According to a new market report published by Lucintel, the future of the global low density SMC (Sheet Molded Compound) market looks promising with opportunities in various automotive applications, such as hoods, deck lids, fenders, bumpers, and body panels. The global low density SMC market is expected to grow with a CAGR of 8.4% from 2019 to 2024. The major drivers for this market are growth in automotive production and increasing use of lightweight materials in different automotive applications.
Browse 90 market data tables and 122 figures spread through 197 pages and in-depth TOC on “Global Low Density SMC Market”
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In this market, different types of flooring such as deck lids, fenders, bumpers, hoods and body panels & others are used as application. On the basis of comprehensive research, Lucintel forecasts that the hood will remain the largest application by value and volume and it is also expected to witness the highest growth over the forecast period due to increasing demand for lightweight and non-corrosive materials.
Within this market, glass and carbon fiber are the major reinforcement materials. Glass fiber based low density SMC will remain the largest segment by value and volume. Carbon fiber based low density SMC is expected to witness the highest growth over the forecast period supported by its higher mechanical performance.
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Europe will remain the largest region by value and volume and it is also expected to witness the highest growth over the forecast period due to higher acceptance level of composites materials and growth in automotive application.
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An emerging trend, which has a direct impact on the dynamics of the low density SMC industry, includes the development of ultra-low density SMC. Polynt, Continental Structural Plastics, Core Molding Technology, Menzolit, and IDI Composites and others are among the major low density SMC manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global low density SMC market by automotive application, fiber type, resin type, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Low Density SMC Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global low density SMC market by automotive application, fiber type, resin type, and region as follows:
By Automotive Application [Volume (kt) and Value ($ Million) from 2013 to 2024]:
- Deck lids
- Body panels & Others
By Resin Type [Volume (kt) and Value ($ Million) from 2013 to 2024]:
- Vinyl Ester
By Fiber Type [Volume (kt) and Value ($ Million) from 2013 to 2024]:
- Glass Fiber
- Carbon Fiber
By Region [Volume (kt) and Value ($ Million) from 2013 to 2024]:
- North America
- Asia Pacific
- The Rest of the World
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This 197-page 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 click on this link https://www.lucintel.com/low-density-smc-market.aspx or [email protected].
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global low density SMC market by automotive application (deck lids, fenders, bumpers, hoods and body panels & others), fiber type (glass fiber and carbon fiber,), resin type (polyester, vinyl ester and epoxy), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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