Sheet Molding Compound and Bulk Molding Compound Market

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MarketsandMarkets Presents

 "Sheet Molding Compound and Bulk Molding
Compound Market by Resin Type (Polyester and
Others), Fiber Type (Glass Fiber and Carbon
Fiber), Application (Transportation, Electrical
Electronics, Construction and Others) and Region
- Global Forecasts to 2020"

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The report "Sheet Molding Compound and Bulk
Molding Compound Market by Resin Type (Polyester
and Others), Fiber Type (Glass Fiber and Carbon
Fiber), Application (Transportation, Electrical
Electronics, Construction and Others) and Region
- Global Forecasts to 2020", The global SMC and
BMC market is projected 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. SMC and BMC materials are
used in large volumes due to its superior
features as compared to other traditional
materials made from iron and steel. The increase
in the demand for light and superior mechanical
properties of SMC and BMC coupled with high
demand for fuel-efficient vehicles is the factor
driving the global market.

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• Browse 71 market data Tables and 41 Figures
  spread through 102 Pages and in-depth TOC
  on "Sheet Molding Compound and Bulk Molding
  Compound Market by Resin Type (Polyester and
  Others), Fiber Type (Glass Fiber and Carbon
  Fiber), Application (Transportation, Electrical
  Electronics, Construction and Others) and Region
  - Global Forecasts to 2020"
• http//www.marketsandmarkets.com/Market-Reports/s
  heet-bulk-molding-compound-market-186191200.html
• Early buyers will receive 10 customization on
  reports.
• Download PDF Brochure http//www.marketsandmarke
  ts.com/pdfdownload.asp?id186191200

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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
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.

• Asia-Pacific is the largest market for SMC and
  BMC
• China contributes a major market share in the
  Asia-Pacific region, whereas the U.S. constitutes
  the major market of the North American region.
  High growth in China is attributing to the large
  presence of automobile and electrical
  manufacturer in the country due to low raw
  material prices. Increasing urbanization and
  growth in the transportation industry are some of
  the factors that are expected to propel the
  growth of the SMC and BMC market in this region.
• The major players in the SMC and BMC market
  include
• IDI Composite International (U.S.)
• Citadel Plastics Holding Inc. (U.S.)
• Continental Structural Plastics (U.S.)
• Core Molding Technologies Inc. (U.S.)
• Menzolit GmbH (Germany)
• Showa Denko K.K. (Japan)
• MarketsandMarkets broadly segments the SMC and
  BMC market on the basis of fiber type, resin
  type, and application. The study covers more than
  seven countries for the four main regions namely,
  North America, Europe, Asia-Pacific, and RoW.
• Speak to Analyst http//www.marketsandmarkets.com
  /speaktoanalyst.asp?id186191200

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