“Data Bridge Market
Research” has recently added a concise research on the Sheet Molding
Compound (SMC) Market to depict valuable insights related to significant market
trends driving the industry. The report features analysis based on key
opportunities and challenges confronted by market leaders while highlighting
their competitive setting and corporate strategies for the estimated timeline.
Some are the key & emerging players that are part of coverage and have
being profiled are Polytec Holding AG, IDI Composites
International, Polynt, TEIJIN LIMITED, Premix Inc., ISCOPE GmbH, MENZOLIT,
Huayuan Advanced Materials Co.Ltd, Core Molding Technologies
Global Sheet Molding Compound (SMC) Market is expected to rise from its initial
estimated value of USD 2.81 billion in 2018 to an estimated value of USD 3.55
billion by 2026, registering a CAGR of 2.95% in the forecast period of
2019-2026. This rise in market value can be attributed to the rising demand
from the applicable industries for bio-based materials and compounds.
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Segmentation: Global
Sheet Molding Compound (SMC) Market
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Global Sheet Molding Compound (SMC) Market, By
Fiber Type (Glass Fiber, Carbon Fiber)
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Resin Type (Polyester, Vinyl Ester, Others)
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Density (Low Density, Mid-High Density)
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Characteristics (Heat Resistant, Flame
Resistant, High Dielectric Strength, Corrosion, Others)
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Application (Transportation, Electrical &
Electronics, Construction, Others)
§
Geography (North America, South America, Europe,
Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026
Competitive Analysis:
Global Sheet Molding Compound (SMC) Market
Global sheet molding compound (SMC) market is highly
fragmented and the major players have used various strategies such as new
product launches, expansions, agreements, joint ventures, partnerships,
acquisitions, and others to increase their footprints in this market. The
report includes market shares of sheet molding compound (SMC) market for
global, Europe, North America, Asia Pacific, South America and Middle East
& Africa.
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Market Drivers:
§
Increased focus on lightweight materials due to
the focus on improving fuel efficiency for vehicles is expected to drive the
market growth
§
Growing demand for bio-based materials and
compounds is also expected to drive the market growth
Market Restraints:
§
High and fluctuating cost of raw materials as
compared to traditional materials is expected to restrain the market growth
§
Complications and issues of recycling with sheet
molding compounds (SMC) is also expected to restrain the market growth
Top Competitors of Market:
Few of the major competitors currently working in the sheet
molding compound (SMC) market are Polytec Holding AG, IDI Composites
International, Polynt, TEIJIN LIMITED, Premix Inc., ISCOPE GmbH, MENZOLIT,
Huayuan Advanced Materials Co.Ltd, Core Molding Technologies, Changzhou City
Jiangshi Composite Technology Co.Ltd., Koninklijke Ten Cate bv, SHOWA DENKO
K.K., China Composites Group Corporation Ltd., and ASTAR.
Key Insights in the
report:
§
Complete and distinct analysis of the market
drivers and restraints
§
Key Market players involved in this industry
§
Detailed analysis of the Market Segmentation
§
Competitive analysis of the key players involved
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