Europe Bulk Molding Compound (BMC) Market Key Players and Opportunities by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027Europe Bulk Molding Compound (BMC) Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Resin Type (Polyester, Vinyl Resin, and Others), Fiber Type (Glass Fiber and Carbon Fiber), and Application (Electrical Industry, Automotive Industry, and Others)
- Report Date : Nov 2020
- Report Code : TIPRE00016312
- Category : Chemicals and Materials
- Status : Published
- Available Report Formats :
- No. of Pages : 94
The Europe bulk molding compound market 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.
Germany, UK France, Italy and Russia are major economies in Europe. The increase in demand for lightweight, high strength, and fire resistance materials by various industrial sector is driving the Europe bulk molding compound market. The demand for lightweight materials with high tensile strength is on the rise amongst several sectors such as automotive, aerospace and construction and many others. The use of lightweight materials has a direct impact upon the overall dynamics and structure of the components in which they are used. BMC is one such compound material, which are manufactured with the help of thermosetting polymeric matrices. It is known to possess several properties such as good mouldability, high dimensional stability, excellent mechanical and electrical properties, resistance from chemical and corrosion and others. Other than this, it is known for their lightweight nature and are quite economical which makes them ideal component to be across several application bases. The demand for BMC compounds have considerably increased across automotive and aerospace industry owing to rise in advancement and innovation in these industries. Weight along with strength has become a significant factor for the performance of a vehicle. A slight reduction in the weight can improve the performance of a vehicle. This has offered a great scope in the growth of Europe Bulk Molding Compound (BMC) Market in scenario.
Presently, major countries in Europe are under lockdown due to the COVID 19 pandemic. In the high-impact countries in the region, isolation and social distancing measures have been put in place. The lesser production of goods and commodities is hampering the growth of the Europe bulk molding compound market as the demand for these solutions has declined over the past couple of months. Russia has reported the highest number of confirmed cases of as the disease in the European region. The outbreak and measures taken to contain the infection spread are likely to impact the food & beverages industry in the region, mainly due to disruptions in supply and distribution chain. In addition, the overall manufacturing processes, research, and development activities will also impact market growth.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe bulk molding compound market. The market is expected to grow at a good CAGR during the forecast period.
Europe Bulk molding compound Market Revenue and Forecast to 2027 (US$ Mn)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Europe Bulk Molding Compound Market Segmentation
Europe Bulk Molding Compound Market, by Resin Type
- Polyester
- Vinyl Resin
- Others
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
Europe Bulk Molding Compound (BMC) Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 239.60 Million |
| Market Size by 2027 | US$ 340.02 Million |
| Global CAGR (2020 - 2027) | 4.6% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Resin Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- Core Molding Technologies
- IDI Composites International
- Toray TCAC Holding B.V.
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- PolyntSpA
- SHOWA DENKO K.K.
- Dasyc S.A
- Lorenz Kunststofftechnik GMBH
- HGGC, LLC.
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