Sheet Molding Compounds For EV and Hybrid Vehicles Market Global Outlook and Forecast 2025-2032
The global Sheet Molding Compounds (SMC) market for Electric Vehicles (EVs) and hybrid vehicles demonstrates accelerating growth, currently valued at USD 60 million in 2023 with projections reaching USD 132.64 million by 2030, representing a robust 12.00% CAGR. This expansion is fueled by the automotive industry’s rapid transition toward lightweight materials that enhance energy efficiency […]