According to the recent study the low density SMC market is projected to reach an estimated $510 million by 2030 from $391 million in 2023 at a CAGR of 4% from 2023 to 2030. 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).
Lucintel forecasts that
hood will remain the largest automotive application and is also expected to
witness the highest growth over the forecast period due to increasing demand
for lightweight and non-corrosive materials. Hood is expected to witness the
highest growth over the forecast period.
Glass fiber will remain
the largest segment 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.
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low density SMC market
North America is
expected to remain the largest region over the forecast period due to higher
acceptance level of composites materials and growth in automotive application.
APAC is expected to witness highest growth over the forecast period.
Core Molding
Technologies, Continental Structural Plastics, IDI Composites International,
Polynt SPA, Premix Inc., and Menzolit GmbH are the major suppliers in the low
density SMC market.
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 write us at helpdesk@lucintel.com
About Lucintel
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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