Sheet Molding Compound (SMC) Market Research Report-Global Forecast till 2030

Sheet Molding Compound (SMC) Market Research Report By Type (General Purpose, Flame Resistance, Corrosion Resistance, Electronic Insulators, Others) and By Application (Automotive, Building & Construction, Electrical & Electronics, Others) - Global Forecast to 2030

ID: MRFR/CnM/5162-CR | November 2018 | Region: Global | 144 Pages         

1 Executive Summary


2 Market Introduction

2.1 Definition 20

2.2 Scope of the Study 20

2.3 List of Assumptions 20

2.4 Market Structure 21

2.5 Key Takeaways 21

3 Market Insights


4 Research Methodology

4.1 Research Process 27

4.2 Primary Research 28

4.3 Secondary Research 29

4.4 Market Size Estimation 29

4.5 Forecast Model 30

5 Market Dynamics

5.1 Introduction 32

5.2 Drivers 33

5.2.1 Rising Demand for Lightweight, Fuel-Efficient, and Electric Vehicles 33

5.2.2 Increasing Consumption in Modern Construction Projects 34

5.3 Restraints 35

5.3.1 High cost of SMC 35

5.4 Opportunities 37

5.4.1 Growing demand for automobiles in emerging economies 37

5.5 Challenges 38

5.5.1 Problems Pertaining to the Recyclability of SMC 38

6 Market Factor Analysis

6.1 Supply Chain Analysis 40

6.1.1 Raw Materials 40

6.1.2 SMC Producers 40

6.1.3 Distributors 41

6.1.4 End-Use Industries 41

6.2 Porter’s Five Forces Model 41

6.2.1 Threat of New Entrants 42

6.2.2 Threat of Rivalry 42

6.2.3 Threat of Substitutes 42

6.2.4 Bargaining Power of Suppliers 42

6.2.5 Bargaining Power of Buyers 42

7 Global Sheet Molding Compound Market, by Type

7.1 Introduction 44

7.2 Flame Resistance 46

7.3 Electronic Insulators 47

7.4 Corrosion Resistance 48

7.5 General Purpose 49

7.6 Others 50

8 Global Sheet Molding Compound Market, by Application

8.1 Introduction 52

8.2 Automotive 53

8.3 Electrical & Electronics 54

8.4 Building & Construction 55

8.5 Others 56

9 Global Sheet Molding Compound Market, by Region

9.1 Introduction 59

9.2 North America 62

9.2.1 US 64

9.2.2 Canada 66

9.3 Europe 68

9.3.1 Germany 70

9.3.2 France 72

9.3.3 UK 73

9.3.4 Spain 75

9.3.5 Russia 77

9.3.6 Rest of Europe 78

9.4 Asia-Pacific 80

9.4.1 China 83

9.4.2 Japan 84

9.4.3 India 86

9.4.4 South Korea 88

9.4.5 Indonesia 89

9.4.6 Australia & New Zealand 91

9.4.7 Rest of Asia-Pacific 93

9.5 Latin America 95

9.5.1 Mexico 97

9.5.2 Brazil 98

9.5.3 Rest of Latin America 100

9.6 The Middle East and Africa 102

9.6.1 GCC 104

9.6.2 South Africa 106

9.6.3 Rest of Middle East and Africa 107

10 Competitive Landscape

10.1 Introduction 111

10.2 Recent Developments 111

10.3 Global Market Strategy Analysis 112

11 Company Profiles

11.1 IDI Composites International 114

11.1.1 Company Overview 114

11.1.2 Financial Overview 114

11.1.3 Products Offered 114

11.1.4 Key Developments 114

11.1.5 SWOT Analysis 115

11.1.6 Key Strategies 115

11.2 Menzolit 116

11.2.1 Company Overview 116

11.2.2 Financial Overview 116

11.2.3 Products Offered 116

11.2.4 Key Developments 117

11.2.5 SWOT Analysis 117

11.2.6 Key Strategies 117

11.3 Polynt 118

11.3.1 Company Overview 118

11.3.2 Financial Overview 118

11.3.3 Products Offered 118

11.3.4 Key Developments 120

11.3.5 SWOT Analysis 120

11.3.6 Key Strategies 120

11.4 Continental Structural Plastics Inc. 121

11.4.1 Company Overview 121

11.4.2 Financial Overview 121

11.4.3 Products Offered 121

11.4.4 Key Developments 121

11.4.5 SWOT Analysis 122

11.4.6 Key Strategies 122

11.5 Zoltek Corporation 123

11.5.1 Company Overview 123

11.5.2 Financial Overview 123

11.5.3 Products Offered 123

11.5.4 Key Developments 124

11.5.5 Swot Analysis 124

11.5.6 Key Strategy 124

11.6 DIC Corporation 125

11.6.1 Company Overview 125

11.6.2 Financial Overview 125

11.6.3 Products Offered 126

11.6.4 Key Developments 126

11.6.5 Swot Analysis 126

11.6.6 Key Strategy 126

11.7 Changzhou Tianma Group Co., Ltd 127

11.7.1 Company Overview 127

11.7.2 Financial Overview 127

11.7.3 Products Offered 127

11.7.4 Key Developments 127

11.7.5 Swot Analysis 127

11.7.6 Key Strategy 127

11.8 Core Molding Technologies 128

11.8.1 Company Overview 128

11.8.2 Financial Overview 128

11.8.3 Products Offered 128

11.8.4 Key Developments 129

11.8.5 Swot Analysis 129

11.8.6 Key Strategy 129

11.9 Zhejiang Sida New Materials Co., Ltd 130

11.9.1 1.5.1Company Overview 130

11.9.2 Financial Overview 130

11.9.3 Products Offered 130

11.9.4 Key Developments 130

11.9.5 SWOT Analysis 130

11.9.6 Key Strategies 130

11.10 Molymer SSP Co. Ltd 131

11.10.1 Company Overview 131

11.10.2 Financial Overview 131

11.10.3 Products Offered 131

11.10.4 Key Developments 131

11.10.5 SWOT Analysis 131

11.10.6 Key Strategy 131

11.11 Showa Denko K.K. 132

11.11.1 Company Overview 132

11.11.2 Financial Overview 132

11.11.3 Products Offered 132

11.11.4 Key Developments 133

11.11.5 SWOT Analysis 133

11.11.6 Key Strategies 133

11.12 Devi Polymers Private Limited 134

11.12.1 Company Overview 134

11.12.2 Financial Overview 134

11.12.3 Products Offered 134

11.12.4 Key Developments 134

11.12.5 SWOT Analysis 134

11.12.6 Key Strategies 134

11.13 Zhejiang Yueqing SMC & BMC Manufacture Factory 135

11.13.1 Company Overview 135

11.13.2 Financial Overview 135

11.13.3 Products Offered 135

11.13.4 Key Developments 135

11.13.5 SWOT Analysis 135

11.13.6 Key Strategies 135

11.14 Changzhou City Jiangshi Composite Technology Co., Ltd 136

11.14.1 Company Overview 136

11.14.2 Financial Overview 136

11.14.3 Products Offered 136

11.14.4 Key Developments 136

11.14.5 Key Strategy 136

11.15 Huayuan Advanced Materials Co., Ltd 137

11.15.1 Company Overview 137

11.15.2 Financial Overview 137

11.15.3 Products Offered 137

11.15.4 Key Developments 137

11.15.5 SWOT Analysis 138

11.15.6 Key Strategies 138

11.16 Jiangsu Zhaojun New Material Co., Ltd 139

11.16.1 Company Overview 139

11.16.2 Financial Overview 139

11.16.3 Products Offered 139

11.16.4 Key Developments 139

11.16.5 SWOT Analysis 139

11.16.6 Key Strategy 139

11.17 Beijing New Friend Insulation Material Co., Ltd 140

11.17.1 Company Overview 140

11.17.2 Financial Overview 140

11.17.3 Products Offerings 140

11.17.4 Key Developments 140

11.17.5 SWOT Analysis 140

11.17.6 Key Strategies 140

11.18 Zhejiang Sida New Materials Co., Ltd 141

11.18.1 Company Overview 141

11.18.2 Financial Overview 141

11.18.3 Products Offered 141

11.18.4 1.5.4Key Developments 141

11.18.5 SWOT Analysis 141

11.18.6 Key Strategies 141

12 Conclusion

12.1 Key Findings 143

13 List of Tables

TABLE 1 MARKET SYNOPSIS 18

TABLE 2 LIST OF ASSUMPTIONS 20

TABLE 3 +GLOBAL SHEET MOLDING COMPOUND, BY TYPE, 2020-2027(USD MILLION) 44

TABLE 4 GLOBAL SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 45

TABLE 5 GLOBAL SHEET MOLDING COMPOUND MARKET FOR FLAME RESISTANCE, BY REGION, 2020-2027(USD MILLION) 46

TABLE 6 GLOBAL SHEET MOLDING COMPOUND MARKET FOR FLAME RESISTANCE, BY REGION, 2020-2027(KILOTONS) 46

TABLE 7 GLOBAL SHEET MOLDING COMPOUND MARKET FOR ELECTRONIC INSULATORS, BY REGION, 2020-2027(USD MILLION) 47

TABLE 8 GLOBAL SHEET MOLDING COMPOUND MARKET FOR ELECTRONIC INSULATORS, BY REGION, 2020-2027(KILOTONS) 47

TABLE 9 GLOBAL SHEET MOLDING COMPOUND MARKET FOR CORROSION RESISTANCE, BY REGION, 2020-2027(USD MILLION) 48

TABLE 10 GLOBAL SHEET MOLDING COMPOUND MARKET FOR CORROSION RESISTANCE, BY REGION, 2020-2027(KILOTONS) 48

TABLE 11 GLOBAL SHEET MOLDING COMPOUND MARKET FOR GENERAL PURPOSE, BY REGION, 2020-2027(USD MILLION) 49

TABLE 12 GLOBAL SHEET MOLDING COMPOUND MARKET FOR GENERAL PURPOSE, BY REGION, 2020-2027(KILOTONS) 49

TABLE 13 GLOBAL SHEET MOLDING COMPOUND MARKET FOR OTHERS, BY REGION, 2020-2027(USD MILLION) 50

TABLE 14 GLOBAL SHEET MOLDING COMPOUND MARKET FOR OTHERS, BY REGION, 2020-2027(KILOTONS) 50

TABLE 15 GLOBAL SHEET MOLDING COMPOUND, BY APPLICATION, 2020-2027(USD MILLION) 52

TABLE 16 GLOBAL SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(KILOTONS) 53

TABLE 17 GLOBAL SHEET MOLDING COMPOUND MARKET FOR AUTOMOTIVE, BY REGION, 2020-2027(USD MILLION) 53

TABLE 18 GLOBAL SHEET MOLDING COMPOUND MARKET FOR AUTOMOTIVE, BY REGION, 2020-2027(KILOTONS) 54

TABLE 19 GLOBAL SHEET MOLDING COMPOUNDMARKET FOR ELECTRICAL & ELECTRONICS, BY REGION, 2020-2027(USD MILLION) 54

TABLE 20 GLOBAL SHEET MOLDING COMPOUND MARKET FOR ELECTRICAL & ELECTRONICS, BY REGION, 2020-2027(KILOTONS) 55

TABLE 21 GLOBAL SHEET MOLDING COMPOUND MARKET FOR BUILDING & CONSTRUCTION, BY REGION, 2020-2027(USD MILLION) 55

TABLE 22 GLOBAL SHEET MOLDING COMPOUNDMARKET FOR BUILDING & CONSTRUCTION, BY REGION, 2020-2027(KILOTONS) 56

TABLE 23 GLOBAL SHEET MOLDING COMPOUND MARKET FOR OTHERS, BY REGION, 2020-2027(USD MILLION) 56

TABLE 24 GLOBAL SHEET MOLDING COMPOUND MARKET FOR OTHERS, BY REGION, 2020-2027(KILOTONS) 57

TABLE 25 GLOBAL SHEET MOLDING COMPOUND MARKET, BY REGION, 2020-2027(USD MILLION) 59

TABLE 26 GLOBAL SHEET MOLDING COMPOUND MARKET, BY REGION, 2020-2027(KILOTONS) 60

TABLE 27 GLOBAL SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027( USD MILLION) 61

TABLE 28 GLOBAL SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 61

TABLE 29 GLOBAL SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027( USD MILLION) 62

TABLE 30 GLOBAL SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(KILOTONS) 62

TABLE 31 NORTH AMERICA SHEET MOLDING COMPOUND MARKET, BY COUNTRY, 2020-2027(USD MILLION) 62

TABLE 32 NORTH AMERICA SHEET MOLDING COMPOUNDMARKET, BY COUNTRY, 2020-2027(KILOTONS) 63

TABLE 33 NORTH AMERICA SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027( USD MILLION) 63

TABLE 34 NORTH AMERICA SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 63

TABLE 35 NORTH AMERICA SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 64

TABLE 36 NORTH AMERICA SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(KILOTONS) 64

TABLE 37 US SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027( USD MILLION) 64

TABLE 38 US SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 65

TABLE 39 US SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 65

TABLE 40 US SHEET MOLDING COMPOUNDMARKET, BY APPLICATION, 2020-2027(KILOTONS) 66

TABLE 41 CANADA SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027( USD MILLION) 66

TABLE 42 CANADA SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 67

TABLE 43 CANADA SHEET MOLDING COMPOUNDMARKET, BY APPLICATION, 2020-2027(USD MILLION) 67

TABLE 44 CANADA SHEET MOLDING COMPOUNDMARKET, BY APPLICATION, 2020-2027(KILOTONS) 67

TABLE 45 EUROPE SHEET MOLDING COMPOUND MARKET, BY COUNTRY, 2020-2027(USD MILLION) 68

TABLE 46 EUROPE SHEET MOLDING COMPOUND MARKET, BY COUNTRY, 2020-2027(KILOTONS) 68

TABLE 47 EUROPE SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027( USD MILLION) 69

TABLE 48 EUROPE SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 69

TABLE 49 EUROPE SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 69

TABLE 50 EUROPE SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(KILOTONS) 70

TABLE 51 GERMANY SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027( USD MILLION) 70

TABLE 52 GERMANY SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 71

TABLE 53 GERMANY SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 71

TABLE 54 GERMANY SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(KILOTONS) 71

TABLE 55 FRANCE SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027( USD MILLION) 72

TABLE 56 FRANCE SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 72

TABLE 57 FRANCE SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 73

TABLE 58 FRANCE SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(KILOTONS) 73

TABLE 59 UK SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027( USD MILLION) 73

TABLE 60 UK SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 74

TABLE 61 UK SHEET MOLDING COMPOUNDMARKET, BY APPLICATION, 2020-2027(USD MILLION) 74

TABLE 62 UK SHEET MOLDING COMPOUNDMARKET, BY APPLICATION, 2020-2027(KILOTONS) 75

TABLE 63 SPAIN SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027( USD MILLION) 75

TABLE 64 SPAIN SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 76

TABLE 65 SPAIN SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 76

TABLE 66 SPAIN SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(KILOTONS) 76

TABLE 67 RUSSIA SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027( USD MILLION) 77

TABLE 68 RUSSIA SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 77

TABLE 69 RUSSIA SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 78

TABLE 70 RUSSIA SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(KILOTONS) 78

TABLE 71 REST OF EUROPE SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027( USD MILLION) 78

TABLE 72 REST OF EUROPE SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 79

TABLE 73 REST OF EUROPE SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 79

TABLE 74 REST OF EUROPE SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(KILOTONS) 80

TABLE 75 ASIA-PACIFIC SHEET MOLDING COMPOUND MARKET, BY COUNTRY, 2020-2027(USD MILLION) 80

TABLE 76 ASIA-PACIFIC SHEET MOLDING COMPOUND MARKET, BY COUNTRY, 2020-2027(KILOTONS) 81

TABLE 77 ASIA-PACIFIC SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(USD MILLION) 81

TABLE 78 ASIA-PACIFIC SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 82

TABLE 79 ASIA-PACIFIC SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 82

TABLE 80 ASIA-PACIFIC SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(KILOTONS) 82

TABLE 81 CHINA SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027( USD MILLION) 83

TABLE 82 CHINA SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 83

TABLE 83 CHINA SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 84

TABLE 84 CHINA SHEET MOLDING COMPOUNDMARKET, BY APPLICATION, 2020-2027(KILOTONS) 84

TABLE 85 JAPAN SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(USD MILLION) 84

TABLE 86 JAPAN SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 85

TABLE 87 JAPAN SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 85

TABLE 88 JAPAN SHEET MOLDING COMPOUNDMARKET, BY APPLICATION, 2020-2027(KILOTONS) 86

TABLE 89 INDIA SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(USD MILLION) 86

TABLE 90 INDIA SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 87

TABLE 91 INDIA SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 87

TABLE 92 INDIA SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(KILOTONS) 87

TABLE 93 SOUTH KOREA SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027( USD MILLION) 88

TABLE 94 SOUTH KOREA SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 88

TABLE 95 SOUTH KOREA SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 89

TABLE 96 SOUTH KOREA SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(KILOTONS) 89

TABLE 97 INDONESIA SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(USD MILLION) 89

TABLE 98 INDONESIA SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 90

TABLE 99 INDONESIA SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 90

TABLE 100 INDONESIA SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(KILOTONS) 91

TABLE 101 AUSTRALIA & NEW ZEALAND SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(USD MILLION) 91

TABLE 102 AUSTRALIA & NEW ZEALAND SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 92

TABLE 103 AUSTRALIA & NEW ZEALAND SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 92

TABLE 104 AUSTRALIA & NEW ZEALAND SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(KILOTONS) 92

TABLE 105 REST OF ASIA-PACIFIC SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(USD MILLION) 93

TABLE 106 REST OF ASIA-PACIFIC SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 93

TABLE 107 REST OF ASIA-PACIFIC SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 94

TABLE 108 REST OF ASIA-PACIFIC SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(KILOTONS) 94

TABLE 109 LATIN AMERICA SHEET MOLDING COMPOUND MARKET, BY COUNTRY, 2020-2027(USD MILLION) 95

TABLE 110 LATIN AMERICA SHEET MOLDING COMPOUND MARKET, BY COUNTRY, 2020-2027(KILOTONS) 95

TABLE 111 LATIN AMERICA SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(USD MILLION) 95

TABLE 112 LATIN AMERICA SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 96

TABLE 113 LATIN AMERICA SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 96

TABLE 114 LATIN AMERICA SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(KILOTONS) 96

TABLE 115 MEXICO SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(USD MILLION) 97

TABLE 116 MEXICO SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 97

TABLE 117 MEXICO SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 98

TABLE 118 MEXICO SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(KILOTONS) 98

TABLE 119 BRAZIL SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(USD MILLION) 98

TABLE 120 BRAZIL SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 99

TABLE 121 BRAZIL SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 99

TABLE 122 BRAZIL SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(KILOTONS) 100

TABLE 123 REST OF LATIN AMERICA SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027( USD MILLION) 100

TABLE 124 REST OF LATIN AMERICA SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 101

TABLE 125 REST OF LATIN AMERICA SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 101

TABLE 126 REST OF LATIN AMERICA SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(KILOTONS) 101

TABLE 127 THE MIDDLE EAST AND AFRICA SHEET MOLDING COMPOUND MARKET, BY COUNTRY, 2020-2027(USD MILLION) 102

TABLE 128 THE MIDDLE EAST AND AFRICA SHEET MOLDING COMPOUND MARKET, BY COUNTRY, 2020-2027(KILOTONS) 102

TABLE 129 THE MIDDLE EAST AND AFRICA SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(USD MILLION) 103

TABLE 130 THE MIDDLE EAST AND AFRICA SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 103

TABLE 131 THE MIDDLE EAST AND AFRICA SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 103

TABLE 132 THE MIDDLE EAST AND AFRICA SHEET MOLDING COMPOUNDMARKET, BY APPLICATION, 2020-2027(KILOTONS) 104

TABLE 133 GCC SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(USD MILLION) 104

TABLE 134 GCC SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 105

TABLE 135 GCC SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 105

TABLE 136 GCC SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(KILOTONS) 105

TABLE 137 SOUTH AFRICA SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(USD MILLION) 106

TABLE 138 SOUTH AFRICA. SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 106

TABLE 139 SOUTH AFRICA SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 107

TABLE 140 SOUTH AFRICA SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(KILOTONS) 107

TABLE 141 REST OF MIDDLE EAST AND AFRICA SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(USD MILLION) 107

TABLE 142 REST OF MIDDLE EAST AND AFRICA SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 108

TABLE 143 REST OF MIDDLE EAST AND AFRICA SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 108

TABLE 144 REST OF MIDDLE EAST AND AFRICA SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(KILOTONS) 109

TABLE 145 KEY DEVELOPMENTS 111



14 List of Figures

FIGURE 1 GLOBAL SHEET MOLDING COMPOUND MARKET: MARKET STRUCTURE 21

FIGURE 2 KEY TAKEAWAYS OF THE SHEET MOLDING COMPOUND MARKET 21

FIGURE 3 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2020) 23

FIGURE 4 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2020) 23

FIGURE 5 ASIA-PACIFIC & MARKET SHARE BY COUNTRY (2020) 24

FIGURE 6 LATIN AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2020) 24

FIGURE 7 MIDDLE EAST & AFRICA MARKET SIZE & MARKET SHARE BY COUNTRY (2020) 25

FIGURE 8 SHEET MOLDING COMPOUND MARKET, BY REGION, 2017 25

FIGURE 9 RESEARCH PROCESS OF MRFR 27

FIGURE 10 TOP-DOWN AND BOTTOM-UP APPROACH 30

FIGURE 11 MARKET DYNAMICS OVERVIEW 32

FIGURE 12 GLOBAL LIGHT VEHICLE SALES (MILLION UNITS) 34

FIGURE 13 DRIVERS IMPACT ANALYSIS 35

FIGURE 14 COST COMPARISON, 2016 (USD/KG) 36

FIGURE 15 RESTRAINTS IMPACT ANALYSIS 36

FIGURE 16 GLOBAL AUTOMOTIVE PRODUCTION (MILLION UNITS) 37

FIGURE 17 SUPPLY CHAIN ANALYSIS 40

FIGURE 18 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL SHEET MOLDING COMPOUND (SMC) MARKET 41

FIGURE 19 GLOBAL SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(USD MILLION) 44

FIGURE 20 GLOBAL SHEET MOLDING COMPOUND MARKET, BY TYPE, 2020-2027(KILOTONS) 45

FIGURE 21 GLOBAL SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(USD MILLION) 52

FIGURE 22 GLOBAL SHEET MOLDING COMPOUND MARKET, BY APPLICATION, 2020-2027(KILOTONS) 53

FIGURE 23 GLOBAL SHEET MOLDING COMPOUND MARKET BY REGION, 2020-2027(USD MILLION) 59

FIGURE 24 GLOBAL SHEET MOLDING COMPOUND MARKET BY REGION, 2020-2027(KILOTONS) 60


Sheet Molding Compound Market

The Global Sheet Molding Compound Market is anticipated to acquire a market value of USD 2,042.4 Million while expanding at a CAGR of 4.79% during the forecast period from 2020 to 2027.

Segmentation

By Type General Purpose Flame Resistance Corrosion Resistance Electronic Insulators Others
By Application Automotive Building & Construction Electrical & Electronics Others

Key Players

  • IDI Composites International (U.S.)
  • Menzolit (Germany)
  • Polynt (Italy)
  • Continental Structural Plastics Inc. (U.S.)
  • Zoltek Corporation (U.S.)
  • DIC Corporation (Japan)
  • Changzhou Tianma Group Co. Ltd. (China)
  • Core Molding Technologies (U.S.)
  • Zhejiang Sida New Materials Co. Ltd.
  • Molymer SSP Co. Ltd. (Japan)
  • Showa Denko K.K. (Japan)
  • Devi Polymers Private Limited (India)

Drivers

  • Growing Demand for Lightweight Vehicles to Grow the Demand for the Product during the Forecast Period
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Market Overview


As per the analysis conducted by Market Research Future (MRFR), the Global Sheet Molding Compound Market is anticipated to acquire a market value of USD 2,042.4 Million while expanding at a CAGR of 4.79% during the forecast period from 2018 to 2023.


Impact of COVID-19


The COVID-19 is expected to bring a negative impact on the sheet molding compound market growth owing to the imposition of lockdown. The pandemic had temporarily shut down factories and manufacturing units that hampered the demand and supply of the market. The global chemical and materials sector is one primary industry suffering from the pandemic.


Market Dynamics


Drivers


Growing Demand for Lightweight Vehicles to Grow the Demand for the Product during the Forecast Period


The increasing demand for lightweight materials in the construction sector is anticipated to be a significant factor that is projected to augment the sheet molding compound market size during the forecast period. The expansion of the automobile sector, owing to the rising demand for commercial and passenger


vehicles, are expected to strengthen the market in the coming period. The low-cost of SMC is anticipated to be another factor that can add fuel to the demand, thereby benefitting the market. Besides, the advent of electric vehicles is predicted to bolster the global market in the evaluation timeframe.


Opportunities


Expansion of the Transportation Sector to Offer Significant Opportunities in Market Expansion


The market is anticipated to witness significant opportunities in the transportation sector that can augment the trade in the assessment period. Also, advancements in the composite materials to be used in concrete structures to achieve sustainability goals can also provide a significant opportunity to the sheet molding compound market manufacturers.


Restraints


Concerns Regarding Recyclability to Hinder the Market


The sheet molding compound market share is likely to suffer majorly due to the concerns regarding the recyclability that is expected to hamper the market growth in the assessment period.


Challenge


Fluctuations in the Price of Raw Materials


One of the major challenges of the MSC market is the fluctuation of the prices of the raw materials. The primary raw material of the sheet molding compounds is the polyester resin and vinyl ester resin. The instability occurring in their prices is projected to affect market expansion.


Market Segmentation


Global Sheet Molding Compound Market is segmented into Application and Type.


By Application


The application-based segments of the global market for sheet molding compounds are automotive, electrical & electronics, building & construction, and others. Among all, the automotive segment is projected to acquire a market value of USD 722.3 million by 2023. The growing demand for lightweight vehicles is expected to fuel the segment during the forecast period. The electrical & electronics application is projected to acquire the market value of USD 504.6 million by 2023, which can be attributed to the growing demand for carbon fiber reinforced plastic (CFRP).


By Type


The type-based segments of the global market for sheet molding compounds are electronic insulators, flame resistance, corrosion resistance, general-purpose, and others. The flame segment is projected to acquire a market value of USD 607.7 million while expanding at a CAGR of 4.66% by 2023. On the other hand, electronic insulators are expected to grow at the highest CAGR of 5.21% while garnering the market value of USD 513.6 million by 2023.


Regional Analysis


As per the sheet molding compound market analysis conducted by MRFR, the global market for sheet molding compound is segregated into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).


APAC Region to Lead the Market During the Assessment Period


APAC is anticipated to acquire the market value of USD 716.5 million by 2023. The growing demand for automobiles, along with rising standards of living, is expected to be a significant factor that can boost the regional market during the forecast period. The rapid urbanization in the region is projected to be another salient cause that can drive the regional market. Besides, the participation of China is likely to provide the APAC an upper hand that can propel the regional market in the assessment period. China is the hub for electrical and automobile manufacturers.


North America to be the Second-Largest Market During the Forecast Period


North America is projected to be the second-largest market owing to the surging demand for automobiles and the rapid expansion of the automobile sector. The growing demand for luxury cars, along with the increasing preference for an electric vehicle, is anticipated to be a significant factor that can strengthen the regional market in the projection tenure. Among all, the U.S. is projected to be the primary contributor in developing the North American market during the assessment tenure.


Europe to Acquire Significant Market Value During the Evaluation Tenure


The regional market is predicted to grow significantly, owing to the imposition of stringent emission policies. In addition, the growing demand for composite materials is anticipated to favor the regional expansion of the market. The U.K. is projected to be a significant contributor to develop the regional market.


MEA to Acquire USD 110.3 Million by 2023


The MEA region is projected to acquire a market value of USD 110.3 million by 2023. The region is anticipated to be majorly driven by the Middle East countries.


Competitive Landscape


The key players are adopting various strategies that will strengthen their market in the coming period. The growing partnership, mergers, acquisitions are expected to fuel the competition in the market.


List of Key Players Covered in the Report



  • IDI Composites International (U.S.)

  • Menzolit (Germany)

  • Polynt (Italy)

  • Continental Structural Plastics Inc. (U.S.)

  • Zoltek Corporation (U.S.)

  • DIC Corporation (Japan)

  • Changzhou Tianma Group Co., Ltd. (China)

  • Core Molding Technologies (U.S.)

  • Zhejiang Sida New Materials Co., Ltd. (China)

  • Molymer SSP Co., Ltd. (Japan)

  • Showa Denko K.K. (Japan)

  • Devi Polymers Private Limited (India)

  • Zhejiang Yueging SMC & BMC Manufacture Factory (China)

  • Changzhou City Jianghsi Composite Technology Co., Ltd. (China)

  • Huayuan Advanced Materials Co., Ltd. (China)

  • Jiangsu Zhaojun New Material Co., Ltd. (China)

  • Beijing New Friend Insulation Material Co., Ltd. (China)


Recent Developments



  • October 2020- Teijin, a Japanese chemical, pharmaceutical, and information technology company, has announced joined the AZL Partner Network for lightweight production technology. The joint business development program is involving nine institutes and some 80 companies in the field of lightweight production.


Report Overview


The report highlights the manufacturing technology and the applications that describe the market growth of the market. Based on such information, the market is evaluated into various segments, which informs about the procurement of market share during the forecast period. The details about the market have been protracted on the basis of salient players, competitive partners, and the revenue generation in the forthcoming period. The report casts light on the established regional, global, and nation-specific players, which makes the market highly competitive. The other market dynamics have also been analyzed across an array of developments, which provides a solid hold of the market in the assessment period.


Segmentation Table


Sheet Molding Compound Market, By Type



  • Electronic Insulators

  • Flame Resistance

  • Corrosion Resistance

  • General Purpose


Sheet Molding Compound Market, By Application



  • Automotive

  • Electrical & Electronics

  • Building & Construction



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2023: USD 2,042.4 Million
  • 2030 : Significant value
  •   CAGR   4.79% (2022-2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Type, Application and Region
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   IDI Composites International (U.S.),Menzolit (Germany),Polynt (Italy),Continental Structural Plastics Inc. (U.S.),Zoltek Corporation (U.S.),DIC Corporation (Japan),Changzhou Tianma Group Co., Ltd. (China),Core Molding Technologies (U.S.), Zhejiang Sida New Materials Co., Ltd. (China),Molymer SSP Co., Ltd. (Japan),Showa Denko K.K. (Japan),Devi Polymers Private Limited (India),Zhejiang Yueging SMC & BMC Manufacture Factory (China),Changzhou City Jianghsi Composite Technology Co., Ltd. (China),Huayuan Advanced Materials Co., Ltd. (China),Jiangsu Zhaojun New Material Co., Ltd. (China),Beijing New Friend Insulation Material Co., Ltd. (China)
      Key Market Opportunities   Expansion of the Transportation Sector to Offer Significant Opportunities in Market Expansion
      Key Market Drivers   Growing Demand for Lightweight Vehicles to Grow the Demand for the Product during the Forecast Period


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    Frequently Asked Questions (FAQ) :

    The sheet molding compound market is projected to grow at a 4.79% CAGR between 2018-2023.

    The sheet molding compound market is predicted to touch USD 2,042.4 million by 2023.

    The APAC region is expected to dominate the sheet molding compound market.

    Constant sale of electric cars, demand for fuel-efficient cars, and strict policies related to emissions are driving market growth.

    Recyclability issues may restrict market growth.

    Global Sheet Molding Compound Market: Competitive Landscape


    The competitive landscape is an analysis of the degree of competition among industry players as well as industry growth and the market scenario. The global sheet molding compound (SMC) market is expected to witness significant growth in the coming years on account of rapidly increasing automotive production in both developed and developing markets. The players in the market are focusing on introducing advanced carbon fiber SMC to meet the increasing demand for lightweight vehicles globally. Also, the rising consumption of SMC in the construction industry in wall panels as a replacement for steel mesh reinforcement and as a strong mechanical link between the inner and outer sections of concrete walls is likely to encourage players to introduce new products in the market.


    The prominent players operating in the global sheet molding compound market are Continental Structural Plastics Inc., Zoltek Corporation, DIC Corporation, Polynt, Showa Denko K.K., and Menzolit among others.


    Continental Structural Plastics Inc (Continental Structural Plastics) operates as a wholly owned subsidiary of Teijin Limited and is renowned as a leading provider of composite solutions to numerous end-use industries such as automotive, HVAC, and building and construction. In July 2018, Continental Structural Plastics proposed to set up an SMC line at its production facility in Pouance, France. This initiative will help the company develop advanced composite products such as advanced carbon fiber composites and expand its presence in the European market.


    Zoltek Corporation (Zoltek) operates as a subsidiary of the Toray Group. The company manufactures and sells thermoplastic compound, SMC, uni-directional fabric, woven fabric, and chopped fiber, among others. The company aims to become a leader in the carbon fiber marketplace by serving a broad range of products to numerous end-use industries. In April 2018, the company proposed the expansion of its carbon fiber production capacity in Hungary to meet the increasing demand in the automotive and wind energy industries.


    DIC Corporation is involved in the manufacturing and selling of printing inks, organic pigments, and synthetic resins across the globe. The company operates in more than 60 countries and territories across the globe. Focused R&D, wide product portfolio, and vast global revenue base are some of the major strengths of this DIC Corporation. DIC Corporation aims to expand its presence in emerging economies by introducing new products and strengthening its research and development capabilities.


    Showa Denko K.K. (Showa Denko) is one of the leading chemical companies in the world. The company serves major end-use industries such as automotive, electrical and electronics, and building and construction. Expansion of its existing product portfolio and strategic acquisitions and joint ventures to expand its global footprint is expected to boost its revenue during the following years.


    Menzolit engaged in the manufacturing of SMC and BMC for various end-use industries such as automotive, construction, electrical and electronics, and energy. The company has three production facilities in Europe. It serves customers globally through partners based in emerging markets such as India, China, and Turkey. In September 2017, D&F, an exclusive partner of Menzolit, opened a new plant in Zhejiang, China, which consists of two SMC and three BMC product lines. This step was taken to meet the growing demand for the product in the East Asian market.