““Increasing demand for lightweight, high strength, and fire & temperature resistance materials to propel the growth of SMC and BMC market”
The growth of SMC and BMC is largely associated with the increasing demand for lightweight and strong composite materials, which are used in various end-use industries such as transportation, electrical & electronics, construction, and among others. Lightweight and good mechanical properties are a pre-requisite for the parts that are to be used in the transportation sector. Weight is an important factor for the performance of a vehicle. A slight reduction in weight can have a major effect on the performance of a vehicle, which offers scope regarding the usage of SMC and BMC materials in the transportation industry. Due to their excellent electrical insulation, good mechanical properties, and surface appearance, SMC and BMC materials are preferred over other traditional materials such as iron, aluminum, and steel regarding their usage in end-use industries.
“Transportation and electrical & electronics application to drive the SMC and BMC market during the forecast period”
Composites are becoming a core strategic material for automotive OEMs for structural and non-structural components. The transportation application is expected to contribute the largest market share during the forecast period. SMC and BMC possess properties such as high strength, dimensional stability, and corrosion resistance, which make them an ideal material to be used in trucks and automotive exterior and interior parts. Moreover, the BMC market in electrical & electronics application is estimated to witness growth in the coming five years. This is due to the increasing usage of BMC materials because of properties exhibited by them such as fire & flame resistance, dimensional stability, and so on.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted as follows:-
• By Company Type: Tier 1 (50%), Tier 2 (37%), and Tier 3 (13%)
• By Designation: C-level (46%), Director Level (33%), and other (21%)
• By Region: North America (34%), Europe (31%), Asia-Pacific (23%), and RoW (12%)
Various key players profiled in the report are as follows:
1. IDI Composite International (U.S.),
2. Citadel Plastics Holding Inc. (U.S.),
3. Menzolit GmbH (Germany),
4. Polynt S.p.A. (Italy),
5. Core Molding Technologies Inc. (Italy) ,
6. Continental Structural Plastics Inc. (Michigan),
7. Royal Tencate N.V. (Netherlands),
8. Showa Denko K.K. (Japan),
9. Changzhou Runxia Fiberglass Products Co., Ltd. (China), and
10. Astar S.A. (Spain).
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the SMC and BMC market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across different verticals and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to better understand the competitor and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.
”
“TABLE OF CONTENTS
1 INTRODUCTION 11
1.1 OBJECTIVES OF THE STUDY 11
1.2 MARKET DEFINITION 11
1.3 MARKET SCOPE 12
1.3.1 MARKETS COVERED 12
1.3.2 YEARS CONSIDERED FOR THE STUDY 12
1.4 CURRENCY 12
1.5 PACKAGE SIZE 13
1.6 STAKEHOLDERS 13
1.7 LIMITATIONS 13
2 RESEARCH METHODOLOGY 14
2.1 RESEARCH DATA 14
2.1.1 SECONDARY DATA 15
2.1.1.1 Key data from secondary sources 15
2.1.2 PRIMARY DATA 16
2.1.2.1 Key data from primary sources 16
2.1.2.2 Key industry insights 16
2.1.2.3 Breakdown of primary interviews 17
2.2 MARKET SIZE ESTIMATION 17
2.2.1 BOTTOM-UP APPROACH 17
2.2.2 TOP-DOWN APPROACH 18
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 19
2.4 RESEARCH ASSUMPTIONS 19
3 EXECUTIVE SUMMARY 20
4 PREMIUM INSIGHTS 24
4.1 SMC AND BMC MARKET SIZE, 2015 VS. 2020 24
4.2 SMC MARKET SIZE, BY APPLICATION, 2015-2020 24
4.3 BMC MARKET SIZE, BY APPLICATION, 2015-2020 25
4.4 SMC MARKET, BY REGION AND BY APPLICATION, 2014 25
4.5 BMC MARKET SIZE BY REGION AND BY APPLICATION, 2014 26
4.6 SMC AND BMC MARKET SHARE, BY COUNTRY, 2014 26
4.7 LIFE CYCLE ANALYSIS, BY REGION 27
5 MARKET OVERVIEW 28
5.1 INTRODUCTION 29
5.2 MARKET DYNAMICS 30
5.2.1 DRIVERS 30
5.2.1.1 Increasing demand for light weight and fuel efficient vehicles 30
5.2.2 RESTRAINTS 31
5.2.2.1 High cost of raw materials in comparison with traditional materials 31
5.2.2.2 Issue related to recyclability of SMC and BMC 31
5.2.3 OPPORTUNITIES 32
5.2.3.1 Increasing need for bio-based materials 32
5.2.3.2 Increasing usage of SMC and BMC in the transportation industry 32
5.3 PORTER’S FIVE FORCES ANALYSIS 33
5.3.1 THREAT OF NEW ENTRANTS 33
5.3.2 THREAT OF SUBSTITUTES 34
5.3.3 BARGAINING POWER OF SUPPLIERS 34
5.3.4 INTENSITY OF COMPETITIVE RIVALRY 34
5.3.5 BARGAINING POWER OF BUYERS 35
6 SMC AND BMC MARKET, BY FIBER TYPE 36
6.1 INTRODUCTION 37
6.2 GLASS FIBER 38
6.3 CARBON FIBER 39
7 SMC AND BMC MARKET, BY RESIN TYPE 41
7.1 INTRODUCTION 42
7.2 POLYESTER 43
7.3 OTHERS 44
8 SMC AND BMC MARKET, BY APPLICATION 46
8.1 INTRODUCTION 47
8.2 TRANSPORTATION 49
8.3 ELECTRICAL & ELECTRONICS 51
8.4 CONSTRUCTION 53
8.5 OTHER APPLICATIONS 54
9 SMC AND BMC MARKET, BY REGION 57
9.1 INTRODUCTION 58
9.2 ASIA-PACIFIC 60
9.3 NORTH AMERICA 63
9.4 EUROPE 66
9.5 ROW 69
10 COMPETITIVE LANDSCAPE 72
10.1 OVERVIEW 72
10.2 NEW PRODUCT DEVELOPMENTS/LAUNCHES: THE MOST POPULAR GROWTH STRATEGIES 73
10.3 MAXIMUM DEVELOPMENTS IN 2014 74
10.4 KEY GROWTH STRATEGIES 74
10.4.1 EXPANSION 74
10.4.2 MERGERS & ACQUISITIONS 75
10.4.3 NEW PRODUCT LAUNCHES 75
10.4.4 PARTNERSHIP, JOINT VENTURES & AGREEMENTS 76
11 COMPANY PROFILE 78
(Overview, Financials, Products & Services, Strategy, and Developments)*
11.1 IDI COMPOSITES INTERNATIONAL 79
11.2 CITADEL PLASTICS HOLDINGS INC. 81
11.3 MENZOLIT GMBH 83
11.4 POLYNT S.P.A 85
11.5 CORE MOLDING TECHNOLOGIES INC. 87
11.6 CONTINENTAL STRUCTURAL PLASTICS INC. 90
11.7 ROYAL TENCATE N.V. 92
11.8 SHOWA DENKO K.K. 94
11.9 CHANGZHOU RUNXIA FIBERGLASS PRODUCTS CO., LTD. 96
11.10 ASTAR S.A. 97
*Details on overview, financials, product & services, strategy, and developments might not be captured in case of unlisted companies.
12 APPENDIX 98
12.1 INSIGHTS FROM INDUSTRY EXPERTS 98
12.2 DISCUSSION GUIDE 99
12.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 101
12.4 AVAILABLE CUSTOMIZATIONS 101
12.5 RELATED REPORTS 102
“
“LIST OF TABLES
TABLE 1 SMC AND BMC MARKET SIZE, BY VALUE (USD MILLION), 2013-2020 21
TABLE 2 SMC AND BMC MARKET SIZE, BY VOLUME (KILOTONS) 2013-2020 21
TABLE 3 SMC AND BMC MARKET, BY FIBER TYPE 29
TABLE 4 SMC AND BMC MARKET, BY RESIN TYPE 29
TABLE 5 SMC MARKET, BY APPLICATION 29
TABLE 6 BMC MARKET, BY APPLICATION 30
TABLE 7 SMC AND BMC MARKET SIZE, BY FIBER TYPE,2013-2020 (KILOTON) 37
TABLE 8 SMC AND BMC MARKET SIZE, BY FIBER TYPE, 2013-2020 (USD MILLION) 37
TABLE 9 GLASS FIBER SMC AND BMC MARKET SIZE, BY REGION, 2013-2020 (KILOTON) 38
TABLE 10 GLASS FIBER SMC AND BMC MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 39
TABLE 11 CARBON FIBER SMC AND BMC MARKET SIZE, BY REGION, 2013-2020 (KILOTON) 39
TABLE 12 CARBON FIBER SMC AND BMC MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 40
TABLE 13 SMC AND BMC MARKET SIZE, BY RESIN TYPE, 2013-2020 (KILOTON) 42
TABLE 14 SMC AND BMC MARKET SIZE, BY RESIN TYPE, 2013-2020 (USD MILLION) 42
TABLE 15 POLYESTER RESIN BASED SMC AND BMC MARKET SIZE, BY REGION,
2013-2020 (KILOTON) 43
TABLE 16 POLYESTER RESIN BASED SMC AND BMC MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 44
TABLE 17 OTHER RESIN-BASED SMC AND BMC MARKET SIZE, BY REGION,
2013-2020 (KILOTON) 45
TABLE 18 OTHER RESIN-BASED SMC AND BMC MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 45
TABLE 19 SMC MARKET SIZE, BY APPLICATION, 2013-2020 (KILOTON) 47
TABLE 20 SMC MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 47
TABLE 21 BMC MARKET SIZE, BY APPLICATION, 2013-2020 (KILOTON) 48
TABLE 22 BMC MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 48
TABLE 23 SMC MARKET, BY APPLICATION DESCRIPTION 49
TABLE 24 BMC MARKET, BY APPLICATION DESCRIPTION 49
TABLE 25 SMC MARKET IN TRANSPORTATION APPLICATION, BY REGION,
2013-2020 (KILOTON) 49
TABLE 26 SMC MARKET IN TRANSPORTATION APPLICATION, BY REGION,
2013-2020 (USD MILLION) 50
TABLE 27 BMC MARKET IN TRANSPORTATION APPLICATION, BY REGION,
2013-2020 (KILOTON) 50
TABLE 28 BMC MARKET IN TRANSPORTATION APPLICATION, BY REGION,
2013-2020 (USD MILLION) 51
TABLE 29 SMC MARKET IN ELECTRICAL & ELECTRONICS APPLICATION, BY REGION,
2013-2020 (KILOTON) 51
TABLE 30 SMC MARKET IN ELECTRICAL & ELECTRONICS APPLICATION, BY REGION,
2013-2020 (USD MILLION) 52
TABLE 31 BMC MARKET IN ELECTRICAL & ELECTRONICS APPLICATION, BY REGION,
2013-2020 (KILOTON) 52
TABLE 32 BMC MARKET IN ELECTRICAL & ELECTRONICS APPLICATION, BY REGION,
2013-2020 (USD MILLION) 52
TABLE 33 SMC MARKET IN CONSTRUCTION APPLICATION, BY REGION, 2013-2020 (KILOTON) 53
TABLE 34 SMC MARKET IN CONSTRUCTION APPLICATION, BY REGION,
2013-2020 (USD MILLION ) 54
TABLE 35 SMC MARKET IN OTHER APPLICATIONS, BY REGION, 2013-2020 (KILOTON) 54
TABLE 36 SMC MARKET IN OTHER APPLICATIONS, BY REGION, 2013-2020 (USD MILLION) 55
TABLE 37 BMC MARKET IN OTHER APPLICATIONS, BY REGION, 2013-2020 (KILOTON) 55
TABLE 38 BMC MARKET IN OTHER APPLICATIONS, BY REGION, 2013-2020 (USD MILLION) 56
TABLE 39 SMC AND BMC MARKET SIZE, BY REGION, 2013-2020 (KILOTON) 58
TABLE 40 SMC AND BMC MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 59
TABLE 41 SMC MARKET SIZE, BY REGION, 2013-2020 (KILOTON) 59
TABLE 42 SMC MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 59
TABLE 43 BMC MARKET SIZE, BY REGION, 2013-2020 (KILOTON) 60
TABLE 44 BMC MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 60
TABLE 45 ASIA-PACIFIC: SMC AND BMC MARKET SIZE, BY COUNTRY, 2013-2020 (KILOTON) 61
TABLE 46 ASIA-PACIFIC: SMC AND BMC MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION ) 62
TABLE 47 ASIA-PACIFIC: SMC MARKET SIZE, BY APPLICATION, 2013-2020 (KILOTON) 62
TABLE 48 ASIA-PACIFIC: SMC MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 62
TABLE 49 ASIA-PACIFIC: BMC MARKET SIZE, BY APPLICATION, 2013-2020 (KILOTON) 63
TABLE 50 ASIA-PACIFIC: BMC MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 63
TABLE 51 NORTH AMERICA: SMC AND BMC MARKET SIZE, BY COUNTRY,
2013-2020 (KILOTON) 64
TABLE 52 NORTH AMERICA: SMC AND BMC MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 65
TABLE 53 NORTH AMERICA: SMC MARKET SIZE, BY APPLICATION, 2013-2020 (KILOTON) 65
TABLE 54 NORTH AMERICA: SMC MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 65
TABLE 55 NORTH AMERICA: BMC MARKET SIZE, BY APPLICATION, 2013-2020 (KILOTON) 66
TABLE 56 NORTH AMERICA: BMC MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 66
TABLE 57 EUROPE: SMC AND BMC MARKET SIZE, BY COUNTRY, 2013-2020 (KILOTON) 66
TABLE 58 EUROPE: SMC AND BMC MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION) 67
TABLE 59 EUROPE: SMC MARKET SIZE, BY APPLICATION, 2013-2020 (KILOTON) 67
TABLE 60 EUROPE: SMC MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 68
TABLE 61 EUROPE: BMC MARKET SIZE, BY APPLICATION, 2013-2020 (KILOTON) 68
TABLE 62 EUROPE: BMC MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 69
TABLE 63 ROW: SMC AND BMC MARKET SIZE, BY COUNTRY, 2013-2020 (KILOTON) 69
TABLE 64 ROW: SMC AND BMC MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION) 69
TABLE 65 ROW: SMC MARKET SIZE, BY APPLICATION, 2013-2020 (KILOTON) 70
TABLE 66 ROW: SMC MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 70
TABLE 67 ROW: BMC MARKET SIZE, BY APPLICATION, 2013-2020 (KILOTON) 70
TABLE 68 ROW: BMC MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 71
TABLE 69 EXPANSION, 2010-2015 74
TABLE 70 NEW PRODUCT LAUNCHES, 2010-2015 75
TABLE 71 PARTNERSHIP, CONTRACTS, AGREEMENTS & PARTNERSHIPS, 2010-2015 76
“
“LIST OF FIGURES
FIGURE 1 SMC AND BMC MARKET SEGMENTATION 12
FIGURE 2 SMC AND BMC MARKET: RESEARCH DESIGN 14
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 17
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 18
FIGURE 5 SMC AND BMC MARKET SNAPSHOT, BY APPLICATION (2015 VS. 2020) 21
FIGURE 6 SMC AND BMC MARKET RANKING, BY COUNTRY, 2014 22
FIGURE 7 SMC AND BMC MARKET SHARE, BY GEOGRAPHY, 2014 22
FIGURE 8 ATTRACTIVE MARKET OPPORTUNITIES IN SMC AND BMC MARKET, 2015–2020 24
FIGURE 9 TRANSPORTATION TO BE THE MAJOR APPLICATION MARKET FOR SMC BETWEEN 2015 AND 2020 24
FIGURE 10 ELECTRICAL & ELECTRONICS TO BE THE MAJOR APPLICATION MARKET FOR BMC BETWEEN 2015 AND 2020 25
FIGURE 11 ASIA-PACIFIC DOMINATED THE SMC MARKET BY APPLICATION 25
FIGURE 12 ASIA-PACIFIC DOMINATED THE BMC MARKET, BY APPLICATION 26
FIGURE 13 U.S. AND CHINA COMMAND MAJOR SHARE OF THE SMC AND BMC MARKET 26
FIGURE 14 ASIA-PACIFIC TO EXPERIENCE EXPONENTIAL GROWTH 27
FIGURE 15 LIGHTWEIGHT AND SUPERIOR MECHANICAL PROPERTIES ARE EXPECTED TO DRIVE THE SMC AND BMC MARKET 30
FIGURE 16 PORTER’S FIVE FORCES: INTENSITY OF RIVALRY IS HIGH DUE TO PRESENCE OF LARGE NUMBER OF PLAYERS 33
FIGURE 17 GLASS FIBER DOMINATES THE SMC AND BMC MARKET, 2015 VS. 2020 38
FIGURE 18 EUROPE LEADS THE CARBON FIBER MARKET, 2015 VS. 2020 40
FIGURE 19 POLYESTER RESIN IS EXPECTED TO DOMINATE THE SMC AND BMC MARKET,
2015 VS. 2020 43
FIGURE 20 POLYESTER-BASED SMC AND BMC IN ASIA-PACIFIC EXPECTED TO GROW AT A HIGHER RATE 44
FIGURE 21 TRANSPORTATION TO BE THE LARGEST APPLICATION SEGMENT OF SMC TILL 2020 48
FIGURE 22 SMC TRANSPORTATION APPLICATION TO BE LEAD BY ASIA-PACIFIC 50
FIGURE 23 ASIA-PACIFIC IS EXPECTED TO DOMINATE THE BMC MARKET IN ELECTRICAL & ELECTRONICS APPLICATIONS, 2015 VS. 2020 53
FIGURE 24 RISING INDUSTRIAL ACTIVITIES ARE INCREASING THE DEMAND FOR SMC IN ASIA-PACIFIC 55
FIGURE 25 SMC AND BMC REGIONAL MARKET SNAPSHOT–RAPIDLY GROWING MARKETS ARE EMERGING AS NEW HOTSPOTS (2015-2020) 58
FIGURE 26 ASIA-PACIFIC SMC AND BMC MARKET SNAPSHOT- CHINA IS THE MOST LUCRATIVE MARKET 61
FIGURE 27 NORTH AMERICA SMC AND BMC MARKET SNAPSHOT – U.S. IS THE KEY MARKET 64
FIGURE 28 OTHER APPLICATIONS EXPECTED TO BE THE FASTEST-GROWING MARKET FOR SMC IN EUROPE (2015-2020) 68
FIGURE 29 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENTS/LAUNCHES AS THE KEY GROWTH STRATEGY (2010-2015) 72
FIGURE 30 MAJOR GROWTH STRATEGIES IN THE SMC AND BMC MARKET, 2010-2015 73
FIGURE 31 DEVELOPMENTS IN SMC AND BMC MARKET, 2010–2015 74
FIGURE 32 IDI COMPOSITES INTERNATIONAL: SWOT ANALYSIS 80
FIGURE 33 CITADEL PLASTICS HOLDINGS INC.: COMPANY SNAPSHOT 81
FIGURE 34 CITADEL PLASTICS HOLDING INC. : SWOT ANALYSIS 82
FIGURE 35 MENZOLIT GMBH: SWOT ANALYSIS 84
FIGURE 36 POLYNT S.P.A.: COMPANY SNAPSHOT 85
FIGURE 37 POLYNT S.P.A. : SWOT ANALYSIS 86
FIGURE 38 CORE MOLDING TECHNOLOGIES INC.: COMPANY SNAPSHOT 87
FIGURE 39 CORE MOLDING TECHNOLOGIES INC.: SWOT ANALYSIS 88
FIGURE 40 ROYAL TENCATE N.V.: COMPANY SNAPSHOT 92
FIGURE 41 SHOWA DENKO K.K.: COMPANY SNAPSHOT 94
“
