Sheet Molding & Bulk Molding Compounds Market - Segmented by Resin Type, Fiber Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2019 - 2024)

Sheet Molding & Bulk Molding Compounds Market - Segmented by Resin Type, Fiber Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2019 - 2024)

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The sheet molding & bulk molding compounds market is estimated to grow at a moderate to high rate during the forecast period, 2018-2023. Asia-Pacific is expected to witness highest growth in the demand for sheet molding & bulk molding compounds during the forecast period, owing to the rising demand for light-weight vehicles to reduce fuel consumption and periodic boost in the global electronics industry.

Rising Demand for Light-weight Vehicles

Innovation of lightweight design has led to a new generation of fuel-efficient and cost-effective vehicles. The optimization and improvement of these aspects are the fundamental conditions for introducing carbon fiber components in vehicle production. The development of composites, like carbon fiber reinforced plastics and advancement in production technologies have played a significant role in the development of light vehicles. In addition, the combination of carbon fiber sheet molding compounds and continuous, oriented and pre-impregnated carbon fiber fabrics, called Prepregs to manufacture more promising solution due to the ever-changing demand and business environment in the automotive industry is driving the demand for SMC/BMC in the industry.

Periodic Boost in Electronics Industry is Likely to Propel the Market

SMC/BMC is used to manufacture various electrical & electronic products and home appliances. These products include air conditioners, televisions, refrigerators, coffee machines, toasters, irons, switchgears, and fuses, etc. Rising urbanization and robust population growth is likely to propel the demand for such products over the forecast period. Additionally, rise in disposable income in the developing countries are another supporting factor for this growth. Furthermore, there have been investments made by the Chinese government in the country’s electronics sector, which, in turn, is expected to boost the demand for SMC/BMC from the sector during the forecast period.

Asia-Pacific to Witness Strong Growth

Asia-Pacific is expected to be the largest market for sheet molding & bulk molding compounds during the forecast period majorly due to the increasing electrical & electronics production in the region. China is expected to witness strong growth in the demand for sheet molding & bulk molding compounds, owing to the favorable government support to electrical & electronics industry to increase production. For instance, the Chinese government has planned to invest about USD 31.5 billion to increase the production of semiconductors. Hence, such factors are expected to drive the demand for bulk molding compounds in Asia-Pacific during the forecast period.


Key Developments in the Market

  • March 2018: Koninklijke Ten Cate B.V. announced that it has reached an agreement with integrated chemicals and materials group Toray Industries Inc. on the acquisition of TenCate Advanced Composites

Major Players: IDI Composites International, Menzolit, Continental Structural Plastics, Core Molding Technologies, Koninklijke Ten Cate BV., Citadel Plastics Holding Inc., and Showa Denko K.K., among other

Reasons to Purchase this Report

  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • End-user type that is expected to dominate the sheet molding & bulk molding compounds market
  • Region that is expected to witness fastest growth during the forecast period
  • Identifying the latest developments, market shares and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel

Customization of the Report

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1. Introduction

                1.1 Scope of the Report

                1.2 Market Definition

                1.3 Study Assumptions

                1.4 Study Deliverables

                1.5 Research Phases

2. Executive Summary

3. Market Insights

                3.1 Industry Value Chain Analysis

                3.2 Industry Attractiveness – Porter’s Five Forces Analysis

                                3.2.1 Bargaining Power of Suppliers

                                3.2.2 Bargaining Power of Consumers

                                3.2.3 Threat of New Entrants

                                3.2.4 Threat of Substitute Products & Services

                                3.2.5 Degree of Competition

                3.3 Price Analysis

                3.4 Opportunity Analysis by End User

                3.5 Opportunity Analysis by Region

4. Market Dynamics

                4.1 Drivers

                4.2 Restraints

                4.3 Opportunities

5. Market Segmentation and Analysis (Growth, Size, and Forecast)

                5.1 By Resin Type

                                5.1.1 Epoxy

                                5.1.2 Polyester

                5.2 By Fiber Type

                                5.2.1 Glass Fiber

                                5.2.2 Carbon Fiber

                5.3 By End-user Industry

                                5.3.1 Automotive & Transportation

                                5.3.2 Aerospace

                                5.3.3 Electrical & electronics

                                5.3.4 Building & construction

                                5.3.5 Domestic appliances

                                5.3.6 Others (including Sanitary and Medical)

6. Regional Market Analysis (Market Size, Growth, and Forecast)

                6.1 Asia-Pacific

                                6.1.1 China

                                6.1.2 India

                                6.1.3 Japan

                                6.1.4 South Korea

                                6.1.5 ASEAN Countries

                                6.1.6 Rest of Asia-Pacific

                6.2 North America

                                6.2.1 United States

                                6.2.2 Canada

                                6.2.3 Mexico

                                6.2.4 Rest of North America

                6.3 Europe

                                6.3.1 Germany

                                6.3.2 United Kingdom

                                6.3.3 France

                                6.3.4 Italy

                                6.3.5 Spain

                                6.3.6 Rest of Europe

                6.4 South America

                                6.4.1 Brazil

                                6.4.2 Argentina

                                6.4.3 Rest of South America

                6.5 Middle East & Africa

                                6.5.1 Saudi Arabia

                                6.5.2 South Africa

                                6.5.3 Rest of Middle East & Africa

7. Competitive Landscape

                7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

                7.2 Market Share Analysis**

                7.3 Strategies Adopted by Leading Players

8. Company Profiles

                8.1 Polytec

                8.2 Polynt

                8.3 IDI Composites International

                8.4 Menzolit

                8.5 Continental Structural Plastics

                8.6 Plastic Omnium

                8.7 Core Molding Technologies

                8.8 Koninklijke Ten Cate BV.

                8.9 Citadel Plastics Holding Inc.

                8.10 Showa Denko K.K.

                8.11 Changzhou Runxia Fiberglass Products Co., Ltd

                8.12 Astar S.A.

                *List not Exhaustive

9. Disclaimer

**Subject to Feasibility & Availability on Public Domain

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