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The global market for sheet moulding compound (SMC) is anticipated to develop at a CAGR of 6.40% from 2023 to 2030, reaching an estimated value of USD 2.90 billion. The study on the sheet moulding compound (SMC) market examines the expansion that has been brought about by the rising usage of lightweight materials in transportation as well as the performance advantages they offer, such as reduced corrosion in the construction sector.
Compression moulding is the main use for the sheet moulding compound, which is a ready-to-mold glass-fibre reinforced polyester material. Larger components with a need for increased mechanical strength typically employ it. A sheet moulding compound is a thermoset material with fibre reinforcement. When compared to other materials like metals and even other polyesters like bulk moulding compound, sheet moulding compound's small weight is by far its most significant benefit.
The demand for commercial and passenger vehicles subject to strict emission regulations, the rising penetration of carbon fibre for the development of low-density SMCs, the rising demand for bio-based materials and compounds, and the adoption of sheet moulding compounds by various industries as a means of product weight reduction are some of the major and crucial factors that will likely increase demand. However, increasing product sales in the automotive and transportation sectors, as well as the growth of the construction sector, will also significantly contribute by creating numerous chances that will fuel the expansion of the sheet moulding compound (SMC) market in the global economy.
The high cost of product utilisation, combined with escalating difficulties and recycling concerns, are predicted to operate as market inhibitors for the expansion of sheet moulding compound (SMC) in the anticipated timeframe specified above. The primary obstacle to the market's expansion will be the ease with which substitute products are available.
Report Coverage
This research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each global market sub-segments.
REPORT ATTRIBUTES | DETAILS |
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Study Period | 2017-2030 |
Base Year | 2020 |
Forecast Period | 2022-2030 |
Historical Period | 2017-2019 |
Unit | Value (USD Billion) |
Key Companies Profiled | POLYTEC Holding AG, IDI Composites International., Polynt; TEIJIN LIMITED., Premix Group, MENZOLIT, Huayuan Advanced Materials Co.,Ltd, Core Molding Technologies., Changzhou City Jiangshi Composite Technology Co.,Ltd., Koninklijke Ten Cate bv., SHOWA DENKO K.K., China International Composites Industrial Technical Expo, ASTAR, Magna International Inc, Continental Structural Plastics Inc., ISCOPE GmbH, Devi Polymers Private Limited, Mitsui Chemicals, Inc., MCR Mixt Composites Recyclables, ZOLTEK |
Segments Covered | • By Product • By Application • By Geography |
Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
• Market Revenue of Sheet Molding Compound (SMC) Market from 2021 to 2030.
• Market Forecast for Sheet Molding Compound (SMC) Market from 2021 to 2030.
• Regional Market Share and Revenue from 2021 to 2030.
• Country Market share within region from 2021 to 2030.
• Key Type and Application Revenue and forecast.
• Company Market Share Analysis, competitive scenario, ranking, and detailed company
profiles.
• Market driver, restraints, and detailed COVID-19 impact on Sheet Molding Compound (SMC)
Market
Competitive Environment
The research provides an accurate study of the major organisations and companies operating in the global Sheet Molding Compound (SMC) market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
POLYTEC Holding AG
IDI Composites International.
Polynt; TEIJIN LIMITED.
Premix Group
MENZOLIT
Huayuan Advanced Materials Co.,Ltd
Core Molding Technologies.
Changzhou City Jiangshi Composite Technology Co.,Ltd.
Koninklijke Ten Cate bv.
SHOWA DENKO K.K.
China International Composites Industrial Technical Expo
ASTAR
Magna International Inc
Continental Structural Plastics Inc.
ISCOPE GmbH
Devi Polymers Private Limited
Mitsui Chemicals, Inc.
MCR Mixt Composites Recyclables
ZOLTEK
Primary Target Market
• Market Players of Sheet Molding Compound (SMC)
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Third-party knowledge providers
• Value-Added Resellers (VARs)
Market Segment
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Sheet Molding Compound (SMC) market based on the below-mentioned segments:
Global Sheet Molding Compound (SMC) Market, By Type
Glass Fiber
Carbon Fiber
Others
Global Sheet Molding Compound (SMC) market, By Application
Automotive
Electrical & Energy
Construction
Transportation
Wastewater
Aviation and Defense
Others
Global Sheet Molding Compound (SMC) market, Regional Analysis
North America
-THE US
-Canada
-Mexico
Europe
-Germany
-Uk
-France
-Italy
-Spain
-Russia
-Rest of Europe
The Asia Pacific
-China
-Japan
-India
-South Korea
-Australia
-Rest of Asia Pacific
South America
-Brazil
-Argentina
-Rest of South America
Middle East & Africa
-UAE
-Saudi Arabia
-Qatar
-South Africa
-Rest of Middle East & Africa