Market Size of Sheet Molding & Bulk Molding Compounds Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*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.
