Market Overview:
Global sheet molding compound (SMC) for automotive market is expected to register a CAGR of 5.8% during the forecast period 2018-2030. The growth in the global SMC for automotive market can be attributed to the increasing demand from end-use industries, such as bathtub, bathroom wallboard and waterproof chassis. In terms of volume, Asia Pacific is expected to lead the global SMC for automotive market during the forecast period 2018-2030. This can be attributed to high demand from countries such as China and Japan.
Product Definition:
Sheet Molding Compound (SMC) is a thermoset plastic resin which is used in the manufacture of automotive parts. It is a composite material made up of fibers and matrix. The fibers are usually glass, carbon or aramid, while the matrix is usually epoxy or polyester. SMC has high strength and stiffness-to-weight ratio, making it ideal for use in automotive components such as door panels, trunk lids and fenders.
Unsaturated Polyester Resin:
Unsaturated polyester resin (UPR) is a kind of thermosetting plastic that contains carbon and hydrogen. It has properties such as high strength, stiffness, temperature resistance and good electrical insulating property. The most important factor contributing to its usage in sheet molding compound (SMC) for automotive market is the ability to withstand high temperatures without being damaged or melted.
Phenolic Resin:
Phenolic resins are synthetic compounds, which are manufactured by the polymerization of phenol. Phenolic resins have high melting points and can be used to mold in automotive industries. The properties exhibited by phenolic resins such as rigidity, hardness, density along with heat resistance make them suitable for use in SMC for automotive applications.
Application Insights:
The automotive industry in the U.S., China, India and South Korea is witnessing significant growth on account of increasing vehicle production to meet the rising demand from end-users. In 2017, global automotive production was at its highest ever with over 94 million vehicles produced globally. The Asia Pacific region accounted for more than 46% of the global market share in terms of volume in 2017 and is expected to continue its dominance over the forecast period as well.
Global SMC consumption has witnessed a paradigm shift due to technological advancements coupled with product innovations that have resulted in increased efficiency across all applications areas including bathtub, bathroom wallboard, waterproof chassis.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the largest automotive manufacturing hubs, such as China, India, Japan and South Korea. Increasing investments in R&D by governments of these countries are likely to boost product demand in Asia Pacific over the coming years.
The European market was valued at USD X billion in 2017 and is anticipated to witness steady growth over the forecast period owing to increasing SMC consumption for applications other than bathtub flooring including bathroom wallboard application on account of rising consumer demand for luxury vehicles with superior quality features such as water-repellent exterior body panels and advanced audio systems installed inside them.
Growth Factors:
- Increasing demand for lightweight vehicles to reduce fuel consumption and emissions
- Rising demand for plastic components in automotive applications
- Growing popularity of electric and hybrid vehicles
- Technological advancements that have led to the development of new and improved SMC formulations
- Increased use of composites in automotive manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Sheet Molding Compound (SMC) for Automotive Market Research Report
By Type
Unsaturated Polyester Resin, Phenolic Resin, Epoxy Resin, Vinyl Resin
By Application
Bathtub, Bathroom Wallboard, Waterproof Chassis, Others
By Companies
Magna, Astar, Core Molding Technologies, Polmix, Changzhou Fonda, Composite Materials Engineering, Utek Composite, Changzhou Huari New Material
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Sheet Molding Compound (SMC) for Automotive Market Report Segments:
The global Sheet Molding Compound (SMC) for Automotive market is segmented on the basis of:
Types
Unsaturated Polyester Resin, Phenolic Resin, Epoxy Resin, Vinyl Resin
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bathtub, Bathroom Wallboard, Waterproof Chassis, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Magna
- Astar
- Core Molding Technologies
- Polmix
- Changzhou Fonda
- Composite Materials Engineering
- Utek Composite
- Changzhou Huari New Material
Highlights of The Sheet Molding Compound (SMC) for Automotive Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Unsaturated Polyester Resin
- Phenolic Resin
- Epoxy Resin
- Vinyl Resin
- By Application:
- Bathtub
- Bathroom Wallboard
- Waterproof Chassis
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sheet Molding Compound (SMC) for Automotive Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sheet molding compound (SMC) is a type of adhesive that is used in the automotive industry to attach sheet metal to a substrate. SMC is typically used as a bonding agent between the sheet metal and the substrate, and it helps to create a smooth surface.
Some of the key players operating in the sheet molding compound (smc) for automotive market are Magna, Astar, Core Molding Technologies, Polmix, Changzhou Fonda, Composite Materials Engineering, Utek Composite, Changzhou Huari New Material.
The sheet molding compound (smc) for automotive market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sheet Molding Compound (SMC) for Automotive Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Sheet Molding Compound (SMC) for Automotive Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Sheet Molding Compound (SMC) for Automotive Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Sheet Molding Compound (SMC) for Automotive Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Sheet Molding Compound (SMC) for Automotive Market Size & Forecast, 2020-2028 4.5.1 Sheet Molding Compound (SMC) for Automotive Market Size and Y-o-Y Growth 4.5.2 Sheet Molding Compound (SMC) for Automotive Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Unsaturated Polyester Resin
5.2.2 Phenolic Resin
5.2.3 Epoxy Resin
5.2.4 Vinyl Resin
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Bathtub
6.2.2 Bathroom Wallboard
6.2.3 Waterproof Chassis
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sheet Molding Compound (SMC) for Automotive Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Sheet Molding Compound (SMC) for Automotive Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Unsaturated Polyester Resin
9.6.2 Phenolic Resin
9.6.3 Epoxy Resin
9.6.4 Vinyl Resin
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Bathtub
9.10.2 Bathroom Wallboard
9.10.3 Waterproof Chassis
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Unsaturated Polyester Resin
10.6.2 Phenolic Resin
10.6.3 Epoxy Resin
10.6.4 Vinyl Resin
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Bathtub
10.10.2 Bathroom Wallboard
10.10.3 Waterproof Chassis
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Unsaturated Polyester Resin
11.6.2 Phenolic Resin
11.6.3 Epoxy Resin
11.6.4 Vinyl Resin
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Bathtub
11.10.2 Bathroom Wallboard
11.10.3 Waterproof Chassis
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Unsaturated Polyester Resin
12.6.2 Phenolic Resin
12.6.3 Epoxy Resin
12.6.4 Vinyl Resin
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Bathtub
12.10.2 Bathroom Wallboard
12.10.3 Waterproof Chassis
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Unsaturated Polyester Resin
13.6.2 Phenolic Resin
13.6.3 Epoxy Resin
13.6.4 Vinyl Resin
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Bathtub
13.10.2 Bathroom Wallboard
13.10.3 Waterproof Chassis
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Sheet Molding Compound (SMC) for Automotive Market: Competitive Dashboard
14.2 Global Sheet Molding Compound (SMC) for Automotive Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Magna
14.3.2 Astar
14.3.3 Core Molding Technologies
14.3.4 Polmix
14.3.5 Changzhou Fonda
14.3.6 Composite Materials Engineering
14.3.7 Utek Composite
14.3.8 Changzhou Huari New Material