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Sheet Molding Compound and Bulk Molding Compound Market by Resin Type, Fiber Type, Application and Region - Global Forecasts to 2020

Sheet Molding Compound and Bulk Molding Compound Market: Global Forecasts until 2020

  • February 2016
  • 104 pages
  • ID: 3629279
In this report:
Carbon fiber SMC and BMC is expected to register a higher CAGR of ##.##% between 2015 and 2020 due to increase in the demand for high strength composites parts for applications mainly transportation and aerospace industries.
The global demand for SMC and BMC was ##.## kilotons in 2014, and is projected to reach ##,##.## kilotons by 2020, at a CAGR of ##.##% between 2015 and 2020.

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"Growing demand for lightweight, high strength, and fire & temperature resistance materials to propel the increase of SMC and BMC market"

The rise of SMC and BMC is largely associated with the growing demand for lightweight and strong composite materials, which are used in different end-use industries including transportation, electrical & electronics, construction, and among others. Lightweight and good mechanical properties are a pre-requisite for the parts that are to be used in the transportation market. Weight is an important factor for the performance of a vehicle. A slight reduction in weight can have a main effect on the performance of a vehicle, which offers scope about the usage of SMC and BMC materials in the transportation sector. Due to their excellent electrical insulation, good mechanical properties, and surface appearance, SMC and BMC materials are preferred over other traditional materials including iron, aluminum, and steel concerning their usage in end-use sectors.

"Transportation and electrical & electronics application to drive the SMC and BMC market during the estimate period"

Composites are becoming a core strategic material for automotive OEMs for structural and non-structural components. The transportation application is forecasted to contribute the biggest market share during the outlook period. SMC and BMC possess properties including high strength, dimensional stability, and corrosion resistance, which make them an ideal material to be used in trucks and automotive exterior and interior parts. Furthermore, the BMC market in electrical & electronics application is projected to witness increase in the coming five years. This is due to the rising usage of BMC materials as a result of properties exhibited by them including fire & flame resistance, dimensional stability, and so on.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were conducted as follows:-

- By Company Type: Tier 1 (50.0 percent), Tier 2 (37.0 percent), and 1/3 3 (13.0 percent)

- By Description: C-suite (46.0 percent), D-level (33.0 percent), and other (21.0 percent)

- By area: North america (NA) (34.0 percent), Europe (31.0 percent), Asia-Pacific (23.0 percent), and RoW (12.0 percent)

The analysis will facilitate the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the SMC and BMC market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across several verticals and localities.

2. The market research benefits partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners to better find out the competitor and obtain additional insights to better their rank in the business sector. The competitive outlook section includes competitor landscape, new industry product developments, alliances, and mergers & acquisitions.

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