New Research: Lucintel Predicts a Bright Future for the Low Density SMC Market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities in the Global Low Density SMC Industry”?

This market report for low density SMC identifies and predicts future opportunities for growth in global low density SMC industry for various segments as well as for various regions such as North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for low density SMC in the automotive applications, such as hoods, deck lids, fenders, bumpers, and body panels.

According to Lucintel’s market report, the global low density SMC market is expected to grow with a CAGR of 8.4% from 2019 to 2024. Some of the dominant players in the global low density SMC market are Polynt, Continental Structural Plastics, Core Molding Technology, Menzolit, and IDI Composites and others.

There are some interesting developments in global low density SMC market as competition heats up and players try to increase their market share. Some of the emerging trends shaping the market dynamics include the development of ultra-low density SMC.

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