Bulk Molding Compound (BMC) Market is Estimated to Witness High Growth Owing to Growing Demand from Automotive Industry
Bulk molding compound (BMC) is a ready-to-mold composite material consisting of resin in combination with fiber reinforcements. BMC materials exhibit excellent mechanical properties, heat resistance and electrical insulation and are used in the manufacturing of a range of automobile and electronic components. BMC materials provide outstanding strength to weight ratio and help reduce the overall weight of components. The rising demand for lightweight vehicle parts has significantly driven the adoption of BMC in the automotive industry. The Global Bulk Molding Compound (BMC) Market is estimated to be valued at US$ 3.82 Bn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2031.
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Bulk molding compound (BMC) is a ready-to-mold composite material consisting of resin in combination with fiber reinforcements. BMC materials exhibit excellent mechanical properties, heat resistance and electrical insulation and are used in the manufacturing of a range of automobile and electronic components. BMC materials provide outstanding strength to weight ratio and help reduce the overall weight of components. The rising demand for lightweight vehicle parts has significantly driven the adoption of BMC in the automotive industry. The Global Bulk Molding Compound (BMC) Market is estimated to be valued at US$ 3.82 Bn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2031.
Get More Insights On Bulk Molding Compound (BMC) Market
https://www.insightprobing...
The Bulk Molding Compound (BMC) Market is gaining growth
Bulk Molding Compound (BMC) market is estimated to be valued at US$ 3.82 billion in 2024 and is expected to exhibit a CAGR of 4.5%
https://www.insightprobing.com/blog/bulk-molding-compound-bmc-market-is-gaining-growth/
05:49 AM - Sep 03, 2024 (UTC)
