- The sheet molding compound is a glass-fibre reinforced polyester material ready to be molded, which is primarily used in compression molding. It is generally used for larger components where greater mechanical strength is required.
- A fibre reinforced thermoset material is a sheet molding compound. The most important advantage of sheet moulding compound is its light weight when compared to other substances, such as metals and even other polyesters such as bulk molding compound.
- Asia-Pacific dominates the Sheet Molding Compound (SMC) Market with the largest revenue share of 38.21% in 2024, characterized by robust automotive manufacturing and infrastructure development in countries like China, Japan, and India.
- Asia-Pacific is expected to be the fastest growing region in the Sheet Molding Compound (SMC) Market during the forecast period due to rapid urbanization, increasing automotive production, and government initiatives promoting sustainable materials
- The glass fiber reflective films segment is expected to dominate the Sheet Molding Compound (SMC) Market with a market share of 63.4% in 2024, driven by its cost-effectiveness, high mechanical strength, and compatibility with various resins
