Report : South America Bulk Molding Compound (BMC) Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Resin Type (Polyester, Vinyl Resin, and Others), Fiber Type (Glass Fiber and Carbon Fiber), and Application (Electrical Industry, Automotive Industry, and Others)
Polyester Segment to Dominate SAM Bulk Molding Compound (BMC) Market during 2020–2027
According to a new market research study on “SAM Bulk Molding Compound (BMC) Market Forecast to 2027 – Covid-19 Impact and Analysis - By Resin Type (Polyester, Vinyl Resin, and Others); Fiber Type (Glass Fiber and Carbon Fiber); and Application (Electrical Industry, Automotive Industry, and Others)”, the market is expected to reach US$ 138.65 million by 2027 from US$ 100.87 million in 2019; it is estimated to grow at a CAGR of 4.2% from 2020 to 2027. The report provides trends prevailing in the SAM bulk molding compound market, and the drivers and restraints pertaining to the market growth. The growing construction industry as well as increase in the consumption of lightweight, high strength and fire-resistant material is driving the market. However, the high cost of raw materials in comparison with traditional material is one of the main reasons that is hindering the growth of bulk molding compound market in developing countries in SAM.
The bulk molding compound market in SAM is segmented into resin type, fiber type and application. Based on resin type, the market is segmented into polyester, vinyl resin and others. In 2019, the glass fiber held the largest share of the SAM bulk molding compound market. BMC composites are made up of polyester resin coupled with various fibers. Fibers manufactured from polyesters are made up of stable and strong ion molecules, filament, tow, and fiberfill are the four basic forms of polyester. These composites are used in various end-use industries including automotive, construction, electronics, and many others. However, the outbreak of COVID-19 and lockdown imposed by the governments across SAM is anticipated to have a huge disruption in the growth of various industries across SAM. The governments across SAM are taking measure like travel bans, business shutdowns, and lockdown, which is expected to hamper the anticipated revenue generation and growth opportunities for coming months.
ASTAR S.A., Core Molding Technologies, IDI Composites International, Toray TCAC Holding B.V., MENZOLIT, PolyntSpA, SHOWA DENKO K.K., and HGGC, LLC. are among the leading companies in the SAM bulk molding compound market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
SAM Bulk Molding Compound Market, by Resin Type
- Vinyl Resin
SAM Bulk Molding Compound Market, by Fiber Type
- Glass Fiber
- Carbon Fiber
SAM Bulk Molding Compound Market – by Application
- Electrical Industry
- Automotive Industry
- Rest of SAM
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