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iCrowdNewswire Oct 27, 2020 10:20 AM ET

Thermoplastic Composites Market: Global Industry Analysis, Size, Share, Trends and Forecast by 2027


Thermoplastic Composites Market: Global Industry Analysis, Size, Share, Trends and Forecast by 2027

iCrowd Newswire - Oct 27, 2020

The global Thermoplastic Composites market is one of the fastest-growing markets in the world. The following report contains all the statistics and facts & figures related to the global Thermoplastic Composites market. Their business strategies, sales data, projections, and a host of other important data have been covered for an in-depth outlook. The report also has PEST analysis, SWOT analysis, risk analysis, and regional analysis. SABIC, Celenase Corporation, BASF SE, Lanxess AG, Solvay S.A. and more – all the leading companies operating in the global Thermoplastic Composites market and their business strategies have been profiled in this research report.

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Global Thermoplastic Composites Market is valued approximately at USD 21.5 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.5% over the forecast period 2020-2027. Thermoplastic Composites are advanced materials made from structural Polymer composites. These advanced materials have an additional benefit of chemical stability owing to their thermoplastic matrix. These materials can be molded as per requirement using thermal energy as when heated, thermoplastics soften and their shape can be changed and when cooled they solidify into the finished shape without any degradation. Hence the advantageous properties of thermoplastics, namely, fast processing, endurance of high temperatures and recyclability has made these materials a preferred choice in numerous end-use industries driving the market growth. As the Transportation sector is a major end-user of the thermoplastic composites. With the swelling demand for production of light weight automobiles and reduction in emission of CO2 OEMs are using thermoplastic Composites for light weight vehicle manufacture driving the market towards growth. For instance: the carbon emission limits for new cars in EU is proposed to drop from 130 grams to 95 grams per kilometer by the end of 2020. To achieve this target manufacturers, replace metal components of the vehicles with thermoplastic composites. Moreover, expanding use of these materials in Aerospace and Defense, consumer goods, electrical and electronics industries project lucrative market growth opportunities. However, relatively higher cost of raw materials impedes the growth of the market over the forecast period of 2020-2027. Although, Lower cost for consumers and improvement in product performance through innovation is expected to further augment the market growth during the forecast period.

The regional analysis of global Thermoplastic Composites market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the growing production of light weight vehicles and implementation of government laws in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising number of manufacturing facilities would create lucrative growth prospects for the Thermoplastic Composites market across Asia-Pacific region.

Major market player included in this report are:
SABIC
Celenase Corporation
BASF SE
Lanxess AG
Solvay S.A.
Mitsubishi Chemical Advanced Materials
SGL Group
DoWDuPont
Toray Industries, Inc.
Polyone Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Resin Type:
Polypropylene
Polyamide
Polyetheretherketone
Hybrid

By Fiber Type:
Glass
Carbon
Mineral

By Product Type:
Short-fiber Thermoplastic
Long-fiber Thermoplastic
Continuous-fiber Thermoplastic
Glass Mat Thermoplastic

By End-Use Industry:
Transportation
Consumer goods & electronics
Wind Energy
Construction
Aerospace & Defense
Others

By Region:
North America
U.S.
Canada
Europe
UK

Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Thermoplastic Composites Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

The market research report paints a clear picture of the global Thermoplastic Composites market by providing you with qualitative research and quantitative research based on which you can assess the market to make entry into the market, make investments, or make reports & presentations. Get in touch with Market Research Port for the most competitively priced report on the global Thermoplastic Composites market.

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Major Points From TOC:
Executive Summary
Global Thermoplastic Composites Market Definition and Scope
Global Thermoplastic Composites Market Dynamics
Global Thermoplastic Composites Market: Industry Analysis
Global Thermoplastic Composites Market, by Resin Type
Global Thermoplastic Composites Market, by Fiber Type
Global Thermoplastic Composites Market, by Product Type
Global Thermoplastic Composites Market, by End-Use Industry
Global Thermoplastic Composites Market, Regional Analysis
Competitive Intelligence
Research Process

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Keywords:    Thermoplastic Composites Market, Thermoplastic Composites Market Analysis, Thermoplastic Composites Market Trends, Thermoplastic Composites Market Forecast

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