Global Sheet Molding Compound (SMC) Market Growth 2023-2029

Global Sheet Molding Compound (SMC) Market Growth 2023-2029

Sheet molding compound (SMC) is both a process and reinforced composite material. The composite is a “ready to mold” glass or carbon fiber reinforced polyester material primarily used in compression molding. The SMC sheets are manufactured by dispersing long strands of chopped glass fibers or carbon fibers on a bath of polyester resin, vinylester resin or epoxy resin.
SMC materials are thermosets and contain glass or carbon reinforcement levels between 10 and 60 %. The longer fibers in SMC result in better strength properties than standard bulk molding compound (BMC) products. Typical applications include demanding electrical applications, corrosion resistant needs, structural components at low cost, automotive, and transit. SMC delivers high surface quality. SMC is used for larger parts where higher mechanical strength is needed.
In this report, the SMC we surveyed are finished product of sheet molding compound, which is counterpart of BMC (Bulk molding compound).
LPI (LP Information)' newest research report, the “Sheet Molding Compound (SMC) Industry Forecast” looks at past sales and reviews total world Sheet Molding Compound (SMC) sales in 2022, providing a comprehensive analysis by region and market sector of projected Sheet Molding Compound (SMC) sales for 2023 through 2029. With Sheet Molding Compound (SMC) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Sheet Molding Compound (SMC) industry.
This Insight Report provides a comprehensive analysis of the global Sheet Molding Compound (SMC) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Sheet Molding Compound (SMC) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Sheet Molding Compound (SMC) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Sheet Molding Compound (SMC) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Sheet Molding Compound (SMC).
The global Sheet Molding Compound (SMC) market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.
In Asia-Pacific market, Leading players in SMC industry are IDI Composites International, SDK, Menzolit, Continental Structural Plastics, Molymer SSP, Yueqing SMC & BMC, etc. IDI, SDK, Polynt and Molymer SSP leading the market with 20% of the market.
This report presents a comprehensive overview, market shares, and growth opportunities of Sheet Molding Compound (SMC) market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
General Purpose SMC
Flame Resistance SMC
Electronic Insulators SMC
Corrosion Resistance SMC
Other Type SMC
Segmentation by application
Automotive and Commercial Vehicle
Electrical & Energy
Construction
Other Application
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
IDI Composites International
Menzolit
Polynt
Molymer SSP
Continental Structural Plastics
SDK
Devi Polymers
DIC
Huamei New Material
Yueqing SMC & BMC
Tianma Group
Jiangshi Composite
Huayuan Group
BI-GOLD New Material
Changzhou Rixin
Fonda Thermoset Plastic
SIDA composites
Fu Runda Group
Key Questions Addressed in this Report
What is the 10-year outlook for the global Sheet Molding Compound (SMC) market?
What factors are driving Sheet Molding Compound (SMC) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Sheet Molding Compound (SMC) market opportunities vary by end market size?
How does Sheet Molding Compound (SMC) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.