Middle East and Africa Bulk Molding Compound (BMC) Market Share and Forecast by 2027

The MEA bulk molding compound market is expected to grow from US$ 78.20 million in 2019 to US$ 103.99 million by 2027; it is estimated to grow at a CAGR of 3.8 % from 2020 to 2027.

UAE, Saudi Arabia and South Africa are major economies in MEA. The increase in demand of BMC from the construction industry is driving the MEA bulk molding compound market. Construction is considered to be one of the most dynamic industrial sectors which are significantly related to the evolution of better societies across the world. The emerging trends which have a direct impact on the construction industry includes growing demand for green construction to minimize the impact of carbon footprint, use of improved materials and use of fiber-reinforced polymer composites for the rehabilitation of aging structures. With the growth of construction industry, the demand for lightweight and strong materials has propelled, which has a positive impact on the demand for bulk molding compounds. BMC compounds comprises of several properties such as light weight, long life, better mechanical properties, resistance to fire, corrosion & chemical, low smoke emission, good abrasion resistant surface, etc. Combining several properties could offer better design versatility, which makes them better material than metals. The increase in investment in research and development activities along with diversification in application base, the demand for BMC is expected to expand in building and construction industry. This has offered a great scope in the growth of MEA Bulk Molding Compound (BMC) Market in scenario.

Presently, major countries in MEA are under lockdown due to the COVID 19 pandemic. In the high-impact countries in the region, isolation and social distancing measures have been put in place. The consequence and impact might worsen in the coming months, depending on the spread of the virus. The outbreak and measures taken to contain the infection spread are likely to impact the food & beverages industry in the region, mainly due to disruptions in supply and distribution chain. In addition, the overall manufacturing processes, research, and development activities will also impact market growth.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East and Africa Bulk Molding Compound market. The market is expected to grow at a good CAGR during the forecast period.

MEA Bulk molding compound Market Revenue and Forecast to 2027 (US$ Mn)

MEA Bulk Molding Compound Market Segmentation

MEA Bulk Molding Compound Market, by Resin Type

• Polyester
• Vinyl Resin
• Others

MEA Bulk Molding Compound Market, by Fiber Type

• Glass Fiber
• Carbon Fiber

MEA Bulk Molding Compound Market – by Application

• Electrical Industry
• Automotive Industry
• Others

MEA Bulk Molding Compound Market – by Country

• UAE
• Saudi Arabia
• South Africa
• Rest of MEA

Middle East and Africa Bulk Molding Compound (BMC) Report Scope