Sheet Molding Compound and Bulk Molding Compound Market Trends, Analysis, And Forecast Up to 2021

Sheet Molding Compound and Bulk Molding Compound Market Emerging Size, Industry Trends, Global Share, Major Players and Forecast to 2021

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Sheet Molding Compound and Bulk Molding Compound Market Sheet Molding Compound and Bulk Molding Compound Market: Emerging Size, Industry Trends, Global Share, Major Players and Forecast to 2021 The demand for sheet molding compound has been on the rise recently due to the growing need for higher mechanical strength applications. Market reports associated with the chemicals and materials sector made accessible

by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry. The market is likely to achieve revenues worth USD 3,531.1 Million while growing at a CAGR of 6.5% approximately in the forecast period.

The application of the sheet molding compound for compression or injection molding has seen significant improvement which is contributing to the overall development of the market. Its application in transportation, electrical, construction sectors is anticipated to provide an additional boost to the expansion of the market. The versatility of the sheet molding compound is likely to contribute to its overall growth over the forecast period.

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Sheet Molding Compound and Bulk Molding Compound Market Segmental Analysis

The segmentation of the sheet molding compound and bulk molding compound market is carried out on the basis of type, application, and region.

On the basis of type, the market segmentation includes carbon fiber and glass fiber.

On the basis of application, the market is segmented into electrical, transportation, and construction.

On the basis of region, the market is segmented as APAC, North America, Europe, and Rest of the World.

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Sheet Molding Compound and Bulk Molding Compound Market Major Players in this Research: Key Players for Sheet Molding Compound and Bulk Molding Compound Market: • IDI Composite International, • Citadel Plastics Holding Inc., • Menzolit GmbH, • Polynt S.P.A, • Core Molding Technologies Inc., • Continental Structural Plastics Inc., • Showa Denko K.K., • Changzhou Runxia Fiberglass Products Co., Ltd., • Royal Tencate

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Sheet Molding Compound and Bulk Molding Compound Market Regional Market Analysis

The regional analysis of the market perceives that the APAC region will increase at a CAGR of 7.2% over the forecast period with a market size of USD 1,885.2 million by 2021. The market share of the region is attributed to the rising transportation and electrical & electronics industries in this region. China stands on the highest position as the producers and consumer segment which accounts for a total of 50% approximately of the global market. However, the European region is anticipated to obtain a market share of USD 923.7 million and will increase at a CAGR 4.9% by 2021.

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