According to a market report by Lucintel, the future of the global low density SMC (Sheet Molding Compound) market looks promising with opportunities in various hoods, deck lids, fenders, bumpers, and body panel applications. The global low density SMC market is expected to grow with a CAGR of 3% from 2025 to 2035. The major drivers for this market are growth in automotive production and increasing use of lightweight materials in different automotive applications.
A more
than 150-page report to understand trends, opportunity and forecast in global low
density SMC (Sheet Molding Compound) market to 2035 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.
Download
sample by clicking on low density SMC
(Sheet Molding Compound) 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, Teijin Limited, IDI Composites International, Polynt
Group, Menzolit GmbH are the major suppliers in the low density SMC (Sheet Molding Compound) 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. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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