South America Bulk Molding Compound (BMC) Market Trends and Analysis by 2027

The SAM bulk molding compound market is expected to grow from US$ 100.87 million in 2019 to US$ 138.65 million by 2027; it is estimated to grow at a CAGR of 4.2 % from 2020 to 2027.

Brazil and Argentina are major economies in SAM. The increase in consumption of lightweight, high strength, fire-resistance materials is driving the SAM bulk molding compound market. The demand for lightweight materials with high tensile strength is on the rise amongst several sectors such as automotive, aerospace and construction and many others. The use of lightweight materials has a direct impact upon the overall dynamics and structure of the components in which they are used. BMC is one such compound material, which are manufactured with the help of thermosetting polymeric matrices. It is known to possess several properties such as good mouldability, high dimensional stability, excellent mechanical and electrical properties, resistance from chemical and corrosion and others. Other than this, it is known for their lightweight nature and are quite economical which makes them ideal component to be across several application bases.  The demand for BMC compounds have considerably increased across automotive and aerospace industry owing to rise in advancement and innovation in these industries. Weight along with strength has become a significant factor for the performance of a vehicle. A slight reduction in the weight can improve the performance of a vehicle. This has offered a great scope in the growth of Bulk Molding Compound (BMC) Market in scenario. Composites have become a core strategic material for automotive OEMs along with aerospace components. Also, the BMC composites are gaining traction in several electrical & electronics application owing to their properties such as resistance towards heat and corrosion, dimensional stability, and others. Therefore, with the growing demand for lightweight, high strength and fire resistance materials in various end use industries, the market for BMC is expected to rise.This has offered a great scope in the growth of SAM Bulk Molding Compound (BMC) Market in scenario.

Presently, major countries in SAM 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 SAM bulk molding compound market. The market is expected to grow at a good CAGR during the forecast period.

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

SAM Bulk Molding Compound Market Segmentation

SAM Bulk Molding Compound Market, by Resin Type

• Polyester
• Vinyl Resin
• Others

SAM Bulk Molding Compound Market, by Fiber Type

• Glass Fiber
• Carbon Fiber

SAM Bulk Molding Compound Market – by Application

• Electrical Industry
• Automotive Industry
• Others

SAM Bulk Molding Compound Market – by Country

• Argentina
• Brazil
• Rest of SAM

South America Bulk Molding Compound (BMC) Report Scope