The global sheet moulding compound market is expected to grow at a CAGR of 5.5% during 2014-2019 according to a new report form management consulting and market research firm Lucintel.
Sheet moulding compound or sheet moulding composite is a ready to mould glass-fibre reinforced polyester material primarily used in compression moulding. The sheet is provided in rolls weighing up to 1000kg. The major driver of the sheet moulding compound market is the increasing focus on lightweight materials in the automotive industry to achieve fuel efficiency.…
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