Press release
Sheet Molding Compound Market Size, Share, Development by 2024
To analyze the Sheet Molding Compound with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Sheet molding compound (SMC) is both a process and reinforced composite material. The composite is a “ready to mold” glass or carbon fiber reinforced polyester material primarily used in compression molding. The SMC sheets are manufactured by dispersing long strands of chopped glass fibers or carbon fibers on a bath of polyester resin, vinylester resin or epoxy resin.
Scope of the Report:
A key variable in the performance of SMC producers is raw material costs, specifically the speed at which any increase can be passed through to customers. The materials of SMC include SMC-specific unsaturated polyester resin, glass fiber, carbon fiber, etc. The prices of SMC-specific unsaturated polyester resin follow the oil price, with a lag, and movements can inject volatility into producer margins. In general, most producers structure the majority of their contracts to include a ‘pass through’ clause that smooth the impact.
The worldwide market for Sheet Molding Compound (SMC) is expected to grow at a CAGR of roughly 3.9% over the next five years, will reach 2360 million US$ in 2024, from 1880 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Sheet Molding Compound (SMC) in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
IDI Composites International
Magna
Menzolit
Continental Structural Plastics
Premix
Polynt
Molymer SSP
ASTAR
Core Molding Technologies
Lorenz
MCR
Huamei New Material
Yueqing SMC & BMC
Tianma Group
Jiangshi Composite
Huayuan Group
BI-GOLD New Material
Changzhou Rixin
DIC
East China Sea Composite Materials
Fonda Thermoset Plastic
SIDA Composites
Fu Runda Group
Devi Polymers
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
General Purpose SMC
Flame Resistance SMC
Electronic Insulators SMC
Corrosion Resistance SMC
Other Type SMC
Market Segment by Applications, can be divided into
Automotive and Commercial Vehicle
Electrical & Energy
Construction
Other Application
For More Information On This Report, Please Visit @
https://www.globalinforesearch.com/global-sheet-molding-compound-smc-market_p177242.html
Related Information:
North America Sheet Molding Compound Market Growth 2019-2024
United States Sheet Molding Compound Market Growth 2019-2024
Asia-Pacific Sheet Molding Compound Market Growth 2019-2024
Europe Sheet Molding Compound Market Growth 2019-2024
EMEA Sheet Molding Compound Market Growth 2019-2024
Global Sheet Molding Compound Market Growth 2019-2024
China Sheet Molding Compound Market Growth 2019-2024
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