DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the " Sheet Molding Compound and Bulk Molding Compound Market by Resin Type, Fiber Type, Application and Region - Global Forecasts to 2020" report to their offering.
It is projected that the global SMC and BMC market to grow from USD 2.36 Billion in 2015 to USD 3.26 Billion by 2020, at a compound annual growth rate (CAGR) of 6.69% during the same period.
The global SMC and BMC market witnessed a strong growth in the past few years considering the high demand for lightweight and superior mechanical properties materials, in the U.S., Germany, and developing countries such as the Middle East, Brazil, and China. The growing transportation and electrical & electronics industries in these countries are driving the Sheet Molding Compound Market & Bulk Molding Compound Market
Due to their excellent electrical insulation, good mechanical properties, and surface appearance, SMC and BMC materials are preferred over other traditional materials such as iron, aluminum, and steel regarding their usage in end-use industries. Depending upon the end use application SMC and BMC are formulated to achieve strength, stiffness, corrosion resistance, flame resistance, and high dimensional stability.
Asia-Pacific is the major market for glass fiber-based SMC and BMC due to low raw material cost in the region. The usage of carbon fiber is expected to increase in the European region due to increase in application of carbon fiber SMC and BMC in the aerospace industry. The increasing need of lightweight and fuel-efficient vehicles is driving the SMC and BMC market.
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 SMC and BMC Market, By Fiber Type
7 SMC and BMC Market, By Resin Type
8 SMC and BMC Market, By Application
9 SMC and BMC Market, By Region
10 Competitive Landscape
11 Company Profile
- Astar S.A.
- Changzhou Runxia Fiberglass Products Co., Ltd.
- Citadel Plastics Holdings Inc.
- Continental Structural Plastics Inc.
- Core Molding Technologies Inc.
- IDI Composites International
- Menzolit GmbH
- Polynt S.P.A
- Royal Tencate N.V.
Showa Denko K.K.
For more information visit http://www.researchandmarkets.com/research/4sh576/_sheet_molding