Thermoset Molding Compound Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opp
Thermoset Molding Compound Market to grow at a CAGR of 4.9% during 2021-2026 to reach the figure of US$ 4.6 Billion in 2026. Thermoset molding compounds include sheet molding compound (SMC) and bulk molding compound (BMC). Most applications where SMCs and BMCs are deployed are different in nature. BMCs are more preferred in developing small-sized complex parts, mainly through the injection molding process, whereas SMCs are more preferred in large-sized parts that are less complex in nature.