According to the recent study the low density SMC market is projected to reach an estimated $910.1 million by 2027 from $478.0 million in 2021, at a CAGR of 11.3% from 2021 to 2027. Growth in this market is primarily driven by automotive production and increasing use of lightweight materials in different automotive applications.
Browse 90 figures /
charts and 122 tables in this 192 -page report to understand trends,
opportunities and forecast in low density SMC market by automotive application
(deck lids, fenders, bumpers, hoods, body panels and others), fiber type (glass
fiber and carbon fiber), resin type (polyester, vinyl ester and epoxy), and
region (North America, Europe, Asia Pacific and the Rest of the World).
Download sample report by clicking
on below link
https://www.lucintel.com/low-density-smc-market.aspx
“Hood market is expected to remain the largest segment during the
forecast period.”
Based on automotive
application, the low density SMC market is segmented into deck lids, fenders,
bumpers, hoods, body panels and others. Lucintel forecasts that the hood market
is expected to remain the largest segment due to increasing demand for
lightweight and non-corrosive materials.
“Within the low density SMC market, the glass fiber segment is
expected to remain the largest fiber type.”
Based on fiber type the glass
fiber segment is expected to witness the highest growth over the forecast
period due to its properties like high strength/weight, phenomenal impact
resistance, good electrical properties, resistance to moisture, and excellent
outdoor weathering.
“Europe will dominate the low density SMC market in near future.”
Europe is expected to
remain the largest region and witness the highest growth over the forecast
period due to due to higher acceptance level of composites materials and growth
in automotive automotive application.
Download Brochure of this report by clicking on https://www.lucintel.com/low-density-smc-market.aspx.
Major players of low
density SMC market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Core Molding
Technologies, Continental Structural Plastics, IDI Composites International,
Polynt SPA, Premix Inc., and Menzolit GmbH are among the major low density SMC
providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or click on this link https://www.lucintel.com/low-density-smc-market.aspx or helpdesk@lucintel.com.
About Lucintel
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Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
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Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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