Rising interest for lightweight materials for the creation of parts is relied upon to support the market demand in the coming years. This is additionally substantiated by the interest for passenger and commercial vehicles which are wrapped by stringent emission directions. Moreover, developing electric vehicle deals can decidedly affect the market. The extending construction industry is relied upon to prompt interest for SMC in the prospective years inferable from high use of glass grids and carbon fiber in present day ventures. Utilization of economical materials is anticipated to look good for the SMC market over the time frame. The global sheet molding compound (SMC) market is estimated to exhibit a growth rate of 4.79% CAGR, on the basis of its value, during the forecast period 2018 to 2023.
The global Sheet Molding Compound (SMC) Market is currently divided on the basis of its type, application and regional demand. Based on its type, the market is classified into flame resistance, general purpose, corrosion resistance, electronic insulators, among others. On the basis of its application, the global sheet molding compound (SMC) market is bifurcated into automotive, building & construction, electrical & electronics, among others.
Geographically, the global Sheet Molding Compound (SMC) Market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Continental Structural Plastics Inc. (U.S.), Zoltek Corporation (U.S.), DIC Corporation (Japan), IDI Composites International (U.S.), Menzolit (Germany), Polynt (Italy), Changzhou Tianma Group Co., Ltd. (China), Core Molding Technologies (U.S.), Showa Denko K.K. (Japan), Devi Polymers Private Limited (India), Zhejiang Sida New Materials Co., Ltd. (China), Molymer SSP Co., Ltd. (Japan), among others are some of the major players in the global Sheet Molding Compound (SMC) Market.