Sheet Molding Compound Market Size, Share & Analysis to 2030

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The future of the global SMC market looks promising with in the transportation, electrical & electronics, and construction industries. The global SMC market is expected to reach an estimated $4.8 billion by 2030 with a CAGR of 3.5% from 2023 to 2030. The major growth drivers for this market are increasing use of lightweight materials in transportation, and performance benefits, such as lower corrosion in construction and higher thermal resistance in E&E industries.

Emerging Trends in the SMC Market

Emerging trends which have a direct impact on the dynamics of the industry includes the increasing penetration of carbon fiber-based SMC, development of low density SMC, and introduction of Direct-SMC. Teijin Limited, Polytec Group, IDI Composites International, Polynt Group, Lorenz, Menzolit GmbH, Ningbo HAMC Group, Core Molding Technologies, Changzhou Jiang's Composite Materials Technology Co., Ltd., LyondellBasell are among the major suppliers of SMC.

A total of 140 figures / charts and 97 tables are provided in this 205-page report to help in your business decisions. A sample figure with insights is shown below. 

SMC Market by Segment

The study includes a forecast for the global SMC market by end use, fiber type, resin type, density, and region as follows:

SMC Market by End Use [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:

SMC Market by Fiber Type [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:

SMC Market by Resin Type [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:

• Polyester

• Vinyl Ester

  and Others

SMC Market by Density [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:

SMC Market by Region [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:

• North America

• Europe

• Asia Pacific

• The Rest of the World

List of SMC Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies SMC companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the SMC companies profiled in this report includes.

• Teijin Limited

• Polytec Group

• IDI Composites International

• Polynt Group

• Lorenz

• Menzolit GmbH

• Ningbo HAMC Group

• Core Molding Technologies

• Changzhou Jiang's Composite Materials Technology Co., Ltd.

• LyondellBasell

SMC Market Insight

• Lucintel forecasts that in this market, transportation will remain the largest end use supported by growing automotive production and increasing focus on lightweight materials. Pickup truck boxes, deck lids, fenders, hoods, and bumpers are some of the major applications of SMC in the transportation industry. Construction is expected to witness the highest growth over the forecast period.

• Glass fiber based SMC will remain the largest segment over the forecast period supported by its high performance characteristics and it is also expected to witness the highest growth over the forecast period.

• Asia Pacific is expected to remain the largest market by value and volume. ROW is expected to witness the highest growth over the forecast period because of growing demand from construction and other end uses.

Features of SMC Market

• Market Size Estimates: SMC market size estimation in terms of value ($M) and (M lbs).

• Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.

• Segmentation Analysis: Market size by end use, fiber type, resin type, density, and region

• Regional Analysis: SMC market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.

• Growth Opportunities: Analysis of growth opportunities in different end use, fiber type, resin type, density, and region for the SMC market.

• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the SMC market.

• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q2. What is the growth forecast for SMC market?
Answer: The SMC market is expected to grow at a CAGR of 3.5% from 2024 to 2030.      
Q3. What are the major drivers influencing the growth of the SMC market?
Answer: The major growth drivers for this market are increasing use of lightweight materials in transportation, and performance benefits, such as lower corrosion in construction and higher thermal resistance in E&E industries.         
Q4. What are the major applications or end use industries for SMC?
Answer: Transportation and Construction are the major end uses for SMC.
Q5. What are the emerging trends in SMC market?
Answer: Emerging trends which have a direct impact on the dynamics of the industry include the increasing penetration of carbon fiber-based SMC, development of low density SMC, and introduction of direct-SMC.
Q6. Who are the key SMC companies?
Answer: Some of the key SMC companies are as follows:

• Teijin Limited

• Polytec Group

• IDI Composites International

• Polynt Group

• Lorenz

• Menzolit GmbH

• Ningbo HAMC Group

• Core Molding Technologies

• Changzhou Jiang's Composite Materials Technology Co., Ltd.

• LyondellBasell

Q7.Which SMC fiber type segment will be the largest in future?
Answer: Lucintel forecasts that glassfiber based SMC will remain the largest segment and it is also expected to witness the highest growth over the forecast period supported by its high performance characteristics.
Q8. In SMC market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years. 
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
 

This report answers following 11 key questions

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