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The global Bulk Molding Compound (BMC) Market was valued at US$1,167.64 million in 2019 and is projected to reach US$1,650.58 million by 2027; it is expected to grow at a CAGR of 4.6% during 2020–2027. The market study focuses on factors contributing to the growth of the market; it also includes estimation and forecast of revenues, analysis other market share, and significant market players with their key developments.
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.
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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 HGGC, LLC …
Based on resin type, the bulk molding compound (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, known as hardeners or catalysts, which change the molecular structure of the resulting compound along with the generation of heat.
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The COVID-19 outbreak was first registered in Wuhan (China) in December 2019, and since then, it has spread at a fast pace around the world. Owing to rising number of COVID-19 cases, governments are implementing various activities to control the infection. Imposed extended lockdowns and travel bans restrict supplies of consumer goods, floriculture and horticulture. Due to these restrictions, BMC manufacturers are witnessing a significant loss.
Based on geography, the global bulk molding compound (BMC) market is further segmented into five regions – North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). In 2019, APAC accounted for the largest share of the global bulk molding compound (BMC) market, followed by North America and Europe. Rising focus toward environmental sustainability by the government promotes the use of BMC in the manufacturing of several automotive parts, electric and household appliances, building and construction material, and others. Further, with rising trend toward the use of green energy, the market of BMC is expected to grow. Also, the bulk molding compound (BMC) market in Asia Pacific is propelling due to the presence of small and large players, such as SHOWA DENKO K.K., and IDI Composites International, in the region.
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
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