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Low Density SMC Market Report: Trends, Forecast and Competitive Analysis

Low Density SMC Market Report: Trends, Forecast and Competitive Analysis

  • August 2020
  • 197 pages
  • ID: 5790525
  • Format: PDF
  • Lucintel

Summary

Table of Contents

Trends, opportunities and forecast in low density SMC market to 2025 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 region (North America, Europe, Asia Pacific and the Rest of the World)

The future of the 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 (Sheet Molded Compound) market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated with a CAGR of 6% to 8% from 2020 to 2025. The major drivers for this market are growth in automotive production and increasing use of lightweight materials in different automotive applications.
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.

low density SMC

Low density SMC opportunities have evolved through number of stages as presented in figure below:
Evolution of Automotive Suspension Technologies

low density SMC

In this market, hood is the largest application of global low density SMC, whereas glass fiber is largest in fiber type. Growth in various segments of the low density SMC market are given below:
Low Density SMC Market by Segments

low density SMC

The study includes the low density SMC market size and forecast for the low density SMC market through 2025,segmented by automotive application, fiber type, resin type, and region as follows:

Low Density SMC Market by Automotive Application [Volume (kt) and Value ($ Million) from 2014 to 2025]:
HoodsDeck lidsFendersBumpersBody panels & Others

Low Density SMC Market by resin type [Volume (kt) and Value ($ Million) from 2014 to 2025]:
PolyesterEpoxyVinyl Ester

Low Density SMC Market by fiber type [Volume (kt) and Value ($ Million) from 2014 to 2025]:
Glass Fiber Carbon Fiber

Low Density SMC Market by Region [Volume (kt) and Value ($ Million) from 2014 to 2025]:
North America EuropeAPAC ROW
Some of the low density SMC companies profiled in this report include Polynt, Continental Structural Plastics, Core Molding Technology, Menzolit, and IDI Composites and others.

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.

The analyst 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.

Some of the features of this report:
Market size estimates: Low density SMC market size estimation in terms of value ($M) and volume (KT) shipment.
Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by end use and use industry.
Segmentation analysis: Low density SMC market size by automotive application, fiber type, and resin type in terms of value and volume shipment.
Regional analysis: Low density SMC market breakdown by key regions such as North America, Europe, and Asia & Rest of World.
Growth opportunities: Analysis on growth opportunities in different applications and regions in the low density SMC market.
Strategic analysis: This includes M&A, new product development, and competitive landscape in the low density SMC market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

This report answers following 11 key questions:
Q.1.
How big the opportunities for 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 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 region 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 this low density SMC (Low Density SMC Market, Low Density Sheet Moulding Compound (SMC) Market, Low Density Sheet Moulding Compound Market) market?
Q.5. What are the business risks and threats to the low density SMC (Low Density SMC Market, Low Density Sheet Moulding Compound (SMC) Market, Low Density Sheet Moulding Compound Market) market?
Q.6 What are emerging trends in this low density SMC (Low Density SMC Market, Low Density Sheet Moulding Compound (SMC) Market, Low Density Sheet Moulding Compound Market) market and the reasons behind them?
Q.7 What are some changing demands of customers in the low density SMC (Low Density SMC Market, Low Density Sheet Moulding Compound (SMC) Market, Low Density Sheet Moulding Compound Market) market?
Q.8.
What are the new developments in the low density SMC (Low Density SMC Market, Low Density Sheet Moulding Compound (SMC) Market, Low Density Sheet Moulding Compound Market) market and which companies are leading these developments?
Q.9. Who are the major players in this low density SMC (Low Density SMC Market, Low Density Sheet Moulding Compound (SMC) Market, Low Density Sheet Moulding Compound Market) market? What strategic initiatives are being taken by key companies for business growth?
Q.10 What are some of the competitive products and processes in this low density SMC (Low Density SMC Market, Low Density Sheet Moulding Compound (SMC) Market, Low Density Sheet Moulding Compound Market) area and how big of a threat do they pose for loss of market share via material or product substitution?

Report Scope

Key Features Description
Base Year for Estimation 2019
Trend Period
(Actual Estimates) 2014-2019
Forecast Period 2020-2025
Pages 197
Market Representation / Units Revenue in US $ Billion and Volume in Million Units
Report Coverage Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger Acquisitions & Joint Venture, and Company Profiling

Market Segments By automotive application (deck lids, fenders, bumpers, hoods and body panels & others), By fiber type (glass fiber and carbon fiber), and By resin type (polyester, vinyl ester and epoxy)
Regional Scope North America, Europe, Asia Pacific, and RoW
Customization 10% Customization Without any Additional Cost

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