Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.51 Billion | USD 4.86 Billion | 6.83% | 2024 |
FrequentlyAsked Questions
An epoxy molding compound is a thermosetting plastic material that encapsulates and protects sensitive electronics from the environment (moisture, chemicals, mechanical stress).
The epoxy molding compound market is expected to be driven by expanding semiconductor production, increasing electronic content in automotive applications, growing demand for miniaturized electronics, rising adoption of electric vehicles, and technological advancements in compound formulations addressing thermal management challenges.
According to our study, the global epoxy molding compound market was worth around USD 2.51 billion in 2024 and is predicted to grow to around USD 4.86 billion by 2034.
The CAGR value of the epoxy molding compound market is expected to be around 6.83% during 2025-2034.
The global epoxy molding compound market will register the highest growth in North America during the forecast period.
Key players in the epoxy molding compound market include Sumitomo Bakelite Co., Ltd., Hitachi Chemical Co., Ltd., Hysol Huawei Electronics Co., Ltd., Panasonic Corporation, KCC Corporation, Jiangsu Zhongpeng New Material Co., Ltd., Shin-Etsu Chemical Co., Ltd., Samsung SDI Co., Ltd., Kyocera Chemical Corporation, Chang Chun Group, Nama Chemicals, Hexion Inc., Henkel AG and Co. KGaA, Eternal Materials Co., Ltd., Kukdo Chemical Co., Ltd., Nagase ChemteX Corporation, Epoxy Base Electronic Material Corporation Ltd., Nitto Denko Corporation, Evonik Industries AG, and DuPont de Nemours, Inc.
The report comprehensively analyzes the epoxy molding compound market, including an in-depth discussion of market drivers, restraints, emerging trends, regional dynamics, and future growth opportunities. It also examines competitive dynamics, technological innovations, material science advancements, and the changing performance requirements shaping the epoxy molding compound industry ecosystem.
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