Sheet Molding & Bulk Molding Compounds Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The market is segmented by Resin Type (Epoxy and Polyester), Fiber Type (Glass Fiber and Carbon Fiber), End-user Industry (Automotive & Transportation, Aerospace, Electrical & Electronics, Building & construction, Domestic Appliances, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East & Africa).

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Sheet Molding & Bulk Molding Compounds Market Size

sheet molding and bulk molding compounds market
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: > 6 %

Major Players

safety instrumented systems market

*Disclaimer: Major Players sorted in no particular order
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Sheet Molding & Bulk Molding Compounds Market Analysis

The global sheet molding & bulk molding compounds market is expected to grow at with a CAGR greater than 6% during the forecast period. One of the major factors driving the market is the growing demand from electrical & electronics industry. However, declining automotive industry is hindering the growth of the market studied. 

  • Asia-Pacific is likely to witness the highest growth rate during the forecast owing to the high demand from China.
  • North America accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
  • Among the application areas, electrical & electronics accounted for the highest market share and is expected to dominate the forecast period.

Sheet Molding & Bulk Molding Compounds Industry Segmentation

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

Resin Type
Epoxy
Polyester
Fiber Type
Glass Fiber
Carbon Fiber
End-user Industry
Automotive & Transportation
Aerospace
Electrical & Electronics
Building & Construction
Domestic appliances
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East & Africa
Saudi Arabia
South Africa
Rest of Middle-East & Africa

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Sheet Molding & Bulk Molding Compounds Market Trends

This section covers the major market trends shaping the Sheet Molding & Bulk Molding Compounds Market according to our research experts:

Electrical & Electronics Industry to Dominate the Market

  • SMC/BMC is used to manufacture various electrical & electronic products and home appliances. 
  • These products include air conditioners, televisions, refrigerators, coffee machines, toasters, irons, switch gears, and fuses, etc. 
  • Rising urbanisation and robust population growth is likely to propel the demand for such products over the forecast period.
  •  Additionally, rise in disposable income in the developing countries are another supporting factor for this growth. 
  • Furthermore, there have been investments made by the Chinese government in the country’s electronics sector, which, in turn, is expected to boost the demand for SMC/BMC from the sector during the forecast period.
  • Owing to the above-mentioned factors, the Electrical & Electronics industry bis likely to dominate the market during the forecast period.
safety instrumented system

Asia-Pacific to Witness the Highest Growth Rate

  • Asia-Pacific is expected to be the largest market for sheet molding & bulk molding compounds during the forecast period majorly due to the increasing electrical & electronics production in the region. 
  • China is expected to witness strong growth in the demand for sheet molding & bulk molding compounds, owing to the favorable government support to electrical & electronics industry to increase production. 
  • The growing electrical & electronics industry of India is also likely to boost the demand for sheet molding & bulk molding compounds in the region. 
  • Hence, owing to such factors, Asia-Pacific is likely to dominate the market during the forecast period. 
hima safety instrumented systems

Sheet Molding & Bulk Molding Compounds Industry Overview

The sheet molding & bulk molding compounds market is moderately fragmented as the market share is divided between many players. Key players in the market includeIDI Composites International, Menzolit, Continental Structural Plastics, Core Molding Technologies, and Showa Denko K.K., among others.

Sheet Molding & Bulk Molding Compounds Market Leaders

  1. IDI Composites International

  2. MENZOLIT

  3. Continental Structural Plastics

  4. Core Molding Technologies

  5. SHOWA DENKO K.K.

*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.

Sheet Molding & Bulk Molding Compounds Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand From the Electrical & Electronics Industry

      2. 4.1.2 Others

    2. 4.2 Restraints

      1. 4.2.1 Declining Automotive Industry

      2. 4.2.2 Others

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Resin Type

      1. 5.1.1 Epoxy

      2. 5.1.2 Polyester

    2. 5.2 Fiber Type

      1. 5.2.1 Glass Fiber

      2. 5.2.2 Carbon Fiber

    3. 5.3 End-user Industry

      1. 5.3.1 Automotive & Transportation

      2. 5.3.2 Aerospace

      3. 5.3.3 Electrical & Electronics

      4. 5.3.4 Building & Construction

      5. 5.3.5 Domestic appliances

      6. 5.3.6 Others

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 ASEAN Countries

        6. 5.4.1.6 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 France

        4. 5.4.3.4 Italy

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East & Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Polytec

      2. 6.4.2 Polynt

      3. 6.4.3 IDI Composites International

      4. 6.4.4 Menzolit

      5. 6.4.5 Continental Structural Plastics

      6. 6.4.6 Plastic Omnium

      7. 6.4.7 Core Molding Technologies

      8. 6.4.8 Koninklijke Ten Cate BV.

      9. 6.4.9 Showa Denko K.K.

      10. 6.4.10 Changzhou Runxia Fiberglass Products Co., Ltd

      11. 6.4.11 Astar S.A.

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Sheet Molding & Bulk Molding Compounds Market Research FAQs

The Sheet Molding & Bulk Molding Compounds Market is studied from 2018 - 2028.

The Sheet Molding & Bulk Molding Compounds Market is growing at a CAGR of >6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

North America holds highest share in 2021.

IDI Composites International, MENZOLIT, Continental Structural Plastics , Core Molding Technologies , SHOWA DENKO K.K. are the major companies operating in Sheet Molding & Bulk Molding Compounds Market.

Sheet Molding & Bulk Molding Compounds Industry Report

Statistics for the 2023 Sheet Molding & Bulk Molding Compounds market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sheet Molding & Bulk Molding Compounds analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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