The global bulk molding compound (BMC) market has been growing steadily over the past few years. BMC is a mixture of several components including fillers such as calcium carbonate, glass fibers, resins like polyester and curing agents like benzoyl peroxide. This mixture is then fed into a compounder machine where all components are blended homogeneously before being molded. BMC offers advantages of being lighter in weight and lower in cost compared to metals like aluminum while also providing better strength and rigidity than typical thermoplastics. Ongoing growth of end use industries like automotive, aerospace, and industrial along with rising demands for lightweight materials are expected to drive higher consumption of BMC in coming years.
Market Dynamics:
The global bulk molding compound (BMC) market is driven by few key factors. Growing demand from the automotive industry remains a key driver where BMC is increasingly being used to manufacture lightweight components for vehicles to improve fuel efficiency. Rising environmental regulations mandating lower vehicle emissions are also propelling OEMs to adopt composites like BMC. The growing aerospace industry presents another lucrative opportunity for BMC manufacturers given BMC's strength-to-weight ratio is well suited for aircraft parts. However, competition from continuous fiber reinforced thermoplastics that provide improved mechanical properties acts as a key restraint. Additionally, fluctuating raw material prices especially of resins pose challenges. Ongoing R&D towards development of advanced BMC grades with superior performance characteristics would create new growth opportunities in the long run.
Key Features of the Study:
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