• Blog
  • x

    We are working from home under lockdown. Our team is continuously tracking the impact of COVID-19 across different industries and we will incorporate those insights in our reports. For any specific query, mail us at [email protected]

    Low Density SMC (sheet Molding Compound) Market | Covid-19 Impact Analysis

    Low Density SMC (sheet Molding Compound) Market | Covid-19 Impact Analysis

    Low Density SMC (sheet Molding Compound) Market | Covid-19 Impact Analysis
    Report code - SRAM486 Delivery - 2 Weeks
    Low-Density SMC (Sheet Molding Compound) Market Size, Share, Trend, Forecast, & Indust See more...
    Purchase Report
    notch

    Impact of COVID-19 on Low Density SMC (sheet Molding Compound) Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Low Density SMC (sheet Molding Compound) Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Low-Density SMC Market Insights

    Low-density SMC market is likely to witness an impressive CAGR of 8.2% during the forecast period. The prime factor that is contributing to the demand for low-density SMC is its increasing penetration in automotive in order to make the vehicle lightweight and enhance fuel efficiency. Low-density SMC parts offer 30 to 55% weight saving as compared to steel parts and up to 15 to 35% weight saving as compared to the standard density SMC parts. Besides, this low-density SMC offers corrosion resistance, improved NVH performances, and resistance against denting. It also minimizes tooling cost through part integration.

    Low-Density SMC Market - Snapshot

    Growth

    8.2% for the next five years

    Major Resin Type

    Polyester

    Dominant Fiber Type

    Glass Fiber

    Dominant Automotive Application Type

    Hood

    Region with the highest demand

    Europe

    Key Players

    AOC Aliancys, Ashland Global Holdings Inc., ASTAR S.A., Changzhou JLON Composite Co. Ltd., Continental Structural Plastics, Core Molding Technologies, IDI Composites International, Menzolit GmbH, Polynt SpA, Premix Inc., and others.

     

    Market Share Analysis

    Low-Density-SMC-Market-Dominant-Segments

    Wish to Get a Free Sample? Register Here

    Low-Density SMC Market Share: By Resin Type

    Based on the resin type, the market is segmented as polyester, vinyl ester, and epoxy. Polyester-based low-density SMC dominated the market in 2019, and is expected to remain dominant during the forecast period. It provides good corrosion resistance, chemical resistance, and dimensional stability at a lower cost compared to epoxy and vinyl ester resin-based SMCs. Polyester resins are easy to work with and easier to shape contrary to other resins.

    Low-Density SMC Market Share: By Fiber Type

    Based on the fiber type, the low-density SMC market is segmented as glass fiber and carbon fiber. Glass fiber reinforced low-density SMC accounts for the larger share as glass fibers are comparatively cheap than carbon fiber. Glass fiber reinforced epoxy SMCs provide similar strength to carbon fiber with almost 50% less manufacturing cost.

    Low-Density SMC Market Share: By Automotive Application Type

    Based on the automotive application type, the low-density SMC market is segmented as hood, deck lid, fender, bumper, body panel, and others. Hood is expected to dominate the market during the forecast period. Large Class A parts such as hood, tailgate, deck lid are expected to be manufactured using low-density SMC to meet the OEMs’ desire to achieve a coordinated look, texture, grade of gloss and color intensity. Under hood SMC components along with single or multipiece pickup truck boxes is expected to drive the uses of low-density SMC market during the forecast period.

    Low-Density SMC Market Share: By Region

    In terms of regions, Europe is estimated to remain the largest market during the forecast period driven by the mandate from the European Union to cut their average fleet emissions. Increasing adoption of low-density SMCs in place of metals and standard SMCs is expected to fuel the demand for low-density SMC in the region.

    Low-Density-SMC-Market-By-Region

    Know which region offers best growth opportunities. Register Here

    Some of the major low-density SMC manufacturers are-

    • AOC Aliancys
    • Ashland Global Holdings Inc.
    • ASTAR S.A.
    • Changzhou JLON Composite Co. Ltd.
    • Continental Structural Plastics
    • Core Molding Technologies
    • IDI Composites International
    • Menzolit GmbH
    • Polynt SpA
    • Premix Inc.
    • others

     

    Market Scope & Segmentation

    Low-density SMCs are fiber reinforced materials of varying lengths which can be customized for individual applications. They have proved themselves as versatile reinforced plastics in painted or unpainted automotive components such as high temperature under hood parts, bumpers, fenders, exterior and interior panels, and structural parts. These are available for two types of applications; parts that require Class A paintable finish and structural parts that require high strength & stiffness but not appearance critical.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Low-Density SMC Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The low-density SMC market is segmented into the following categories. 

    Low-Density SMC Market Size, Share, & Forecast, by Resin Type:

    • Polyester (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Vinyl Ester (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Epoxy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Low-Density SMC Market Size, Share, & Forecast, by Fiber Type:

    • Glass Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Carbon Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Low-Density SMC Market Size, Share, & Forecast, by Automotive Application Type:

    • Deck Lid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Fender (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Bumper (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Hood (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Body Panel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Low-Density SMC Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Low-Density-SMC-Market-Segmentation

    Want to know the most attractive market segments? Register Here

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the resin types by automotive application type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

     


    Frequently Asked Questions (FAQs)

    What will be the growth of Low-Density SMC Market in the foreseeable future?

    The low-density SMC market is expected to witness an impressive growth of 8.2% CAGR in the foreseeable future.

    Who are the key players in the Low-Density SMC Market?

    AOC Aliancys, Ashland Global Holdings Inc., ASTAR S.A., Changzhou JLON Composite Co. Ltd., Continental Structural Plastics, Core Molding Technologies, IDI Composites International, Menzolit GmbH, Polynt SpA, Premix Inc., and others are among the key players in the low-density SMC market.

    Which country/region is expected to remain the largest Low-Density SMC Market?

    Europe is expected to remain the largest low-density SMC market during the next five years.

    Which resin type is expected to remain dominant in the Low-Density SMC Market?

    Polyester-based low-density SMC is expected to remain dominant in the low-density SMC market in the coming years.

    •   

      Why are We Class Apart?

      Advanced Materials Offer Next Growth Wave

      We Specialize in Composites & other Materials Market Research

      >60% of the First Buyers Come Back to Us

      >95% Client Satisfaction Ratio, the Industry's Highest

      Clients Across the Value Chain

      Track the Latest Trends in Advanced Materials

      Know High Growth Opportunities


       

    FREE SAMPLE