Sheet Molding Compound Market Size, Share, Trend, Forecast
March 11, 2022 ⚊ 1 Min read ⚊ Views 109 ⚊ BUSINESS
However, the withering weather started scattering with the appearance of clean sky showering full of shines. All the major SMC manufacturers are recording a recovery from 2021 onwards. However, some macro factors, such as semiconductor shortage, paired with the emergence of new variants, are tremoring the path of recovery. Based on a large number of primary interviews paired with the recovery trajectory of previous downturns, we anticipate that the global SMC market is expected to prosper at a healthy CAGR of 5.0% during 2021-2026 to reach the figure of US$ 3.6 Billion in 2026.
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