Market Introduction
South America includes countries such as Brazil, Argentina, and the rest of South America. The continuous technological and industrial developments have positively impacted on the economic growth of countries such as Brazil and Argentina. The changing economic condition in South America coupled with the growth of automotive, aerospace and other industries along with increasing support from the government for increasing the industrial production provide a huge developing potential for the and Bulk Molding Compounds (BMC) Market players in South and Central America. The use of BMC process is rising with the growing awareness towards environment sustainability. Moreover, the constant research and development by the key players to develop environmentally friendly products are anticipated to provide a developing opportunity for the market players over the forecast period.
Market Overview and Dynamics
The bulk molding compound market in SAM is expected to grow from US$ 100.87 million in 2019 to US$ 138.65 million by 2027; it is estimated to grow at a CAGR of 4.2% 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 makes 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 SAM. 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 SAM 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 SAM bulk molding compound market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the SAM 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
SAM Bulk Molding Compound Market Segmentation
SAM Bulk Molding Compound Market, by Resin Type
SAM Bulk Molding Compound Market, by Fiber Type
SAM Bulk Molding Compound Market – by Application
SAM Bulk Molding Compound Market – by Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 100.87 Million |
| Market Size by 2027 | US$ 138.65 Million |
| CAGR (2020 - 2027) | 4.2% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Resin Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Bulk Molding Compound (BMC) Market is valued at US$ 100.87 Million in 2019, it is projected to reach US$ 138.65 Million by 2027.
As per our report South America Bulk Molding Compound (BMC) Market, the market size is valued at US$ 100.87 Million in 2019, projecting it to reach US$ 138.65 Million by 2027. This translates to a CAGR of approximately 4.2% during the forecast period.
The South America Bulk Molding Compound (BMC) Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Bulk Molding Compound (BMC) Market report:
The South America Bulk Molding Compound (BMC) Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Bulk Molding Compound (BMC) Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Bulk Molding Compound (BMC) Market value chain can benefit from the information contained in a comprehensive market report.
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