Global Sheet Molding Compound Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Glass Fiber and Carbon Fiber.

By End-User;

Electronic & Electrical Industry, Automotive Industry, Construction Industry, Consumer Good, Healthcare, Aviation & Defense, and Other.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn128820039 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Sheet Molding Compound Market (USD Million), 2021 - 2031

In the year 2024, the Global Sheet Molding Compound Market was valued at USD 2,560.91 million. The size of this market is expected to increase to USD 3,438.62 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.3%.

The global sheet molding compound (SMC) market plays a crucial role in the composite materials industry, driven by its extensive applications across diverse sectors such as automotive, aerospace, electrical, and construction. SMC is a composite material composed of thermosetting resins, glass fibers, and fillers, offering superior mechanical properties including high strength, impact resistance, and dimensional stability. These characteristics make SMC highly suitable for manufacturing complex and lightweight components that require stringent performance standards and durability.

Key factors fueling the growth of the global SMC market include increasing demand for lightweight materials to improve fuel efficiency in vehicles, stringent regulatory requirements promoting sustainability and safety, and advancements in manufacturing technologies enhancing production efficiency. The automotive industry is a major consumer of SMC, employing it for exterior body panels, structural components, and under-the-hood applications. Additionally, the aerospace sector utilizes SMC for interior panels and structural parts due to its ability to withstand high temperatures and environmental stressors. As industries continue to prioritize lightweight, durable, and environmentally friendly materials, the global SMC market is poised for further expansion and innovation.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By End-User
    3. Market Snapshot, By Region
  4. Global Sheet Molding Compound Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Automotive Lightweighting Initiatives

        2. Regulatory Emphasis on Fuel Efficiency and Emissions

        3. Growth in Aerospace Applications

        4. Advancements in Material Technology

      2. Restraints
        1. High Initial Investment Costs

        2. Limited Design Flexibility

        3. Challenges in Recycling and Disposal

        4. Competition from Alternative Materials

      3. Opportunities
        1. Increasing Applications in Renewable Energy

        2. Growth in Infrastructure Development Projects

        3. Technological Advancements in Composite Materials

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Sheet Molding Compound Market, By Type, 2021 - 2031 (USD Million)
      1. Glass Fiber
      2. Carbon Fiber
    2. Global Sheet Molding Compound Market, By End-User, 2021 - 2031 (USD Million)
      1. Electronic & Electrical Industry
      2. Automotive Industry
      3. Construction Industry
      4. Consumer Good
      5. Healthcare
      6. Aviation & Defense
    3. Global Sheet Molding Compound Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Astar S.A
      2. Plastics Engineering Company
      3. Royal Tencate N.V
      4. Koninklijke Ten Cate NV
      5. Polynt S.p.A
      6. Citadel Plastics Holding Inc
      7. IDI Composite International
      8. Changzhou Runxia Fiberglass Products Co., Ltd
      9. Showa Denko K.K
      10. Continental Structural Plastics Inc
  7. Analyst Views
  8. Future Outlook of the Market