Middle East and Africa Bulk Molding Compound (BMC) Market

Middle East and Africa Bulk Molding Compound (BMC) Market Forecast to 2027 – Covid-19 Impact and Analysis - By Resin Type (Polyester, Vinyl Resin, and Others), Fiber Type (Glass Fiber and Carbon Fiber), and Application (Electrical Industry, Automotive Industry, and Others)

Number of Pages: 80

Market Introduction

The Middle East & Africa region includes countries such as South Africa, Saudi Arabia, UAE, and rest of Middle East and Africa. The region is expected to witness a rapid increase in commercialization and industrialization, which would further boost the varied industrial sectors. The government has recently undertaken various steps to shift the focus of the economic growth to other manufacturing sectors including automotive, electrical and other industries. Supported by the government, Dubai has developed industrial hubs in this region. The key motive of the industrial hub is to attract manufacturers looking to set up new plants. According to the UAE’s Department of Economic Development (DED), the manufacturing industry accounts for 80 percent of Dubai’s non-oil trade, which makes it the second largest contributor to the UAE economy. The government is looking forward to invest large amounts in electrical industry.

Middle East and Africa Bulk Molding Compound (BMC) Strategic Insights

Strategic insights for the Middle East and Africa Bulk Molding Compound (BMC) provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East and Africa Bulk Molding Compound (BMC) Report Scope

Middle East and Africa Bulk Molding Compound (BMC) Regional Insights

The geographic scope of the Middle East and Africa Bulk Molding Compound (BMC) refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The bulk molding compound market in MEA is expected to grow from US$ 78.20 million in 2019 to US$ 103.99 million by 2027; it is estimated to grow at a CAGR of 3.8% from 2020 to 2027. BMC (Bulk Molding Compound) are fiber-reinforced polymer composite which are known for their higher mechanical strength, high dimensional stability, excellent electrical properties and many other relative properties. Such properties make them ideal for use in several end use industries such as automotive and transportation, aerospace, building and construction and others. Therefore, the growth in these industries in the region is expected to lead to the growth of the Bulk Molding Compounds (BMC) Market. Demand for BMC is high, and industrialists are eyeing for opportunities to enlarge their business operations with improving economic conditions. BMC promote environment sustainability than other materials such as metals, thermoplastic polymers and concrete and are fully compliant with REACH legislation.

COVID 19 has impacted the major countries of MEA. Most of the countries in the region are under lockdown, which is impacting the bulk molding compound market. This is likely to impact the chemicals and materials industry in the region, mainly due disrupted supply and distribution chains.

Key Market Segments

In terms of resin type, the polyester segment accounted for the largest share of the MEA bulk molding compound market. In 2019 In terms of fiber type, glass fiber held the largest market share in 2019. In terms of application, electrical industry account for the largest share of the MEA bulk molding compound market.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the MEA bulk molding compound market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ASTAR S.A., Core Molding Technologies, IDI Composites International, Toray TCAC Holding B.V., MENZOLIT, PolyntSpA, SHOWA DENKO K.K., and HGGC, LLC.

Reasons to Buy Report

• Understand the MEA bulk molding compound market landscape and identify segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive market landscape in MEA
• Efficiently plan mergers and acquisitions, and partnership deals in the MEA bulk molding compound market by identifying market segments with the most promising probable sales
• Take knowledgeable business decisions from perceptive and comprehensive analysis of performance of various market segments
• Obtain market revenue forecast for market by various segments for the period 2019–2027

MEA Bulk molding compound Market Segmentation

MEA Bulk molding compound Market, by Resin Type

• Polyester
• Vinyl Resin
• Other

MEA Bulk molding compound Market, by Fiber Type

• Glass Fiber
• Carbon Fiber

MEA Bulk molding compound Market – by Application

• Electrical Industry
• Automotive Industry
• Others

MEA Bulk molding compound Market – by Country

• • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA

Company Profiles

• ASTAR S.A.
• Core Molding Technologies
• IDI Composites International
• Toray TCAC Holding B.V.
• MENZOLIT
• PolyntSpA
• SHOWA DENKO K.K.
• HGGC, LLC.