Global Bulk Molding Compound Market, 2014-2024: (0.05 Friction Coefficient, 0.08 Friction Coefficient, and 0.10 Friction Coefficient), and By Application (Electrical & Electronics, Aerospace, Automotive, and Others)
Bulk molding compound (BMC) is a bulky mixture of chopped glass fibers, resin paste and fillers. BMC is commercially available in various combinations of resin, additives and glass reinforcements, to satisfy a variety of end use requirements in high-volume applications where good finishes, good dimensional stability, part complexity and good overall mechanical properties are important. More bulk molding compound is used for thermoset injection molding than for the traditional compression molding process. Bulk molding compound offered various properties such as high electrical insulation, fire redundant, anti-corrosion and higher strength.
Bulk molding compound (BMC) can be categories into glass fiber and carbon fiber. Based on resin type it can be categories into polyester resin, vinyl resin and others. Bulk molding compound is widely used in electrical and lighting industry included headlamps, circuit breakers, housings, and valve covers. Polyester and vinyl based resin are widely used in automotive, electrical & electronics industry. Bulk molding compound (BMC) has wide spectrum of application in end use industry included, transportation, electrical & electronics, and others.
The global bulk molding compound research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global bulk molding compound market is growing at a fast pace and increasing its geographical footprint rapidly. The global bulk molding compound market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.
The growth is comparatively higher in APAC region due increasing demand from end use industry. The major growth driver for bulk molding compound market is the rising demand from the electrical lightning industry due to its excellent dielectric, and flame resistance properties. Also, rising adoption in automotive industry due to increasing production is expected to drive the growth of bulk molding compound market.
Bulk molding compound enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and South America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of bulk molding compound market globally. The companies that lead global market are LyndellBasell, IDI Composites International, Premix, Lorenz Kunststofftechnik GmbH , Menzolit GmbH, and Polynt Group.
The research process includes the market segmentation of the global bulk molding compound market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global bulk molding compound market industry experts from across the global industry. Market Krystal conducts more than 40 interview hours dedicated for this study, the same are mentioned below: