Sheet Molding Compound & Bulk Molding Compound

Sheet Molding Compound & Bulk Molding Compound

Global Sheet Molding Compound and Bulk Molding Compound Market to Reach $3.8 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Sheet Molding Compound and Bulk Molding Compound estimated at US$2.8 Billion in the year 2020, is projected to reach a revised size of US$3.8 Billion by 2027, growing at aCAGR of 4.5% over the period 2020-2027. Glass Fiber, one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$2.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Carbon Fiber segment is readjusted to a revised 3.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $766.7 Million, While China is Forecast to Grow at 8.2% CAGR

The Sheet Molding Compound and Bulk Molding Compound market in the U.S. is estimated at US$766.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$787.4 Million by the year 2027 trailing a CAGR of 8.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR.

Select Competitors (Total 42 Featured) -

• Astar S.A.
• Continental Structural Plastics, Inc.
• Core Molding Technologies, Inc.
• Idi Composites International
• Menzolit GmbH
• Polynt S.P.A.
• Royal Ten Cate NV
• Showa Denko K.K.

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