Press release
Sheet Moulding Compound Market to Reach US$ 3.4 Billion by 2030, says Stratview Research
Startview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more. The report covers detailed segmentation by industry type, fiber type, resin type, density type, and region, delivering strategic insights that help manufacturers, suppliers, OEMs, and investors identify demand patterns, segment opportunities, and competitive landscapes.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/2496/sheet-molding-compound-market.html#form
Market Statistics
• Market size (2024): US$ 2.9 billion
• Forecast value (2030): US$ 3.4 billion
• CAGR: 2.9%
• Forecast period: 2025-2030
• Base year: 2024
• Total number of segments: 5
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
By Industry Type: Aerospace & Defense, Marine, Transportation, Construction, Consumer Goods, Electrical & Electronics, Pipe & Tanks, Other Industries
By Fiber Type: Glass Fiber, Carbon Fiber
By Resin Type: Polyester, Epoxy, Other Resins
By Density Type: Medium-High Density, Low-Density
By Region: Asia-pacific, North America, Europe, Asia-Pacific, Rest of the World
In industry-type segmentation, the transportation sector remains the largest due to extensive use of sheet molding compound for automotive body panels, hoods, fenders, and battery covers, where mechanical strength and lightweight properties meet automotive performance targets. Construction is identified as the fastest-growing industry given increasing infrastructure investments and demand for durable, corrosion-resistant materials in building structures and outdoor installations, highlighting tailored SMC formulations for structural applications.
Within fiber type, glass fiber dominates the market because of its cost-effectiveness and broad OEM adoption across sectors such as transportation and electrical & electronics. Carbon fiber is the faster-growing segment, driven by lightweighting priorities and high strength requirements in advanced applications such as aerospace and high-end electrical components, signaling strategic materials differentiation for performance.
For resin type, polyester leads due to its balanced performance, including chemical and heat resistance, making it suitable for diverse applications, while epoxy and other resins grow on niche performance demands.
Density type analysis shows Medium-High Density SMC as predominant, aligning with core structural applications where strength and rigidity are critical, and Low-Density SMC appeals where reduced weight is prioritized.
Regional Insights
Asia-Pacific is the largest regional market due to booming automotive manufacturing, robust electrical & electronics industries, and strong demand for cost-effective composite materials, structurally expanding SMC application across sectors.
North America holds the second largest position, supported by advanced manufacturing ecosystems and sustained demand in automotive and construction segments, reflecting established industrial base and innovation adoption.
Market Drivers
• Automotive fleet expansion increases use of lightweight SMC for body panels and structural parts.
• Construction sector growth drives demand for durable, corrosion-resistant composite materials.
• The electrical & electronics industry requires SMC for high-performance enclosures and insulators.
• Regulatory emphasis on fuel efficiency and emission standards increases lightweight material adoption.
• Infrastructure development and smart building systems create broader material demand.
Top Companies in the Market
Teijin Automotive Technologies
Polynt Group
IDI Composites International
Core Molding Technologies
LyondellBasell
Menzolit
Polytec Group
Changzhou Jiang's Compound Materials Technology Co., Ltd.
Mitsui Chemicals Group
Huayuan Advanced Materials (Hamlite)
FAQs
1. What is the current size of the sheet molding compound market?
The sheet molding compound market was valued at US$ 2.9 billion in 2024, reflecting robust application across transportation, construction, and electrical sectors.
2. How fast is the sheet molding compound market expected to grow through 2030?
The market is projected to grow at a CAGR of 2.9% from 2025 to 2030, driven by demand for lightweight, high-strength materials.
3. Which region holds the largest share in the sheet molding compound market?
Asia-Pacific leads the market due to strong automotive production and growth in electrical & electronics industries.
4. Which industry type contributes most to SMC demand?
The transportation industry contributes the largest demand owing to extensive use in automotive structural parts.
5. What are key constraints faced by the sheet molding compound market?
Constraints include raw material cost volatility and technical challenges in high-precision composite manufacturing, affecting supply-chain stability.
Related Links:-
Fluoroelastomers Market: https://www.omaada.com/blogs/283432/High-Performance-Seals-The-Fluoroelastomers-Market
Thermal Imager Market: https://taggedface.com/blogs/56993/Seeing-Beyond-the-Visible-The-Thermal-Imager-Market
Aircraft Heat Exchanger Market: https://logcla.com/blogs/1116822/Cooling-the-Skies-The-Aircraft-Heat-Exchanger-Market
Aircraft Rivets Market: https://plaza.rakuten.co.jp/ingnews/diary/202512230002/
Geosynthetics Market: https://plaza.rakuten.co.jp/ingnews/diary/202512230001/
Industrial Hose Market: https://logcla.com/blogs/1116454/Flexible-Solutions-for-Fluid-Transfer-The-Industrial-Hose-Market
Military Aircraft Mro Market: https://plaza.rakuten.co.jp/ingnews/diary/202512230000/
Agriculture Tires Market: https://plaza.rakuten.co.jp/marketing123/diary/202512230002/
Blood Collection Tube Market: https://plaza.rakuten.co.jp/marketing123/diary/202512230001/
Carbon Fiber Prepreg Market: https://plaza.rakuten.co.jp/marketing123/diary/202512230000/
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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