The Europe SMC BMC market is growing along with the Chemicals and Materials industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
The Sheet moulding compound (SMC) or sheet-forming compound is a ready-to-mold glass fiber reinforced polyester material used primarily in compression molding. The sheet is provided in rolls weighing up to 1000 kg. Alternatively, the resin and related materials can be mixed on site when a manufacturer wants greater control over the chemistry and filler.
Bulk moulding compound, bulk casting compound, or dough casting compound, is a thermoset polymer material reinforced with ready-to-mold glass fibers, used mainly in compression molding, as well as in injection molding and transfer.
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COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then it has spread across the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst affected countries in terms of positive cases and confirmed deaths as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The overall market breakdown due to COVID-19 is also affecting the growth of the SMC BMC market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.
These factors are expected to offer broad growth opportunities in the Chemicals and Materials industry and this is expected to cause the demand for SMC BMC assays in the market.
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- ASTAR S.A.
- Core Molding Technologies
- IDI Composites International
- Toray TCAC Holding B.V.
- SHOWA DENKO K.K.
- HGGC, LLC.
- Continental Structural Plastics Inc.
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