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Europe SMC BMC Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Resin Type; Fiber Type; End-Use Industry

  • ID: 5028586
  • Report
  • May 2020
  • Region: Europe
  • 143 pages
  • The Insight Partners

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FEATURED COMPANIES

  • ASTAR S.A.
  • Core Molding Technologies
  • HGGC, LLC.
  • LORENZ
  • MENZOLIT
  • Polynt SpA
The European SMC BMC market was valued at US$ 619.72 million in 2018 and is projected to reach US$ 1,095.82 million by 2027; it is expected to grow at a CAGR of 6.6% during the forecast period.

Sheet molding composite (SMC) or sheet molding compound is known as a ready to mold glass-fiber-reinforced with polyester material primarily used in compression molding. The sheet is provided by the manufacturers in the form of rolls weighing up to 1000 kg. Alternatively, the resin coupled with related materials can be mixed on-site, according to the requirement to gain control over the chemistry and filler. This is manufactured by dispersing long strands of chopped fiber, basically glass fibers or carbon fibers on a bath of thermoset resin, such as polyester resin, vinyl ester resin, and epoxy resin. The longer fibers present in SMC results in better strength compared to sheet and bulk molding compounds (BMC) products. There are several applications of SMC, such as demanding electrical applications, corrosion resistant needs, structural components at low cost, automotive, and transit. Bulk molding compound is a ready-to-mold, glass-fiber reinforced thermoset polymer material used in compression molding, along with in injection molding and transfer molding.

Based on resin type, the SMC BMC market is categorized into polyester and others. In 2018, the polyester segment dominated the European SMC BMC market; however, the other resin type segment is expected to grow at a rapid pace during the forecast period. Based on fibre type, European SMC BMC market is bifurcated into glass fibre and carbon fibre. Based on end-use industry, the SMC BMC market is segmented into automotive and transportation, aerospace, electrical and electronics, building and construction, and others. In 2018, the automotive and transportation segment accounted for the largest share in European SMC BMC market. Light-weight, corrosion resistant, and flame & heat resistance are the notable properties propelling the demand for of SMC BMC among the automotive and transportation segment.

Based on country, the European SMC BMC market is segmented into Germany, the UK, France, Russia, and Rest of Europe. Germany holds the largest share in the European SMC BMC market. The SMC BMC compounds is extensively used in various industries such as the automotive and transportation industry, aerospace, home appliances, and electrical and electronic. Rapid growth in the automotive industry, coupled with the strong presence of automotive manufacturers is projected to propel the growth of the SMC BMC market in Germany. Rapid urbanization and infrastructure development in the country further boost the growth of the SMC BMC market in Germany.

ASTAR S.A., Core Molding Technologies, IDI Composites International, Toray TCAC Holding B.V., MENZOLIT, Polynt SpA, Showa Denko K.K., HGGC, LLC., Continental Structural Plastics Inc., LORENZ are among the major players in the European SMC BMC market.

Impact of COVID-19 Pandemic on SMC BMC Market

COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then it has spread across the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst affected countries in terms of positive cases and confirmed deaths as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The overall market breakdown due to COVID-19 is also affecting the growth of the SMC BMC market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.

Overall size of the European SMC BMC market has been derived in accordance to 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. 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 who typically take part in such a process include industry expert 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 European SMC BMC market.

Reasons to Buy
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe SMC BMC market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ASTAR S.A.
  • Core Molding Technologies
  • HGGC, LLC.
  • LORENZ
  • MENZOLIT
  • Polynt SpA
1. Introduction
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 Europe SMC BMC Market - By Resin Type
1.3.2 EuropeSMC BMC Market - By Fiber Type
1.3.3 EuropeSMC BMC Market - ByEnd-User Industry
1.3.4 EuropeSMC BMC Market - By Country

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. SMC BMC Market Landscape
4.1 Market Overview
4.2 PEST Analysis - Europe
4.3 Expert Opinions

5. SMC BMC Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising demand for lightweight, high strength, and fire & temperature resistance materials
5.1.2 Growth of construction industry
5.2 Market Restraints
5.2.1 High cost of raw materials in comparison with traditional materials
5.3 Market Opportunities:
5.3.1 Adoption of sustainable materials
5.4 Future Trends:
5.4.1 Rising adoption of low and ultra-low density SMC products
5.5 Impact Analysis

6. SMC BMC - Europe Market Analysis
6.1 EuropeSMC BMC Market Overview
6.2 EuropeSMC BMC Market Forecast and Analysis
6.3 Market Positioning

7. SMC BMC Market Analysis - By Resin Type
7.1 Overview
7.2 SMC BMC Market Breakdown, by Resin Type, (2018 &2027)
7.3 Polyester
7.3.1 Overview
7.3.2 Polyester Resin in SMC BMC Market, Revenue Forecast to 2027 (US$ Mn)
7.4 Others
7.4.1 Overview
7.4.2 Other Segment in SMC BMC Market, Revenue and Forecast to 2027 (US$ Mn)

8. SMC BMC Market Analysis - By Fiber Type
8.1 Overview
8.2 SMC BMC Market Breakdown, By Fiber Type,(2018 & 2027)
8.3 Glass Fiber
8.3.1 SMC BMC Market Revenue Via Glass Fiber Revenue and Forecast, to 2027 (US$ Mn)
8.4 Carbon Fibers
8.4.1 SMC BMC Market Revenue Via Carbon Fibers Revenue and Forecast, to 2027 (US$ Mn)

9. SMC BMC Market Analysis - By End-Use Industry
9.1 Overview
9.2 SMC BMC Market Breakdown, By End-Use Industry, (2018 &2027)
9.3 Automotive and Transportation
9.3.1 SMC BMC Market Revenue Via Automotive and Transportation Revenue and Forecast, to 2027 (US$ Mn)
9.4 Aerospace
9.4.1 SMC BMC Market Revenue Via Aerospace Revenue and Forecast, to 2027 (US$ Mn)
9.5 Electrical and Electronics
9.5.1 SMC BMC Market Revenue Via Electrical and Electronics Revenue and Forecast, to 2027 (US$ Mn)
9.6 Building and Construction
9.6.1 SMC BMC Market Revenue Via Building and Construction Revenue and Forecast, to 2027 (US$ Mn)
9.7 Others
9.7.1 SMC BMC Market Revenue Via Other Segment Revenue and Forecast, to 2027 (US$ Mn)

10. SMC BMC Market - Country Analysis
10.1 Overview
10.1.1 Europe:SMC BMC Market - Revenue and Forecast to 2027(US$ Mn)
10.1.2 Europe:SMC BMC Market, by Key Country
10.1.2.1 Germany: SMC BMC Market -Revenue and Forecast to 2027 (US$ Mn)
10.1.2.1.1 Germany: SMC BMC Market, by Resin Type
10.1.2.1.2 Germany: SMC BMC Market, by Fiber Type
10.1.2.1.3 Germany: SMC BMC Market, by End Use Industry
10.1.2.2 France: SMC BMC Market -Revenue and Forecast to 2027 (US$ Mn)
10.1.2.2.1 France: SMC BMC Market, by Resin Type
10.1.2.2.2 France: SMC BMC Market, by Fiber Type
10.1.2.2.3 France: SMC BMC Market, by End Use Industry
10.1.2.3 UK: SMC BMC Market -Revenue and Forecast to 2027 (US$ Mn)
10.1.2.3.1 UK: SMC BMC Market, by Resin Type
10.1.2.3.2 UK: SMC BMC Market, by Fiber Type
10.1.2.3.3 UK: SMC BMC Market, by End Use Industry
10.1.2.4 Russia: SMC BMC Market -Revenue and Forecast to 2027 (US$ Mn)
10.1.2.4.1 Russia: SMC BMC Market, by Resin Type
10.1.2.4.2 Russia: SMC BMC Market, by Fiber Type
10.1.2.4.3 Russia: SMC BMC Market, by End Use Industry
10.1.2.5 Rest of Europe: SMC BMC Market -Revenue and Forecast to 2027 (US$ Mn)
10.1.2.5.1 Rest of Europe: SMC BMC Market, by Resin Type
10.1.2.5.2 Rest of Europe: SMC BMC Market, by Fiber Type
10.1.2.5.3 Rest of Europe: SMC BMC Market, by End Use Industry

11. Overview- Impact of Covid-19 Outbreak

12. Impact of COVID-19 Pandemic on Europe SMC BMC Market
12.1 Europe: Impact assessment of COVID-19 Pandemic

13. Industry Landscape
13.1 Merger and Acquisition
13.2 Business Planning and Strategy
13.3 Product News

14. Company Profiles
14.1 ASTAR S.A.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Core Molding Technologies
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.3 IDI Composites International
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Toray TCAC Holding B.V.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 MENZOLIT
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Polynt SpA
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 SHOWA DENKO K.K.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.8 HGGC, LLC.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Continental Structural Plastics Inc.
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 LORENZ
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments

15. Appendix
15.1 About the Publisher
15.2 Glossary
Note: Product cover images may vary from those shown
  • ASTAR S.A.
  • Core Molding Technologies
  • IDI Composites International
  • Toray TCAC Holding B.V.
  • MENZOLIT
  • Polynt SpA
  • SHOWA DENKO K.K.
  • HGGC, LLC.
  • Continental Structural Plastics Inc.
  • LORENZ
Note: Product cover images may vary from those shown
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