According to a new country report published by Lucintel, the future of the sheet molding compound (SMC) market in the United States looks good with opportunities in the transportation, electrical & electronics, and construction industries. The sheet molding compound market in the United States is primarily driven by increasing use of lightweight materials in transportation, and performance benefits, such as lower corrosion in construction and higher thermal resistance in E&E industries.
This report studies factors affecting the sheet molding compound market in the United States from both demand and supply sides. The report also analyzes growth opportunities in different applications and provides comprehensive data and analysis on trends, key drivers, and directions.
Among various growth areas, Lucintel forecasts that transportation is expected to remain the largest segment, 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. Within the sheet molding compound market in the United States, glass fiber based SMC will remain the largest segment by both value and volume. Carbon fiber based SMC is expected to witness the highest growth in the forecast period supported by its high performance characteristics. By resin type, polyester resin based SMC will remain the largest segment by both value and volume.
Emerging trends which have a direct impact on the dynamics of the SMC industry include the increasing penetration of carbon fiber-based SMC, development of low density SMC, and introduction of Direct-SMC.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the current market trends, forecasts, new market opportunities, and competitive landscape for the sheet molding compound market in the United States and has come up with a comprehensive research report entitled “Opportunities for the Sheet Molding Compound Market in the United States.” The Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes the market size and forecast for the sheet molding compound market in the United States by end use industry, fiber, resin, and density as follows:
SMC Market by end use Industry [Volume (M lbs) and Value ($ Million) from 2014 to 2025]:
• Transportation
• Electrical and Electronics
• Construction
• Others
SMC Market by fiber type [Volume (M lbs) and Value ($ Million) from 2014 to 2025]:
• Glass Fiber
• Carbon Fiber
SMC Market by resin type [Volume (M lbs) and Value ($ Million) from 2014 to 2025]:
• Polyester
• Vinylester and Others
SMC Market by Density [Volume (M lbs) and Value ($ Million) from 2014 to 2025]:
• Low Density
• Mid and High Density
This 60-page country research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed scope, benefits, and other details of this report, please contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/United-States/sheet-molding-compound.aspx or write to us at helpdesk@lucintel.com
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. 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. For further information, visit www.lucintel.com