used in the electrical industry for switches, sockets, wire insulations, and boards. Epoxy is another type of thermosetting material used in the aerospace industry to cover electrical components. Polyimide is also widely used for the manufacturing of sockets.

Why is Epoxy Thermosetting Mould in Such High Demand?

“Versatile Applications of Epoxy Resins across Industries”

Epoxies serve as key material across industries as they exhibit multifunctional attributes. Due to their dielectric strength-electrical conductivity and insulation strength-they play a crucial role in the electrical industry. They have a range of applications in motors, transformers, generators, and insulators.

Furthermore, unique physicomechanical properties allow for a wide range of applications in radio engineering and the aerospace industry. Epoxies are also used as a replacement for mechanical fasteners due to their anti-corrosive and adhesive properties.

• According to the U.S. National Library of Medicine, global thermosetting plastic production is 12% of total global plastic production, which is 44 million tonnes.

Eminent Player’s Key Stratagems

Leading players in the thermosetting moulding material for electronics market are BASF SE, Golovach Quartz, The Quartz Corporation, ANZAPLAN GmbH, HPQ Silicon Resources Inc., Jiangsu Pacific Quartz Co., Kyshtym Mining–Sumitomo, Nordic Mining ASA, CB Minerals, and Ashland Global Holding Inc.

Environmental sustainability is a growing focus, with companies opting for eco-friendly materials and sustainable processes. Market expansion efforts involve forging global partnerships and distribution networks, while continuous innovation is driving product efficiency and cost-effectiveness.

• In December 2023, Hindawi launched a self-healing thermosetting polymer for underwater application. Investments in R&D were made to widen the company’s product portfolio.
• In April 2017, Hexion Inc. introduced a new Bakelite phenolic resin, Bakelite® PF 7835 LB Resin, which can resist mechanical deformation, sterilization processes, and aggressive chemicals. It can be used as a protective liner in tubes, food canes, and other metal containers.

Fact.MR has provided detailed information about the price points of key manufacturers of thermosetting moulding materials for electronics positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Thermosetting Moulding Material for Electronics Market Research

• By Base Material :

  • High Purity Quartz (HPQ)
    • Lower Purity Grades
    • HPQ Powder
    • Grade I HPQ
    • Grade II HPQ
    • Grade III HPQ
  • Competitive Products
    • Fumed Silica
    • Spherulised Fused Silica
    • Synthetic Silica
    • Crystal Silica
    • Ti, Al, Zr, Ferrite Powders

• By Application :

  • Epoxies
  • Polyester
  • Polyurethane
  • Polyimide
  • Formaldehyde, and melamine formaldehyde
  • Bakelite
  • Others

• By End Use :

  • Consumer Electronics
  • Automotive
  • Aerospace

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa