The SAM bulk molding compound market is expected to grow from US$ 100.87 million in 2019 to US$ 138.65 million by 2027; it is anticipated to grow at a CAGR of 4.2 % from 2020 to 2027. The SAM bulk molding market is driven by the growth of construction industry across the region. Construction is one of the most dynamic industrial sectors, and the emerging trends such as growing demand for green construction to minimize the impact of carbon footprint, rising use of improved materials, and growing use of fiber-reinforced polymer composites for the rehabilitation of aging structures drive the industry. The construction industry in South America is growing due to the increasing focus of the government on improving tourism infrastructure and promoting sustainable infrastructure projects in various sectors—such as oil & gas, rail, renewable energy, and ports. The building and construction sector uses BMC in the production of panels for building façades, sports stadiums seats, water tanks, door skins, access chambers, manhole covers, cable trays, etc. The increase in investment in research and development activities along with diversification in application base, the demand for BMC is expected to expand in building and construction industry.Therefore, the SAM bulk molding compound market is expected to grow during the forecast period. Based on fiber type, the glass fiber segment led the SAM bulk molding compound market in 2019.Glass is the oldest and most familiar form of performance fiber that is predominantly used across various end-use industries.
Glass fibers are considered as versatile material, which can be extensively used as a reinforcement fiber for polymeric resins—such as epoxy and unsaturated polyester. Although the stiffness of glass fibers is lower than other reinforcement fibers, it exhibits other distinct advantages such as high strength with low density, cost-effectiveness, high tensile strength, and chemical resistance. As of August 2020, Brazil reported the highest number of COVID-19 cases in South America, followed by Ecuador, Chile, Peru, and Argentina.The governments of South American countries are taking several actions to protect the citizens from the outbreak.
South America is receiving lower export revenues due to the drop in commodity prices and reduction in export volumes—especially to China, Europe, and the US, which are their crucial trade partners. Containment measures in several countries of South America would reduce economic activities in the manufacturing sectors for at least the next quarter, and it may rebound once the pandemic is under control. The overall SAM bulk molding compound market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining an overview and forecast for the SAM bulk molding compound market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants typically associated with this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the SAM bulk molding compound market. ASTAR S.A.; Core Molding Technologies; IDI Composites International; Toray TCAC Holding B.V.; MENZOLIT; PolyntSpA; SHOWA DENKO K.K.; and HGGC, LLC are among the players operating in the SAM bulk molding compound market.
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