According to a market report by Lucintel, the future of the global low density SMC (Sheet Molding Compound) intermediate material 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% 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 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.
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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 [email protected] to get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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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: [email protected]
Tel. +1-972-636-5056
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