Market Overview:
The global sheet molding compounds for passenger car market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for lightweight vehicles and the growing trend of electric vehicles. On the basis of type, the global sheet molding compounds for passenger car market has been segmented into functional parts, car shell plate, and structural parts. Functional parts are expected to account for a major share of the market during the forecast period owing to their increasing use in automotive applications. Car shell plates are also anticipated to witness significant growth during the forecast period on account of their growing use in electric vehicles. Structural parts are expected to register moderate growth over the forecast period owing their increasing use in fuel-efficient cars.
Product Definition:
Sheet molding compounds (SMC) are thermoset plastics used in the manufacture of large, thin-walled parts such as bumpers and body panels for passenger cars. The importance of SMC lies in its ability to provide a high degree of stiffness and strength while maintaining a low weight.
Functional Parts:
Functional parts are manufactured using sheet molding compounds. The functional part is a substitute for metal or plastic part that can be easily replaced in case of damage or wear & tear. The demand for functional parts is increasing due to the growing trend of lightweight vehicles which reduces the overall vehicle weight and increases fuel efficiency, thus reducing carbon emissions into the environment.
Car Shell Plate:
Car shell plate is a thin metal sheet that is welded to the inner surface of the car body. It forms one side of a channel that allows air to flow through while preventing water, dust or other debris from entering into the passenger compartment. The other end of this channel is closed by an airtight seal formed by another metal plate which also has holes in it for routing cables and hoses.
The channels are manufactured using high strength steel.
Application Insights:
The fuel vehicles application segment led the global sheet molding compounds for passenger car market in 2017 and is projected to continue its dominance over the forecast period. The growth can be attributed to increasing demand for passenger cars with better performance and energy efficiency from major automotive OEMs across the globe.
In terms of revenue, Asia Pacific will witness a significant rise in electric vehicles production owing to supportive government policies regarding reducing greenhouse gas emissions as well as promoting renewable energy sources such as solar and wind power. Furthermore, favorable regulations on labeling and safety standards pertaining to electric vehicle components are expected to boost product demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of revenue and is likely to grow at a significant rate over the forecast period. This can be attributed to increasing passenger car production, sales, and demand across emerging economies such as China, India, Indonesia among others.
The European sheet molding compound industry has been witnessing growth since past few years on account of increasing demand from major application sectors including electric vehicles (EVs), fuel vehicles (FVs), and structural parts such as body shell plate & interior panels & door sills etc. In addition, stringent regulations by various regulatory bodies like ECHA regarding use of eco-friendly materials are also expected to drive product adoption across this region over the next eight years.
Growth Factors:
- Increasing demand for lightweight vehicles to reduce fuel consumption and emissions
- Stringent emission norms across the globe
- Rising demand for plastic components in automobiles over traditional metal parts
- Growing popularity of electric and hybrid vehicles
- Proliferation of advanced manufacturing technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Sheet Molding Compounds For Passenger Car Market Research Report
By Type
Functional Parts, Car Shell Plate, Structural Parts
By Application
Fuel Vehicles, Electric Vehicles
By Companies
IDI Composite Material, Menzolit, Disnflex Composites International, Jiangyin Xietong Automobile Accessories, Jiangsu Chinyo Technology, Jiangsu Fulide Hangtong New Material Technology
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
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Sheet Molding Compounds For Passenger Car Market Report Segments:
The global Sheet Molding Compounds For Passenger Car market is segmented on the basis of:
Types
Functional Parts, Car Shell Plate, Structural Parts
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
Fuel Vehicles, Electric Vehicles
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:
- IDI Composite Material
- Menzolit
- Disnflex Composites International
- Jiangyin Xietong Automobile Accessories
- Jiangsu Chinyo Technology
- Jiangsu Fulide Hangtong New Material Technology
Highlights of The Sheet Molding Compounds For Passenger Car 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:
- Functional Parts
- Car Shell Plate
- Structural Parts
- By Application:
- Fuel Vehicles
- Electric Vehicles
- 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 Compounds For Passenger Car 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 compounds are used to create a smooth, finished surface on the inside of passenger car doors and other areas. They are also used to fill in small gaps and imperfections in the metal.
Some of the major players in the sheet molding compounds for passenger car market are IDI Composite Material, Menzolit, Disnflex Composites International, Jiangyin Xietong Automobile Accessories, Jiangsu Chinyo Technology, Jiangsu Fulide Hangtong New Material Technology.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sheet Molding Compounds For Passenger Car 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 Compounds For Passenger Car Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Sheet Molding Compounds For Passenger Car 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 Compounds For Passenger Car 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 Compounds For Passenger Car Market Size & Forecast, 2020-2028 4.5.1 Sheet Molding Compounds For Passenger Car Market Size and Y-o-Y Growth 4.5.2 Sheet Molding Compounds For Passenger Car 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 Functional Parts
5.2.2 Car Shell Plate
5.2.3 Structural Parts
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 Fuel Vehicles
6.2.2 Electric Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sheet Molding Compounds For Passenger Car 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 Compounds For Passenger Car 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 Functional Parts
9.6.2 Car Shell Plate
9.6.3 Structural Parts
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 Fuel Vehicles
9.10.2 Electric Vehicles
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 Functional Parts
10.6.2 Car Shell Plate
10.6.3 Structural Parts
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 Fuel Vehicles
10.10.2 Electric Vehicles
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 Functional Parts
11.6.2 Car Shell Plate
11.6.3 Structural Parts
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 Fuel Vehicles
11.10.2 Electric Vehicles
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 Functional Parts
12.6.2 Car Shell Plate
12.6.3 Structural Parts
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 Fuel Vehicles
12.10.2 Electric Vehicles
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 Functional Parts
13.6.2 Car Shell Plate
13.6.3 Structural Parts
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 Fuel Vehicles
13.10.2 Electric Vehicles
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 Compounds For Passenger Car Market: Competitive Dashboard
14.2 Global Sheet Molding Compounds For Passenger Car Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IDI Composite Material
14.3.2 Menzolit
14.3.3 Disnflex Composites International
14.3.4 Jiangyin Xietong Automobile Accessories
14.3.5 Jiangsu Chinyo Technology
14.3.6 Jiangsu Fulide Hangtong New Material Technology