The global global sheet molding compound market is projected to reach $3.3 billion by 2025, at a CAGR of 3.1% during 2020-2025. The growth of global sheet molding compound market is 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.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the global sheet molding compound market by end use industries (transportation, electrical and electronics, construction, and others), by fiber type (glass fiber and carbon fiber,), by resin type (polyester, vinylester and others), by density (low density, mid and high density) and region (North America, Europe, Asia Pacific and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the global sheet molding compound market?
Q.4 What are some changing demands of customers in the global sheet molding compound market?
Q.5 What are the new developments in the global sheet molding compound market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this global sheet molding compound area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this global sheet molding compound market?
Emerging trends, which
have a direct impact on the dynamics of the industry, include increasing
penetration of carbon fiber-based SMC, development of low density SMC, and
introduction of Direct-SMC.
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Market Segmentation:
Based on end use industry, the global sheet molding compound market is segmented into transportation, electrical and electronics, construction, and others. The transportation segment is accounted for the largest share of the market in 2020 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 and construction is expected to witness highest growth over the forecast period supported by the growing infrastructural development and increasing demand for lightweight and non-corrosive materials.
Asia Pacific is expected to be the largest region during the forecast period. 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.
Key Players in the Global sheet molding compound market are Continental Structural Plastics (Teijin), Polynt-Reichhold, Premix, Polytec, IDI Composites, Core Molding Technologies, and Plastic Omnium and others.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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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.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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