Sheet Molding Compound (SMC) Market will reach 2520 million US$ by the end of 2025

This report studies the global Sheet Molding Compound (SMC) market status and forecast, categorizes the global Sheet Molding Compound (SMC) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).

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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.

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 global sheet molding compound (smc) market is valued at 1880 million us$ in 2017 and will reach 2520 million us$ by the end of 2025, growing at a cagr of 3.8% during 2018-2025.

The major manufacturers covered in this report

Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering

  • North America
  • Europe
  • China
  • Japan
  • India
  • Southeast Asia
  • Other regions (Central & South America, Middle East & Africa)

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

  • General Purpose SMC
  • Flame Resistance SMC
  • Electronic Insulators SMC
  • Corrosion Resistance SMC
  • Other Type SMC

By Application, the market can be split into

  • Automotive and Commercial Vehicle
  • Electrical & Energy
  • Construction
  • Other Application

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