![[Market Report] Global Molding Materials Market](https://image.mono.ipros.com/public/product/image/540/2001117311/IPROS09063872827547252727.jpeg?w=280&h=280)
[Market Report] Global Molding Materials Market
The global molding materials market is expected to reach 17.16 billion USD by 2031.
The global molding materials market is expected to experience significant growth, with revenues reaching $10.6 billion in 2022. According to recent market research, the market is projected to expand at a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2022. By 2031, it is estimated to ultimately reach $17.16 billion. Molding materials, known for their excellent properties, are versatile composites that are seeing increased demand across various industries, including automotive, electrical, industrial, electronics, and aerospace. Molding materials are composites formulated from a blend of silica, epoxy resins, phenolic resins, polyesters, pigments, and other additives. These compounds exhibit a range of properties such as high strength, heat resistance, corrosion resistance, and dimensional stability. As a result, molding materials are widely used in the manufacturing of parts and products that require durability, reliability, and precision. For application methods, please check the [PDF download] button or apply directly through the related links.
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