Middle East & Africa Sheet Molding Compound And Bulk Molding Compound Market Size & Outlook
The sheet molding compound and bulk molding compound market in Middle East & Africa is expected to reach a projected revenue of US$ 416.2 million by 2030. A compound annual growth rate of 5.4% is expected of Middle East & Africa sheet molding compound and bulk molding compound market from 2024 to 2030.
Revenue, 2023 (US$M)
$288.0
Forecast, 2030 (US$M)
$416.2
CAGR, 2024 - 2030
5.4%
Report Coverage
Middle East & Africa
Related Markets
MEA sheet molding compound and bulk molding compound market highlights
- The MEA sheet molding compound and bulk molding compound market generated a revenue of USD 288.0 million in 2023.
- The market is expected to grow at a CAGR of 5.4% 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.
MEA data book summary
| Market revenue in 2023 | USD 288.0 million |
| Market revenue in 2030 | USD 416.2 million |
| Growth rate | 5.4% (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, MEA region accounted for 7.5% 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 Scope
Sheet molding compound and bulk molding compound market segmentation & scope
Fiber Type
Glass Fiber
Carbon Fiber
Application
Automotive & Transportation
Aerospace
Electrical & Electronics
Building & Construction
Domestic Appliances
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
China
India
Japan
Australia
South Korea
Brazil
Argentina
South Africa
Saudi Arabia
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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