Market Size & Trends
The global sheet molding and bulk molding compound market size was valued at USD 3.83 billion in 2023 and is expected to grow at a CAGR of 6.29% from 2024 to 2030. Sheet Molding compound (SMC) and bulk molding compound (BMC) are composite materials made from thermosetting resins, typically polyester, combined with fillers, fiber reinforcements, and other additives. These materials offer exceptional strength-to-weight ratios, corrosion resistance, and design flexibility, making them ideal for automotive, electrical, construction, and aerospace applications.
The growth of SMC and BMC is largely attributed to the automotive industry's increasing focus on reducing vehicle weight to improve fuel efficiency and meet stringent emission regulations. Additionally, the construction sector's demand for durable and lightweight materials is expected to drive further market expansion. The development of advanced SMC and BMC formulations with enhanced properties, such as improved fire resistance and electrical conductivity, is also anticipated to open new avenues for market growth.
Global Sheet Molding And Bulk Molding Compound Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented sheet molding and bulk molding compound market report based on resin type, fiber type, application, and region:
- Resin Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Epoxy
- Polyester
- Fiber Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Glass Fiber
- Carbon Fiber
- Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Automotive & Transportation
- Aerospace
- Electrical & Electronics
- Building & Construction
- Domestic Appliances
- Others
- Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- North America
U.S.
Canada
Mexico
Germany
UK
Italy
Spain
France
China
India
Japan
South Korea
Australia
Brazil
Argentina
Saudi Arabia
South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Projects & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- 1.7. List of Abbreviations
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2023 (USD Million)
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Sheet Molding And Bulk Molding Compound Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospects Mapping
- 3.3. Industry Value Chain Analysis
- 3.4. Technology Framework
- 3.5. Price Trend Analysis, 2018 to 2030 (USD/kg)
- 3.5.1. Key Factors Influencing Pricing
- 3.6. Regulatory Framework
- 3.6.1. Standards & Compliances
- 3.6.2. Regulatory Impact Analysis
- 3.7. Market Dynamics
- 3.7.1. Market Driver Analysis
- 3.7.2. Market Restraint Analysis
- 3.7.3. Market Challenges Analysis
- 3.7.4. Market Opportunity Analysis
- 3.8. Business Environment Analysis
- 3.8.1. Industry analysis - Porter's Five Forces analysis
- 3.8.2. Industry analysis - Pestle analysis
Chapter 4. Sheet Molding And Bulk Molding Compound Market: Resin Type estimates & trend analysis
- 4.1. Movement analysis & market share, 2023 & 2030
- 4.2. Epoxy
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD million)
- 4.3. Polyester
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Sheet Molding And Bulk Molding Compound Market: Resin Type estimates & trend analysis
- 5.1. Movement analysis & market share, 2023 & 2030
- 5.2. Glass Fiber
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD million)
- 5.3. Carbon Fiber
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Sheet Molding And Bulk Molding Compound Market: Application Estimates & Trend Analysis
- 6.1. Movement Analysis & Market Share, 2023 & 2030
- 6.2. Automotive & Transportation
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3. Aerospace
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4. Electrical & Electronics
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5. Building & Construction
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6. Domestic Appliances
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.7. Others
- 6.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Sheet Molding And Bulk Molding Compound Market: Regional Estimates & Trend Analysis
- 7.1. Key Takeaways
- 7.2. Regional Movement Analysis & Market Share, 2023 & 2030
- 7.3. North America
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.2. Market estimates and forecasts, by resin type, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.3. Market estimates and forecasts, by fiber type, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.4. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.5. U.S.
- 7.3.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.5.2. Market estimates and forecasts, by resin type, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.5.3. Market estimates and forecasts, by fiber type, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.5.4. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.6. Canada
- 7.3.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.6.2. Market estimates and forecasts, by resin type, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.6.3. Market estimates and forecasts, by fiber type, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.6.4. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.7. Mexico
- 7.3.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.7.2. Market estimates and forecasts, by resin type, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.7.3. Market estimates and forecasts, by fiber type, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.7.4. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4. Europe
- 7.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.2. Market estimates and forecasts, by resin type, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.3. Market estimates and forecasts, by fiber type, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.4. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5. Germany
- 7.4.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5.2. Market estimates and forecasts, by resin type, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5.3. Market estimates and forecasts, by fiber type, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5.4. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.6. UK
- 7.4.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.6.2. Market estimates and forecasts, by resin type, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.6.3. Market estimates and forecasts, by fiber type, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.6.4. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.7. France
- 7.4.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.7.2. Market estimates and forecasts, by resin type, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.7.3. Market estimates and forecasts, by fiber type, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.7.4. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.8. Italy
- 7.4.8.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.8.2. Market estimates and forecasts, by resin type, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.8.3. Market estimates and forecasts, by fiber type, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.8.4. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.9. Spain
- 7.4.9.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.9.2. Market estimates and forecasts, by resin type, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.9.3. Market estimates and forecasts, by fiber type, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.9.4. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5. Asia Pacific
- 7.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.2. Market estimates and forecasts, by resin type, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.3. Market estimates and forecasts, by fiber type, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.4. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.5. China
- 7.5.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.5.2. Market estimates and forecasts, by resin type, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.5.3. Market estimates and forecasts, by fiber type, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.5.4. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.6. India
- 7.5.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.6.2. Market estimates and forecasts, by resin type, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.6.3. Market estimates and forecasts, by fiber type, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.6.4. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.7. Japan
- 7.5.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.7.2. Market estimates and forecasts, by resin type, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.7.3. Market estimates and forecasts, by fiber type, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.7.4. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.8. South Korea
- 7.5.8.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.8.2. Market estimates and forecasts, by resin type, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.8.3. Market estimates and forecasts, by fiber type, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.8.4. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.9. Australia
- 7.5.9.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.9.2. Market estimates and forecasts, by resin type, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.9.3. Market estimates and forecasts, by fiber type, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.9.4. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.6. Central & South America
- 7.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.2. Market estimates and forecasts, by resin type, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.3. Market estimates and forecasts, by fiber type, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.4. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.5. Brazil
- 7.6.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.5.2. Market estimates and forecasts, by resin type, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.5.3. Market estimates and forecasts, by fiber type, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.5.4. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.6. Argentina
- 7.6.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.6.2. Market estimates and forecasts, by resin type, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.6.3. Market estimates and forecasts, by fiber type, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.6.4. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.7. Middle East & Africa
- 7.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.2. Market estimates and forecasts, by resin type, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.3. Market estimates and forecasts, by fiber type, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.4. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.5. Saudi Arabia
- 7.7.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.5.2. Market estimates and forecasts, by resin type, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.5.3. Market estimates and forecasts, by fiber type, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.5.4. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.6. South Africa
- 7.7.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.6.2. Market estimates and forecasts, by resin type, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.6.3. Market estimates and forecasts, by fiber type, 2018 - 2030 (Kilotons) (USD Million)
- 7.7.6.4. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Key Players & Recent Developments & Their Impact on the Industry
- 8.2. Key Company/Competition Categorization (Key innovators, Market leaders, emerging players)
- 8.3. List of key Component Suppliers and Channel Partners
- 8.4. Company Market Share & Position Analysis, 2023
- 8.5. Company Heat Map Analysis
- 8.6. Competitive Dashboard Analysis
- 8.7. Strategy Mapping
- 8.7.1. Expansion
- 8.7.2. Collaboration/ Partnerships/ Agreements
- 8.7.3. New Application launches
- 8.7.4. Mergers & Acquisitions
- 8.7.5. Research & Development
- 8.7.6. Others
- 8.8. Company Listing / Profiles
- 8.8.1. IDI Composites International
- 8.8.1.1. Company Overview
- 8.8.1.2. Financial Performance
- 8.8.1.3. Product Benchmarking
- 8.8.2. National Composites
- 8.8.3. MENZOLIT
- 8.8.4. Polynt (Polynt-Reichhold)
- 8.8.5. Continental Structural Plastics Inc. (TEIJIN)
- 8.8.6. ZOLTEK (Toray Group)
- 8.8.7. Mitsui Chemicals
- 8.8.8. TORAY INTERNATIONAL
- 8.8.9. Core Molding Technologies
- 8.8.10. Devi Polymers Private Limited
- 8.8.11. Zhejiang Yueqing SMC & BMC Manufacture Factory
- 8.8.12. Huayuan Advanced Materials Co., Ltd.
- 8.8.13. Resonac Holdings Corporation