Global Sheet Molding Compound And Bulk Molding Compound Market Size & Outlook
The global sheet molding compound and bulk molding compound market size was estimated at USD 3,840.5 million in 2023 and is projected to reach USD 5,901.2 million by 2030, growing at a CAGR of 6.3% from 2024 to 2030.
Revenue, 2023 (US$M)
$3,840.5
Forecast, 2030 (US$M)
$5,901.2
CAGR, 2024 - 2030
6.3%
Report Coverage
Worldwide
Global sheet molding compound and bulk molding compound market, 2018-2030 (US$M)
Related Markets
Global sheet molding compound and bulk molding compound market highlights
- The global sheet molding compound and bulk molding compound market generated a revenue of USD 3,840.5 million in 2023 and is expected to reach USD 5,901.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.3% by 2030.
- In terms of segment, polyester accounted for a revenue of USD 3,840.5 million in 2023.
- Polyester is the most lucrative resin type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 3,840.5 million |
| Market revenue in 2030 | USD 5,901.2 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Polyester |
| Fastest growing segment | Polyester |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyester |
Other key industry trends
- In terms of revenue, the North America accounted for 14.0% of the global sheet molding compound and bulk molding compound market in 2023.
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Sheet Molding Compound And Bulk Molding Compound Market Scope
Sheet molding compound and bulk molding compound market segmentation & scope
Fiber Type
Glass Fiber
Carbon Fiber
Application
Automotive & Transportation
Aerospace
Electrical & Electronics
Building & Construction
Domestic Appliances
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
China
India
Japan
Australia
South Korea
Brazil
Argentina
South Africa
Saudi Arabia
Sheet Molding Compound And Bulk Molding Compound Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Devi Polymers | View profile | 11-50 | Chennai, Tamil Nadu, India, Asia | https://www.devipolymers.com |
| Core Molding Technologies | View profile | 1001-5000 | Columbus, Ohio, United States, North America | http://coremt.com |
| Menzolit | View profile | 51-100 | Burnley, Lancashire, United Kingdom, Europe | https://menzolit.com |
| National Composites | View profile | 51-100 | Troy, Michigan, United States, North America | https://nationalcomposites.com |
| Polynt | View profile | 1001-5000 | Bergamo, Lombardia, Italy, Europe | http://www.polynt.com |
| IDI Composites International, Inc. | View profile | 251-500 | Noblesville, Indiana, United States, North America | http://idicomposites.com |
| Resonac Holdings Corp | View profile | 23840 | 1-9-1, Higashi-Shimbashi, Tokyo Shiodome Building, Minato-ku, Tokyo, Japan, 105-7325 | https://www.resonac.com |
| Mitsui Chemicals Inc | View profile | 18933 | 1-5-2, Higashi-Shimbashi, Shiodome City Center, Minato-ku, Tokyo, Japan, 105-7122 | http://group.mitsuichemicals.com |
| Teijin Ltd | View profile | 24499 | 6-7, Minami Hommachi 1-chome, Chuo-ku, Osaka, Japan, 541-8587 | http://www.teijin.co.jp |
| Toray Industries Inc | View profile | 48682 | Nihonbashi Mitsui Tower 2-1-1, Nihonbashi Muromach, Chuo-ku, Tokyo, Japan, 103-8666 | http://www.toray.co.jp |
Global sheet molding compound and bulk molding compound market size, by regions, 2018-2030 (US$M)
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