Top 10 Companies in the Electrical Sheet Molding Compound (SMC) Industry (2025): Market Leaders Powering Global Innovation

In Business Insights
August 05, 2025

The Global Electrical Sheet Molding Compound (SMC) Market was valued at USD 2.47 Billion in 2023 and is projected to reach USD 3.89 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period (2024-2030). This growth is driven by increasing demand for lightweight materials in automotive and electrical applications, along with stringent environmental regulations pushing for sustainable composite solutions.

As industries transition toward high-performance, eco-friendly materials, SMC manufacturers are leading this transformation with advanced formulations and innovative applications. In this blog, we profile the Top 10 Companies in the Electrical SMC Industry—key players shaping the future of composite materials across global markets.


🔟 1. IDI Composites International

Headquarters: Noblesville, Indiana, USA
Key Offering: High-performance SMC for electrical and automotive applications

IDI Composites International is a global leader in SMC manufacturing, specializing in flame-retardant and electrically insulating compounds. Their products are widely used in electric vehicle components, switchgear, and power distribution systems.

Innovation Highlights:

  • Pioneered UL 94 V-0 rated SMC formulations
  • Developed dielectric-grade SMC for high-voltage applications
  • Investing in recycled content SMC solutions

Download FREE Sample Report: https://www.24chemicalresearch.com/download-sample/272794/global-electrical-sheet-molding-compound-market-2024-2030-818


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javascript
function createMachine(config) {
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const states = config.states;

return {
getState: () => currentState,

transition(event) {
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}

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– 監 with JSX: More VC’d approach, integrates with React ecosystem
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– Development team familiarity
– Existing tech stack
– Tooling requirements
– Future maintainability considerations

Both can correctly model the ein machine’s logic – the JSX syntax mainly provides a more declarative way to express the relationships.

Would you like me to elaborate flesh粽 any particular aspect of either approach?