Press release
Sheet Molding Compound and Bulk Molding Compound Market 2021 by IDI Composite International, Citadel Plastics Holding, Core Molding Technologies, Continental Structural Plastics, Showa Denko K.K., Changzhou Runxia Fiberglass Products and Royal Tencate
Sheet Molding Compound & Bulk Molding Compound Market to have 6.5% CAGR during forecast period 2018-2021
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 scope of the study includes two types: Glass Fiber and Carbon Fiber. The selection of mining methods is primarily based on the geological/spatial setting of the deposit. Glass fiber is expected to hold the maximum market share and is projected to reach USD 2,928.7 million by 2021. It is growing at a growth rate of 6.7% from 2016 to 2021.
Ask Sample for this Report @ https://www.marketresearchfuture.com/sample_request/1671
The key players of Global Sheet Molding Compound and Bulk Molding Compound Market report include- IDI Composite International, Citadel Plastics Holding Inc., Menzolit GmbH, Polynt S.P.A, Core Molding Technologies Inc., Continental Structural Plastics Inc., Showa Denko K.K., Changzhou Runxia Fiberglass Products Co., Ltd., and Royal Tencate.
Segments
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.
Market Research Analysis:
It is expected that the Global Sheet Molding Compound and Bulk Molding Compound Market will advance with higher growth rate as compared to previous years. Global sheet molding compound and bulk molding compound market is projected to reach USD 3,531.1 million by 2021 with 6.5% CAGR during review period of 2016-2021. Total number of companies increased by around 15-20% over the forecasted period and is dominated by micro-size establishments specially in developing markets like China. Transportation as an application has acquired the largest segment with USD 1,031.0 million in 2016 and expected to reach USD 1,439.2 million in 2021 with a CAGR of 6.9%, followed by electrical and construction application respectively.
Asia-Pacific is one of the major revenue generator as well as producer of sheet molding compound and bulk molding compound however, for the manufacturer there will be an extreme opportunity to invest or increase the production capacity. China stands on the top most position as producers and consumer which account the total of around 50% of the global market.
Market Highlights
Global Sheet Molding Compound and Bulk Molding Compound Market has witnessed a remarkable growth and as per the analysis. The over growth of the market is attributed towards the continuously increasing growth of the application industries such as transportation, electrical and construction. The growth of global transportation and electrical market has resulted in increasing production of Sheet Molding Compound and Bulk Molding Compound. 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.
Regional Analysis of Global Sheet Molding Compound and Bulk Molding Compound Market
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.
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.
To Access Complete Report @ https://www.marketresearchfuture.com/reports/sheet-molding-compound-market-1671
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Sheet Molding Compound and Bulk Molding Compound Market 2021 by IDI Composite International, Citadel Plastics Holding, Core Molding Technologies, Continental Structural Plastics, Showa Denko K.K., Changzhou Runxia Fiberglass Products and Royal Tencate here
News-ID: 1553566 • Views: …
More Releases from Market Research Future
Ophthalmic Topical Therapeutics Market | Global Market Analysis Report - 2035
Ophthalmic Topical Therapeutics: Advancing Eye Care Through Targeted Treatment
Ophthalmic topical therapeutics have become a cornerstone in modern eye care, offering precise, localized treatment for a wide range of ocular conditions. Unlike systemic medications, which circulate throughout the body and may produce unintended side effects, topical therapies deliver active compounds directly to the eye, ensuring higher efficacy and a faster onset of action. This localized approach not only improves treatment outcomes…
Mental Health Apps Market Share, Size, Growth and Forecast to 2035
Mental Health Apps: Transforming the Way We Care for Our Minds
In recent years, mental health has gained increasing recognition as an essential component of overall well-being. Despite growing awareness, many individuals still face barriers to accessing mental health support, including stigma, cost, and geographic limitations. Mental health apps have emerged as a transformative solution, leveraging technology to provide accessible, personalized, and convenient mental health care for millions worldwide.
The Rise of…
Surgical Gloves Market Size, Share, Growth | CAGR of 4.95%
Surgical Gloves: A Critical Component of Modern Healthcare
Surgical gloves have become an indispensable element in modern healthcare, serving as a first line of defense against contamination, infection, and disease transmission. These gloves are not just protective gear-they are a symbol of safety, hygiene, and precision in medical practice. Their significance spans from routine hospital procedures to complex surgical interventions, highlighting their essential role in patient care and medical safety protocols.
The…
Asia Pacific CRO Market Size, Share & Growth Report by 2035
Asia Pacific CRO Market: Driving Innovation and Transformation in the Clinical Research Landscape
The Asia Pacific Contract Research Organization (CRO) market has been witnessing significant growth over the past decade, emerging as a pivotal hub for clinical research and drug development. With a growing population, increasing prevalence of chronic diseases, and rising investments in healthcare infrastructure, the region has become an attractive destination for pharmaceutical and biotechnology companies seeking cost-effective and…
More Releases for Molding
Differences Between Flaskless Molding Machines and Flask Molding Machines
Flaskless molding machines [https://www.junengmachinery.com/servo-molding-machine-products/] and flask molding machines are two primary types of equipment used in foundry production for making sand molds (castings molds). Their core distinction lies in whether they use a flask to contain and support the molding sand. This fundamental difference leads to significant variations in their processes, efficiency, cost, and applications.
Key Differences
Core Concept:
Flask Molding Machine: Requires the use of a flask during mold making. A flask…
LSR Molding: Understanding Silicone Rubber Injection Molding
Liquid Silicone Rubber (LSR) molding is a specialized manufacturing process used to create flexible, durable, and heat-resistant silicone parts. This technique is widely used across industries such as automotive, medical, electronics, and consumer goods. Its ability to produce high-quality parts with precision and consistency makes it a top choice for many manufacturers.
• What Is LSR Molding?
LSR molding, or Liquid Silicone Rubber injection molding (https://www.newtopcustomsilicone.com/capabilities/liquid-silicone-injection-molding/), involves injecting two-component platinum-cured silicone into…
HDPE Blow Molding and Injection Molding Containers Market
Persistence Market Research (PMR) has published a new research report on HDPE blow molding and injection molding containers. The report has been titled "HDPE Blow Molding and Injection Molding Containers Market: Global Industry Analysis 2013-2017 and Forecast 2018-2026." The proliferating demand for HDPE blow molding and injection molding containers is largely from the beverage, chemical & petrochemicals, and pharmaceuticals industries, owing to the barrier properties of HDPE and convenience in…
Sheet Molding Compound and Bulk Molding Compound Market - Growth Prophesy 2025 | …
Global Sheet Molding Compound and Bulk Molding Compound Market: Snapshot
The global market for sheet molding compound and bulk molding compound is expected to advance with the launch of superior quality, lightweight, and more durable bulk molding and sheet molding compounds. By virtue of their higher line throughputs and lower production costs, these compounds are increasingly preferred by several leading manufacturers. As an augmenting number of advanced automobiles and luxury brands…
HDPE Blow Molding and Injection Molding Containers Market 2026
Due to its intrinsic physical and mechanical properties, high density polyethylene (HDPE) is highly used as packaging materials in different industries including food, beverages, pharmaceuticals, cosmetics, homecare, chemicals, and petrochemicals. Urbanization, changing consumer preferences, and expanding middle class have significantly contributed to the rising demand for consumer goods. Increased demand for consumer goods has, in turn, revolutionized the packaging industry, especially plastic packaging.
Polyethylene is most commonly used in the packaging…
Sheet Molding Compound and Bulk Molding Compound Market 2017-2025 : Polynt S.P.A …
Global Sheet Molding Compound and Bulk Molding Compound Market: Snapshot
The global market for sheet molding compound and bulk molding compound is expected to advance with the launch of superior quality, lightweight, and more durable bulk molding and sheet molding compounds. By virtue of their higher line throughputs and lower production costs, these compounds are increasingly preferred by several leading manufacturers. As an augmenting number of advanced automobiles and luxury brands…
