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Europe Bulk Molding Compound Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Resin Type, Fiber Type, and Application

Europe Bulk Molding Compound Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Resin Type, Fiber Type, and Application

  • November 2020
  • 94 pages
  • ID: 5999672
  • Format: PDF
  • The Insight Partners
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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. The Europe bulk molding compound market is driven by the growth of construction industry across the region. Construction is one of the most dynamic industrial sectors for improving the standard of living across the world. Emerging trends such as growing demand for green construction to minimize carbon footprint, rising use of improved materials, and growing use of fiber-reinforced polymer composites for the rehabilitation of aging structures drive the growth of this industry. The demand for lightweight and strong materials such as metal alloys, composites and polymers is propelling the transformation in the construction industry. These compounds are preferred more than conventional materials such as iron, aluminum, and steel, as they are considered an important element in the field of fiber-reinforced plastics. Moreover, they are ideally used in the processing industry to meet its dynamic requirements. Thus, the Europe bulk molding compound market is anticipated to grow during the forecast period.
Based on application, the electrical segment led the Europe bulk molding compound market in 2019.Electronics is one of the earliest industries that used BMC in its applications.

The composite material is lighter and tougher than ceramics; also, it has better pigment ability than phenolic molding materials.It provides an ideal combination of chemical resistance, mechanical strength, electrical insulation, and heat resistance.

In the electrical and electronics industries, BMC is used in various applications—such as low voltage and medium voltage energy systems, cabinets, junction boxes, fuses and switchgear, motor and anchor insulations, encapsulation of wiring and electronic circuits, electrical components with reduced surface resistivity, and in lamp housings—for best results and maximum benefits.
Several European countries are observing lockdown to limit the spread of the COVID-19.In the highly affected countries, social distancing has been imposed.

As per the recent data, Russia has reported the highest number of the COVID-19 cases in Europe. Also, Spain, Germany, France, and the UK are adversely affected and expected to suffer an economic downturn due to the lack of revenues from various industries.
The overall Europe 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 Europe 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 Europe bulk molding compound market. 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 are among the players operating in the Europe bulk molding compound market.

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