The Global SMC BMC Market was valued at US$ 3,025.97 million in 2018 and is expected to grow at a CAGR of 6% from 2021 to 2027 to reach US$ 5,398.14 million by 2027.
Sheet Molding Composite (SMC) or Sheet Molding Compound is known as a polyester material reinforced ready-to-mold fiberglass primarily used for compression molding. Sheets are supplied by the manufacturer in rolls weighing up to 1,000 kg. Resins are alternatively combined with related materials and can be mixed on site when manufacturers want better control over chemicals and fillers. It is made by dispersing long strands of chopped fibers, which are basically glass fibers or carbon fibers, in a bath of a thermosetting resin such as polyester resin, vinyl ester resin, or epoxy resin. The longer fibers present in SMC exhibit better strength properties than sheet and bulk molding compound (BMC) products. Typical applications for SMC include demanding electrical applications, corrosion protection requirements, low cost structural components, automotive and transportation. Bulk molding compounds are ready-to-form glass fiber reinforced thermoset polymer materials used for compression molding, along with injection molding and transfer molding.
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Market Segments
Global SMC BMC Market – By Resin Type
- Polyester
- Other Resins
Global SMC BMC Market – By Fiber Type
- Glass Fiber
- Carbon Fiber
Global SMC BMC Market – By End-Use Industry
- Automotive &Transportation
- Aerospace
- Electrical &Electronics
- Building &Construction
- Other End-Use Industries
Company Profiles
- ASTAR S.A.
- Core Molding Technologies
- IDI Composites International
- Toray TCAC Holding B.V.
- MENZOLIT
- Showa Denko K.K.
- HGGC, LLC.
- Continental Structural Plastics Inc.
Scope of the Report
The research study analyzes the global SMC BMC industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report of Global SMC BMC Market is available at: https://www.orionmarketreports.com/smc-bmc-market/62382/
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by SMC BMC Market Report
1. What was the SMC BMC Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the SMC BMC Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the SMC BMC Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global SMC BMC market.
- The market share of the global SMC BMC market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global SMC BMC market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global SMC BMC market.
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