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Sheet Molding Compound (SMC) Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Sheet Molding Compound (SMC) MarketThe global market for Sheet Molding Compound (SMC) was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
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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.
SMC materials are thermosets and contain glass or carbon reinforcement levels between 10 and 60 %. The longer fibers in SMC result in better strength properties than standard bulk molding compound (BMC) products. Typical applications include demanding electrical applications, corrosion resistant needs, structural components at low cost, automotive, and transit. SMC delivers high surface quality. SMC is used for larger parts where higher mechanical strength is needed.
In this report, the SMC we surveyed are finished product of sheet molding compound, which is counterpart of BMC (Bulk molding compound).
In Asia-Pacific market, Leading players in SMC industry are IDI Composites International, SDK, Menzolit, Continental Structural Plastics, Molymer SSP, Yueqing SMC & BMC, etc. IDI, SDK, Polynt and Molymer SSP leading the market with 20% of the market.
By Type
• General Purpose SMC
• Flame Resistance SMC
• Electronic Insulators SMC
• Corrosion Resistance SMC
• Other Type SMC
By Application
• Automotive and Commercial Vehicle
• Electrical & Energy
• Construction
• Other Application
Key Companies
IDI Composites International, Menzolit, Polynt, Molymer SSP, Continental Structural Plastics, SDK, Devi Polymers, DIC, Huamei New Material, Yueqing SMC & BMC, Tianma Group, Jiangshi Composite, Huayuan Group, BI-GOLD New Material, Changzhou Rixin, Fonda Thermoset Plastic, SIDA composites, Fu Runda Group
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