Carbon Fiber Based Smc Bmc Market Scope And Analysis

Report Code : TIPRE00030115
Category : Chemicals and Materials

Status : Published
No. of Pages : 172

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Carbon Fiber-Based SMC BMC Market Analysis Report 2023 to 2030

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Carbon Fiber-Based SMC BMC Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 749.51 Million
Market Size by 2030	US$ 1,240.08 Million
Global CAGR (2022 - 2030)	6.5%
Historical Data	2020-2021
Forecast period	2023-2030
Segments Covered	By Resin Type Polyester Vinyl Ester Epoxy By End-Use Industry Automotive Aerospace Electrical and Electronics Building and Construction
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Teijin Carbon Europe GmBH Mitsubishi Chemical Corp ASTAR SA Menzolit Polynt SpA IDI Composite International LyondellBasell Industries Holdings BV Lattice Composites LLC Toray Advanced Composites

IMPACT OF COVID-19 PANDEMIC/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

Industries such as automotive, electronics, and aerospace have been the major consumers of carbon fiber-based SMC BMC. In 2020, these industries had to slow down their operations due to disruptions in the value chain caused by government regulations and trade restrictions. Moreover, lockdowns imposed by different countries hampered the inventory levels of many manufacturers in the same year. The shortage of labor resulted in a reduction in carbon fiber-based SMC BMC production and distribution operations. Additionally, government restrictions and other COVID-19-related precautions reduced the operational capacities of stakeholders in the carbon fiber-based SMC BMC market value chain.

In late 2021, the global carbon fiber-based SMC BMC market began recovering from the losses incurred in 2020, with the revival of end-use industries such as automotive, construction, and electrical & electronics. Expansion in production capacities in the chemicals & materials industry post-COVID-19 pandemic in many regions, such as Asia Pacific and North America, is expected to create lucrative opportunities for the carbon fiber-based SMC BMC market in the coming years.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Teijin Carbon Europe GmBH, Mitsubishi Chemical Corp, ASTAR SA, Menzolit, Polynt SpA, IDI Composite International, LyondellBasell Industries Holdings BV, Lattice Composites LLC, Toray Advanced Composites, and YS ACC are among the key players operating in the carbon fiber-based SMC BMC market.