Bulk Molding Compound (BMC) Market Poised to Witness High Growth by 2024 Due to Growing Applications in Automotive Industry

The bulk molding compound (BMC) market has been growing due to its extensive application in various end-use industries such as automotive, electrical & electronics, aerospace and defense, among others. BMC compounds are dense molding materials made from unsaturated polyester or vinyl ester resin reinforced with fiberglass, and are suitable for compression and transfer molding process. They offer benefits such as high strength, durability, electrical insulation, dimensional stability and flame retardance. BMC has become a preferred choice for durable auto parts owing to their superior mechanical properties.
The Global bulk molding compound (BMC) market is estimated to be valued at US$ 5.2 billion in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024-2030.



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