Lucintel Forecasts Low Density Smc Market To Reach $537 Million By 2028

By Author: Lucintel LLC
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According to the recent study the low density SMC market is projected to reach an estimated $537 million by 2028 from $390 million in 2022 at a CAGR of 5.5% from 2022 to 2028. 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).
“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.
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“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.
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 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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