Sheet Molding Compound Market by Resin Type, Fiber Type, Application and Region - Global Forecasts to 2020

1. Sheet Molding Compound Market by Resin Type, Fiber Type, Application and Region - Global Forecasts to 2020 SMC is a mixture of inert fillers, resins, and fiber reinforcements. It is a fiber-reinforced polymer composite. It is often used in applications such as transportation, construction, among others, pertaining to its high strength to density ratio and corrosion resistance. The low cost of SMC makes it favorable over other traditional materials, for instance, iron and steel. BMC is also a mixture of inert fillers, fiber reinforcements, and resins. BMC is generally produced by the injection molding process, whereas SMC is mainly produced by the compression molding process. The SMC and BMC market is estimated 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% from 2015 to 2020. The major applications of SMC and BMC are transportation, electrical & electronics, construction, and others. Other applications include industrial, medical, household appliances, renewable energy, and so on. Transportation is estimated to be the fastest-growing application for SMC, whereas electrical & electronics to be the fastest-growing market for BMC during the forecast period. 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. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=186191200 Increasing demand for lightweight and superior mechanical properties of SMC and BMC will drive the market in transportation application The major factor driving the SMC and BMC market is the usage of these materials in the transportation application due to its lightweight and good mechanical properties. High demand for fuel-efficient vehicles is also acting as a crucial factor for the growth of the SMC and BMC market. These products offer superior properties including high corrosion resistance, high strength and rigidity, fire & flame resistance, and good electrical insulation. Transportation application: one of the key segments in the SMC and BMC market The transportation application will be the fastest-growing segment of the SMC market during the forecast period, whereas electrical & electronics application is expected to propel the growth of the BMC market. SMC finds various applications in the automotive industry, which includes deck-lids, front ends, spoilers, bonnets, and hoods. BMC is also used in automotive parts such as headlight liners, valve covers, and ignition parts. BMC possesses good electrical insulation properties, therefore it is majorly used in the electrical & electronics parts such as motor and anchor insulators, fuses, and switchgear. For More Info. Kindly Visit This Link: https://www.marketsandmarkets.com/Market-Reports/sheet-bulk-molding-compound-market- 186191200.html The major resins used for the manufacturing of sheet molding compound and bulk molding compound are polyester and other resins. The polyester-based SMC and BMC have the largest market share in the global SMC and BMC market. Polyester resins show good corrosion resistance, dimensional stability, and chemical resistance properties, which enhance the longevity of SMC and BMC materials. SMC and BMC composites based on polyester resin exhibit good fire and flame resistance properties, thus, they are being used in electrical & electronics application. Retention of electrical properties even at elevated temperatures has made polyester insulators the materials of choice in many applications. Polyester resins are generally reinforced with glass fibers to impart strength and stiffness to the composite materials. Polyester resin-based SMC and BMC are the fastest-growing resins in the SMC and BMC market. Other resins includes vinyl ester, epoxy, phenolic, and PEEK resins

2. Target Audience • • • • • SMC and BMC manufacturers Resin manufacturers Raw material suppliers Distributors & suppliers Industry associations By Fiber Type: • • Glass Fiber Carbon Fiber By Resin Type: • • Polyester Others By Application: • • • • Transportation Electrical & Electronics Construction Others About MarketsandMarkets MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : +1-888-600-6441 Email: newsletter@marketsandmarkets.com