Sheet Molding Compound (SMC) Market Overview, Growth, and Trends (2021-2031)

MARKET INTRODUCTION

Sheet moulding compound is a ready to mould glass-fibre reinforced polyester material majorly used in compression moulding. It is usually utilized for larger parts where higher mechanical strength is required. Sheet moulding compound is a fiber reinforced thermoset material. The most important advantage of sheet moulding compound is its light weight when compared to other substances, such as metals and even other polyesters such as bulk molding compound. It is also easy to manufacture and can be produced in high volume.

MARKET DYNAMICS

The rising demand for light weight products from the transportation and automotive industries is aiding the growth of the sheet moulding compound market growth. These industries are adopting sheet moulding compounds as a measure towards product weight reduction. Vital components of pickup truck boxes, bumpers, hoods, fenders, and deck lids are finding enormous applications of sheet molding compounds, subsequently growing the product sales in the automotive and transportation industry. Moreover, the expansion of the construction industry is anticipated to create further opportunities for the market in the coming years.

MARKET SCOPE

The "Global Sheet Molding Compound (SMC) Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the sheet molding compound market with detailed market segmentation by fiber type, end-use industry and geography. The global sheet molding compound market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading sheet molding compound market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global sheet molding compound market is segmented on the basis of fiber type and end-use industry. On the basis of fiber type, sheet molding compound market is classified into glass fiber and carbon fiber. On the basis of end-use industry, market is segmented into automotive, electronics, construction, aviation and defence, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global sheet molding compound market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The sheet molding compound market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the sheet molding compound market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the sheet molding compound market in these regions.

MARKET PLAYERS

The reports cover key developments in the sheet molding compound market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from sheet molding compound market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the sheet molding compound market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sheet molding compound market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Ashland
  
•   ASTAR S.A.
  
•   Continental Structural Plastics Inc.
  
•   Core Molding Technologies
  
•   LyondellBasell
  
•   MENZOLIT
  
•   Mitsubishi Chemical Corporation.
  
•   Polynt S.p.A.
  
•   Wacker Chemie AG
  
•   ZOLTEK Corporation
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Sheet Molding Compound (SMC) Report Scope