Trends, opportunities and forecast in this market to 2021 by end use industry end use industry (transportation, electrical and electronics, construction, and others), fiber (glass and carbon), resin (polyester and vinyl ester and others), and region and region (North America, Europe, Asia Pacific, and the Rest of the World)
According to a new market report published by Lucintel, the future of the global SMC market looks good with opportunities in transportation, electrical & electronics, and construction industries. The global SMC market is expected to reach an estimated $3.2 billion by 2021 and it is forecast to grow at a CAGR of 4.3% from 2016 to 2021.
The major drivers for market growth are growing end-use industries and increasing demand for lightweight materials.
This report has 109 figures/charts and 35 tables spread through 139 pages.
In this market, transportation, electrical & electronics, and construction are the major end use industries. On the basis of comprehensive research, Lucintel forecasts that the transportation and construction segments are expected to show above average growth during the forecast period.
Within the global SMC market, the transportation segment is expected to remain the largest segment by value and by volume. Expected growth in automotive production and increased focus on lightweight materials by automotive OEMs are the major driving forces that will drive the growth over the forecast period.
Pickup truck boxes, deck lid, fender, hood, and bumpers are some of the major applications of SMC in the transportation industry.
Download PDF Brochure at www.lucintel.com/rb/sheet_molding_…_market_2016.aspx
By fiber type, glass fiber SMC is expected to remain the largest segment by both value and volume over the forecast period. By resin type, polyester based SMC is expected to remain the largest segment by both value and volume.
The Asia Pacific is expected to remain the largest region and expected to witness highest growth rate during the forecast period due to growing demand from transportation and other end use industries.
For business expansion, Lucintel’s report suggests innovation and new product development to achieve lower density SMC materials, improved impact resistance, and higher surface quality.
Emerging trends which have a direct impact on the dynamics of the industry include the increasing penetration of carbon fiber-based SMC, increasing focus of major player towards low density SMC, and introduction of direct-SMC. Polytec, Polynt, IDI Composites International, Menzolit, Continental Structural Plastics, Plastic Omnium, and Core Molding Technologies are among the major suppliers of SMC.
The study includes a forecast for the growth opportunities in the global SMC market by end use industry, fiber, resin, and region as follows:
By end use Industry [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:
- Electrical & Electronics
By fiber [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:
- Glass Fiber
- Carbon Fiber
By resin [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:
- Vinylester and Others
By region [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:
- North America
Category: Market Research Publishers and RetailersCompany about: Lucintel, the premier global market research and management consulting firm creates your equation for growth - whether you need to understand market dynamics, identify new opportunities or increase your profitability. Lucintel team of trusted industry experts for materials and manufacturing industries have executed over hundreds of consulting projects for clients, ranging from small, emerging organizations up to multinational companies such as 3M, Audi, BASF, Cytec, DSM, Eastman, GE, H ...
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