Global Sheet Moulding Composites Market Overview
The global Sheet Moulding Composites (SMC) market was valued at USD xxxx units in 2025 and is expected to reach USD xxxx units by 2036, growing at a CAGR of xx% during the forecast period from 2026 to 2036. Market growth is driven by the increasing adoption of lightweight, high-strength composite materials across automotive, electrical & energy, construction, and industrial applications.
Sheet moulding composites are fiber-reinforced thermoset materials known for their excellent strength-to-weight ratio, design flexibility, corrosion resistance, and dimensional stability. These characteristics make SMCs an attractive alternative to metals and traditional plastics, particularly in applications requiring complex shapes, mass production efficiency, and enhanced performance.
The Global Sheet Moulding Composites Market Report 2025 provides an extensive evaluation of market size, production trends, technological advancements, material innovations, and competitive dynamics. The research incorporates both primary and secondary data to assess regulatory influences, industry standards, supply chain developments, and evolving end-use requirements shaping the global market.
Impact of COVID-19 on the Sheet Moulding Composites Market
The COVID-19 pandemic had a negative impact on the sheet moulding composites market in 2020 due to disruptions in automotive production, construction delays, and temporary shutdowns of manufacturing facilities. Supply chain interruptions and reduced capital expenditure further constrained market demand.
However, post-pandemic recovery has been supported by the rebound of automotive manufacturing, renewed infrastructure investments, and increased demand for lightweight and durable materials. The shift toward electric vehicles and energy-efficient construction has also contributed to the recovery and long-term growth of the SMC market.
Global Sheet Moulding Composites Market Segmentation
By Type
General purpose SMCs account for a significant share due to broad applicability and cost efficiency. Flame-resistant and electronic insulator types are witnessing growing demand from electrical, energy, and transportation sectors, while corrosion-resistant grades are increasingly used in construction and industrial environments.
By Application
The automotive segment represents the largest application area, driven by lightweighting initiatives, emission reduction targets, and electric vehicle production. Electrical & energy applications are expanding due to demand for insulation, safety, and thermal stability.
Regional Analysis
North America shows stable demand supported by automotive innovation, electric vehicle adoption, and infrastructure upgrades. Europe remains a key market due to stringent emission regulations, advanced composite manufacturing, and strong automotive and construction sectors. Asia-Pacific is the fastest-growing region, driven by rapid industrialization, expanding automotive production, and increasing investments in infrastructure and energy. South America experiences moderate growth linked to construction and industrial development. The Middle East & Africa market is gradually expanding, supported by infrastructure projects and energy sector investments.
Key Players in the Sheet Moulding Composites Market
The global sheet moulding composites market is competitive and moderately fragmented, with manufacturers focusing on material innovation, capacity expansion, and application-specific solutions.
Key market participants include IDI Composites International, Magna, Menzolit, Continental Structural Plastics, Premix, Polynt, Molymer SSP, ASTAR, Core Molding Technologies, Lorenz, MCR, Huamei New Material, Yueqing SMC & BMC, Tianma Group, Jiangshi Composite, Huayuan Group, BI-GOLD New Material, Changzhou Rixin, DIC, East China Sea Composite Materials, Fangda Thermoset Plastic, SIDA Composites, Fu Runda Group, and Devi Polymers.
Porter’s Five Forces Analysis
The threat of new entrants is moderate due to capital investment requirements, technical expertise, and customer qualification barriers. Supplier bargaining power is low to moderate, supported by diversified availability of resins and fibers. Buyer bargaining power is moderate to high, as large automotive and industrial buyers negotiate pricing and specifications. The threat of substitutes is moderate, with metals and alternative composites competing in select applications. Competitive rivalry is high, driven by pricing pressure, performance differentiation, and global capacity expansion.
SWOT Analysis
Strengths include lightweight properties, design flexibility, corrosion resistance, and suitability for high-volume production. Weaknesses include higher material costs compared to conventional plastics and dependence on thermoset processing. Opportunities lie in electric vehicle growth, renewable energy infrastructure, and advanced construction materials. Threats include raw material price volatility, recycling challenges, and competition from alternative lightweight materials.
Market Trends
Key trends include rising adoption of SMCs in electric and hybrid vehicles, increased demand for flame-retardant and high-performance grades, development of low-density and recyclable SMC formulations, and greater automation in moulding and processing technologies.
Market Drivers and Challenges
Major drivers include automotive lightweighting requirements, growth in electrical and energy infrastructure, and demand for corrosion-resistant construction materials. Challenges include environmental regulations on thermoset composites, recycling limitations, and sensitivity to raw material price fluctuations.
Value Chain Analysis
The sheet moulding composites value chain consists of raw material supply, resin formulation, fiber impregnation, sheet compounding, moulding and fabrication, finishing, and end-use application. Manufacturers focus on formulation optimization, production efficiency, and close collaboration with OEMs to meet application-specific performance requirements.
Market Outlook
The global sheet moulding composites market is expected to witness steady growth through 2036, supported by expanding automotive production, electrification trends, and increasing use of advanced composites in construction and energy sectors. Asia-Pacific will remain the fastest-growing region, while North America and Europe will continue to drive innovation and high-value application demand. Competitive advantage will depend on material performance, cost efficiency, sustainability initiatives, and long-term partnerships with end-use industries.
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1. Market Overview of Sheet Moulding Composites
1.1 Sheet Moulding Composites Market Overview
1.1.1 Sheet Moulding Composites Product Scope
1.1.2 Market Status and Outlook
1.2 Sheet Moulding Composites Market Size by Regions:
1.3 Sheet Moulding Composites Historic Market Size by Regions
1.4 Sheet Moulding Composites Forecasted Market Size by Regions
1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth
1.5.1 North America
1.5.2 East Asia
1.5.3 Europe
1.5.4 South Asia
1.5.5 Southeast Asia
1.5.6 Middle East
1.5.7 Africa
1.5.8 Oceania
1.5.9 South America
1.5.10 Rest of the World
1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
1.6.1 Covid-19 Impact: Global GDP Growth, 2019, 2020 and 2025 Projections
1.6.2 Covid-19 Impact: Commodity Prices Indices
1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Sheet Moulding Composites Sales Market by Type
2.1 Global Sheet Moulding Composites Historic Market Size by Type
2.2 Global Sheet Moulding Composites Forecasted Market Size by Type
2.3 General Purpose Type
2.4 Flame Resistance Type
2.5 Electronic Insulators Type
2.6 Corrosion Resistance Type
2.7 Other Types
3. Covid-19 Impact Sheet Moulding Composites Sales Market by Application
3.1 Global Sheet Moulding Composites Historic Market Size by Application
3.2 Global Sheet Moulding Composites Forecasted Market Size by Application
3.3 Automotive
3.4 Electrical & Energy
3.5 Construction
3.6 Others
4. Covid-19 Impact Market Competition by Manufacturers
4.1 Global Sheet Moulding Composites Production Capacity Market Share by Manufacturers
4.2 Global Sheet Moulding Composites Revenue Market Share by Manufacturers
4.3 Global Sheet Moulding Composites Average Price by Manufacturers
5. Company Profiles and Key Figures in Sheet Moulding Composites Business
5.1 IDI Composites International
5.1.1 IDI Composites International Company Profile
5.1.2 IDI Composites International Sheet Moulding Composites Product Specification
5.1.3 IDI Composites International Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
5.2 Magna
5.2.1 Magna Company Profile
5.2.2 Magna Sheet Moulding Composites Product Specification
5.2.3 Magna Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
5.3 Menzolit
5.3.1 Menzolit Company Profile
5.3.2 Menzolit Sheet Moulding Composites Product Specification
5.3.3 Menzolit Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
5.4 Continental Structural Plastics
5.4.1 Continental Structural Plastics Company Profile
5.4.2 Continental Structural Plastics Sheet Moulding Composites Product Specification
5.4.3 Continental Structural Plastics Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
5.5 Premix
5.5.1 Premix Company Profile
5.5.2 Premix Sheet Moulding Composites Product Specification
5.5.3 Premix Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
5.6 Polynt
5.6.1 Polynt Company Profile
5.6.2 Polynt Sheet Moulding Composites Product Specification
5.6.3 Polynt Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
5.7 Molymer SSP
5.7.1 Molymer SSP Company Profile
5.7.2 Molymer SSP Sheet Moulding Composites Product Specification
5.7.3 Molymer SSP Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
5.8 ASTAR
5.8.1 ASTAR Company Profile
5.8.2 ASTAR Sheet Moulding Composites Product Specification
5.8.3 ASTAR Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
5.9 Core Molding Technologies
5.9.1 Core Molding Technologies Company Profile
5.9.2 Core Molding Technologies Sheet Moulding Composites Product Specification
5.9.3 Core Molding Technologies Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
5.10 Lorenz
5.10.1 Lorenz Company Profile
5.10.2 Lorenz Sheet Moulding Composites Product Specification
5.10.3 Lorenz Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
5.11 MCR
5.11.1 MCR Company Profile
5.11.2 MCR Sheet Moulding Composites Product Specification
5.11.3 MCR Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
5.12 Huamei New Material
5.12.1 Huamei New Material Company Profile
5.12.2 Huamei New Material Sheet Moulding Composites Product Specification
5.12.3 Huamei New Material Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
5.13 Yueqing SMC & BMC
5.13.1 Yueqing SMC & BMC Company Profile
5.13.2 Yueqing SMC & BMC Sheet Moulding Composites Product Specification
5.13.3 Yueqing SMC & BMC Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
5.14 Tianma Group
5.14.1 Tianma Group Company Profile
5.14.2 Tianma Group Sheet Moulding Composites Product Specification
5.14.3 Tianma Group Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
5.15 Jiangshi Composite
5.15.1 Jiangshi Composite Company Profile
5.15.2 Jiangshi Composite Sheet Moulding Composites Product Specification
5.15.3 Jiangshi Composite Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
5.16 Huayuan Group
5.16.1 Huayuan Group Company Profile
5.16.2 Huayuan Group Sheet Moulding Composites Product Specification
5.16.3 Huayuan Group Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
5.17 BI-GOLD New Material
5.17.1 BI-GOLD New Material Company Profile
5.17.2 BI-GOLD New Material Sheet Moulding Composites Product Specification
5.17.3 BI-GOLD New Material Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
5.18 Changzhou Rixin
5.18.1 Changzhou Rixin Company Profile
5.18.2 Changzhou Rixin Sheet Moulding Composites Product Specification
5.18.3 Changzhou Rixin Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
5.19 DIC
5.19.1 DIC Company Profile
5.19.2 DIC Sheet Moulding Composites Product Specification
5.19.3 DIC Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
5.20 East China Sea composite materials
5.20.1 East China Sea composite materials Company Profile
5.20.2 East China Sea composite materials Sheet Moulding Composites Product Specification
5.20.3 East China Sea composite materials Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
5.21 Fangda Thermoset Plastic
5.21.1 Fangda Thermoset Plastic Company Profile
5.21.2 Fangda Thermoset Plastic Sheet Moulding Composites Product Specification
5.21.3 Fangda Thermoset Plastic Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
5.22 SIDA composites
5.22.1 SIDA composites Company Profile
5.22.2 SIDA composites Sheet Moulding Composites Product Specification
5.22.3 SIDA composites Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
5.23 Fu Runda Group
5.23.1 Fu Runda Group Company Profile
5.23.2 Fu Runda Group Sheet Moulding Composites Product Specification
5.23.3 Fu Runda Group Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
5.24 Devi Polymers
5.24.1 Devi Polymers Company Profile
5.24.2 Devi Polymers Sheet Moulding Composites Product Specification
5.24.3 Devi Polymers Sheet Moulding Composites Production Capacity, Revenue, Price and Gross Margin
6. North America
6.1 North America Sheet Moulding Composites Market Size
6.2 North America Sheet Moulding Composites Key Players in North America
6.3 North America Sheet Moulding Composites Market Size by Type
6.4 North America Sheet Moulding Composites Market Size by Application
7. East Asia
7.1 East Asia Sheet Moulding Composites Market Size
7.2 East Asia Sheet Moulding Composites Key Players in North America
7.3 East Asia Sheet Moulding Composites Market Size by Type
7.4 East Asia Sheet Moulding Composites Market Size by Application
8. Europe
8.1 Europe Sheet Moulding Composites Market Size
8.2 Europe Sheet Moulding Composites Key Players in North America
8.3 Europe Sheet Moulding Composites Market Size by Type
8.4 Europe Sheet Moulding Composites Market Size by Application
9. South Asia
9.1 South Asia Sheet Moulding Composites Market Size
9.2 South Asia Sheet Moulding Composites Key Players in North America
9.3 South Asia Sheet Moulding Composites Market Size by Type
9.4 South Asia Sheet Moulding Composites Market Size by Application
10. Southeast Asia
10.1 Southeast Asia Sheet Moulding Composites Market Size
10.2 Southeast Asia Sheet Moulding Composites Key Players in North America
10.3 Southeast Asia Sheet Moulding Composites Market Size by Type
10.4 Southeast Asia Sheet Moulding Composites Market Size by Application
11. Middle East
11.1 Middle East Sheet Moulding Composites Market Size
11.2 Middle East Sheet Moulding Composites Key Players in North America
11.3 Middle East Sheet Moulding Composites Market Size by Type
11.4 Middle East Sheet Moulding Composites Market Size by Application
12. Africa
12.1 Africa Sheet Moulding Composites Market Size
12.2 Africa Sheet Moulding Composites Key Players in North America
12.3 Africa Sheet Moulding Composites Market Size by Type
12.4 Africa Sheet Moulding Composites Market Size by Application
13. Oceania
13.1 Oceania Sheet Moulding Composites Market Size
13.2 Oceania Sheet Moulding Composites Key Players in North America
13.3 Oceania Sheet Moulding Composites Market Size by Type
13.4 Oceania Sheet Moulding Composites Market Size by Application
14. South America
14.1 South America Sheet Moulding Composites Market Size
14.2 South America Sheet Moulding Composites Key Players in North America
14.3 South America Sheet Moulding Composites Market Size by Type
14.4 South America Sheet Moulding Composites Market Size by Application
15. Rest of the World
15.1 Rest of the World Sheet Moulding Composites Market Size
15.2 Rest of the World Sheet Moulding Composites Key Players in North America
15.3 Rest of the World Sheet Moulding Composites Market Size by Type
15.4 Rest of the World Sheet Moulding Composites Market Size by Application
16 Sheet Moulding Composites Market Dynamics
16.1 Covid-19 Impact Market Top Trends
16.2 Covid-19 Impact Market Drivers
16.3 Covid-19 Impact Market Challenges
16.4 Porter?s Five Forces Analysis
18 Regulatory Information
17 Analyst's Viewpoints/Conclusions
18 Appendix
18.1 Research Methodology
18.1.1 Methodology/Research Approach
18.1.2 Data Source
18.2 Disclaimer
Global Sheet Moulding Composites Market Segmentation
By Type
General purpose SMCs account for a significant share due to broad applicability and cost efficiency. Flame-resistant and electronic insulator types are witnessing growing demand from electrical, energy, and transportation sectors, while corrosion-resistant grades are increasingly used in construction and industrial environments.
By Application
The automotive segment represents the largest application area, driven by lightweighting initiatives, emission reduction targets, and electric vehicle production. Electrical & energy applications are expanding due to demand for insulation, safety, and thermal stability.
Regional Analysis
North America shows stable demand supported by automotive innovation, electric vehicle adoption, and infrastructure upgrades. Europe remains a key market due to stringent emission regulations, advanced composite manufacturing, and strong automotive and construction sectors. Asia-Pacific is the fastest-growing region, driven by rapid industrialization, expanding automotive production, and increasing investments in infrastructure and energy. South America experiences moderate growth linked to construction and industrial development. The Middle East & Africa market is gradually expanding, supported by infrastructure projects and energy sector investments.
Key Players in the Sheet Moulding Composites Market
The global sheet moulding composites market is competitive and moderately fragmented, with manufacturers focusing on material innovation, capacity expansion, and application-specific solutions.
Key market participants include IDI Composites International, Magna, Menzolit, Continental Structural Plastics, Premix, Polynt, Molymer SSP, ASTAR, Core Molding Technologies, Lorenz, MCR, Huamei New Material, Yueqing SMC & BMC, Tianma Group, Jiangshi Composite, Huayuan Group, BI-GOLD New Material, Changzhou Rixin, DIC, East China Sea Composite Materials, Fangda Thermoset Plastic, SIDA Composites, Fu Runda Group, and Devi Polymers.
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