Stratview Research has launched a new report, titled Bulk Molding Compound (BMC) Market is Segmented by End-Use Industry Type (Transportation, Construction, Consumer Goods, Electrical & Electronics, and Others), by Reinforcement Type (Glass Composites and Other Composites), by Resin Type (Polyester Composites and Other Composites), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Covid-19 Impact Analysis:
Covid-19 has highly impacted the market dynamics, competition, and supply chain of almost all industries. The revenues have gone down in 2020 and are expected to resume an uptrend gradually from 2021 and continue to grow further. The report covers all the segments that were affected by the pandemic.
According to the report, BMCs remain the choice of material for certain applications, such as circuit breakers and automotive headlamps. Over the eons, the penetration of BMCs has been soaring up in these applications, citing the advantages that the material brings to the table. The major end-use markets, such as transportation, consumer goods, and electrical & electronics, underwent immense pressure due to the onset of the pandemic and recorded a massive decline. The market for BMCs followed a similar trajectory and decline a bit in the year 2020. However, the long-term demand for sustainability remains vibrant in the wake of an incessant penetration of BMCs over their arch-rivals paired with the expected recovery of end-use markets. Overall, the BMC market is likely to grow at a CAGR of 4.6% during 2021-2026 to reach the figure of US$ 1.0 Billion in 2026.
Market Segments’ Analysis
Based on the end-use industry type, the market is segmented as transportation, construction, consumer goods, electrical & electronics, and others. Electrical & Electronics is expected to remain the biggest demand generator of BMCs among all the end-use industries in terms of both value and volume during the forecast period. BMC is considered an ideal material for fabricating some of the electrical parts, such as circuit breakers and encapsulation. BMC exhibits brilliant flow characteristics, dielectric property, and flame resistance. They are well-suited for applications that demand precision in detail and dimensions along with high performance. Transportation also generates a sizeable demand for BMCs across the region. The headlight is the biggest application of BMCs in the transportation industry.
Based on the resin type, the market is segmented as polyester composites and other composites. Polyester is projected to remain the choice of materials in the BMC market in the foreseen future. Polyester offers good performance at the lowest cost, allowing BMC and tier players to compete with other materials, such as plastics and metals. In BMC, polyester is the most dominant material across the end-use industries. Epoxy, currently securing a diminutive share, is likely to grow at a healthy pace in the years to come. Driven by a greater acceptance of BMCs in high-temperature electrical applications.
In terms of regions, Asia-Pacific is expected to remain the largest market over the next five years. Countries, like China, Japan, Taiwan, South Korea, and India are the preferred destinations of either electrical & electronics or transportation or both industries. A large number of companies are located in these countries, serving local as well as the global demand for products. This assures a healthy demand for reinforced compounds including BMCs in the region. North America and Europe also offer healthy growth opportunities in the short run, mainly governed by the expected recovery in the demand for composite materials across markets.
Key Players
The following are the key players in the Bulk Molding Compound (BMC) Market.
- Schulman (BMCI)
- Core Molding Technologies, Inc.
- IDI Composites International
- Polynt S.p.A.
- Premix Inc.
- Menzolit GmbH
- Showa Denko K. K.
- Astar S.A.
- Toray Advanced Composites
Frequently Asked Questions –
This report provides vital information and valuable insights, enabling the users to identify the strategic growth opportunities in the market. The report aims at answering the following key questions:
- What is the current and future market size of Bulk Molding Compound (BMC) Market?
- How has the COVID-19 pandemic impacted the market? How fast is it expected to recover?
- What will be the short and long-term effects of the pandemic?
- How are other market factors affecting the market dynamics?
- Which segments offer high-growth opportunities in the long run?
- How fierce is the Bulk Molding Compound (BMC) Market competition?
- What are the key emerging trends and unmet needs in the present market?
- What are the strategic growth opportunities and key success factors?
Read the full report: https://www.stratviewresearch.com/2499/bulk-molding-compound-market.html
Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement or any further query related to the report, please send your inquiry to sales@stratviewresearch.com. You may also connect with our market experts at +1-313-307-4176.
About Stratview Research
Stratview Research is a global market research firm that provides high-quality market research reports, market entry strategies, growth strategies, and more. We in-depth market research studies, to help the users obtain grainy level clarity on present business trends and probable future developments. At Stratview Research, the market experts are committed to providing custom solutions best fit for strategy development and implementation to achieve visible growth.
A Weed dispensary is a place where consumers can purchase cannabis products such as flowers, edibles, concentrates, and topicals. These dispensaries can be found in various forms, including storefronts, mobile delivery services, and online shops. In states where cannabis is legal, these dispensaries must comply with strict regulations and undergo regular inspections to ensure they meet health and safety standards……
Another advantage of buying weed online is the privacy it provides. Not everyone feels comfortable going to a physical dispensary and being seen purchasing marijuana products. With online dispensaries, customers can place their orders discreetly, and have them delivered directly to their doorstep…..
Once you have a good idea of the strains and products that you want to order Buy online weeds, you should then check the prices of each item.
The legal age to purchase and use marijuana in Canada is 19 Buy cheap weed online in canada years of age.
In recent years, the ability to buy weed online has become increasingly popular, especially in places where cannabis is legal. Buying weed online offers several benefits, including convenience, privacy, and a wider selection of products.
One of the main benefits of using an buy weed online canada is the convenience it offers. Customers can browse products, place orders, and have them delivered to their doorstep, all from the comfort of their own homes. This is especially useful for those who live in remote areas, or who have mobility issues and find it difficult to travel to a physical dispensary.
Excellent article! We will be linking to this particularly great article on our website. Keep up the good writing.