IRVING, Texas, Feb. 16, 2017 /PRNewswire/ -- According to a new market report published by Lucintel, the global SMC market is expected to reach an estimated $3.2 billion by 2021 and it is forecast to grow at a CAGR of 4.3% from 2016 to 2021. The major drivers for market growth are growing end-use industries and increasing demand for lightweight materials.
This report has 109 figures/charts and 35 tables spread through 139 pages
In this market, transportation, electrical & electronics, and construction are the major end use industries. On the basis of comprehensive research, Lucintel forecasts that the transportation and construction segments are expected to show above average growth during the forecast period.
The Asia Pacific is expected to remain the largest region and expected to witness highest growth rate during the forecast period due to growing demand from transportation and other end use industries.
Download Free PDF Report Brochure here http://www.lucintel.com/rb/sheet_molding_compound_market_2016.aspx
Emerging trends which have a direct impact on the dynamics of the industry include the increasing penetration of carbon fiber-based SMC, increasing focus of major player towards low density SMC, and introduction of direct-SMC. Polytec, Polynt, IDI Composites International, Menzolit, Continental Structural Plastics, Plastic Omnium, and Core Molding Technologies are among the major suppliers of SMC.
The study includes a forecast for the growth opportunities in the global SMC market by end use industry, fiber, resin, and region as follows:
By end use Industry [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:
- Electrical & Electronics
By fiber [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:
- Glass Fiber
- Carbon Fiber
By resin [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:
- Vinylester and Others
By region [Volume (M lbs) and Value ($ Million) from 2010 to 2021]:
- North America
This 139-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/sheet_molding_compound_market_2016.aspx or firstname.lastname@example.org.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com
Sr. Manager- Client Engagement,
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-global-sheet-molding-compound-smc-market-is-expected-to-reach-32-billion-by-2021-300408783.html