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The future of the global sheet molding compound (SMC) market looks good with opportunities in the transportation, electrical & electronics, and construction industries. The global SMC market is expected to decline in 2025 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 $3.3 billion by 2025 with a CAGR of 2% to 4% from 2025 to 2025. The major growth drivers for this market are increasing use of lightweight materials in transportation, and performance benefits, such as lower corrosion in construction and higher thermal resistance in E&E industries.
Emerging trends which have a direct impact on the dynamics of the SMC industry include the increasing penetration of carbon fiber-based SMC, development of low density SMC, and introduction of Direct-SMC.
A total of 142 figures / charts and 97 tables are provided in this 206 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this SMC market report, download the report brochure.