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Sheet Molding Compound-SMC-MarketValued $3.55 Bn by 2026: A report by Polytec Holding AG, IDI Composites International, Polynt, TEIJIN LIMITED, Premix, ISCOPE GmbH, MENZOLIT, Huayuan Advanced Materials and others

04-03-2019 04:45 PM CET | Industry, Real Estate & Construction

Press release from: Data Bridge Market Research

Sheet Molding Compound-SMC-MarketValued $3.55 Bn by 2026:

Major Factors Affecting SMC market are increased focus on lightweight materials due to the focus on improving fuel efficiency for vehicles is expected to drive the market growth. Growing demand for bio-based materials and compounds is also expected to drive the market growth. High and fluctuating cost of raw materials as compared to traditional materials is expected to restrain the market growth, Complications and issues of recycling with sheet molding compounds (SMC) is also expected to restrain the market growth

Market Analysis:
Sheet Molding Compound (SMC) Market is expected to rise from its initial estimated value of USD 2.81 billion in 2018 to an estimated value of USD 3.55 billion by 2026, registering a CAGR of 2.95% in the forecast period of 2019-2026. This rise in market value can be attributed to the rising demand from the applicable industries for bio-based materials and compounds.

Get Sample Report @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-sheet-molding-compound-smc-market

Top Vendors:
• Polytec Holding AG
• IDI Composites International
• Polynt
• TEIJIN LIMITED
• Premix Inc
• ISCOPE GmbH
• MENZOLIT
• Huayuan Advanced Materials
• Core Molding Technologies
• Changzhou City Jiangshi Composite Technology
• Koninklijke Ten Cate
• SHOWA DENKO K.K.
• China Composites Group Corporation
• ASTAR

Key Developments in the Market:
• In August 2018, TEIJIN LIMITED announced an agreement to acquire Inapal Plasticos SA, helping TEIJIN acquire an already established company in the European region providing sheet molding compound (SMC) to the transportation and automobile industry.
• In January 2017, TEIJIN LIMITED announced that they had completed the acquisition of Continental Structural Plastics Inc. This acquisition is aimed at helping TEIJIN expand its product and service capabilities portfolio to an even broader region.

GET Detailed TOC @ https://databridgemarketresearch.com/toc/?dbmr=global-sheet-molding-compound-smc-market

Segmentation:
By Fiber Type
• Glass Fiber
• Carbon Fiber

By Resin Type
• Polyester
• Vinyl Ester
• Others

By Density
• Low Density
• Mid-High Density

By Characteristics
• Heat Resistant
• Flame Resistant
• High Dielectric Strength
• Corrosion
• Others
• By Application
• Transportation
• Electrical & Electronics
• Construction
• Others

By Geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa

Competitive Analysis:
Global sheet molding compound (SMC) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of sheet molding compound (SMC) market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Got Questions? Let Our Analyst Solve all Your Queries https://databridgemarketresearch.com/speak-to-analyst/?dbmr=global-sheet-molding-compound-smc-market

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com

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