Sheet Molding Compound and Bulk Molding Compound Market to Reach wuih USD 3,531.1 Million at CAGR of 6.5% by 2021 | Polynt S.P.A, Menzolit GmbH, IDI Composite International, Showa Denko K.K., Citadel Plastics Holding Inc.

The global sheet molding compound and bulk molding compound market is expected to and reach USD 3,531.1 Million at the end of the forecasted period and is expected to show a staggering growth at CAGR of 6.5% from 2016 to 2021. Glass fiber is expected to hold the maximum market share of USD 589.5 million by 2021, growing at a CAGR of 6.7%.

Top Key Players:

Citadel Plastics Holding Inc.
IDI Composite International
Polynt S.P.A
Menzolit GmbH
Core Molding Technologies Inc.
Changzhou Runxia Fiberglass Products Co. Ltd.
Continental Structural Plastics Inc.
Showa Denko K.K.
Royal Tencate

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Market Overview:

Sheet Molding Compound (SMC) is a fiber protected polymer matrix composite material which offers a range of beneficial properties that are demanded by various modern applications. Bulk Molding Compound (BMC) is any combination of cut glass components and resin in the form of a bulk pre-preg. Bulk molding compound is mainly suitable either for compression or injection molding. Transportation, electrical, construction and other applications such as aerospace, automotive, marine and consumer industries are increasing using sheet molding compound to take better advantage of its performance.

The demand for sheet molding compound has been on the rise recently due to the growing need for higher mechanical strength applications. Market reports associated with the chemicals and materials sector made accessible by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry. The market is likely to achieve revenues worth USD 3,531.1 Million while growing at a CAGR of 6.5% approximately in the forecast period.

The application of the sheet molding compound for compression or injection molding has seen significant improvement which is contributing to the overall development of the market. Its application in transportation, electrical, construction sectors is anticipated to provide an additional boost to the expansion of the market. The versatility of the sheet molding compound is likely to contribute to its overall growth over the forecast period.

Study Objectives :

To provide detailed analysis of the market structure along with forecast for the next 5 years of various segments and sub-segments of the global sheet molding compound and bulk molding compound market
To provide insights about factors affecting the market growth
To analyze the global sheet molding compound and bulk molding compound market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW)
To provide country level analysis of the market with respect to the current market size and future prospective
To provide country level analysis of the market for segment by type, application, and region.
To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global sheet molding compound and bulk molding compound market

Segmental Insights:

Global Sheet Molding Compound and Bulk Molding Compound market is segmented on the basis of Type, Application, and Region. On the basis of type it is segmented as glass fiber and carbon fiber. On the basis of application it is segmented as transportation, electrical and construction. Additionally on the basis of region, it is segmented as North America, Europe, APAC and Rest of the World.

However Europe is expected to acquire a market share of USD 923.7 million and will expand at a CAGR 4.9% by 2021. It is followed by U.S.

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Top Industry News:

July 2018 FACC will begin supplying materials for the entrance area for the A320 aircrafts. This contains the whole lining of the entrance area as well as the door area together with the ceiling panels in the middle, front and rear sections of the aircraft. The contract which is valued at an additional EUR 230 million, is based on FACC’s investment of some million euros in new sheet molding compound (SMC) technology and an exceptionally automated production line.

Geographical Analysis:

APAC will expand at a CAGR 7.2% over the forecast period with largest market size of USD 1,885.2 million by 2021. The share is attributed to the growing transportation and electrical & electronics industries in this region. China stands on the top most position as producers and consumer which account the total of around 50% of the global market.

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This release was published on openPR.