Market Overview:
The global sheet moulding compound (SMC) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the automotive and transport applications is expected to drive the demand for SMC in the global market. Asia Pacific is projected to be the fastest-growing region during the forecast period, followed by Europe and North America. The high growth in these regions can be attributed to increasing demand for lightweight vehicles and rising awareness about advanced composites among consumers.
 Industry Outlook.svg)
Product Definition:
Sheet moulding compound is a thermoset plastic that is used in the manufacture of fiberglass-reinforced plastic (FRP) parts. It is a resin matrix with glass fibers dispersed throughout, and it cures at elevated temperatures to form a rigid part. SMC has high strength and stiffness, good impact resistance, and good weathering properties. It can be formed into complex shapes using molds, and it can be painted or finished to match the desired appearance.
Polyester:
Polyester is a synthetic, heat-resistant fiber that can be processed like natural fibers. It has high tensile strength and abrasion resistance. Polyester resin is used in the manufacturing of SMC products to obtain dimensional stability, surface smoothness and improved processability at elevated temperatures.
The global polyester market size was valued at USD 66.5 billion in 2016.
Vinyl Ester:
Vinyl ester is a chemical compound of the class polyester and is produced from the reaction between diethylene glycol (DEG) and acrylonitrile. DEG acts as a catalyst in the process.
Application Insights:
Automotive was the largest application segment in 2016 and is expected to continue its dominance over the forecast period. SMC finds applications in automotive body panels, underbody space frame components, headliners and decking for recreational vehicles among others. The demand for these compounds is directly proportional to vehicle production as they are used to reduce overall weight of a car which improves fuel efficiency. Sheet metal thickness required depends upon class of vehicle - light cars require 1-2 mm thick material while heavy trucks 3-4 mm thick material is required.
The use of SMC has increased significantly in aerospace applications owing to properties such as impact resistance, superior chemical resistance along with flexibility & durability offered by these products make them ideal for manufacturing aircraft parts including nose cap, leading and trailing edge panels on wings, fuselage door pairings and bulkheads on aircraft carriers among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of SMC demand in this region can be attributed to rapid industrialization, growing automotive industry, and increasing construction activities.
The North American market is also likely to witness significant growth over the coming years owing to various factors such as changing lifestyle of consumers coupled with increasing disposable income & consumerism on a domestic level. Moreover, technological advancements coupled with high R&D investment by companies are also anticipated to drive product demand in this region.
Growth Factors:
- Increasing demand from automotive and construction industries
- Growing demand for lightweight and fuel-efficient vehicles
- Rising popularity of composites in the aerospace industry
- Growing demand for SMC in electrical & electronics applications
- Technological advancements in SMC manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Sheet Moulding Compound (SMC) Market Research Report
By Type
Polyester, Vinyl Ester, Epoxy
By Application
Automotive, Transport
By Companies
Core Molding Technologies, Teijin (Continental Structural Plastics), IDI Composites International, Polynt, Polmix, Menzolit GmbH, 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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Sheet Moulding Compound (SMC) Market Report Segments:
The global Sheet Moulding Compound (SMC) market is segmented on the basis of:
Types
Polyester, Vinyl Ester, Epoxy
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
Automotive, Transport
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:
- Core Molding Technologies
- Teijin (Continental Structural Plastics)
- IDI Composites International
- Polynt
- Polmix
- Menzolit GmbH
- Changzhou Huari New Material
 Market Overview.svg)
Highlights of The Sheet Moulding Compound (SMC) 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:
- Polyester
- Vinyl Ester
- Epoxy
- By Application:
- Automotive
- Transport
- 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 Moulding Compound (SMC) 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
 Market Statistics.svg)
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 moulding compound (SMC) is a type of plastic that is used to create plastic parts. It is a mixture of two or more types of plastics that are melted and then poured into molds to create objects. SMC can be used to make products such as toys, car parts, and medical devices.
Some of the major companies in the sheet moulding compound (smc) market are Core Molding Technologies, Teijin (Continental Structural Plastics), IDI Composites International, Polynt, Polmix, Menzolit GmbH, Changzhou Huari New Material.
The sheet moulding compound (smc) market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sheet Moulding Compound (SMC) 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 Moulding Compound (SMC) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sheet Moulding Compound (SMC) 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 Moulding Compound (SMC) 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 Moulding Compound (SMC) Market Size & Forecast, 2020-2028
4.5.1 Sheet Moulding Compound (SMC) Market Size and Y-o-Y Growth
4.5.2 Sheet Moulding Compound (SMC) 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 Polyester
5.2.2 Vinyl Ester
5.2.3 Epoxy
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 Automotive
6.2.2 Transport
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sheet Moulding Compound (SMC) 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 Moulding Compound (SMC) 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 Polyester
9.6.2 Vinyl Ester
9.6.3 Epoxy
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 Automotive
9.10.2 Transport
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 Polyester
10.6.2 Vinyl Ester
10.6.3 Epoxy
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 Automotive
10.10.2 Transport
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 Polyester
11.6.2 Vinyl Ester
11.6.3 Epoxy
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 Automotive
11.10.2 Transport
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 Polyester
12.6.2 Vinyl Ester
12.6.3 Epoxy
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 Automotive
12.10.2 Transport
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 Polyester
13.6.2 Vinyl Ester
13.6.3 Epoxy
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 Automotive
13.10.2 Transport
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 Moulding Compound (SMC) Market: Competitive Dashboard
14.2 Global Sheet Moulding Compound (SMC) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Core Molding Technologies
14.3.2 Teijin (Continental Structural Plastics)
14.3.3 IDI Composites International
14.3.4 Polynt
14.3.5 Polmix
14.3.6 Menzolit GmbH
14.3.7 Changzhou Huari New Material
