Report Details:
15 Companies Covered
100 Pages
Market Research Future (MRFR) has published a cooked research report on the “India SMC and DMC Moulding Compounds Market” that contains the information from 2019 to 2035.
The India SMC and DMC Moulding Compounds market is estimated to register a CAGR of 7.29% during the forecast period of 2025 to 2035.
MRFR recognizes the following companies as the key players in the India SMC and DMC Moulding Compounds Market—CIE Composites, Permali Wallace Pvt Ltd, Shubhada Polymers Products Pvt Ltd, Devi Polymers Pvt Ltd, TATA AutoComp Systems Ltd, Weldotech Industries, INDO SMC PVT.LTD, Sumip Composites Pvt. Ltd, Duro Thermoplast & Moulding Products, SHIVA TECH ENGINEERING, Amalgamated Industrial Composites Pvt Ltd, Reshma Mould Work, and Prazastinav Compositech Private Limited
India SMC and DMC Moulding Compounds Market Highlights
The India SMC and DMC Moulding Compounds Market is accounted for to register a CAGR of 7.29% during the forecast period and is estimated to reach USD 248.47 million by 2035.
The expansion of the electrical and electronics sector presents a substantial growth opportunity for the SMC (Sheet Moulding Compound) and DMC (Dough Moulding Compound) market, driven by rising demand for safe, durable, and high-performance insulating materials. Rapid electrification, urban infrastructure development, renewable energy integration, and increased penetration of consumer electronics are accelerating the need for advanced electrical components that can withstand high voltages, thermal stress, and harsh operating conditions. SMC is increasingly used in large electrical enclosures, distribution boards, meter boxes, switchgear panels, cable management systems, and transformer housings due to its excellent dielectric strength, flame retardancy, corrosion resistance, and dimensional stability. Unlike metals, SMC does not conduct electricity, does not corrode, and requires minimal maintenance, making it particularly suitable for outdoor and high-humidity environments. The ability of SMC to be compression-moulded into complex, integrated designs also allow manufacturers to reduce part counts, enhance safety, and improve installation efficiency, which is critical for large-scale power distribution and infrastructure projects.
DMC offers equally strong opportunities within the electronics and precision electrical components segment, where high-volume production and intricate geometries are essential. Its superior mould flow, arc resistance, and thermal stability make it ideal for moulding components such as connectors, terminal blocks, fuse housing, circuit breaker parts, relay components, sensor housings, and appliance electrical parts. As electrical systems become more compact and technologically advanced, especially with the growth of smart grids, electric vehicles, industrial automation, and IoT-enabled devices, the demand for materials that ensure reliability and fire safety continues to increase. In emerging markets such as India, large-scale investments in power transmission and distribution, data centers, telecom infrastructure, and electronics manufacturing under government-led initiatives are further accelerating adoption. Additionally, stricter electrical safety standards and fire regulations are pushing manufacturers away from traditional plastics toward SMC and DMC, which offer superior performance over longer service life. With ongoing innovation in low-smoke, halogen-free, and environmentally compliant formulations, SMC and DMC moulding compounds are well positioned to capture long-term growth opportunities in the expanding electrical and electronics sector.
Segment Analysis
The India SMC and DMC Moulding Compounds Market has been segmented based on Type, Reinforcement Types, Resin Type, Manufacturing Process, Application and End-Use Industry.
The India SMC and DMC Moulding Compounds Market segmentation, based on Type has been segmented into Sheet Moulding Compound (SMC) and Dough Moulding Compound (DMC). Among these, the Sheet Moulding Compound is projected to dominate the India SMC and DMC Moulding Compounds Market revenue through the projected period. Based on Reinforcement Type, the India SMC and DMC Moulding Compounds Market is segmented into Glass Fiber, Carbon Fiber and Others. Among these, the Glass Fiber segment is projected to dominate the market revenue through the period.
The India SMC and DMC Moulding Compounds Market segmentation, based on Resin Type has been segmented into Polyester Resin, Vinyl Ester Resin, Epoxy Resin, Phenolic Resin and Others. Among these, the Polyester Resin segment is projected to dominate the India SMC and DMC Moulding Compounds Market revenue through the projected period. Based on Manufacturing Process, the India SMC and DMC Moulding Compounds Market is segmented into Compression Moulding, Injection Moulding, Transfer Moulding and Others. Among which, the Compression Moulding is projected to dominate the market revenue through the period. Based on Application, the India SMC and DMC Moulding Compounds Market is segmented into Flame Resistance, Electronic Insulators, Corrosion Resistance, General Purpose and Others. Among these, the Electronic Insulators segment is projected to dominate the India SMC and DMC Moulding Compounds Market revenue through the projected period. Based on End-Use Industry has been segmented into Automotive, Electrical & Electronics, Building & Construction, Aerospace and Others. Among which, the Automotive is projected to dominate the market revenue through the period.
Key Findings of the Study
- The India SMC and DMC Moulding Compounds Market is expected to reach 47 million by 2035, at a CAGR of 7.29% during the forecast period.
- Based on Type, the Sheet Moulding Compound (SMC) segment was attributed to holding the largest market in 2024.
- Based on Reinforcement Type, the Glass Fiber segment was attributed to holding the largest market in 2024.
- Based on Resin Type, the Polyester Resin segment was attributed to holding the largest market in 2024.
- Based on Manufacturing Process, the Compression Moulding segment was attributed to holding the largest market in 2024.
- Based on Application, the Electronic Insulators segment was attributed to holding the largest market in 2024.
- Based on End-Use Industry, the Automotive segment was attributed to holding the largest market in 2024.
- CIE Composites, Permali Wallace Pvt Ltd, Shubhada Polymers Products Pvt Ltd, Devi Polymers Pvt Ltd, TATA AutoComp Systems Ltd, Weldotech Industries, INDO SMC PVT.LTD, Sumip Composites Pvt. Ltd, Duro Thermoplast & Moulding Products, SHIVA TECH ENGINEERING, Amalgamated Industrial Composites Pvt Ltd, Reshma Mould Work, Prazastinav Compositech Private Limited and others are the key market players.