The report aims at estimating the market size and future growth potential of SMC and BMC market across different segments such as application, fiber types, resin types, and region. The base year considered for the study is 2014 and the market size is forecasted from 2015 to 2020. A shift in the trend from traditional materials such as iron, aluminum, and steel towards the usage of light weight SMC and BMC is witnessed. SMC and BMC offers properties such high strength, corrosion resistance, fire & flame resistance, good electrical insulation and a few others resulting in increased demand of the product. Usage of light weight SMC and BMC in the transportation application is expected to substantially increase the growth of the market during the forecasted period.
Target Audience
The major factor driving the SMC and BMC market is the usage of these materials in the transportation application due to its lightweight and good mechanical properties. High demand for fuel-efficient vehicles is also acting as a crucial factor for the growth of the SMC and BMC market. These products offer superior properties including high corrosion resistance, high strength and rigidity, fire & flame resistance, and good electrical insulation.
Transportation application: one of the key segments in the SMC and BMC market
The transportation application will be the fastest-growing segment of the SMC market during the forecast period, whereas electrical & electronics application is expected to propel the growth of the BMC market. SMC finds various applications in the automotive industry, which includes deck-lids, front ends, spoilers, bonnets, and hoods. BMC is also used in automotive parts such as headlight liners, valve covers, and ignition parts. BMC possesses good electrical insulation properties, therefore it is majorly used in the electrical & electronics parts such as motor and anchor insulators, fuses, and switchgear.
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- SMC and BMC manufacturers
- Resin manufacturers
- Raw material suppliers
- Distributors & suppliers
- Industry associations
- Transportation
- Electrical & Electronics
- Construction
- Others
The major factor driving the SMC and BMC market is the usage of these materials in the transportation application due to its lightweight and good mechanical properties. High demand for fuel-efficient vehicles is also acting as a crucial factor for the growth of the SMC and BMC market. These products offer superior properties including high corrosion resistance, high strength and rigidity, fire & flame resistance, and good electrical insulation.
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The transportation application will be the fastest-growing segment of the SMC market during the forecast period, whereas electrical & electronics application is expected to propel the growth of the BMC market. SMC finds various applications in the automotive industry, which includes deck-lids, front ends, spoilers, bonnets, and hoods. BMC is also used in automotive parts such as headlight liners, valve covers, and ignition parts. BMC possesses good electrical insulation properties, therefore it is majorly used in the electrical & electronics parts such as motor and anchor insulators, fuses, and switchgear.
MarketsandMarkets™ INC.630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: newsletter@marketsandmarkets.com
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