#Sheet Molding Compound and Bulk Molding Compound Market

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Low Profile Additives Market Size, Share and Forecast Report 2030

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Sheet molding compound process & Compression Molding

What is SMC?

SMC is a flat sheet-like compound manufactured by spreading long strands of chopped glass fiber & under-saturated polyester/phenolic/vinyl & acrylic modified resins to produce a high-strength moulding compound. SMC material is used in the compression moulding process. SMCs are generally used to mould parts in complex shapes. This thermoset material is suitable for making automotive parts, high-strength electrical parts, corrosion resistance needs, and various structural components because of its outstanding capabilities, surface appearance, and electrical insulation. SMC is normally supplied in rolls, which are split into smaller pieces called "charges". Compression moulding is a procedure that uses heat and pressure to create anything from basic shapes to complex mould products.

Compression Moulding process

Compression moulding is a manufacturing process in which a pre-determined amount of moulding materials are pre-heated and compressed into the desired form using two heated mould cavities. It is a high-volume, high-pressure moulding technique for complicated, high-strength fibreglass reinforcements. Thermoset composites are the most common type of material used in compression moulding & SMC is a thermoset material. It has the advantage of being able to mould large, fairly complex parts. Furthermore, when compared to other moulding methods such as transfer moulding and injection moulding, it is one of the least expensive; additionally, it wastes relatively less material, giving it an advantage when working with expensive compounds. Manufacturers who are used to working with metal parts will find it very simple to convert a metal object into a compression moulding part.

Process of making SMC sheet

Step 1. Paste Reservoir releases a measured amount of specified resin paste onto a plastic carrier film.

Step 2. This Film passes under a chopper which cuts the fiber (Glass fiber/carbon fiber) onto the surface.

Step 3. Once these have moved to the depth of the resin paste another sheet is added on top of the fiber like a sandwich.

Step 4. Later these sheets are firmly pressed together and then stored in a form of a roll at a pre-determined thickness.

Step 5. Then these sheets are allowed to mature for 48 hours.

Advantages of SMC

SMC is lightweight when compared to other materials from metal to BMC (Bulk Moulding Compound).

Being light in weight does not make SMC weak. It is robust, long-lasting & resistant at high speed.

While metals & minerals get easily corroded in acids & sea water, SMC is chemical corrosion resistant.

SMC is a flame retardant material. To achieve a high flame retardancy several additives can be added.

There is low emission of toxic smoke or hazardous gas from SMC.

SMC also outperforms other materials in terms of electrical strength, water absorption, and surface resistance.

The thermal stress is much more compact than that of metal.

The service life of SMC is more than other materials.

The simple process of SMC helps to produce in large quantities in a very short period.

Manufacturers can save money as there is minimum labour cost & less wastage.

Composites offer a high strength-to-weight ratio, which results in improved performance, easier installation, and better product transport, as well as lower environmental impact and fuel emissions.

Applications

The rising cost of cast metals is pressuring manufacturers to consider alternate materials of metal. As thermoset components have very unique properties-exceptional strength, lightweight, corrosion resistance, exceptional thermal properties, and electrical non-conductance it makes them more desirable over other materials available. The sheet moulding compound (SMC) market report analyses the growth, which is currently growing due to the above-mentioned reasons. Here are some fields of application:

Electrical & Electronics :

Electrical connector

Circuit breaker

Motor parts

Electric switchgear

Electrical insulator parts

Electrical junction boxes

Satellites Aerials / Dish Antennas

Automotive :

Air Deflectors & Spoilers

Frames for windows/sunroofs

Air-intake manifolds

Front-end grill opening panels

Battery casings and covers

Headlamp housings

Bumpers & Bumper beam

Heat shields (engine, transmission)

Cylinder head (e.g. valve, rocker, cam) covers

Pillars (e.g. 'A' and 'C') and coverings

Appliances :

Cabinets & Storage Boxes

Kitchen Sinks

Oven end-panels

Cutters

Housing & Cooling Coil Drip pans in HAVC products, such as room air conditioners

Lids

Building & Construction :

Door Skins

Fencing

Water Tanks

Window Panels

Basins & Bath Tubs

Dust Bins

Roofing

Energy :

Roof tiles for Thin Film installations.

Housings for solar structures for heating liquids in pipe systems.

Small Turbine Blades

Blade Hub

Turbine Housing

Pad Type Or Portable Type Power Generators

Wastewater :

Lids

Weir

Plates

Control Valves

Plumbing Flanges

Manhole Covers

Transportation :

Train / Tram interior & body parts

Third rail insulators

Third rail canopies

Contactors

Traction motor brush holders

Medical Devices :

Instrumentation covers, bases, and components

Standard and contagious/biohazard trash cans and receptacles

X-ray film containers ment

Dental medication systems

Antibacterial components

Surgery equipment

Conclusion

Only mentioning a few of the properties of SMC demonstrates its unique standing as a high-performance, inexpensive - highly lucrative material class with great future possibilities.

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Sheet Molding Compound And Bulk Molding Compound Market Size | Industry Analysis, Key Player profile, Trends, Share, Growth, Demand and Regional Outlook by 2027

The demand for sheet molding compound has been on the rise recently due to the growing need for higher mechanical strength applications. Market reports associated with the chemicals and materials sector made accessible by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry. The market is likely to achieve revenues worth USD 3,531.1 Million while growing at a CAGR of 6.5% approximately in the forecast period.

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The application of the sheet molding compound for compression or injection molding has seen significant improvement which is contributing to the overall development of the market. Its application in transportation, electrical, construction sectors is anticipated to provide an additional boost to the expansion of the market. The versatility of the sheet molding compound is likely to contribute to its overall growth over the forecast period.

Segmental Analysis

The segmentation of the sheet molding compound and bulk molding compound market is carried out on the basis of type, application, and region. On the basis of type, the market segmentation includes carbon fiber and glass fiber. On the basis of application, the market is segmented into electrical, transportation, and construction. Additionally, on the basis of region, the market is segmented as APAC, North America, Europe, and Rest of the World.

Detailed Regional Analysis

The regional analysis of the market perceives that the APAC region will increase at a CAGR of 7.2% over the forecast period with a market size of USD 1,885.2 million by 2021. The market share of the region is attributed to the rising transportation and electrical & electronics industries in this region. China stands on the highest position as the producers and consumer segment which accounts for a total of 50% approximately of the global market. However, the European region is anticipated to obtain a market share of USD 923.7 million and will increase at a CAGR 4.9% by 2021.

Competitive Analysis

The extended feasibility of the market is extremely dependent on the techniques and the strategic roadmaps that are involved by market players. The dynamic combination of supply chain management is repeatedly enhancing the development of the market. The critical success factors in the market are effortlessly attained in the market leading to an elevated pace of development in the forecast period. The improved level of importance on the variation of products is raising the number of customers in the market considerably. The making of products and services in  the markets will alter the progression of the market markedly. The market appeal and competitors’ tendencies are conspicuously improved by the strategies that are being exploited by market players. The market is significantly elevated by the advances that are happening in the market. The notable contenders in the Sheet Molding Compound and Bulk Molding Compound Market are Citadel Plastics Holding Inc., IDI Composite International, Polynt S.P.A, Menzolit GmbH, Core Molding Technologies Inc., Changzhou Runxia Fiberglass Products Co., Ltd., Continental Structural Plastics Inc., Showa Denko K.K., and Royal Tencate.

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Industry Updates:

July 2018 FACC will begin supplying materials for the entrance area for the A320 aircrafts. This contains the whole lining of the entrance area as well as the door area together with the ceiling panels in the middle, front and rear sections of the aircraft. The contract which is valued at an additional EUR 230 million, is based on FACC’s investment of some million euros in new sheet molding compound (SMC) technology and an exceptionally automated production line.

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Sheet Molding Compound and Bulk Molding Compound Market Overview

Global Sheet Molding Compound and Bulk Molding Compound Market is expected to and reach USD 3,531.1 Million at the end of the forecasted period and is expected to show a staggering growth at CAGR of 6.5% from 2016 to 2021. The demand for sheet molding compound has been on the rise recently due to the growing need for higher mechanical strength applications. Market reports associated with the chemicals and materials sector made accessible by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry.

Free Sample Report for This Report @ https://www.marketresearchfuture.com/sample_request/1671

The application of the sheet molding compound for compression or injection molding has seen significant improvement which is contributing to the overall development of the market. Its application in transportation, electrical, construction sectors is anticipated to provide an additional boost to the expansion of the market. The versatility of the sheet molding compound is likely to contribute to its overall growth over the forecast period.

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Sheet Molding Compound and Bulk Molding Compound Market – Overview On Future Need 2025

Global Sheet Molding Compound and Bulk Molding Compound Market: Snapshot

The global market for sheet molding compound and bulk molding compound is expected to advance with the launch of superior quality, lightweight, and more durable bulk molding and sheet molding compounds. By virtue of their higher line throughputs and lower production costs, these compounds are increasingly preferred by several leading manufacturers. As an augmenting number of advanced automobiles and luxury brands are deploying sheet molding compound (SMC) components, the market for sheet molding compound and bulk molding compound promises significant growth opportunities.

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For instance, the Mercedes-AMG GT C Roadster features a light-weight boot-lid that is made from SMC. Similarly, the 2018 Lexus LC 500 deploys glass sheet molding compound to curb weight. The inner panels of the trunk and doors of the vehicle are made using CRFP sheet molding compound.

Several prominent market players have set their eyes on global presence, for which they have been expanding their capacities through new production facilities in new regions. For instance, in March 2017, Jushi Group Ltd. announced its plans to set up a production facility in Suez, Egypt by the second half of 2017. It has also been ramping up its product portfolio with the addition of SMC Class A and BMC chopped strands. Another leading firm, A. Schulman, Inc. announced in October 2016 its intention to expand its compounding capacity via the addition of a new sheet molding compound production site in Germany. Another new inventory facility, situated in Slovenia, will cater to the demands of its European customer base.

Global Sheet Molding Compound and Bulk Molding Compound Market: Overview 

Sheet Molding Compound (SMC) is a ready-to-mold, glass fiber protected polymer matrix composite material that finds use in different modern applications. This is because it can be molded into complex shapes.  Bulk Molding Compound (BMC), on the other hand, is an amalgamation of cut glass strands and resin that is supplied in bulks or logs. BMC is suitable for either compression or injection molding. Some of the end-use industries utilizing SMCs and BMCs are electrical, automotive, transportation, aerospace, construction, marine, and consumer industries. 

Raw materials used in manufacturing SMC and BMC are resins and fibers. Depending upon the type of fiber, the market can be segmented into glass fiber and carbon fiber. Currently, glass fiber is widely used in the global sheet molding compound and bulk molding compound market. Depending upon the resin type, the market can be segmented into polyester, vinyl ester, and others. The glass fiber is the dominating segment in the global sheet-molding compound and bulk-molding compound market.  

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A report by TMR Research conveys essential information about the global market for sheet molding compound and bulk molding compound, which are also known as thermoset compounds. It furnishes a granular analysis of the various factors promoting or hindering the market’s growth in the near future and also provides information on the important players in the market. 

Global Sheet Molding Compound and Bulk Molding Compound Market: Drivers and Trends 

Sheet molding compound and bulk molding compounds are lightweight yet strong. They are fire, corrosion, and stain resistant and exhibit excellent electrical insulation. As a result of so many unique perceived benefits, SMC and BMC are being preferred over traditional materials such as steel, iron, and aluminum.  They are being increasingly utilized in the burgeoning automotive sector. Sheet molding compounds, for example, are used in bonnets, hoods, front ends, decklids, and spoilers in automobiles. Bulk molding compounds too are used in various automotive parts, namely valve covers, ignition parts, and headlight liners. In the years to come, the growing urbanization worldwide, leading to the swift sale of vehicles, especially fuel-efficient vehicles, will drive the market substantially. 

Other factors benefitting the global sheet molding compound and bulk molding compound market are the increasing automation, integration of the complete value chain of the process industries, and rapid technological progress.  

Global Sheet Molding Compound and Bulk Molding Compound Market: Regional Outlook 

At present, Asia Pacific holds a sway over the global sheet molding compound and bulk molding compound market on account of the robust demand for automobiles and rapid industrialization in the region. The same factors are slated to propel the market further in the near future. In fact, Asia Pacific, powered by China, is slated to outpace all other major geographic segments in terms of growth rate in the years ahead. Presence of a copious number of electrical and automobile manufacturers, which is a result of lesser raw material prices, has made China a key player in the Asia Pacific region. It is both a leading producer and consumer of SMC and BMC in the region. 

Europe trails Asia Pacific in the global sheet molding compound and bulk molding compound market. It is followed by North America, which is propelled by the U.S. – the main contributor to its growth. 

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Companies Mentioned in Report 

To present an in-depth assessment of the competition prevailing in the global sheet molding compound and bulk molding compound market, the report profiles companies such as Menzolit GmbH, IDI Composite International, Showa Denko K.K., Citadel Plastics Holding Inc., Continental Structural Plastics Inc., Polynt S.P.A, Core Molding Technologies Inc., and Royal Tencate.  

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United States Sheet Molding Compound and Bulk Molding Compound Market Report 2018

United States Sheet Molding Compound and Bulk Molding Compound Market Report 2018

United States Sheet Molding Compound and Bulk Molding Compound Industry provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Sheet Molding Compound and Bulk Molding Compound Market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development…

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The report “Pressure Sensitive Adhesives Market by Chemistry (Acrylic, Rubber, EVA), Technology (Water-based, Solvent-based, Hot Melt), Application (Labels, Tapes, Graphics), End-Use Industry (Packaging, Automotive, Medical), Region – Global Forecast to 2026″, The pressure sensitive adhesives (PSA) market was valued at USD 7.87 Billion in 2015, and is projected to reach USD 15.76 Billion by 2026, at a CAGR of 6.6% between 2016 and 2026.

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Bulk Molding Compound (BMC) is any combination of cut glass components and resin in the form of a bulk pre-preg. Bulk molding compound is mainly suitable either for compression or injection molding. Transportation, electrical, construction and other applications such as aerospace, automotive, marine and consumer industries are increasing using sheet molding compound to take better advantage of its performance.  Glass fiber is expected to hold the maximum market share of USD 589.5 million by 2021, growing at a CAGR of 6.7%. The global sheet molding compound and bulk molding compound market is expected to and reach USD 3,531.1 Million at the end of the forecasted period and is expected to show a staggering growth at CAGR of 6.5% from 2016 to 2021.

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Automotive Composite Leaf Springs Market Future Trends, Industry Size and Forecast to 2032

The Global Automotive Composite Leaf Spring Market was valued at US$ 71.6 Mn in 2021 and is expected to reach US$ 138 Mn by 2032, finds Future Market Insights (FMI) in a recent market survey. A new market research report by Future Market Insights on the Automotive Composite Leaf Spring Market includes a global industry analysis 2017–2021 and an opportunity assessment 2022–2032. As per the findings of the report, the Transversal installation of Composite Leaf Spring constitutes the bulk of the revenue that will be generated through this segment. It is projected that Transversal Type installation of composite will grow at 5.9% CAGR during the forecast period.

The United States to Command the Larger market share of Automotive Composite Leaf Spring throughout the Analysis Period

The United States will own 33.9% of the global Automotive Composite Leaf Spring Market. From 2017 through 2021, the CAGR is 6.7%. In the United States. The United States has the highest vehicle ownership per capita in the world and the automotive industry contributes about 3% of GDP. North America brought in US$31.7 Mn in revenue in 2022, up 7% from the previous year. In the following decade. In North America, continuous advancements in composite materials have helped to preserve competitiveness against traditional metals and plastics. These elements are propelling the market's revenue ahead.

“The introduction of new carbon fiber composites opens huge untapped segments of Automotive Leaf Spring Market. Their Commercialization in Light Commercial Vehicle segment can lead to a significant increase in revenue growth of Automotive Leaf Spring market” comments an analyst at Future Market Insights.

Automotive Composite Leaf Spring Market: Competition Insights

Currently, Composite Leaf Spring manufacturers are largely aiming at setting up manufacturing facilities, winning orders, and showcasing technology at exhibitions. The key companies operating in the flexible screen market include Benteler SGL, Hendrickson International, HyperCo, IFC Composite GmbH, LiteFlex, LLC, Mubea Fahrwerkstechnologien GmbH, ARC Suspension, FLEX-FORM, Heathcote Industrial Plastics, Hendrickson Holding LLC, KraussMaffei, Jamna Auto Industries Ltd, Standens, NHK Spring, Mitsubishi Steel, Owen Spring, Beijer Alma, Fangda, Dongfeng, Rassini International.

The key recent developments of flexible screens manufacturers are as follows:

In October 2019, Hendrickson has completed the acquisition of Dayton, Ohio-based Liteflex Composite Springs. Under the name Hendrickson Composites, the Company will operate as a branch of Hendrickson. Hendrickson's product folio is bolstered with more composite spring technology.

In Jun 2021, Rassini, a producer of suspension components for light commercial vehicles, has specified the use of an EPIKOTE epoxy resin system from Hexion Inc. for an innovative rear suspension system found in Ford Motor Co.’s new pickup truck model.

In Jan 2018, SGL Group with its joint venture with BENTELER Automotive, the complete takeover of BENTELER-SGL enables us to expand our serial productioncapabilities or components made from fiber-reinforced composites such as Leaf Spring.

In Jul 2021, Hexcel’s HexPly M901 prepreg system has been selected by Rassini, to speed up prototype and new product development cycles. The company aims to reduce overall time to market with the easy-to-process material that enables effective early-stage design screening and cost-effective production.

In Oct 2021, Under the UK government-funded research project, TUCANA, AOC AGwith Astar has developed a new sheet molding compound based on Daron polyurethane hybrid technology, that enables the production of chopped carbon fiber molded parts on an industrial scale with the mechanical performance of epoxy resin CF-SMC, and the manufacturing ease of unsaturated polyester resin and vinyl ester resin SMC.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Automotive Composite Leaf Springs Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Automotive Composite Leaf Springs Market in terms of Installation Type (Transversal and Longitudinal), By Process Type (High-Pressure Resin Transfer Molding Process, Prepreg Layup Process, Others), By Location Type (Front Leaf Spring, Rear Leaf Spring), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium, and Heavy Duty Vehicles), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

For More Info@ https://www.futuremarketinsights.com/reports/automotive-composite-leaf-springs-market

About Future Market Insights (FMI)

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.