Compound market

Bulk Molding Compounds Market Size To Reach USD 1,650.58 Million By 2027

The Bulk Molding Compounds (BMC) market is expected to grow at a CAGR of 4.6% by 2027. North America is expected to hold the largest share of the global market.

NEW YORK, UNITED STATES, November 30, 2021 /EINPresswire.com/ – According to the latest market research on “Bulk Molding Compounds (BMC) Market Forecast to 2027 – COVID-19 impact and global analysis – by resin type (polyester, vinyl resin and others), fiber type (glass fiber and carbon fiber) and application (electrical industry, automotive industry and others) Was valued at US $ 1,167.64 million in 2019 and is expected to reach US $ 1,650.58 million by 2027.

Strategic perspectives

Market size value in – US $ 1,167.64 million in 2019
Market size value of – US $ 1,650.58 million by 2027
Growth rate – CAGR of 4.6% from 2020-2027
Forecast period – 2020-2027
Baseline year – 2020
Number of Pages – 177
Number of tables – 83
Number of graphs and figures – 79
Historical data available – Yes
Segments Covered – Resin Type, Fiber Type, Application and Geography
Regional scope – North America; Europe; Asia Pacific; Latin America; AEM
Country Scope – US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report Cover – Revenue Forecast, Company Rank, Competitive Landscape, Growth Factors & Trends

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Bulk Molding Compound (BMC) is a ready-to-mold, glass-fiber reinforced thermosetting polymer material used in compression molding, as well as injection molding and transfer molding. BMC is made by mixing a thermoset resin type unsaturated polyester resin, vinyl ester resin or epoxy resin with chopped glass fiber strands, styrene, initiator and filler in a mixer. The mixing for the preparation of BMC is done at room temperature and stored at low temperature to slow down the hardening before molding. The concentration of the mixture varies depending on the application.

Expansion of Construction Industry to Influence Global Bulk Molding Compounds (BMC) Market

Construction is considered to be one of the fastest growing industrial sectors which is significantly linked to the development of better societies around the world. Emerging trends that have a direct impact on the construction industry include the growing demand for green construction to minimize the impact of the carbon footprint, the use of improved materials and the use of fiber-reinforced polymer composites for rehabilitation of aging structures. With the growth of the construction industry, the demand for lightweight and strong materials has been booming, which is positively impacting the demand for bulk molding compounds. These compounds are preferred over other traditional materials such as iron, aluminum and steel and are considered to be an important market in the field of fiber reinforced plastics. In addition, they can be ideally used to meet the dynamic demands of the processing industry.

Impact of COVID-19 on the Bulk Molding Compounds (BMC) Market:

The COVID-19 epidemic began in Wuhan (China) in December 2019 and quickly spread around the world. The United States, India, Brazil, Russia, Spain, Mexico and Argentina are among the most affected countries in terms of confirmed cases of COVID-19 and pronounced deaths, as of September 2020. The COVID-19 pandemic has affected economies and businesses due to the lockdowns. , travel bans and business closures. One of the main companies seeing the negative impact is the global chemicals and materials industry. These factors have affected the growth of the global Bulk Molding Compounds (BMC) market.

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Bulk Molding Compounds (BMC) Market: Resin Type

Based on resin type, the Bulk Molding Compounds (BMC) market is further segmented into polyester, vinyl resin, and others, and in 2019, the polyester segment dominated the market. Polyester resins are formed by the reaction between polyols, such as glycol or ethylene glycol, and dibasic acids, such as phthalic acid or maleic acid. These unsaturated resins are combined with other chemicals, called hardeners or catalysts, which alter the molecular structure of the resulting compound as well as the generation of heat.

Bulk Molding Compounds (BMC) Market: Competitive Landscape and Key Developments

Astar SA, Core Molding Technologies, IDI Composites International., Toray TCAC Holding BV, MENZOLIT, PolyntSpA, SHOWA DENKO KK, Dasyc SA, Lorenz Kunststofftechnik GMBH and HGGC, LLC. are among the major players operating in the global Bulk Molding Compounds (BMC Market).

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The global Bulk Molding Compounds (BMC) market size overall size has been derived based on primary and secondary sources. To begin with, the research process begins a comprehensive secondary research was conducted using internal and external sources to obtain qualitative and quantitative information related to the market. In addition, several primary interviews were conducted with participants and industry commentators to validate the data and gain more analytical insight on the topic. Participants typically involved in the process include industry experts such as Vice Presidents, Business Development Managers, Market Intelligence Managers, and National Sales Managers, as well as external consultants such as Evaluation experts, research analysts and thought leaders specializing in Bulk Molding Compounds (BMC).

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