According
to a market report by Lucintel, the future of the global sheet
molding compound market looks promising with in the transportation,
electrical & electronics, and construction industries. The global sheet
molding compound market is expected to reach an estimated $5 billion by 2035
with a CAGR of 4% from 2025 to 2035. 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.
A more
than 150-page report to understand trends, opportunity and forecast in global sheet
molding compound market to 2035 by end use industry (transportation, electrical
and electronics, construction, and other end use industries), fiber type (glass
fiber and carbon fiber), resin type (polyester, and vinyl ester and other resin
types), density (low density, and mid and high density), and region (North
America, Europe, Asia Pacific, and the Rest of the World)..
Lucintel
forecasts that in this market, transportation will remain the largest end use
industry 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.
Download
sample by clicking on sheet
molding compound market.
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 use industry.
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 the major suppliers in the sheet molding compound market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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