Sheet Molding & Bulk Molding Compounds Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Sheet Molding & Bulk Molding Compounds Market Report is Segmented by Resin Type (Epoxy and Polyester), Fiber Type (Glass Fiber and Carbon Fiber), Manufacturing Process (Compression Molding, Transfer Molding, and More), End-User Industry (Automotive and Transportation, Electrical and Electronics, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Sheet Molding And Bulk Molding Compounds Market Size and Share

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Sheet Molding And Bulk Molding Compounds Market Analysis by Mordor Intelligence

The Sheet Molding & Bulk Molding Compounds Market size is estimated at USD 4.03 billion in 2025, and is expected to reach USD 5.42 billion by 2030, at a CAGR of 6.09% during the forecast period (2025-2030). Sustained demand for lightweight structural parts in electric vehicles, low scrap rates from compression molding, and improved resin chemistries keep capital flowing into new capacity. Cost reductions per part, especially in complex geometries that previously relied on multi-stage stamping, accelerate the replacement of metal stampings with compression-molded composites across automotive and electrical applications. Original equipment manufacturers now specify advanced sheet molding materials with Class-A finishes, allowing direct exterior use and eliminating secondary paint steps that once limited adoption. Asia-Pacific retains cost-leadership in high-flow, low-density sheet molding compounds, while European regulations on styrene emissions fast-track epoxy-based alternatives.

Key Report Takeaways

  • By resin type, polyester retained 55.19% of the sheet molding and bulk molding compounds market share in 2024; epoxy is projected to expand at a 6.92% CAGR through 2030.
  • By fiber type, glass fiber led with 80.22% share of the sheet molding and bulk molding compounds market size in 2024; carbon fiber exhibits the fastest 7.06% CAGR to 2030.
  • By manufacturing process, compression molding commanded 73.62% of 2024 revenue, while resin transfer molding is set to grow at 6.66% CAGR over 2025-2030.
  • By end-user industry, automotive and transportation held 42.74% share of the sheet molding and bulk molding compounds market size in 2024 and is advancing at a 7.14% CAGR.
  • By geography, Asia-Pacific captured 48.54% revenue in 2024 and is forecast to expand at a 6.45% CAGR to 2030.

Segment Analysis

By Resin Type: Polyester Dominance Faces Epoxy Challenge

Polyester resin accounted for 55.19% sheet molding and bulk molding compounds market share in 2024 thanks to low cost, broad supplier base, and cure kinetics tailored to legacy compression lines. The segment continues to profit from automotive demand for under-hood covers and structural interior brackets. At the same time epoxy grades post a 6.92% CAGR toward 2030, driven by reduced volatile organic compound content and elevated heat resistance that appeals to electric drivetrain designers. The Evonik-led program for glass-fiber-reinforced epoxy battery housings validated weight reductions approaching 10% while maintaining crush-force thresholds critical to vehicle homologation. As epoxy systems mature, hybrid lay-ups that blend polyester skins with epoxy cores may emerge to balance economics and strength.

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By Fiber Type: Glass Fiber Supremacy with Carbon Fiber Innovation

Glass fiber kept 80.22% of 2024 revenue due to favorable cost-to-performance and excellent dielectric strength for electrical parts. Continuous furnace expansions at major glass fiber producers stabilize supply, supporting high-volume automotive launches in Asia-Pacific and North America[2]CompositesWorld, “Glass Fiber-Reinforced Epoxy SMC for Battery Housings,” compositesworld.com . Carbon fiber sheet molding compounds, posting a 7.06% CAGR, gain momentum in aerospace secondary structures and premium sports cars where curb-weight targets override raw-material premiums. Process simulation tools mapping fiber orientation now shorten development cycles, delivering predictable mechanical performance and cutting scrap rates. Hybridized fiber mats that alternate glass and carbon layers help designers hit mid-tier cost targets without compromising stiffness.

By Manufacturing Process: Compression Molding Efficiency Drives Adoption

Compression molding produced 73.62% of 2024 parts by value, attributable to steady press improvements, rapid charge placement robotics, and tighter mold-temperature control. Integrated data logging permits real-time cure-profile optimization, driving overall equipment effectiveness beyond 85%. Resin transfer molding grows at 6.66% CAGR, propelled by interest in thicker structural sections such as truck roofs that benefit from adjustable resin injection fronts and embedded structural foams. The sheet molding and bulk molding compounds market size attached to resin transfer molding thus rises as manufacturers seek higher fiber volumes and premium surfacing.

By End-user Industry: Automotive Leadership Drives Market Evolution

Automotive and transportation held 42.74% share in 2024 and leads growth at 7.14% CAGR, reflecting accelerated electric-vehicle platform refresh cycles. Single-mold lift-gates, pickup boxes, and battery covers reduce weld points and improve corrosion resistance versus steel, attracting both legacy automakers and start-ups. Electrical and electronics follow, supported by miniaturization trends requiring thin-wall flame-retardant housings. Building and construction leverage SMC for corrosion-proof bridge decking and utility enclosures, while aerospace uses carbon-fiber grades for fairings and interior monuments where fire-smoke-toxicity compliance is mandatory.

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Note: Segment shares of all individual segments available upon report purchase

Geography Analysis

Asia-Pacific retains the cost advantage that underpins its 48.54% share in 2024. Intensifying domestic EV production, rising middle-class appliance consumption, and government incentives for composite part localization keep presses running near capacity. With estimated demand growth translating to a 6.45% regional CAGR, the sheet molding and bulk molding compounds market continues to shift toward Asian value chains. 

North America sits second in regional revenue. Early electric-pickup launches require large structural covers, and aerospace programs consume high-modulus carbon sheet molding compounds for secondary structures. Federal policy that funds onshore battery factories encourages new composite battery-box lines, lifting local compound consumption. 

Europe upholds strict environmental rules that spur adoption of low-styrene sheet molding systems and epoxy innovations. Automaker roadmaps that phase out internal combustion between 2030 and 2035 expand demand for lightweight composites. Meanwhile, robust chemical-industry infrastructure supports specialized resin additives that raise mechanical performance and prolong mold life.

Sheet Molding  And Bulk Molding Compounds Market CAGR (%), Growth Rate by Region
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Competitive Landscape

The sheet molding and bulk molding compounds market remains moderately fragmented. AOC, POLYNT SPA, and Core Molding Technologies leverage global production footprints and long-term Tier-1 contracts to anchor share. Regional challengers in China and India differentiate on price and logistics, serving localized demand with shorter lead times. Technology leadership, not capacity, defines competitive edge: AOC introduced low-styrene resin grades that meet EU worker-exposure limits, while Core Molding Technologies integrates sensor foils during molding to monitor in-service strain. 

Epoxy-based sheet molding compounds represent the fastest arena for differentiation. Patents surrounding toughening chemistries, cure-cycle reduction, and filler-matrix coupling dominate recent filings, signaling a pivot from cost-driven to performance-driven competition. Suppliers also collaborate with press builders to integrate closed-loop temperature control, cutting scrap and raising throughput. 

White-space exists in sustainable resin systems. Start-ups look to bio-based unsaturated polyester precursors and recyclable thermoset architectures to meet 2030 circular-economy targets. Strategic alliances between resin specialists, fiber producers, and Tier-1 molders will likely consolidate knowledge and hasten commercialization.

Sheet Molding And Bulk Molding Compounds Industry Leaders

  1. Continental Structural Plastics (Teijin)

  2. Polynt-Reichhold

  3. IDI Composites International

  4. Menzolit

  5. Polytec Group

  6. *Disclaimer: Major Players sorted in no particular order
Polytec,  Polynt, IDI Composites International,  Menzolit, Continental Structural Plastics, Plastic Omnium, Core Molding Technologies, Koninklijke Ten Cate BV., Showa Denko K.K.
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Recent Industry Developments

  • November 2024: IDI Composites International has unveiled its new global headquarters and state-of-the-art manufacturing facility in Noblesville, Indiana. Spanning 120,000 square feet, the facility is home to IDI's corporate offices, as well as manufacturing units for sheet molding compound (SMC) and bulk molding compound (BMC).
  • December 2023: In a bid to cater to the surging demand in the transportation and electrical and electronics sectors, National Manufacturing Group has forged a strategic alliance with Laval, a worldwide frontrunner in composite materials. This collaboration is set to bolster the production and distribution of both sheet molding and bulk molding compounds.

Table of Contents for Sheet Molding And Bulk Molding Compounds Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Light-weighting Push from Electric Vehicles and Hybrid Vehicle OEMs
    • 4.2.2 Rapid Capacity Additions in Electrical and Electronics Components Molding Hubs
    • 4.2.3 Cost-effective High-volume Compression Molding versus Metal Stamping
    • 4.2.4 High-flow, Low-density Sheet Molding Components (SMC) enabling Class-A body Panels
    • 4.2.5 Integration of In-mold Electronics (IME) for Smart Panels
  • 4.3 Market Restraints
    • 4.3.1 Styrene and Fiberglass Price Volatility
    • 4.3.2 Engineering Thermoplastics Replacing Sheet Molding Components (SMC) in Battery Boxes
    • 4.3.3 End-of-life Recycling Hurdles for Thermosets
  • 4.4 Value Chain Analysis
  • 4.5 Porter's Five Forces
    • 4.5.1 Bargaining Power of Suppliers
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Threat of Substitutes
    • 4.5.5 Degree of Competition

5. Market Size and Growth Forecasts (Value)

  • 5.1 By Resin Type
    • 5.1.1 Polyester
    • 5.1.2 Epoxy
  • 5.2 By Fiber Type
    • 5.2.1 Glass Fiber
    • 5.2.2 Carbon Fiber
  • 5.3 By Manufacturing Process
    • 5.3.1 Compression Molding
    • 5.3.2 Injection / Transfer Molding
    • 5.3.3 Resin Transfer Molding (RTM)
    • 5.3.4 Pultrusion
  • 5.4 By End-user Industry
    • 5.4.1 Automotive and Transportation
    • 5.4.2 Electrical and Electronics
    • 5.4.3 Building and Construction
    • 5.4.4 Aerospace
    • 5.4.5 Domestic Appliances
    • 5.4.6 Other End-user Industries (Energy, etc.)
  • 5.5 By Geography
    • 5.5.1 Asia-Pacific
    • 5.5.1.1 China
    • 5.5.1.2 Japan
    • 5.5.1.3 India
    • 5.5.1.4 South Korea
    • 5.5.1.5 ASEAN Countries
    • 5.5.1.6 Rest of Asia-Pacific
    • 5.5.2 North America
    • 5.5.2.1 United States
    • 5.5.2.2 Canada
    • 5.5.2.3 Mexico
    • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 France
    • 5.5.3.4 Italy
    • 5.5.3.5 Spain
    • 5.5.3.6 Russia
    • 5.5.3.7 NORDIC Countries
    • 5.5.3.8 Rest of Europe
    • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Rest of South America
    • 5.5.5 Middle-East and Africa
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.2 South Africa
    • 5.5.5.3 Rest of Middle-East and Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share(%)/Ranking Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 AOC
    • 6.4.2 Ashland Container Corporation
    • 6.4.3 Astar S.A.
    • 6.4.4 Continental Structural Plastics (Teijin)
    • 6.4.5 Core Molding Technologies
    • 6.4.6 CSP
    • 6.4.7 DIC Corporation
    • 6.4.8 IDI Composites International
    • 6.4.9 Kingfa Sci.&Tech. Co.,Ltd.
    • 6.4.10 LyondellBasell Industries Holdings B.V.
    • 6.4.11 Menzolit
    • 6.4.12 National Manufacturing Group
    • 6.4.13 OPmobility SE
    • 6.4.14 POLYNT SPA
    • 6.4.15 Polynt-Reichhold
    • 6.4.16 Polytec Group
    • 6.4.17 Polytec Masterbatch LLC
    • 6.4.18 TORAY INDUSTRIES, INC.

7. Market Opportunities and Future Outlook

  • 7.1 White-space and Unmet-Need Assessment
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Global Sheet Molding And Bulk Molding Compounds Market Report Scope

The global sheet molding & bulk molding compounds market report includes:

By Resin Type Polyester
Epoxy
By Fiber Type Glass Fiber
Carbon Fiber
By Manufacturing Process Compression Molding
Injection / Transfer Molding
Resin Transfer Molding (RTM)
Pultrusion
By End-user Industry Automotive and Transportation
Electrical and Electronics
Building and Construction
Aerospace
Domestic Appliances
Other End-user Industries (Energy, etc.)
By Geography Asia-Pacific China
Japan
India
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Russia
NORDIC Countries
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
By Resin Type
Polyester
Epoxy
By Fiber Type
Glass Fiber
Carbon Fiber
By Manufacturing Process
Compression Molding
Injection / Transfer Molding
Resin Transfer Molding (RTM)
Pultrusion
By End-user Industry
Automotive and Transportation
Electrical and Electronics
Building and Construction
Aerospace
Domestic Appliances
Other End-user Industries (Energy, etc.)
By Geography
Asia-Pacific China
Japan
India
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Russia
NORDIC Countries
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Key Questions Answered in the Report

What is the current Sheet Molding & Bulk Molding Compounds Market size?

The sheet molding and bulk molding compounds market size is USD 4.03 billion in 2025.

Which segment is growing fastest?

Epoxy-based sheet molding compounds record the highest 6.92% CAGR through 2030 on rising demand for low-emission, high-strength materials.

Why is Asia-Pacific the leading region?

Concentrated automotive and electronics manufacturing hubs, robust supply chains, and government support for composite technology give Asia-Pacific 48.54% market share.

How are electric vehicles influencing material choice?

Electric vehicle OEMs seek weight reduction and part consolidation, prompting wider adoption of lightweight sheet molding compounds for battery enclosures and exterior closures.

What limits broader use of thermoset SMC in battery packs?

Regulatory preference for recyclable materials and the rising competitiveness of injection-molded thermoplastic composites restrain thermoset uptake in certain battery enclosure applications.

Page last updated on: July 15, 2025

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