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Sheet Molding Compound Market Report : Trends, Forecast and Competitive Analysis 1.

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Presentation on theme: "Sheet Molding Compound Market Report : Trends, Forecast and Competitive Analysis 1."— Presentation transcript:

1 Sheet Molding Compound Market Report 2018- 2023: Trends, Forecast and Competitive Analysis 1

2 Industry Profiles Snapshot Major ParameterDescription Market Segments by End Use Industries Transportation, electrical and electronics, construction, and others Market Segments by Fiber Type Glass fiber and carbon fiber Market Segments by Resin Type Polyester, vinylester and others Market Segments by Density Low density, mid and high density Market Segments by Region North America, Europe, Asia Pacific and Rest of the World. Top Companies Name Continental Structural Plastics (Teijin), Polynt-Reichhold, Premix, Polytec, IDI Composites, Core Molding Technologies, and Plastic Omnium and others. Trend Growth Rate and CAGR3.1% Key Industry Forecast The global SMC market is expected to reach an estimated $3.2 billion by 2023 with a CAGR of 3.1% from 2018 to 2023 Key Industry Driver Driver: Increasing use of lightweight materials in transportation, and performance benefits, such as lower corrosion in construction and higher thermal resistance in E&E industries.. 2

3 Industry Overview Market Size The global SMC market is expected to reach an estimated $3.2 billion by 2023 with a CAGR of 3.1% from 2018 to 2023 Emerging trends which have a direct impact on the dynamics of the SMC industry include the increasing penetration of carbon fiber-based SMC, development of low density SMC, and introduction of Direct-SMC. Market Size (2023)$3.2 billion CAGR (2018-23)3.1% 3 Industry Performance : Forecast


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