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    Sheet and Bulk Molding Compound Market Size, Share, & Forecast | 2020-25

    Sheet and Bulk Molding Compound Market Size, Share, & Forecast | 2020-25
    Report code - SRAM228 Delivery - 2 Weeks

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    Sheet and Bulk Molding Compound Market Insights 

    Sheet and bulk molding compound market is likely to witness an impressive CAGR of 8.2% during the forecast period. The global SMC and BMC market registered significant growth in the earlier few years, bearing high claim for lightweight and remarkable mechanical properties material, in the U.S., Germany, and emerging economies, such as Brazil, the Middle East, and China. The burgeoning transportation and electrical & electronics sectors in these countries are driving the growth of the sheet and bulk molding compound market globally.

    Sheet and Bulk Molding Compound Market - Snapshot

    Growth

    8.2% for the next five years

    Major Fiber Type

    Glass fiber

    Major Resin Type

    Polyester

    Dominant Application Type

    Transportation application

    Region with the highest demand

    Asia-Pacific

    Key Players

    Astar S.A., Citadel Plastics Holdings Inc., Core Molding technologies Inc., Continental Structural Plastics Inc., Changzhou Runxia Fiberglass Products Co. Ltd., IDI Composites International, Menzolit GmbH, Polynt S.P.A., Royal Tencate N.V., and Showa Denko K.K.

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    Sheet and Bulk Molding Compound Market Share: By Fiber Type 

     Based on the fiber type, the market is segmented as glass fiber and carbon fiber. The glass fiber segment leads the market, owing to its cost-effectiveness and easy availability. The mechanical characteristics of SMC and BMC are chiefly governed by the category of reinforcement. Carbon fiber is generally employed as reinforcement where elevated strength and sturdiness are demanded. Owing to the greater cost of carbon fiber, it is used in smaller amount.

    Sheet and Bulk Molding Compound Market Share: By Resin Type

    Based on the resin type, the market is segmented as polyester and others. The polyester segment is estimated to account for a larger share of the market in the coming five years. Further, polyester resins are expected to be the faster-growing segment during the forecast period. The growth is attributed to their unique properties, such as excellent dimensional stability, corrosion resistance, and chemical confrontation properties, which augment the durability of SMC and BMC materials. SMC and BMC composites based on polyester resin display superb fire- and flame-resistant characteristics, hence, they are being employed in electrical & electronics application.

    Sheet and Bulk Molding Compound Market Share: By Application Type

    Based on the application type, the market is segmented as transportation, electrical & electronics, construction, and others. The transportation application segment is estimated to be the fastest-growing segment during the forecast period for SMC, while the electrical & electronics segment is expected to be the fastest-growing segment in the coming five years for BMC. The growth is attributed to their exceptional properties, such as remarkable electrical insulation, surface appearance, along with outstanding mechanical properties, which make them the preferred choice over conventional materials in various end-use industries.

    Sheet and Bulk Molding Compound Market Share: By Region

    In terms of regions, presently, Asia-Pacific is the largest consumer of SMC and BMC respectively. China, Germany, and Brazil are the growth engines of the region. The Asia-Pacific region is estimated to depict the highest growth during the forecast period. The market in the Middle East within the RoW region is anticipated to burgeon with the highest growth in the coming five years. The market is driven by the development of transportation and electrical & electronics sectors, which has led to the high demand for SMC and BMC in the region. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.

    Some of the major players in the sheet and bulk molding compound market are Astar S.A., Citadel Plastics Holdings Inc., Core Molding Technologies Inc., Continental Structural Plastics Inc., Changzhou Runxia Fiberglass Products Co., Ltd., IDI Composites International, Menzolit GmbH, Polynt S.P.A, Royal Tencate N.V., and Showa Denko K.K.     

     

    Market Scope & Segmentation

    Sheet and Bulk Molding Compound is a combination of glass strands, a thermosetting resin in liquid form, and mineral fillers, while sheet molding compound is different from bulk molding compound in two ways. In case of glass strands, long chopped strands are used for sheet molding compound while short strands are used for bulk molding compound, Also, the combination is formed into a malleable sheet for sheet molding compound while it is formed into a bulk in case of the bulk molding compound.

    Sheet and Bulk Molding Compound are processed through an injection molding or compression method. The compound is used in different industries such as transportation, construction, electronics, and others.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Sheet and Bulk Molding Compound Market Research Report - Features

    Market Segmentation

    4 ways

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The sheet and bulk molding compound market is segmented into the following categories. 

    Sheet and Bulk Molding Compound Market Size, Share, & Forecast, by Fiber Type:

    • Glass Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Carbon Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Sheet and Bulk Molding Compound Market Size, Share, & Forecast, by Resin Type:

    • Polyester (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Sheet and Bulk Molding Compound Market Size, Share, & Forecast, by Application Type:

    • Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electrical & Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Sheet and Bulk Molding Compound Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the fiber types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


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