Stratview Research has recently published a report on Sheet and Bulk Molding Compound Market segmented by Fiber Type (Glass Fiber, Carbon Fiber), by Resin Type (Polyester, Others), by Application Type (Transportation, Electrical & Electronics, Construction, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World). The objective of the market experts at Stratview Research is to conduct a thorough analysis of the ‘Sheet and Bulk Molding Compound Market’ and put a detailed knowledge about the industry and business attractiveness, revenue, market size, segmentation, growth and restraining factors so that the user gets in depth information about the industry and the business from a past, current and a future perspective and can potentially invest capital for further growth.
Additionally, the report covers a variety of established and emerging start-ups and organisations operating in the industry. As a result, the report provides a comparative analysis by presenting the user with various aspects of the markets discussed in the report.
Covid-19 Analysis –
Nationwide lockdowns have impacted, and halted productions, supply of raw materials sourcing disruption has affected the balance in the supply of finished products. This report aims to cover all the aspects of how the pandemic has affected the business in the Sheet and Bulk Molding Compound Market and how has the subsequent lockdowns inflamed the industry scenario and what are the areas that needs urgent action and re-planning.
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The report encompasses in-depth segmentations like regional segmentation, segmentation by product types, application-wise segmentation, geographical segmentation and thereby gives the user an overview of the effectiveness of the segmentation by various classes.
Based on the resin type, the market is segmented as polyester and others. The polyester segment is estimated to account for a larger share of the market in the coming five years. Further, polyester resins are expected to be the faster-growing segment during the forecast period. The growth is attributed to their unique properties, such as excellent dimensional stability, corrosion resistance, and chemical confrontation properties, which augment the durability of SMC and BMC materials. SMC and BMC composites based on polyester resin display superb fire- and flame-resistant characteristics, hence, they are being employed in electrical & electronics application.
Based on the application type, the market is segmented as transportation, electrical & electronics, construction, and others. The transportation application segment is estimated to be the fastest-growing segment during the forecast period for SMC, while the electrical & electronics segment is expected to be the fastest-growing segment in the coming five years for BMC. The growth is attributed to their exceptional properties, such as remarkable electrical insulation, surface appearance, along with outstanding mechanical properties, which make them the preferred choice over conventional materials in various end-use industries.
In terms of regions, presently, Asia-Pacific is the largest consumer of SMC and BMC respectively. China, Germany, and Brazil are the growth engines of the region. The Asia-Pacific region is estimated to depict the highest growth during the forecast period. The market in the Middle East within the RoW region is anticipated to burgeon with the highest growth in the coming five years. The market is driven by the development of transportation and electrical & electronics sectors, which has led to the high demand for SMC and BMC in the region. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.
Sheet and bulk molding compound market is likely to witness an impressive CAGR of 8.2% during the forecast period. The global SMC and BMC market registered significant growth in the earlier few years, bearing high claim for lightweight and remarkable mechanical properties material, in the U.S., Germany, and emerging economies, such as Brazil, the Middle East, and China. The burgeoning transportation and electrical & electronics sectors in these countries are driving the growth of the sheet and bulk molding compound market globally.
Key Players in the Sheet and Bulk Molding Compound MarketAstar S.A., Citadel Plastics Holdings Inc., Core Molding Technologies Inc., Continental Structural Plastics Inc.
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