Global Sheet Molding Compound and Bulk Molding Compound Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027
“Global Sheet Molding Compound and Bulk Molding Compound Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global sheet molding compound and bulk molding compound market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global sheet molding compound and bulk molding compound market report has been segmented on the basis of fiber type, resin type, application, and region.
Sheet-molding compounds (SMC) are used in wide range of applications in automotive sector such as deck-lids, front ends, hoods, bonnets, and spoilers. Bulk-molding compounds (BMC) are used in various automotive parts such as headlight liners, ignition parts, and valve covers. The sheet-molding compounds and bulk-molding compounds offer immense excellent features compared to other conventional compounds, that are made up of steel and iron. These compounds are highly needed in the automotive sector for fuel-efficient vehicles. Sheet molding compound and bulk molding compound composites that are based on the polyester resin offers flame and fire resistance properties, and thus, are being used in the electrical & electronics applications.
Increasing demand for sheet molding compounds and bulk molding compounds across various end-use industries such as automotive and construction is a major factor expected to drive growth of the target market over the next 10 years. In addition, increasing scope of its application in electrical and electronics industry is another key factor expected to support revenue growth of the global market over the next few years.
Various features offered by these composite materials such as flame and fire resistance, and others is another key factor estimated to fuel adoption of these products, which in turn is expected to fuel growth of the target market over the forecast period. Moreover, sheet molding compounds and bulk molding compounds have various applications in various industrial sectors, which in turn anticipated to drive growth of the global
Asia Pacific sheet molding compound and bulk molding compound market is expected to account for significant share in terms of revenue in the global market. In addition, Asia Pacific market is also anticipated to register fastest growth in terms of revenue over the next few years, owing to increasing demand from automotive and construction industries in countries in this region. In addition, increasing investments by various automotive manufacturers in various countries such as China and India in Asia Pacific, and rising demand for the products from various end-use industries are other key factors projected to drive growth of the Asia Pacific market in the next 10 years. The market in India is projected to account for significant share in terms of revenue in the Asia Pacific market. Growing awareness regarding various properties offered by these composite materials among manufacturers in countries in this region are other factors expected to drive growth of end-use industries, which in turn is anticipated to support revenue growth of the target market in this region.
Global Market Segmentation:
Segmentation by fiber type:
- Glass Fiber
- Carbon Fiber
Segmentation by resin type:
- Others (vinyl ester, epoxy, phenolic, and PEEK resins)
Segmentation by application:
- Automotive & Transportation
- Electrical & Electronics
- Others (industrial, medical, household appliances, and renewable energy)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- IDI Composites International, Inc.
- HGGC Citadel Plastics Holdings, Inc.
- Menzolit GmbH
- Polynt S.p.A.
- Core Molding Technologies, Inc.
- Continental Structural Plastics Inc.
- Koninklijke Ten Cate nv
- Showa Denko K.K.
- Shanghai Aojin Fiberglass Products Co Ltd.
- Astar SA
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