Press release
Sheet Molding Compound Market | Share, Growth, Analysis, Industry & Forecast 2029
Persistence Market Research delivers crucial in-depth insights regarding the global sheet molding compounds (SMC) market and provides a thorough data and information through structured market research methodology. The report on the sheet molding compounds (SMC) market involves global industry analysis 2014–2018 and forecast 2019–2029, and study the market and forecasts the upcoming market scenario based on the fiber type, end-use, and region.The global sheet molding compounds (SMC) market is expected to be valued at ~US$ 1.9Bn in terms of value by the end of 2019, and is expected to reach more than ~US$ 3.2 Mn by the end of the forecast period 2029, with a CAGR of ~ 5%.
Get Sample Copy Of This Report@ https://www.persistencemarketresearch.com/samples/15979
Applications in Railways Increasing the Demand for Sheet Molding Compounds (SMC)
Composites have been used for several benefits in the rail industry. Huge laminate for train windshields and sandwich construction have reduced the train weight and drag. It also improved aesthetics and aerodynamics of railways, which propels the demand for sheet molding compounds (SMC) for the manufacturing of train body parts.
Several applications of sheet molding compounds (SMC) in the railway industry boost the demand for sheet molding compounds (SMC) reinforced composites. Due to the several properties of sheet molding compounds (SMC) such as surface resistance, low smoke density, flame retardancy, etc., makes it a perfect composite for consumption in the manufacturing of window frames, partition wall, and inner ceilings of railways.
Request For Methodology@ https://www.persistencemarketresearch.com/methodology/15979
Increasing Automotive Applications Boosting the Market Growth
Rising pollution control regulations, fuel efficiency guidelines, and customer expectations, have led the automotive industry to produce innovative solutions to improve vehicle efficiency, which is achieved by the reduction in the weight of automotive parts, which in turn, results in augmenting the growth of the sheet molding compound (SMC) market. Sheet molding compound (SMC) composites have the ability to provide outstanding smooth surfaces for online and offline painting, coatings on the surface of metals in automotive, and other applications in aircraft body parts, which drives the growth of the sheet molding compounds (SMC) market.
Introduction of Cellulose Nanocrystals (CNC) in the sheet molding compound (SMC) composites to enhance mechanical properties for automotive applications in recent years is also up surging the demand for sheet molding compounds (SMC) from automotive manufacturers.
Emphasis on Fuel Reduction in Aircraft Estimated to Boost the Market Growth
Increasing demand for lightweight materials in aerospace consists of two main reasons i.e., the necessity to minimize the fuel consumption and their related costs, and to increase the cargo load per flight. The increasing demand for lightweight materials such as carbon fiber in aircraft, coupled with the growing awareness of fuel-efficient aircraft is propelling the growth of the sheet molding compounds (SMC) market. Current production technologies create competition in the aerospace industry. Existing processes for the manufacturing of lightweight composites are featured with an exceptional mechanical performance that results in extensive process cycles in comparison with approved processes and high costs of components. Moreover, raw materials, such as carbon fibers and other resins are expensive.
Purchase This Complete Report@ https://www.persistencemarketresearch.com/checkout/15979
Rising Prices of Carbon Fiber impeding Market Growth
Increase in the cost of carbon fiber as compared to steel and other metals, resulted in the declining demand for carbon base sheet molding compound (SMC) composites from several industry applications. Therefore, the industry must also ensure that there is a sufficient supply of carbon fibers to meet the demand of high-volume production. Growing infrastructural development is likely to augment the demand for sheet molding compounds (SMC) from the construction industry.
Increasing Inclination of Manufacturers to Other Substitutes May Impede Market Growth
Low level of strength and stiffness in sheet molding compounds (SMC) base parts are due to the low fiber-volume fraction, isotropic distribution, and short-fiber length. Moreover, high viscosity of the polymer impeding sufficient impregnation of fiber bundles, especially in case of continuous fibers. These properties result in the increasing inclination of manufacturers towards substitute products such as long fiber injection (LFI), which hinders the growth of the sheet molding compounds (SMC) market.
Mitsubishi Chemical Holdings Corporation, TORAY INDUSTRIES, INC, LyondellBasell Industries N.V, Teijin Limited, Wacker Chemie AG, Polynt SpA, Hexcel Corporation, POLYTEC HOLDING AG, are among the key players identified in the sheet molding compounds (SMC) market.
Contact us:
Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Persistence Market Research (PMR) is an innovative and specialized publisher of market intelligence reports and consulting services. Prompt delivery, in-depth research, and high quality are the sacrosanct principles of PMR.
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 Market | Share, Growth, Analysis, Industry & Forecast 2029 here
News-ID: 2199510 • Views: …
More Releases from Persistence Market Research
Frozen Foods Market Heats Up with Innovation and Growing Consumer Demand
Market Overview:
The frozen foods market consists of a wide range of products, including frozen fruits and vegetables, meat and seafood, ready-to-eat meals, and desserts. These products are preserved through freezing to maintain freshness and quality for an extended period.
Market Size and Growth:
The global market for frozen foods is forecasted to be of valuation US$ 281.0 Billion in the year 2022 which is expanding at a value CAGR of 5.1% and…
The Global Graphene Market's Striking Growth and Innovative Applications
Introduction
Graphene, a single layer of carbon atoms arranged in a hexagonal lattice, has gained global recognition for its extraordinary properties, such as exceptional electrical and thermal conductivity, mechanical strength, and flexibility. Since its isolation in 2004 by Andre Geim and Konstantin Novoselov, graphene has sparked considerable interest in both scientific and industrial communities. This report explores the current state of the graphene market and its potential growth opportunities.
Get Access To…
Business Opportunities in Cyber Security Mesh Market : Top Countries Data Analys …
Market Overview:
The projected global market size for cyber security mesh is expected to reach $8.8 billion by the year 2033, with an estimated valuation of $1.2 billion by 2023. This market is poised to experience a compound annual growth rate (CAGR) of 21.7% from 2023 to 2033.
The global Cyber Security Mesh market is poised for significant growth as organizations worldwide grapple with the escalating threat landscape. Cybersecurity has become an…
Synthetic Beta-Carotene Market To Boost Incredible Growth: 2033, Share Valuation …
Key market trends included a shift towards natural and plant-based ingredients, as consumers sought cleaner labels and healthier options. This drove the demand for naturally sourced beta-carotene, but synthetic beta-carotene still had its place due to its cost-effectiveness and consistency in production. The market was also influenced by regulatory changes and evolving dietary preferences, which affected the application and formulation of synthetic beta-carotene in various products.
To obtain the latest market…
More Releases for SMC
Rodless Actuators Market 2022 Strategic Assessment - Hunt Valve Company, Norgren …
This report studies the Rodless Actuators Market with many aspects of the industry like the market size, market status, market trends, and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. The report offers valuable insight into the Rodless Actuators market progress and approaches related to the Rodless Actuators market with an analysis of each region. The report goes on…
SMS Machine Automation announce deals with ABB and SMC
27th November 2019
Yorkshire based automation provider finish year on a high, signing separate deals with international industrial giants ABB and SMC.
SMS Machine Automation (SMS) are celebrating two trade partnership deals that will provide further opportunities for development and expansion in 2020 and beyond in the field of process automation and motion control.
In short the deals not only open more doors for SMS but also add credence to what they do…
Global Robotic Grippers Market 2018 - SMC, Robotiq, Zimmer, Destaco
Accord Market, recently published a detailed market research study focused on the “Robotic Grippers Market” across the global, regional and country level. The report provides 360° analysis of “Robotic Grippers Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Robotic Grippers on the…
Vacuum Suction Cups Market Report for Period 2018 till 2022 SMC Corporation, Sch …
Global Vacuum Suction Cups market report emphasizes on detailed analysis of companies and manufacturers like DESTACO (Dover), Myotoku, VMECA, ANVER, FIPA, Coval, VUOTOTECNICA, SMC Corporation, Schmalz, Aventics, PISCO, Piab, Festo and Others.
A vacuum suction cups are the link between the workpiece and the handling system. They consist of the suction cup (elastomer part) and a connecting element.
This market study includes data about global market statistics, market share, company performances,…
Electrostatic Eliminator Market 2017 - Simco, SMC, KEYENCE, Sunje, HDion
A market study based on the "Electrostatic Eliminator Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Electrostatic Eliminator Market 2017’. The research report analyses the historical as well as present performance of the worldwide Electrostatic Eliminator industry, and makes predictions on the future status of Electrostatic Eliminator market on the basis of this analysis.
Get Free Sample Copy of Report Here : https://goo.gl/5U1WYI
Top Manufacturers…
Special Materials Company (SMC) Subsidiary Opens In Switzerland
July 29, 2011. Special Materials Company (SMC) announces the opening of a European subsidiary in Switzerland, and appoints Christoph Mielke to the post of Global Managing Director of Phosphorous Derivatives.
Mielke’s background includes over 15 years of sales and marketing functions at the CECA/Arkema Group prior to becoming the Managing Director of the new SMC Swiss office.
With this European entity; Special Materials Company (SMC) is committed to expand its business activities…
