Asia Pacific Sheet Molding Compound And Bulk Molding Compound Market Size & Outlook
The sheet molding compound and bulk molding compound market in Asia Pacific is expected to reach a projected revenue of US$ 3,973.9 million by 2030. A compound annual growth rate of 7.2% is expected of Asia Pacific sheet molding compound and bulk molding compound market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,440.0
Forecast, 2030 (US$M)
$3,973.9
CAGR, 2024 - 2030
7.2%
Report Coverage
Asia Pacific
Related Markets
Asia Pacific sheet molding compound and bulk molding compound market highlights
- The Asia Pacific sheet molding compound and bulk molding compound market generated a revenue of USD 2,440.0 million in 2023.
- The market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
- In terms of segment, polyester was the largest revenue generating resin type in 2023.
- Polyester is the most lucrative resin type segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 2,440.0 million |
| Market revenue in 2030 | USD 3,973.9 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Polyester |
| Fastest growing segment | Polyester |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyester |
| Key market players worldwide | IDI Composites International, Inc., National Composites, Menzolit, Polynt, Teijin Ltd, Toray Industries Inc, Mitsui Chemicals Inc, Core Molding Technologies, Devi Polymers, Resonac Holdings Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 63.5% of the global sheet molding compound and bulk molding compound market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,973.9 million by 2030.
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Sheet Molding Compound And Bulk Molding Compound Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Devi Polymers | View profile | 11-50 | Chennai, Tamil Nadu, India, Asia | https://www.devipolymers.com |
| Core Molding Technologies | View profile | 1001-5000 | Columbus, Ohio, United States, North America | http://coremt.com |
| Menzolit | View profile | 51-100 | Burnley, Lancashire, United Kingdom, Europe | https://menzolit.com |
| National Composites | View profile | 51-100 | Troy, Michigan, United States, North America | https://nationalcomposites.com |
| Polynt | View profile | 1001-5000 | Bergamo, Lombardia, Italy, Europe | http://www.polynt.com |
| IDI Composites International, Inc. | View profile | 251-500 | Noblesville, Indiana, United States, North America | http://idicomposites.com |
| Resonac Holdings Corp | View profile | 23840 | 1-9-1, Higashi-Shimbashi, Tokyo Shiodome Building, Minato-ku, Tokyo, Japan, 105-7325 | https://www.resonac.com |
| Mitsui Chemicals Inc | View profile | 18933 | 1-5-2, Higashi-Shimbashi, Shiodome City Center, Minato-ku, Tokyo, Japan, 105-7122 | http://group.mitsuichemicals.com |
| Teijin Ltd | View profile | 24499 | 6-7, Minami Hommachi 1-chome, Chuo-ku, Osaka, Japan, 541-8587 | http://www.teijin.co.jp |
| Toray Industries Inc | View profile | 48682 | Nihonbashi Mitsui Tower 2-1-1, Nihonbashi Muromach, Chuo-ku, Tokyo, Japan, 103-8666 | http://www.toray.co.jp |
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