The global Sheet Molding and Bulk Molding Compounds Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Resin (Epoxy, Polyester), By Fiber (Glass Fiber, Carbon Fiber), By End-User (Automotive & Transportation, Aerospace, Electrical & Electronics, Building & Construction, Domestic appliances, Others).
Sheet molding compound (SMC) and bulk molding compound (BMC) are advanced composite materials used in various industries, including automotive, aerospace, electrical, and construction. In 2024, the market for SMC and BMC is experiencing steady growth, driven by their lightweight, high-strength, and corrosion-resistant properties, as well as their versatility in manufacturing complex shapes and components. SMC and BMC are composed of thermoset resins, reinforcing fibers (such as glass or carbon), and fillers, which are mixed and molded under heat and pressure to produce finished parts with superior mechanical properties and dimensional stability. With advancements in material formulations, molding technologies, and surface finishes, SMC and BMC offer solutions for lightweighting, structural reinforcement, and aesthetics in automotive body panels, electrical enclosures, consumer goods, and infrastructure components. Further, the adoption of sustainable materials and manufacturing processes is driving the development of bio-based resins, recycled fibers, and closed-loop manufacturing systems for SMC and BMC production, aligning with industry efforts to reduce environmental impact and promote circular economy principles. As industries seek to optimize performance, reduce costs, and meet regulatory requirements, the market for SMC and BMC is poised for d innovation and expansion, offering tailored solutions for diverse applications and market segments.
The market report analyses the leading companies in the industry including Astar S.A., Changzhou Runxia Fiberglass Products Co. Ltd, Continental Structural Plastics, Core Molding Technologies, IDI Composites International, Koninklijke Ten Cate BV., Menzolit, Plastic Omnium, Polynt, Polytec, Showa Denko K.K., and others.
A significant trend in the sheet molding and bulk molding compounds (SMC/BMC) market is the increasing demand for lightweight and high-strength materials, particularly in the automotive and aerospace industries. SMC and BMC offer exceptional mechanical properties, including high strength-to-weight ratios and corrosion resistance, making them ideal for replacing traditional materials like metals in vehicle components and aircraft structures. This trend is driven by the automotive industry's focus on improving fuel efficiency and reducing emissions, as well as the aerospace sector's need for lightweight materials to enhance aircraft performance and fuel economy. The growing demand for SMC and BMC reflects a broader industry shift towards advanced composite materials that offer superior strength, durability, and design flexibility.
The primary driver behind the growth of the SMC/BMC market is regulatory pressure for fuel efficiency and emissions reduction in automotive and aerospace applications. Stringent emissions standards and fuel economy regulations compel manufacturers to explore lightweight materials like SMC and BMC as viable alternatives to traditional metal components. By using lightweight composites, automakers can reduce vehicle weight, thereby improving fuel efficiency and lowering greenhouse gas emissions. Similarly, in the aerospace industry, lightweight materials such as SMC and BMC contribute to aircraft weight reduction, leading to reduced fuel consumption and emissions during flight. Regulatory mandates drive the adoption of SMC and BMC as key enablers of sustainability and compliance with environmental regulations.
An opportunity for the SMC/BMC market lies in expanding its applications into renewable energy and infrastructure sectors. With increasing global focus on renewable energy sources such as wind and solar power, there's a growing demand for durable and weather-resistant materials for wind turbine blades, solar panel frames, and other renewable energy infrastructure components. SMC and BMC offer excellent mechanical properties, dimensional stability, and resistance to environmental factors, making them suitable for these applications. Additionally, in infrastructure projects such as bridges, utility poles, and building facades, SMC and BMC can provide lightweight and corrosion-resistant alternatives to traditional construction materials. By targeting these emerging sectors and promoting the unique advantages of SMC and BMC, manufacturers can seize the opportunity to diversify their product offerings and capture new market segments for growth.
Within the Sheet Molding & Bulk Molding Compounds Market, the Polyester resin segment is the largest. Polyester resin offers a wide range of desirable properties such as excellent corrosion resistance, high strength-to-weight ratio, and good thermal stability, making it suitable for various applications in industries such as automotive, electrical, construction, and aerospace. Additionally, polyester resins are cost-effective compared to epoxy resins, making them a preferred choice for manufacturers looking to optimize production costs without compromising on quality. Moreover, polyester resins can be easily modified to meet specific performance requirements, further expanding their versatility and applicability across different end-use sectors. With their widespread usage in the production of sheet molding compounds (SMC) and bulk molding compounds (BMC) for applications ranging from automotive components to electrical enclosures, the Polyester resin segment maintains its position as the largest in the market.
In the Sheet Molding & Bulk Molding Compounds Market, the Carbon Fiber segment stands out as the fastest-growing. Carbon fiber offers exceptional strength-to-weight ratio, stiffness, and corrosion resistance, making it an attractive choice for applications where lightweight and high-performance materials are essential. Industries such as aerospace, automotive, and sporting goods are increasingly incorporating carbon fiber-reinforced composites in their products to improve performance and fuel efficiency while reducing overall weight. Additionally, advancements in carbon fiber manufacturing technologies have led to cost reductions and enhanced material properties, further driving their adoption across various end-use sectors. Moreover, growing environmental concerns and regulations regarding emissions have spurred the demand for lightweight materials like carbon fiber, as they contribute to fuel savings and reduced carbon footprint. With these factors driving the demand for carbon fiber-reinforced molding compounds, the Carbon Fiber segment is experiencing rapid growth in the market.
In the Sheet Molding & Bulk Molding Compounds Market, the Automotive & Transportation segment is the largest. The large revenue share is underpinned by the automotive industry is a significant consumer of sheet molding compounds (SMC) and bulk molding compounds (BMC) due to the increasing demand for lightweight materials to improve fuel efficiency and reduce emissions. SMC and BMC offer exceptional strength-to-weight ratio, corrosion resistance, and design flexibility, making them ideal for manufacturing various automotive components such as body panels, exterior trims, structural reinforcements, and under-the-hood applications. Additionally, the transportation sector, including railways and marine, also relies heavily on SMC and BMC for their lightweight and durable properties. Furthermore, the continuous advancements in molding compound technologies, coupled with the trend towards electric and autonomous vehicles, are further driving the demand for SMC and BMC in the automotive and transportation industries. With these factors in play, the Automotive & Transportation segment maintains its position as the largest end-user segment in the market.
By Resin
Epoxy
Polyester
By Fiber
Glass Fiber
Carbon Fiber
By End-User
Automotive & Transportation
Aerospace
Electrical & Electronics
Building & Construction
Domestic appliances
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Astar S.A.
Changzhou Runxia Fiberglass Products Co. Ltd
Continental Structural Plastics
Core Molding Technologies
IDI Composites International
Koninklijke Ten Cate BV.
Menzolit
Plastic Omnium
Polynt
Polytec
Showa Denko K.K.
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Sheet Molding and Bulk Molding Compounds Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Sheet Molding and Bulk Molding Compounds Market Size Outlook, $ Million, 2021 to 2032
3.2 Sheet Molding and Bulk Molding Compounds Market Outlook by Type, $ Million, 2021 to 2032
3.3 Sheet Molding and Bulk Molding Compounds Market Outlook by Product, $ Million, 2021 to 2032
3.4 Sheet Molding and Bulk Molding Compounds Market Outlook by Application, $ Million, 2021 to 2032
3.5 Sheet Molding and Bulk Molding Compounds Market Outlook by Key Countries, $ Million, 2021 to 2032
4 Market Dynamics
4.1 Key Driving Forces of Sheet Molding and Bulk Molding Compounds Industry
4.2 Key Market Trends in Sheet Molding and Bulk Molding Compounds Industry
4.3 Potential Opportunities in Sheet Molding and Bulk Molding Compounds Industry
4.4 Key Challenges in Sheet Molding and Bulk Molding Compounds Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Sheet Molding and Bulk Molding Compounds Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Sheet Molding and Bulk Molding Compounds Market Outlook by Segments
7.1 Sheet Molding and Bulk Molding Compounds Market Outlook by Segments, $ Million, 2021- 2032
By Resin
Epoxy
Polyester
By Fiber
Glass Fiber
Carbon Fiber
By End-User
Automotive & Transportation
Aerospace
Electrical & Electronics
Building & Construction
Domestic appliances
Others
8 North America Sheet Molding and Bulk Molding Compounds Market Analysis and Outlook To 2032
8.1 Introduction to North America Sheet Molding and Bulk Molding Compounds Markets in 2024
8.2 North America Sheet Molding and Bulk Molding Compounds Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Sheet Molding and Bulk Molding Compounds Market size Outlook by Segments, 2021-2032
By Resin
Epoxy
Polyester
By Fiber
Glass Fiber
Carbon Fiber
By End-User
Automotive & Transportation
Aerospace
Electrical & Electronics
Building & Construction
Domestic appliances
Others
9 Europe Sheet Molding and Bulk Molding Compounds Market Analysis and Outlook To 2032
9.1 Introduction to Europe Sheet Molding and Bulk Molding Compounds Markets in 2024
9.2 Europe Sheet Molding and Bulk Molding Compounds Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Sheet Molding and Bulk Molding Compounds Market Size Outlook by Segments, 2021-2032
By Resin
Epoxy
Polyester
By Fiber
Glass Fiber
Carbon Fiber
By End-User
Automotive & Transportation
Aerospace
Electrical & Electronics
Building & Construction
Domestic appliances
Others
10 Asia Pacific Sheet Molding and Bulk Molding Compounds Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Sheet Molding and Bulk Molding Compounds Markets in 2024
10.2 Asia Pacific Sheet Molding and Bulk Molding Compounds Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Sheet Molding and Bulk Molding Compounds Market size Outlook by Segments, 2021-2032
By Resin
Epoxy
Polyester
By Fiber
Glass Fiber
Carbon Fiber
By End-User
Automotive & Transportation
Aerospace
Electrical & Electronics
Building & Construction
Domestic appliances
Others
11 South America Sheet Molding and Bulk Molding Compounds Market Analysis and Outlook To 2032
11.1 Introduction to South America Sheet Molding and Bulk Molding Compounds Markets in 2024
11.2 South America Sheet Molding and Bulk Molding Compounds Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Sheet Molding and Bulk Molding Compounds Market size Outlook by Segments, 2021-2032
By Resin
Epoxy
Polyester
By Fiber
Glass Fiber
Carbon Fiber
By End-User
Automotive & Transportation
Aerospace
Electrical & Electronics
Building & Construction
Domestic appliances
Others
12 Middle East and Africa Sheet Molding and Bulk Molding Compounds Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Sheet Molding and Bulk Molding Compounds Markets in 2024
12.2 Middle East and Africa Sheet Molding and Bulk Molding Compounds Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Sheet Molding and Bulk Molding Compounds Market size Outlook by Segments, 2021-2032
By Resin
Epoxy
Polyester
By Fiber
Glass Fiber
Carbon Fiber
By End-User
Automotive & Transportation
Aerospace
Electrical & Electronics
Building & Construction
Domestic appliances
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Astar S.A.
Changzhou Runxia Fiberglass Products Co. Ltd
Continental Structural Plastics
Core Molding Technologies
IDI Composites International
Koninklijke Ten Cate BV.
Menzolit
Plastic Omnium
Polynt
Polytec
Showa Denko K.K.
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Resin
Epoxy
Polyester
By Fiber
Glass Fiber
Carbon Fiber
By End-User
Automotive & Transportation
Aerospace
Electrical & Electronics
Building & Construction
Domestic appliances
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Sheet Molding and Bulk Molding Compounds Market Size is valued at $3.8 Billion in 2024 and is forecast to register a growth rate (CAGR) of 7.2% to reach $6.6 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Astar S.A., Changzhou Runxia Fiberglass Products Co. Ltd, Continental Structural Plastics, Core Molding Technologies, IDI Composites International, Koninklijke Ten Cate BV., Menzolit, Plastic Omnium, Polynt, Polytec, Showa Denko K.K.
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume