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The future of the sheet molding compound (SMC) market in India looks good with opportunities in the transportation, electrical & electronics, and construction industries. The major growth drivers for this market are increasing use of lightweight materials in transportation, and performance benefits, such as lower corrosion in construction and higher thermal resistance in E&E industries.
Emerging trends which have a direct impact on the dynamics of the SMC industry include the increasing penetration of carbon fiber-based SMC, development of low density SMC, and introduction of Direct-SMC.
A total of 25 figures / charts and 12 tables are provided in this 60-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this SMC market in India report, download the report brochure.
Sheet Molding Compound Market in India by Segment:
2014-2025 (US $M) (Randomized Data)
Trends and Forecasts for Sheet Molding Compound Market
in India: 2014-2025 (US $M) (Randomized Data)
The study includes the market size and forecast for the SMC market in India by end use industry, fiber, resin, and density as follows:
SMC Market by end use Industry [Volume (M lbs) and Value ($ Million) from 2014 to 2025]:
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Transportation
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Electrical and Electronics
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Construction
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Others
SMC Market by fiber type [Volume (M lbs) and Value ($ Million) from 2014 to 2025]:
SMC Market by resin type [Volume (M lbs) and Value ($ Million) from 2014 to 2025]:
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Polyester
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Vinylester and Others
SMC Market by Density [Volume (M lbs) and Value ($ Million) from 2014 to 2025]:
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Low Density
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Mid and High Density
Lucintel forecasts that the transportation is expected to remain the largest segment, supported by growing automotive production and increasing focus on lightweight materials. Pickup truck boxes, deck lids, fenders, hoods, and bumpers are some of the major applications of SMC in the transportation industry. Construction is expected to witness the highest growth for SMC during the forecast period supported by the growing infrastructural development and increasing demand for lightweight and non-corrosive materials.
By fiber type, glass fiber based SMC will remain the largest segment by both value and volume. Carbon fiber based SMC is expected to witness the highest growth in the forecast period supported by its high performance characteristics. By resin type, polyester resin based SMC will remain the largest segment by both value and volume.
Some of the features of “Opportunities for the Sheet Molding Compound Market in India 2014-2025: Trends, Forecast, and Opportunity Analysis” Include:
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Market size estimates: Sheet molding compound market size estimation in terms of value ($M) and volume (M Lbs.) shipment.
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Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by end use industry, fiber, resin, and density.
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Segmentation analysis: Sheet molding compound market size by end use industries (transportation, electrical and electronics, construction, and others), fiber type (glass fiber and carbon fiber,), resin type (polyester, vinylester and others), and density (low density, mid and high density) in terms of value and volume shipment.
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Growth opportunities: Analysis on growth opportunities in different end use industry, fiber, resin, and density for sheet molding compound in the sheet molding compound market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 7 key questions:
Q.1. How big are the opportunities for the SMC market in India by end use industries (transportation, electrical and electronics, construction, and others), fiber type (glass fiber and carbon fiber,), resin type (polyester, vinylester and others), and density (low density, mid and high density)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the drivers and challenges of the SMC market?
Q.4. What are the business risks and threats to the SMC market?
Q.5. What are emerging trends in this SMC market and the reasons behind them?
Q.6. What are some of the changing demands of customers in the SMC market?
Q.7. What are the new developments in the SMC market and which companies are leading these developments?