The
global sheet molding compound market is expected to grow at a CAGR of 5.5%
during 2014-2019. The major driver of the sheet molding compound market is the increasing
focus on lightweight materials in the automotive industry to achieve fuel
efficiency. The demand for sheet molding compound is driven by the growth in end
user industries, such as, transportation, electrical & electronics, and
construction. Asia Pacific is the largest consumer of the sheet molding
compound, driven by growth in end user industries in China and India.
Lucintel,
a leading global management consulting and market
research firm,
has analyzed the global sheet molding compound market by various segments and
regions, and has come up with a comprehensive research report “Growth
Opportunities for the Global Sheet Molding Compound Market 2014-2019: Trends,
Forecast, and Market Analysis.” This report provides
an analysis of the sheet molding compound market including analysis of market trends, competitive landscapes, company
profiles, emerging trends, and key drivers of industry growth. The study
also includes the global sheet molding compound market forecasts through 2019,
segmented by regions and markets as follows:
The
global sheet molding
compound market segmented by
regions:
·
North America
·
Europe
·
Asia Pacific
·
Rest of World
The global
sheet molding compound market segmented by applications:
·
Transportation
·
Electricals & Electronics
·
Construction
On the basis of its
comprehensive research, Lucintel forecasts that the global sheet molding compound
market is expected to depict a moderate growth during 2014-2019. The transportation
industry is expected to remain the largest segment in terms of both value and
volume during the forecast period. The major driving
force behind the growth of the market is the increasing penetration of SMC
materials in the automotive industry to reduce the overall weight of the
vehicle in order to achieve better fuel efficiency. IDI Composites
International, Premix, Menzolit, Magna, Polynt, and Continental Structural
Plastics are some of the major producers of sheet molding compound materials
for various applications.
This
121 page research
report will enable you to make confident
business decisions in sheet molding compound industry.
About
Lucintel
Lucintel, the premier global management consulting and
market research firm creates winning strategy for growth—whether you need to
understand market dynamics, identify new opportunities, or increase your
profitability. 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. Over the last 15 years, Lucintel has served over 1,000 corporations
in 70 countries.
