Molding compounds possess various properties such as having high strength, tenacity, corrosion, and heat resistance, and it is dimensionally stable, owing to such functionalities it is extensively used in various end-use industries such as electrical, automotive, electronics, industrial, manufacturing, and aerospace. Phenol is used in the manufacture of a variety of such compounds, including drugs, dyes, and colorless or light-colored artificial resins. Moulding compounds are used in a wide variety of applications, including metal casting, injection moulding and compression moulding. Phenol is a common component of these compounds, with acetone being another key ingredient. Acetone is widely used as an adhesive, solvent, and dispersing agent in many industries. Phenol and acetone are often used together to make several different moulding compounds. These compounds are useful in the manufacture of plastics, rubber, and many other materials.