Friday, October 24, 2014

Lucintel estimates that Asia Pacific will consume more than 35 percent of bulk molding compounds market by 2019

IRVING, USA: Bulk molding compounds (BMC) are used in a variety of markets, such as transportation, electrical & electronics, and consumer goods.

Bulk molding compounds have excellent flow characteristics, dielectric properties, and flame resistance which make them well-suited to a wide variety of applications, requiring precision in detail and dimensions as well as high performance.

Bulk molding compounds are ideal for headlamps, circuit breakers, housings, and valve covers due to their lightweight and higher thermal resistance properties. The Asia Pacific region is expected to represent more than 35 percent of the global bulk molding compounds market by 2019.

Bulk molding compounds (BMC) are expected to grow at a CAGR of 6.8 percent during 2014-2019. Electrical & electronics will remain the largest end user industry. Citadel Plastics, IDI Composites, Polynt, Premix, and Showa Denko are some of the suppliers of BMC materials for various applications. These companies are the important players in the BMC materials market because of their innovation and investment in research and development to find new applications.

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