Lucintel Anticipates the Global Sheet Molding Compound Market to Grow at a CAGR of 5.5% during 2014-2019
Nov 25 (2014
The global sheet molding compound market is expected to grow at a CAGR of 5.5% during 2014-2019. The major driver of the sheet molding compound market is the increasing focus on lightweight materials in the automotive industry to achieve fuel efficiency. The demand for sheet molding compound is driven by the growth in end user industries, such as, transportation, electrical & electronics, and construction. Asia Pacific is the largest consumer of the sheet molding compound, driven by growth in end user industries in China and India.
Lucintel, a leading global Management Consulting and market research firm, has analyzed the global sheet molding compound market by various segments and regions, and has come up with a comprehensive research report “Growth Opportunities for the Global Sheet Molding Compound Market 2014-2019: Trends, Forecast, and Market Analysis.” This report provides an analysis of the sheet molding compound market including analysis of market trends, competitive landscapes, company profiles, emerging trends, and key drivers of industry growth. The study also includes the global sheet molding compound market forecasts through 2019, segmented by regions and markets as follows:
The global sheet molding compound market segmented by regions:
• North America
• Asia Pacific
• Rest of World
The global sheet molding compound market segmented by applications:
• Electricals &Electronics
On the basis of its comprehensive research, Lucintel forecasts that the global sheet molding compound market is expected to depict a moderate growth during 2014-2019. The transportation industry is expected to remain the largest segment in terms of both value and volume during the forecast period. The major driving force behind the growth of the market is the increasing penetration of SMC materials in the automotive industry to reduce the overall weight of the vehicle in order to achieve better fuel efficiency. IDI Composites International, Premix, Menzolit, Magna, Polynt, and Continental Structural Plastics are some of the major producers of sheet molding compound materials for various applications.
This 121 page research report will enable you to make confident business decisions in sheet molding compound industry. For a detailed table of contents and pricing information on this timely and insightful report, click on this link http://www.lucintel.com/ or contact Lucintel at +1-972-636-5056 or via email at email@example.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com. You can also contact us through Live Chat in its website to answer your questions in real time.
Lucintel, the premier global management consulting and market research firm creates winning strategy for growth—whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M & A and Due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com.
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