Europe Bulk Molding Compound (BMC) Market
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.
Strategic insights for the Europe 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.
| 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 |
The geographic scope of the Europe 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 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.
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.
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.
Europe Bulk molding compound Market, by Resin Type
Europe Bulk molding compound Market, by Fiber Type
Europe Bulk molding compound Market – by Application
Europe Bulk molding compound Market – by Country
The Europe Bulk Molding Compound (BMC) Market is valued at US$ 239.60 Million in 2019, it is projected to reach US$ 340.02 Million by 2027.
As per our report Europe Bulk Molding Compound (BMC) Market, the market size is valued at US$ 239.60 Million in 2019, projecting it to reach US$ 340.02 Million by 2027. This translates to a CAGR of approximately 4.6% during the forecast period.
The Europe Bulk Molding Compound (BMC) Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Bulk Molding Compound (BMC) Market report:
The Europe Bulk Molding Compound (BMC) Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Bulk Molding Compound (BMC) Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Bulk Molding Compound (BMC) Market value chain can benefit from the information contained in a comprehensive market report.
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