How Big is the Sheet Molding Compound Market | Insights, Forecast & Trends 2025

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Code: MTA8916

Publication Date: Sep 2025

What is the size of Sheet Molding Compound Market?

According to 6Wresearch internal database and industry insights, the Sheet Molding Compound Market was estimated at USD 3.1 billion in 2024 and is projected to reach USD 5.4 billion by 2031, expanding at a CAGR of 8.1% during the forecast period 2025-2031.

The rising demand from automotive and construction sectors, increasing use of lightweight materials, and growing adoption in electrical and energy industries, along with advancements in composite manufacturing technologies are driving the market growth.

Key Growth Drivers of the Sheet Molding Compound Market

The adoption of lightweight composite materials in automotive industry is increasing
The demand is rising for corrosion-resistant and durable building materials
Expansion of energy and electrical sectors with advanced applications
Technological innovations in manufacturing processes
Rising adoption in aerospace and industrial applications

Sheet Molding Compound Market Trends

Sheet Molding Compound Market is witnessing significant growth with notable trends such as rising demand for lightweight and fuel-efficient automotive components. Increasing applications in construction for durable and weather-resistant products are supporting market expansion. The adoption of sheet molding compounds in electrical equipment and renewable energy applications is accelerating. Further, advancements in molding technology and increasing preference for sustainable and recyclable composites are shaping the market. Moreover, automotive OEMs are increasingly shifting towards high-performance sheet molding compounds for cost-effective solutions.

Emerging Developments in the Sheet Molding Compound Market

Sheet Molding Compound Market is advancing with developments in high-strength and lightweight formulations to meet the needs of automotive and aerospace industries. Ongoing R&D is focusing on improving fire resistance, surface finish, and recyclability of sheet molding compounds. Partnerships between material suppliers and automotive manufacturers are expanding for next-generation composite applications. Increasing focus on renewable and bio-based resins in sheet molding compounds is enhancing sustainability. Additionally, innovation in processing techniques and automation is further boosting production efficiency and adoption across industries.