Lucintel Forecasts Low Density Smc Market To Reach $510 Million By 2030

By Author: Lucintel LLC
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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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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
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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