Sheet Molding And Bulk Molding Compound Market

Date: 2016-05
Pages:164
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Sheet Molding Compound (SMC) is a compression molding compound and is often used for greater parts where higher automated strength is needed. On the contrary, bulks Molding Compounds (BMC) are used in firmness, transmission and injection molding techniques. The major factors driving the SMC and BMC market is the usage of materials in the transportation application due to its lightweight and good mechanical properties. High demand for fuel-efficient vehicles is also acting as a crucial factor for the growth of the SMC and BMC market. These products offer superior properties including high corrosion resistance, high strength and rigidity, fire & flame resistance, and good electrical insulation.

Sheet molding and bulk molding compounds are critical components for the advancing process industry. Since past decade, the market has experienced a rapid upsurge in terms of technological advancements, increasing automation, and integrating the entire value chain of the process industry. Rising urbanization, increasing awareness regarding the flow control has catalyzed the growth of Sheet molding and bulk molding compounds market.

Owing to benefits such as lightweight materials, lower price sheet molding and bulk molding compounds are being used across industry verticals. However transportation, automotive, electrical and energy are key end use industries of the global sheet molding and bulk molding compounds market. The global sheet molding and bulk molding compounds market was $XX billion in 2015 growing at a CAGR of XX% and is forecast to reach $XX billion by 2021. Transportations, automotive, electrical and energy are the major end-users for sheet molding and bulk molding compounds market.

Asia-Pacific is the leading market for Sheet molding and bulk molding compound with China being the front runner. APAC region is forecast to have highest growth in the next few years due to growing adoption of sheet molding and bulk molding compounds in industrial applications. Asia sheet molding and bulk molding compound market accounts to XX% of the global market in terms of revenue followed by Americas.

In technologically advanced environment there is tremendous need in transporting facilities. The governments of various countries like the U.K, South Africa, Japan, America and others are taking initiatives to increase the transportation techniques.

Some of the companies involved in manufacturing sheet molding and bulk molding compounds include:
IDI Composites International (The U.S)
Koninklijke Ten Cate NV (The Netherlands)
Plastics Engineering Company (The U.S)
Continental Structural Plastics (U.S.) to name among a few others.

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