South America Bulk Molding Compound (BMC) Market Trends and Analysis by 2027
South America Bulk Molding Compound (BMC) Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Resin Type (Polyester, Vinyl Resin, and Others), Fiber Type (Glass Fiber and Carbon Fiber), and Application (Electrical Industry, Automotive Industry, and Others)
- Status : Published
- Report Code : TIPRE00016366
- Category : Chemicals and Materials
- No. of Pages : 77
- Available Report Formats :
- Last update date : November 19, 2020
2019 Market Size
US$ 100.87 Mn
Base year value
2027 Forecast
US$ 138.65 Mn
Projected by 2027
CAGR 2020-2027
4.2 %
Growth rate
Addressable Market
US$ 975.40 Mn
(2020-2027)
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)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
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
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 100.87 Million |
| Market Size by 2027 | US$ 138.65 Million |
| CAGR (2020 - 2027) | 4.2 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Resin Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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