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Bulk Molding Compound (BMC) Market to Reach US$ 1,650.58million by 2027

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Bulk Molding Compound (BMC) Market to Reach US$ 1,650.58million by 2027

February 10
18:31 2021
Bulk Molding Compound (BMC) Market to Reach US$ 1,650.58million by 2027
The bulk molding compound (BMC) market was valued at US$ 1,167.64million in 2019 and is projected to reach US$ 1,650.58million by 2027; it is expected to grow at a CAGR of 4.6% during the forecast period 2020 – 2027

Bulk molding compound (BMC) is a ready-to-mold, glass-fiber reinforced thermoset polymer material used in compression molding, along with injection molding and transfer molding. BMC is manufactured by mixing unsaturated thermoset resin-like polyester resin, vinyl ester resin, or epoxy resin together with strands of chopped glass fibers, styrene, an initiator, and a filler in a mixer. The mixing for the preparation of BMC is done at room temperature and stored at low temperature to slow down curing before molding. The concentration of the mixture varies according to the application.

Rising demand for lightweight, high strength, and fire-resistant materials to drive Bulk molding compound (BMC) market growth at 4.6% CAGR during 2020–2027

Get Sample on Research Analysis and Growth Strategy: https://www.theinsightpartners.com/sample/TIPRE00014763/

Demand for lightweight materials with high tensile strength is rising among several sectors, such as automotive, aerospace, and construction. The use of lightweight materials directly impacts the overall dynamics and structure of components in which they are used. BMC is a one such compound material, manufactured with the help of thermosetting polymeric matrices. The material possesses several properties such as good mouldability, high dimensional stability, excellent mechanical and electrical properties, and resistance from chemical and corrosion. Also, it is lightweight and quite economical, which makes it an ideal component to be used across several applications. The demand for BMC has considerably increased across the automotive and aerospace industries owing to rising advancements and innovations in these industries.

Astar S.A., Core Molding Technologies, IDI Composites International, Toray TCAC Holding B.V., MENZOLIT, PolyntSpA, SHOWA DENKO K.K., DASYC S.A., Lorenz Kunststofftechnik GMBH, and HGGC, LLCare a few well-established players in the global bulk molding compound (BMC) market.

The COVID-19 outbreak was first reported in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the world. Many governments have imposed lockdowns, travel bans, and business shutdown measures to prevent the spread of infection. These norms restrict supplies of consumer goods, floriculture and horticulture products. Various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia, and North America are affecting the business collaborations and partnerships opportunities. All these factors are anticipated to affect the industries in a negative manner and thus act as restraining factor for the growth of various markets related to this industry in the coming months.

Strategic Insights

A few key players operating in the global bulk molding compound (BMC) market are Toray TCAC Holding B.V, Core Molding Technologies., IDI Composites International and Showa Denko. These companies are implementing new product developments, and mergers and acquisitions strategies to enlarge the customer base and gain significant market share across the world, which in turn, permits them maintain their brand name in the global market.

Purchase a copy of this report: https://www.theinsightpartners.com/buy/TIPRE00014763/

The report segments the global Bulk Molding Compound (BMC)market as follows:

By Resin Type

  • Polyester
  • Vinyl Resin
  • Others

 

By Fiber Type

  • Glass Fiber
  • Carbon Fiber

 

By Application

  • Electrical Industry
  • Automotive Industry
  • Others

 

Media Contact
Company Name: The Insight Partners
Contact Person: Sameer Joshi
Email: Send Email
Phone: +1-646-491-9876
City: Pune
State: Maharashtra
Country: India
Website: https://www.theinsightpartners.com/pr/bulk-molding-compound-bmc-market


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