Market Research Blog

 The Sheet Molding Compound (SMC) Market is experiencing significant growth and is poised to continue expanding in the coming years. SMC is a composite material that consists of a thermosetting resin matrix, typically polyester or vinylester, reinforced with glass fibers and various fillers. It is widely used in the automotive, aerospace, electrical, and construction industries due to its excellent mechanical properties, high strength-to-weight ratio, and superior surface finish. One of the key drivers of the SMC market is the growing demand for lightweight materials in various industries. SMC offers a lightweight alternative to traditional materials such as steel and aluminum Pigments , enabling manufacturers to achieve weight reduction in their products without compromising on strength and durability. This is particularly crucial in the automotive industry, where the emphasis on fuel efficiency and reducing emissions has led to increased adoption of lightweight materials like ...

  Sheet molding compounds (SMC) or sheet material compounds are malleable sheet materials produced from compression or injection molding. Properties of electrical insulation, surface appearance, and superior mechanical properties will fuel the demand for this process. The global sheet molding compound market report by Market Research Future (MRFR) contains an in-depth analysis of the industry as well as highlights drivers, trends, and opportunities for the period 2021 to 2030 (forecast period). Market Scope The global sheet molding compound market size can reach a value of USD 2,042.4 million by 2030. It is predicted to display a CAGR of 4.79% over the forecast period. It can find massive demand and growth owing to its utilization for the production of industrial parts in various end-use industries. Production of composite materials is predicted to work in favor of the market. Emission regulations for the automotive industry which have led to the manufacture of lightweight compon...

 Sheet molding compounds (SMC) or sheet material compounds are malleable sheet materials produced from compression or injection molding. Properties of electrical insulation, surface appearance, and superior mechanical properties will fuel the demand for this process. The global sheet molding compound market report by Market Research Future (MRFR) contains an in-depth analysis of the industry as well as highlights drivers, trends, and opportunities for the period 2021 to 2030 (forecast period). Market Scope The global sheet molding compound market size can reach a value of USD 2,042.4 million by 2030. It is predicted to display a CAGR of 4.79% over the forecast period. It can find massive demand and growth owing to its utilization for the production of industrial parts in various end-use industries. Production of composite materials is predicted to work in favor of the market. Emission regulations for the automotive industry which have led to the manufacture of lightweight compone...