Growth Opportunities in the Global Sheet Molding Compound Market Lucintel

The future of the global sheet molding compound (SMC) market looks good with opportunities in the transportation, electrical & electronics, and construction industries. The global SMC market is expected to reach an estimated $3.3 billion by 2024 with a CAGR of 3.1% from 2019 to 2024. 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 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.  

 

A total of 142 figures / charts and 97 tables are provided in this 206 -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 this SMC market report, download the report brochure.


 

 

The study includes the SMC market size and forecast for the global SMC market through 2024, segmented by end use industry, fiber, resin, and region as follows:

 

SMC Market by end use Industry [Volume (M lbs) and Value ($ Million) from 2013 to 2024]: 

SMC Market by fiber type [Volume (M lbs) and Value ($ Million) from 2013 to 2024]:

SMC Market by resin type [Volume (M lbs) and Value ($ Million) from 2013 to 2024]:

SMC Market by Density [Volume (M lbs) and Value ($ Million) from 2013 to 2024]:

SMC Market by Region [Volume (M lbs) and Value ($ Million) from 2013 to 2024]:

Some of the SMC manufacturers companies profiled in this report include Continental Structural Plastics (Teijin), Polynt-Reichhold, Premix, Polytec, IDI Composites, Core Molding Technologies, and Plastic Omnium and others.

 

Lucintel forecasts that the 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. Construction is expected to witness the highest growth for SMC during the forecast period supported by the growing infrastructural development and increasing demand for lightweight and non-corrosive materials.
 

By fiber type, 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. 

 

Asia Pacific is expected to remain the largest market by value and volume. Rest of the World is expected to witness the highest growth over the forecast period because of growing demand from transportation and other end use industries. 

• Market size estimates: Global sheet molding compound market size estimation in terms of value ($M) and volume (M Lbs.) shipment.
• Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by application, and end use industry.
• Segmentation analysis: Global sheet molding compound market size by various applications such as end use industry, fiber, resin, and density type in terms of value and volume shipment.
• Regional analysis: Global sheet molding compound market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth opportunities: Analysis on growth opportunities in different applications and regions for sheet molding compound in the global sheet molding compound market.
• Strategic analysis: This includes M&A, new product development, and competitive landscape for sheet molding compound in the global sheet molding compound market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

 

Table of Contents

 

 

1. Executive Summary
 

2. Industry Background and Classifications

2.1: Introduction, Background, and Classifications

2.2: Supply Chain

2.3: Industry Drivers and Challenges

 

3. Market Trends and Forecast Analysis from 2013 to 2024

3.1: Macroeconomic Trends and Forecast

3.2: Global SMC Market Trends and Forecast

3.3: Global SMC Market by End Use Industry

3.4: Global SMC Market by Fiber Type

3.5: Global SMC Market by Resin Type

3.6: Global SMC Market by Density

 

4. Market Trends and Forecast Analysis by Region

4.1: Global SMC Market by Region

4.2: North American SMC Market

4.2.1: Market by End Use Industry: Transportation, Electrical and Electronics, Construction and Others

4.3: European SMC Market

4.3.1: Market by End Use Industry: Transportation, Electrical and Electronics, Construction and Others

4.4: APAC SMC Market

4.4.1: Market by End Use Industry: Transportation, Electrical and Electronics, Construction and Others

4.5: ROW SMC Market

4.5.1: Market by End Use Industry: Transportation, Electrical and Electronics, Construction, and Others

 

5. Competitor Analysis

5.1: Product Portfolio Analysis

5.2: Market Share Analysis

5.3: Operational Integration

5.4: Geographical Reach

5.5: Porter’s Five Forces Analysis

 

6. Growth Opportunities and Strategic Analysis

6.1: Growth Opportunity Analysis

6.1.1: Growth Opportunities for the Global SMC Market by End Use Industry

6.1.2: Growth Opportunities for the Global SMC Market by Fiber Type

6.1.3: Growth Opportunities for the Global SMC Market by Resin Type

6.1.4: Growth Opportunities for the Global SMC Market by Density

6.1.5: Growth Opportunities for the Global SMC Market by Region

6.2: Emerging Trends in the Global SMC Market

6.3: Strategic Analysis

6.3.1: New Product Development

6.3.2: Capacity Expansions in the Global SMC Market

6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global SMC Market

 

7. Company Profiles of Leading Players

7.1: Polytec Group

7.2: IDI Composites International

7.3: Polynt SPA

7.4: Premix Inc.

7.5: Lorenz

7.6: Menzolit GmbH

7.7: NingBo HAMC Group

7.8: Core Molding Technologies

7.9: Continental Structural Plastics

7.10: Changzhou City Jiangshi Composite Technology Co. Ltd.

 

 

List of Figures

 

Chapter- 2. Industry Background and Classifications

Figure 2.1: Sheet Molding Compound

Figure 2.2: Tensile Strength (MPa) of Steel, BMC, SMC, Aluminum, Magnesium, and Polyamide

Figure 2.3: Young’s Modulus (GPa) of Steel, BMC, SMC, Aluminum, Magnesium, and Polyamide

Figure 2.4: Density (g/cm3) of Steel, BMC, SMC, Aluminum, Magnesium, and Polyamide

Figure 2.5: Comparison of SMC with Substitute Materials

Figure 2.6: Manufacturing Process of SMC Material 

Figure 2.7: Sheet Molding Compound Market Classification

Figure 2.8: SMC Applications in Different End Use Industries

Figure 2.9: SMC Applications in the Transportation Industry

Figure 2.10:  SMC Applications in the Electrical and Electronics Industry

Figure 2.11:  SMC Applications in the Construction Industry

Figure 2.12: SMC Applications in Other Industries

Figure 2.13:  Classification of the Global SMC Market by Fiber Type

Figure 2.14: Evolution in Carbon Fiber Applications

Figure 2.15: Classification of the Global SMC Market by Resin Type

Figure 2.16: Classification of the Global SMC Market by Density

Figure 2.17: Supply Chain of the Global SMC Market

Figure 2.18: Drivers and Challenges of the Global SMC Market

 

 

Chapter- 5. Competitor Analysis

Figure 5.1: Market Share Analysis of the Global SMC Market in 2018

Figure 5.2: Global SMC Market: Top Five Players Market Share Analysis in 2018

Figure 5.3: Headquarter Locations of Major Suppliers of the Global SMC Market

Figure 5.4: Porter’s Five Forces Analysis for the Global SMC Market

 

Chapter- 6. Growth Opportunities and Strategic Analysis

Figure 6.1: Forecast for the Global SMC Market by End Use Industry

Figure 6.2: Forecast for the Global SMC Market by Fiber Type

Figure 6.3: Forecast for the Global SMC Market by Resin Type

Figure 6.4: Forecast for the Global SMC Market by Density

Figure 6.5: Forecast for the Global SMC Market by Region

Figure 6.6: Emerging Trends in the Global SMC Market

Figure 6.7: Strategic Initiatives by Major Competitors in the Global SMC Market

Figure 6.8: Major Capacity Expansion in the Global SMC Market

 

Chapter- 7. Company Profiles of Leading Players

Figure 7.1: Headquarter Location of Polyec Group

Figure 7.2: Major Plant Locations of IDI Composites International

Figure 7.3: Major Plant Locations of Polynt SpA SMC Business

Figure 7.4: Headquarter Location of Premix Inc.

Figure 7.5: Major Plant Location of Lorenz Kunststofftechnik GmbH Business

Figure 7.6: Headquarter Location of Menzolit GmbH

Figure 7.7: Headquarter Location of Ningbo HAMC Group

Figure 7.8: Major Plant Location of Core Molding Technologies

Figure 7.9: Major Plant Locations of Continental Structure Plastics

Figure 7.10: Headquarter Location of Changzhou City Jiangshi Composite Technology Co. 

 

List of Tables

 

Chapter- 1. Executive Summary

Table 1.1: Global SMC Market Parameters and Attributes–Material Perspective

 

Chapter- 2. Industry Background and Classifications

Table 2.1: Features of SMC Material

Table 2.2:  Comparative Properties of SMC and BMC

Table 2.3: Application Areas of SMC in the Transportation Industry

Table 2.4: Application Areas of SMC in the Electrical and Electronics Industry

Table 2.5: Application Areas of SMC in the Construction Industry

Table 2.6: Application Areas of SMC in Other Industries

Table 2.7: Glass and Carbon Fiber SMC Properties

Table 2.8: Some Applications of Carbon Fiber SMC

Table 2.9: Comparison of BMC and SMC

 

 

Chapter- 5. Competitor Analysis

Table 5.1: Product Mapping of SMC Manufacturers

Table 5.2:  Product Mapping of SMC Suppliers Based on the Markets Served

Table 5.3: Rankings of Suppliers Based on the Global SMC Market Revenue

Table 5.4: Operational Integration of SMC Suppliers

 

Chapter- 6. . Growth Opportunities and Strategic Analysis

Table 6.1: New Product Launches by Major SMC Producers (2013-2018)

 

Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:

Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the sheet molding compound market. The major manufacturers of sheet molding compound are Polytec, Polynt SpA (Polynt-Reichhold Group), IDI Composites International, Menzolit GmbH, Continental Structural Plastics (Teijin), Astar, Core Molding Technologies, Plastic Omnium, Mahindra Composites, Changzhou Tianma Group Co. Ltd and Others.

 

Below is a brief summary of the primary interviews that were conducted by job function for this report.

Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.