Emerging Trends for Worldwide Bulk Molding Compounds (BMC) Industry Market (2019-2026): Business Strategy, Opportunity, Segmentation, Competitive Landscape and Regional Analysis

Emerging Trends for Worldwide Bulk Molding Compounds (BMC) Industry Market (2019-2026): Business Strategy, Opportunity, Segmentation, Competitive Landscape and Regional Analysis

Ÿ   Base Year: 2018

Ÿ   Estimated Year: 2019

Ÿ   Forecast Period: 2019 to 2026

The global bulk molding compound (BMC) market is estimated to be USD 1,222 million in 2019 and is expected to reach USD 1,391 million by 2026, with a CAGR of 1.86% during the forecast period.

Bulk Molding Compound (BMC) is a thermoset plastic resin blend of various inert fillers, fiber reinforcement, catalysts, stabilizers, and pigments that form a viscous, ‘puttylike’ injection molding compound. Bulk molding compound is highly filled and reinforced with short fibers. Typical applications include demanding electrical applications, corrosion resistant needs, appliance, automotive, and transit.

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Key Players:

Key players in the Bulk Molding Compounds (BMC) market include IDI, A.Schulman (BMCI), SDK, Lorenz, Polynt, Tencate, Huayuan Group, Mar-Bal, Yueqing SMC&BMC, Polmix, Changzhou Fonda, Kyocera, Jiangshi Composite, Jinchuangyi Electric, Astar, Changzhou Haoyuan, Cuyahoga Plastics, Plenco, CME, Donghai Composite, Molymer Group, Aomingwei, Shimada, Wah Hong Ind, and Foshan Ripengetc.

Market Driver and Restraint

The expanding adoption of automation and technological advances across industries are projected to stimulate this market’s growth. In addition, the ever-increasing urbanization and consequently emerging new transport systems are the major factors driving the demand for bulk molding compound. Increasing consumer awareness about the properties of bulk molding compounds such as enhanced electrical insulation, resistance to fire and corrosion, and higher strength is propelling the growth of the bulk molding compound market through the forecast period.

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Forecast by Geography

The Asia-Pacific is the largest market with a proportion of 40.62%, followed by North America and Europe, accounting for 25.36% and 20.69% respectively. China contributes a major market share in the Asia-Pacific region due to the large presence of automobile and electrical manufacturer in the country. whereas the U.S. boots the major market of the North American region owing to the increasing urbanization and growth in the transportation industry. 

Type Segment Analysis

The type of the Bulk Molding Compounds (BMC) market can be divided into General BMC, Electrical BMC, and Other.

Application Segment Analysis

Bulk Molding Compounds (BMC) is widely used in Electrical Industry, Automotive Industry, and Other Applications.

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Target Audience:

•     Bulk molding compound manufacturers

•     Raw material suppliers of bulk molding compound

•     Small and Medium-sized Enterprises (SMEs)

•     Distributors and resellers of bulk molding compound

•     Bulk molding compound industry associations

•     Product managers, bulk molding compound industry administrator, C-level executives of the industries

•     Market Research and consulting firms

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