Europe 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: 94
Market Introduction
The market for Europe includes Germany, France, Italy, UK, Russia, and the rest of Europe. The automotive industry contributes 6.8% to the GDP of the region. The automotive sector supports the growth of the economy by assisting the supply chain that results in the creation of a diversified array of business opportunities and services. The automotive sector of the EU is considered to be a crucial industry as it significantly contributes to the country’s GDP as well as employs millions of people in the region. High production of the automobile in Europe region depicts more demand for BMC processes and products. Economically strong countries like Germany, the UK, and Russia have witnessed significant growth in the implementation of technologically advanced solutions.
Market Overview and Dynamics
The bulk molding compound market in Europe is expected to grow from US$ 239.60 million in 2019 to US$ 340.02 million by 2027; it is estimated to grow at a CAGR of 4.6% 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 makes 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 Europe. 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 Europe 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 Europe bulk molding compound market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Europe 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., Dasyc S.A, Lorenz Kunststofftechnik GMBH and HGGC, LLC.
Reasons to Buy Report
- Understand the Europe 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 Europe
- Efficiently plan mergers and acquisitions, and partnership deals in the Europe 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
Europe Bulk molding compound Market Segmentation
Europe Bulk molding compound Market, by Resin Type
- Polyester
- Vinyl Resin
- Other
Europe Bulk molding compound Market, by Fiber Type
- Glass Fiber
- Carbon Fiber
Europe Bulk molding compound Market – by Application
- Electrical Industry
- Automotive Industry
- Others
Europe Bulk molding compound Market – by Country
- Germany
- France
- UK
- Italy
- Russia
- Rest of Europe
Company Profiles
- ASTAR S.A.
- Core Molding Technologies
- IDI Composites International
- Toray TCAC Holding B.V.
- MENZOLIT
- PolyntSpA
- SHOWA DENKO K.K.
- Dasyc S.A
- Lorenz Kunststofftechnik GMBH
- HGGC, LLC.