By the end of 2019, the Sheet Moulding Compound (SMC) industry is anticipated to reach USD 1.5 billion and is anticipated to expand at a CAGR of 4% over the forecast period. A "ready to mould" polyester material reinforced with carbon or glass fibres is known as sheet moulding compound or sheet moulding composite (SMC). A preheated material is inserted into an exposed, heated cavity during the moulding process known as compression moulding. The mould is then sealed off and compacted, causing the material to come into touch with the whole surface of the mould and produce a strong end product.
Many businesses utilise this moulding technique because it makes it possible to produce parts with different lengths, thicknesses, and levels of complexity. SMC is produced by dispersing long strands of chopped glass or carbon fibres over a large area filled with polyester resin, vinyl ester resin, or epoxy resin. Sheet rolls of SMC can weigh up to 1000 kg.
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Top Players in the Global Sheet Moulding Compound (SMC) Market:
- IDI Composites International
- Magna
- Menzolit
- Continental Structural Plastics
- Premix
- Polynt
- Molymer SSP
- ASTAR
- Core Molding Technologies
- Lorenz
- MCR
- Zhenshi Group Huamei New Materials
- Yueqing SMC BMC
- Changzhou Tianma Group
- Jiangshi Composite Technology Co.
- Huayuan Group
- JIANGSU BI-GOLD New Materials
- Changzhou Rixin Group
- SIDA Composites
- Devi Polymers
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Market segmentation based on Type Outlook:
- General Purpose SMC
- Flame Resistance SMC
- Electronic Insulators SMC
- Corrosion Resistance SMC
Application Outlook:
- Automotive Commercial Vehicle
- Electrical Energy
- Construction
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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