Asia Pacific Sheet Molding Compound And Bulk Molding Compound Market Size & Outlook
The sheet molding compound and bulk molding compound market in Asia Pacific is expected to reach a projected revenue of US$ 3,973.9 million by 2030. A compound annual growth rate of 7.2% is expected of Asia Pacific sheet molding compound and bulk molding compound market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,440.0
Forecast, 2030 (US$M)
$3,973.9
CAGR, 2024 - 2030
7.2%
Report Coverage
Asia Pacific
Asia Pacific sheet molding compound and bulk molding compound market, 2018-2030 (US$M)
Related Markets
Asia Pacific sheet molding compound and bulk molding compound market highlights
- The Asia Pacific sheet molding compound and bulk molding compound market generated a revenue of USD 2,440.0 million in 2023.
- The market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
- In terms of segment, polyester was the largest revenue generating resin type in 2023.
- Polyester is the most lucrative resin type segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 2,440.0 million |
| Market revenue in 2030 | USD 3,973.9 million |
| Growth rate | 7.2% (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 |
| Key market players worldwide | IDI Composites International, Inc., National Composites, Menzolit, Polynt, Teijin Ltd, Toray Industries Inc, Mitsui Chemicals Inc, Core Molding Technologies, Devi Polymers, Resonac Holdings Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 63.5% of the global sheet molding compound and bulk molding compound market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,973.9 million by 2030.
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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 |
|---|
Asia Pacific sheet molding compound and bulk molding compound market
Related regional statistics
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