The global demand for bulk molding compounds (BMC) is likely to continue to increase in the years to come as it receives support from downstream industries. In 2013, it was about 573 K MT, however, it increased to 693 K MT in 2018.
Global Bulk Molding Compounds (BMC) Market: Drivers
Chopped fiber thermoset varieties of BMC are used to create complex composite assemblies with higher performance ratings, less expensively, and quicker. High use of lightweight chopped fiber compression molded BMC parts over aluminum parts to replace metallic assemblies for reducing weight by a significant percentage is expected to increase the adoption of products offered in the global market.
Replacement of die cast aluminum or iron and steel with BMC for achieving reduced secondary machining, corrosion resistance, and weight and noise reduction is anticipated to push the demand in the global market.
Some varieties of BMC can be used as an alternative to costlier high-temperature thermoplastic resins. BMC can be typically used in applications such as recessed lighting baffles, automotive, industrial light housings, HVAC components, electric and electrical components, and appliance parts. It can also be used in transit and demanding electrical applications.
Global Bulk Molding Compounds (BMC) Market: Product, End User, and Region
On the basis of product, the global bulk molding compounds (BMC) market is classified into electrical BMC, general BMC, and others. By end user, it is divided into automotive industry, electrical industry, and others.
Geographically, the global bulk molding compounds market is classified into the MEA, Central and South America, India, Southeast Asia, Japan, China, Europe, and North America.
According to the analysts, Chinese manufacturers operating in the global bulk molding compounds (BMC) market are always on their toes to narrow down the performance gap with foreign competitors. They are also continuously looking to improve their technology. However, there will still be a difference between the products manufactured by Chinese and those by foreign companies.
The demand for BMC in China increased to 173 K MT in 2016 from 130 K MT recorded in 2011 at a volume CAGR of 3.04%.
Global Bulk Molding Compounds (BMC) Market: Company Shares
As per the report, the top 10 companies accounted for an approximately 60.0% share of the global BMC market. Other important companies, viz. SDK, A. Schulman (BMCI), and IDI secured close to a 40.0% share of the market.
Global Bulk Molding Compounds (BMC) Market: Key Players
The report covers leading manufacturers such as Jiangshi Composite, Kyocera, Changzhou Fonda, Polmix, Yueqing SMC & BMC, Mar-Bal, Huayuan Group, Tencate, Polynt, and Lorenz. It offers detailed analysis of the competitive landscape and how leading players are cementing strong positions in the global BMC market.
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