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The global bulk molding compounds market has been witnessing a higher rate of growth owing to expanding adoption of automation and technological advances across industries. In addition, the ever increasing urbanization, and consequently emerging new transport systems have contributed to the demand for bulk molding compounds, to achieve improved mechanics and reduced weight.
Increasing consumer awareness about the properties of bulk molding compounds such as enhanced electrical insulation, resistance to fire and corrosion, higher strength, are to put forth a number of growth opportunities for bulk molding compounds market players through the forecast period.
Bulk molding compounds are also being increasingly preferred as they are usually stronger than their standard thermoplastic counterparts, and it also shows molding capabilities through compression and injection molding methods. However, increasing competition among bulk molding compounds market players is expected to gradually push down bulk molding compound prices in the near future.
Bulk Molding Compounds Market Observes a Promising Picture of Growth in Asia Pacific Owing to Significant Production and Revenue Generation
The Asia Pacific region is anticipated to dominate the global bulk molding compounds market over the next few years. This can largely be attributed to massive market activity in China to meet the demand for bulk molding compounds arising from a rapidly expanding presence of automotive and electrical manufacturers in the country, who are taking advantages of the relatively lower price point of raw materials in the region. Increasing government support into public investment for electrical and electronic systems are also expected to drive demand for bulk molding compounds in the region.
Segmentation of the Global Bulk molding compounds market
The bulk molding compounds market is categorized on the basis of resin type, fiber type, and end-use.
- On the basis of resin type, the bulk molding compounds market is divided broadly into vinyl resin and polyester resin bulk molding compounds.
- As per the types of fiber, bulk molding compounds market is categorized into glass fiber and carbon fiber, all of which find application in transportation, electrical and electronics, consumer goods, and other verticals.
A major share of the revenue is however coming from the application of bulk molding compounds in the transportation segment.
Strategic Collaborations by Key Players to Sustain the Growth of the Bulk molding compounds market
A number of major market players are emphasizing on strategic partnerships with raw material suppliers to reduce cost and increase production efficiency. Some of the primary players that play a significant role in the market include IDI composites international, Continental Structural Plastics, Koninklijke Ten Cate BV, Showa Denko K.K., Core Molding Technologies, Citadel Plastics Holding Inc., Plenco Plastics Engineering Company, Emei, (HK) Electronics, Ltd. and Aareplast AG.
A detailed study on the bulk molding compounds market emphasizes on the complete evaluation of the market on a regional and global level with actionable insights, and relevant and reliable data that has been thoroughly validated and supported to gain a better understanding of the market scenario while opportunities for the future. The report on the bulk molding compounds market includes information and detailed analysis according to the market segments such as technology, application and geography.
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The global bulk molding compounds market report has incorporated a thorough examination on vital factors such as:
- Bulk Molding Compounds Market Segmentation- Market is categorized into key segments to understand each area in detail.
- Influencing Factors- The addition of market influencers to scrutinize the factors that impact the overall performance of bulk molding compounds market.
- Market Valuation- Studying the size of the global bulk molding compounds market
- Supply & demand scenario in global bulk molding compounds market
- Examining the market trends and obstacles to growth- Complete evaluation of the factors that can boost the market growth and the possible challenges
- Competitive Analysis of Bulk Molding Compounds Market Landscape- Recognizing the strategies of the key market players
- Technology- Recognizing the scope of the market growth with new technologies
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