The future of the global SMC market looks good with opportunities in transportation, electrical & electronics, and construction industries. The global SMC market is expected to reach an estimated $3.2 billion by 2021 and it is forecast to grow at a CAGR of 4.3% from 2016 to 2021. The major drivers for market growth are growing end-use industries and increasing demand for lightweight materials.
Emerging trends which have a direct impact on the dynamics of the sheet molding compound industry include the increasing penetration of carbon fiber-based SMC, increasing focus of major player towards low density SMC, and introduction of direct-SMC.
A total of 109 figures / charts and 35 tables are provided in this 139-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of the sheet molding compound market report, download the report brochure.
The study includes sheet molding compound market size and forecast for the growth opportunities in the global SMC market through 2021 segmented by end use industry, fiber, resin, and region as follows:
Sheet molding compound market by end use Industry [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:
Electrical & Electronics
Sheet molding compound market by fiber [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:
Sheet molding compound market by resin [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:
Vinylester and Others
Sheet molding compound market by region [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:
Sheet molding compound companies profiled in this market report includes Polytec, Polynt, IDI Composites International, Menzolit, Continental Structural Plastics, Plastic Omnium, and Core Molding Technologies are among the major suppliers of SMC.
On the basis of comprehensive research, Lucintel forecasts that the transportation and construction segments are expected to show above average growth during the forecast period.
Within the global SMC market, the transportation segment is expected to remain the largest segment by value and by volume. Expected growth in automotive production and increased focus on lightweight materials by automotive OEMs are the major driving forces that will drive the growth over the forecast period. Pickup truck boxes, deck lid, fender, hood, and bumpers are some of the major applications of SMC in the transportation industry.
The Asia Pacific is expected to remain the largest region and expected to witness highest growth rate during the forecast period due to growing demand from transportation and other end use industries.
Some of the features of “Global Sheet Molding Compound Market 2016-2021: Trends, Forecast, and Opportunity Analysis” include:
Market size estimates: Growth opportunities in the global sheet molding compound market in terms of value ($M) and volume (M lbs.) shipment
Trend and forecast analysis: Global sheet molding compound market trend (2010-2015) and forecast (2016-2021) by region and segment
Segmentation analysis: Global sheet molding compound market size from 2010 to 2021 by end use industry type, fiber type and resin type.
Regional analysis: Global sheet molding compound market breakdown by key regions of North America, Europe, Asia Pacific and the Rest of the World
Growth opportunities: Analysis of growth opportunities in different end use industry type, fiber type and resin type and regions of sheet molding compound market.
Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of global sheet molding compound suppliers.
Emerging applications: Emerging applications of sheet molding compound in the global sheet molding compound market.
Analysis of the competitive intensity of the industry based on Porter’s Five Forces model.
This report addresses the following key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global SMC market by end use industry (transportation, electrical and electronics, construction, and others), fiber (glass and carbon), resin (polyester and vinyl ester and others), and region (North America, Europe, Asia Pacific (APAC), and the Rest of the World)?
Q.2. Which products segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in the sheet molding compound market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the sheet molding compound market?
Q.8. What are the new developments in the market and which sheet molding compound companies are leading these developments?
Q.9. Who are the major sheet molding compound suppliers? What strategic initiatives are being taken by key companies for business growth?
Q.10. What are some of the competing products of sheet molding compound companies in this market and how big of a threat do they pose for loss of market share due to product substitution?
Q.11. What M&A activity has occurred in the last 5 years?