Press release
The global sheet molding compound (SMC) market is estimated to exhibit a growth rate of 4.79% CAGR, on the basis of its value, during the forecast period 2018 to 2023 and top key players are Continental Structural Plastics Inc. (U.S.), Zoltek Corporation
Market analysis
Rising interest for lightweight materials for the creation of parts is relied upon to support the market demand in the coming years. This is additionally substantiated by the interest for passenger and commercial vehicles which are wrapped by stringent emission directions. Moreover, developing electric vehicle deals can decidedly affect the market. The extending construction industry is relied upon to prompt interest for SMC in the prospective years inferable from high use of glass grids and carbon fiber in present day ventures. Utilization of economical materials is anticipated to look good for the SMC market over the time frame. The global sheet molding compound (SMC) market is estimated to exhibit a growth rate of 4.79% CAGR, on the basis of its value, during the forecast period 2018 to 2023.
Market segmentation
The global Sheet Molding Compound (SMC) Market is currently divided on the basis of its type, application and regional demand. Based on its type, the market is classified into flame resistance, general purpose, corrosion resistance, electronic insulators, among others. On the basis of its application, the global sheet molding compound (SMC) market is bifurcated into automotive, building & construction, electrical & electronics, among others.
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Regional analysis
Geographically, the global Sheet Molding Compound (SMC) Market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Major players
Continental Structural Plastics Inc. (U.S.), Zoltek Corporation (U.S.), DIC Corporation (Japan), IDI Composites International (U.S.), Menzolit (Germany), Polynt (Italy), Changzhou Tianma Group Co., Ltd. (China), Core Molding Technologies (U.S.), Showa Denko K.K. (Japan), Devi Polymers Private Limited (India), Zhejiang Sida New Materials Co., Ltd. (China), Molymer SSP Co., Ltd. (Japan), among others are some of the major players in the global Sheet Molding Compound (SMC) Market.
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Table of Contents:
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
2.5 Key Takeaways
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Rising Demand for Lightweight, Fuel-Efficient, and Electric Vehicles
5.2.2 Increasing Consumption in Modern Construction Projects
5.3 Restraints
5.3.1 High cost of SMC
5.4 Opportunities
5.4.1 Growing demand for automobiles in emerging economies
5.5 Challenges
5.5.1 Problems Pertaining to the Recyclability of SMC
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About Us
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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