Middle East and Africa 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)
Middle East and Africa 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)
Number of Pages: 80
Market Introduction
The Middle East & Africa region includes countries such as South Africa, Saudi Arabia, UAE, and rest of Middle East and Africa. The region is expected to witness a rapid increase in commercialization and industrialization, which would further boost the varied industrial sectors. The government has recently undertaken various steps to shift the focus of the economic growth to other manufacturing sectors including automotive, electrical and other industries. Supported by the government, Dubai has developed industrial hubs in this region. The key motive of the industrial hub is to attract manufacturers looking to set up new plants. According to the UAE’s Department of Economic Development (DED), the manufacturing industry accounts for 80 percent of Dubai’s non-oil trade, which makes it the second largest contributor to the UAE economy. The government is looking forward to invest large amounts in electrical industry.
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Market Overview and Dynamics
The bulk molding compound market in MEA is expected to grow from US$ 78.20 million in 2019 to US$ 103.99 million by 2027; it is estimated to grow at a CAGR of 3.8% from 2020 to 2027. BMC (Bulk Molding Compound) are fiber-reinforced polymer composite which are known for their higher mechanical strength, high dimensional stability, excellent electrical properties and many other relative properties. Such properties make them ideal for use in several end use industries such as automotive and transportation, aerospace, building and construction and others. Therefore, the growth in these industries in the region is expected to lead to the growth of the Bulk Molding Compounds (BMC) Market. Demand for BMC is high, and industrialists are eyeing for opportunities to enlarge their business operations with improving economic conditions. BMC promote environment sustainability than other materials such as metals, thermoplastic polymers and concrete and are fully compliant with REACH legislation.
COVID 19 has impacted the major countries of MEA. Most of the countries in the region are under lockdown, which is impacting the bulk molding compound market. This is likely to impact the chemicals and materials industry in the region, mainly due disrupted supply and distribution chains.
Key Market Segments
In terms of resin type, the polyester segment accounted for the largest share of the MEA bulk molding compound market. In 2019 In terms of fiber type, glass fiber held the largest market share in 2019. In terms of application, electrical industry account for the largest share of the MEA bulk molding compound market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the MEA bulk molding compound market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ASTAR S.A., Core Molding Technologies, IDI Composites International, Toray TCAC Holding B.V., MENZOLIT, PolyntSpA, SHOWA DENKO K.K., and HGGC, LLC.
Reasons to Buy Report
- Understand the MEA bulk molding compound market landscape and identify segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive market landscape in MEA
- Efficiently plan mergers and acquisitions, and partnership deals in the MEA bulk molding compound market by identifying market segments with the most promising probable sales
- Take knowledgeable business decisions from perceptive and comprehensive analysis of performance of various market segments
- Obtain market revenue forecast for market by various segments for the period 2019–2027
MEA Bulk molding compound Market Segmentation
MEA Bulk molding compound Market, by Resin Type
- Polyester
- Vinyl Resin
- Other
MEA Bulk molding compound Market, by Fiber Type
- Glass Fiber
- Carbon Fiber
MEA Bulk molding compound Market – by Application
- Electrical Industry
- Automotive Industry
- Others
MEA Bulk molding compound Market – by Country
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
Company Profiles
- ASTAR S.A.
- Core Molding Technologies
- IDI Composites International
- Toray TCAC Holding B.V.
- MENZOLIT
- PolyntSpA
- SHOWA DENKO K.K.
- HGGC, LLC.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Bulk Molding Compound (BMC) Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Expert Opinion
5. Bulk Molding Compound (BMC) Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 The increase in demand of BMC from the construction industry
5.1.2 The increase in consumption of lightweight, high strength, and fire resistance materials
5.2 Market Restraints
5.2.1 High cost of raw materials
5.3 Market Opportunities:
5.3.1 Adoption of sustainable materials
5.4 Future Trends:
5.4.1 Technological Innovations related to Bulk Molding Compounds (BMC) Market
5.5 Impact Analysis
6. Bulk Molding Compound (BMC)– Market Analysis
6.1 MEA Bulk Molding Compound (BMC) Market Overview
6.2 Market Positioning
7. MEA Bulk Molding Compound (BMC) Market Analysis – By Resin Type
7.1 Overview
7.2 MEA Bulk Molding Compound (BMC) Market Breakdown, by Resin Type, (2019 & 2027)
7.3 Polyester
7.3.1 Overview
7.3.2 Polyester Resin in Bulk Molding Compound (BMC) Market, Revenue Forecast to 2027 (US$ Mn)
7.4 Vinyl Resin
7.4.1 Overview
7.4.2 Vinyl Resin in Bulk Molding Compound (BMC) Market, Revenue Forecast to 2027 (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.2 Other Segment in Bulk Molding Compound (BMC) Market, Revenue and Forecast to 2027 (US$ Mn)
8. MEA Bulk Molding Compound (BMC) Market Analysis – By Fiber Type
8.1 Overview
8.2 MEA Bulk Molding Compound (BMC) Market Breakdown, By Fiber Type, (2019 & 2027)
8.3 Glass Fiber
8.3.1 Bulk Molding Compound (BMC) Market Revenue in Glass Fiber Revenue and Forecast, to 2027 (US$ Mn)
8.4 Carbon Fibers
8.4.1 Bulk Molding Compound (BMC) Market Revenue in Carbon Fibers Revenue and Forecast, to 2027 (US$ Mn)
9. MEA Bulk Molding Compound (BMC) Market Analysis – By Application
9.1 Overview
9.2 MEA Bulk Molding Compound (BMC) Market Breakdown, By Application, (2019 & 2027)
9.3 Electrical Industry
9.3.1 Bulk Molding Compound (BMC) Market Revenue Via Electrical and Electronics Revenue and Forecast, to 2027 (US$ Mn)
9.4 Automotive Industry
9.4.1 Bulk Molding Compound (BMC) Market Revenue Via Automotive Industry Revenue and Forecast, to 2027 (US$ Mn)
9.5 Others
9.5.1 Bulk Molding Compound (BMC) Market Revenue Via Other Segment Revenue and Forecast, to 2027 (US$ Mn)
10. MEA Bulk Molding Compound (BMC) Market – Country Analysis
10.1 Overview
10.1.1 MEA: Bulk Molding Compounds (BMC) Market, by Key Country
10.1.1.1 South Africa: Bulk Molding Compounds (BMC) Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.1.1.1 South Africa: Bulk Molding Compounds (BMC) Market, by Resin Type
10.1.1.1.2 South Africa Bulk Molding Compounds (BMC) Market, by Fiber Type
10.1.1.1.3 South Africa Bulk Molding Compounds (BMC) Market, by Application
10.1.1.2 Saudi Arabia: Bulk Molding Compounds (BMC) Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.1.2.1 Saudi Arabia: Bulk Molding Compounds (BMC) Market, by Resin Type
10.1.1.2.2 Saudi Arabia Bulk Molding Compounds (BMC) Market, by Fiber Type
10.1.1.2.3 Saudi Arabia Bulk Molding Compounds (BMC) Market, by Application
10.1.1.3 UAE: Bulk Molding Compounds (BMC) Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.1.3.1 UAE: Bulk Molding Compounds (BMC) Market, by Resin Type
10.1.1.3.2 UAE Bulk Molding Compounds (BMC) Market, by Fiber Type
10.1.1.3.3 UAE Bulk Molding Compounds (BMC) Market, by Application
10.1.1.4 Rest of MEA: Bulk Molding Compounds (BMC) Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.1.4.1 Rest of MEA: Bulk Molding Compounds (BMC) Market, by Resin Type
10.1.1.4.2 Rest of MEA Bulk Molding Compounds (BMC) Market, by Fiber Type
10.1.1.4.3 Rest of MEA Bulk Molding Compounds (BMC) Market, by Application
11. Overview- Impact of COVID-19
11.1 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 ASTAR S.A.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Core Molding Technologies
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 IDI Composites International
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Toray TCAC Holding B.V.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 MENZOLIT
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 PolyntSpA
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 SHOWA DENKO K.K.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 HGGC, LLC.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. MEA Bulk Molding Compound (BMC) Market –Revenue and Forecast to 2027 (US$ Mn)
Table 2. South Africa Bulk Molding Compounds (BMC) Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
Table 3. South Africa Bulk Molding Compounds (BMC) Market, by Fiber Type – Revenue and Forecast to 2027 (USD Million)
Table 4. South Africa Bulk Molding Compounds (BMC) Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 5. Saudi Arabia Bulk Molding Compounds (BMC) Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
Table 6. Saudi Arabia Bulk Molding Compounds (BMC) Market, by Fiber Type – Revenue and Forecast to 2027 (USD Million)
Table 7. Saudi Arabia Bulk Molding Compounds (BMC) Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 8. UAE Bulk Molding Compounds (BMC) Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
Table 9. UAE Bulk Molding Compounds (BMC) Market, by Fiber Type – Revenue and Forecast to 2027 (USD Million)
Table 10. UAE Bulk Molding Compounds (BMC) Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 11. Rest of MEA Bulk Molding Compounds (BMC) Market, by Resin Type – Revenue and Forecast to 2027 (USD Million)
Table 12. Rest of MEA Bulk Molding Compounds (BMC) Market, by Fiber Type – Revenue and Forecast to 2027 (USD Million)
Table 13. Rest of MEA Bulk Molding Compounds (BMC) Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 14. Glossary of Terms, MEA Bulk Molding Compound (BMC) Market
Table 15. Acronym
LIST OF FIGURES
Figure 1. MEA Bulk Molding Compound (BMC) Market Segmentation
Figure 2. MEA Bulk Molding Compound (BMC) Market Segmentation – By Country
Figure 3. MEA Bulk Molding Compound (BMC) Market Overview
Figure 4. Glass Fiber Segment Held Largest Share of MEA Bulk Molding Compound (BMC) Market
Figure 5. UAE Region Held Largest Share of MEA Bulk Molding Compound (BMC) Market
Figure 6. MEA Bulk Molding Compound (BMC) Market, Key Market Players
Figure 7. MEA: PEST Analysis
Figure 8. Expert Opinion
Figure 9. MEA Impact Analysis of Drivers and Restraints
Figure 10. MEA Bulk Molding Compound (BMC) Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 11. MEA Bulk Molding Compound (BMC) Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 12. MEA Molding Compound (BMC) Market Breakdown, by Resin Type, (2019 & 2027)
Figure 13. MEA Polyester Resin in Bulk Molding Compound (BMC) Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 14. MEA Vinyl Resin in Bulk Molding Compound (BMC) Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 15. MEA Other Segment in Bulk Molding Compound (BMC) Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 16. MEA Bulk Molding Compound (BMC) Market Breakdown by Fiber Type, (2019 & 2027)
Figure 17. MEA Bulk Molding Compound (BMC) Market Revenue in Glass Fiber Forecast, to 2027 (US$ Mn)
Figure 18. MEA Bulk Molding Compound (BMC) Market Revenue Via Carbon Fibers Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. MEA Bulk Molding Compound (BMC) Market Breakdown by Application, (2019 & 2027)
Figure 20. MEA Bulk Molding Compound (BMC) Market Revenue Via Electrical and Electronics Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. MEA Bulk Molding Compound (BMC) Market Revenue Via Automotive Industry Forecast, to 2027 (US$ Mn)
Figure 22. MEA Bulk Molding Compound (BMC) Market Revenue Via Other Segment Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. MEA: Bulk Molding Compounds (BMC) Market Revenue Share, by Key Country (2019 and 2027)
Figure 24. South Africa: Bulk Molding Compounds (BMC) Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 25. Saudi Arabia: Bulk Molding Compounds (BMC) Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 26. UAE: Bulk Molding Compounds (BMC) Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 27. Rest of MEA: Bulk Molding Compounds (BMC) Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 28. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
- ASTAR S.A.
- Core Molding Technologies
- IDI Composites International
- Toray TCAC Holding B.V.
- MENZOLIT
- PolyntSpA
- SHOWA DENKO K.K.
- HGGC, LLC.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA bulk molding compound market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the MEA bulk molding compound market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the bulk molding compound market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution