Thermoplastic Composites Market Fiber Type (Glass, Carbon), Resin Type (PP, PA, PEEK), Product Type (Short Fiber, Long Fiber, Continuous Fiber, Glass Mat), Application (E&E, Transportation, A&D) and Region - Global Forecast to 2022

  • ID: 4433429
  • Report
  • Region: Global
  • 149 Pages
  • Markets and Markets
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Thermoplastic Composites Market worth 41.93 Billion USD by 2022

FEATURED COMPANIES

  • BASF SE
  • Dieffenbacher
  • JNC Corporation
  • Lanxess AG
  • PPG Fiber Glass Inc.
  • Rtp Company, Inc.
  • MORE

“The thermoplastic composites market is projected to grow at a CAGR of 8.34% from 2017 to 2022 in terms of value.”

The thermoplastic composites market is projected to grow from USD 28.09 billion in 2017 to USD 41.93 billion by 2022, at a CAGR of 8.34% from 2017 to 2022. Increasing use of thermoplastic composites in various applications such as aerospace & defense and transportation is fueling the growth of the thermoplastic composites market across the globe. The stringent implementation of various regulations such as the Corporate Average Fuel Efficiency (CAFE) standards and the European Emission Standards (EES) formulated by the US and European governments, respectively to reduce CO2 emissions has led to the increased use of lightweight composites for manufacturing automobiles. These lightweight materials not only contribute to the aesthetic value of automobiles but also offer high resistance to fire, smoke, and toxicity. The high costs of raw materials leading to increased investments for manufacturing new and advanced thermoplastic composites are restricting the growth of the thermoplastic composites market across the globe.

“Based on resin type, the polypropylene resin segment is projected to lead the thermoplastic composites market during the forecast period, in terms of both, value as well as volume.”

Polypropylene resins are widely used in transportation, electrical & electronics, marine, sporting goods, and building & construction applications, thereby contributing to the growth of the polypropylene resin segment of the thermoplastic composites market across the globe. Significant properties offered by polypropylene resins, which include high chemical resistance, fatigue resistance, insulation, elasticity, transmissivity, cost efficiency, and toughness contribute to their increased use in various applications.

“Among fiber types, the carbon fiber thermoplastic composites segment of the thermoplastic composites market is projected to grow at the highest CAGR during the forecast period in terms of both, value as well as volume.”

Manufacturers of thermoplastic composites are increasingly adopting high-performance carbon fibers to manufacture Carbon-Fiber-Reinforced Thermoplastics (CFRTP), which are not only lightweight but also offer increased stiffness. The carbon fiber thermoplastic composites segment of the thermoplastic composites market is witnessing significant growth due to various technological innovations in the manufacturing processes of new high-value CFRTP, which is used in aerospace & defense and transportation applications.

“The Asia Pacific thermoplastic composites market is projected to grow at the highest CAGR, in terms of both, value as well as volume between 2017 and 2022.”

The Asia Pacific thermoplastic composites market is projected grow at the highest CAGR during the forecast period. The growth of the Asia Pacific thermoplastic composites market can be attributed to increased use of thermoplastic composites in electrical & electronics and transportation applications. The increased production of vehicles made of thermoplastic composites is an emerging trend in the automobile industry of the region as these vehicles have high potential to meet the strict government regulations regarding the reduction of CO2 emissions.

This study has been validated through primaries conducted with various industry experts across the globe.

These primary sources have been divided into the following three categories:

  • By Company Type- Tier 1 - 21%, Tier 2 - 37%, and Tier 3 - 42%
  • By Designation- C-Level Executives - 30%, Directors - 25%, and Others - 45%
  • By Region- Asia Pacific - 40%, North America - 20%, Europe - 27%, the Middle East & Africa - 7%, and Latin America - 6%

The report provides a comprehensive analysis of the profiles of the companies listed below:

  • Celanese Corporation (US)
  • DuPont (US)
  • Royal DSM N.V. (Netherlands)
  • Koninklijke Ten Cate bv (Netherlands)
  • SABIC (Saudi Arabia)
  • Lanxess AG (Germany)
  • Solvay S.A. (Belgium)
  • BASF SE (Germany)
  • PlastiComp, Inc. (US)
  • PolyOne Corporation (US)
  • Quadrant AG (Switzerland)

Research Coverage:

This report covers the thermoplastic composites market and forecasts the size of the market till 2022. The report includes the segmentation of the thermoplastic composites market based on fiber type, resin type, application, product type, and region. The Porter’s five force analysis, along with drivers, restraints, challenges, and opportunities of the thermoplastic composites market have been discussed in the report. The report also provides company profiles and competitive benchmarking adopted by the major players operating in the thermoplastic composites market.

Benefits of Buying the Report

The report is expected to help market leaders/new entrants in the thermoplastic composites market in the following ways:

  • This report comprehensively segments the thermoplastic composites market and provides the closest approximations of revenues for the overall market and its subsegments across different verticals and regions.
  • The report helps stakeholders understand the pulse of the market and provides them with the information on key drivers, restraints, challenges, and opportunities for the thermoplastic composites market.
  • This report is also expected to help the stakeholders understand their competitors and gain insights to improve their position in the thermoplastic composites market. The competitive landscape section includes an ecosystem of competitors and detailed information on new product developments, expansions & investments, partnerships, agreements & contracts, and acquisitions.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BASF SE
  • Dieffenbacher
  • JNC Corporation
  • Lanxess AG
  • PPG Fiber Glass Inc.
  • Rtp Company, Inc.
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Thermoplastic Composites Market
4.2 Thermoplastic Composites Market, By Product Type
4.3 Thermoplastic Composites Market, By Application and Region
4.4 Thermoplastic Composites Market, By Resin Type
4.5 Thermoplastic Composites Market, By Fiber Type
4.6 Thermoplastic Composites Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand in Transportation and Aerospace & Defense Applications
5.2.1.2 Exceptional Properties Such as Recyclability, High Impact Strength, and High Rigidity
5.2.2 Restraints
5.2.2.1 High Raw Material Cost
5.2.2.2 Difficulty in Fiber Reinforcement to Form Composites
5.2.3 Opportunities
5.2.3.1 Increased Demand for Thermoplastic Composites From Emerging Countries
5.2.3.2 Mass Production Due to Technological Advancement
5.2.4 Challenges
5.2.4.1 to Produce Low-Cost Thermoplastic Composites
5.2.4.2 Restricted Reprocessing of Thermoplastic Composites
5.3 Porter’s Five Forces Analysis
5.3.1 Threat From New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry

6 Macroeconomic Overview
6.1 Introduction
6.2 Trends and Forecast of GDP
6.3 Per Capita GDP vs Per Capita Thermoplastic Composites Demand
6.4 Trends and Forecast of Construction Industry
6.5 Trends in Automotive Industry
6.6 Trends in the Aerospace Industry
6.7 Air Traffic Trends in the Aerospace Industry

7 Thermoplastic Composites Market, By Fiber Type
7.1 Introduction
7.2 Glass Fiber
7.3 Carbon Fiber
7.4 Others

8 Thermoplastic Composites Market, By Resin Type
8.1 Introduction
8.2 Polypropylene (PP)
8.3 Polyamide (PA)
8.4 Polyetheretherketone (PEEK)
8.5 Others

9 Thermoplastic Composites Market, By Product Type
9.1 Introduction
9.2 Short Fiber Thermoplastic (SFT)
9.3 Long Fiber Thermoplastic (LFT)
9.4 Continuous Fiber Thermoplastic (CFT)
9.5 Glass Mat Thermoplastic (GMT)

10 Thermoplastic Composites Market, By Application
10.1 Introduction
10.2 Transportation
10.3 Electrical & Electronics (E&E)
10.4 Aerospace & Defense
10.5 Others

11 Thermoplastic Composites Market, By Region
11.1 Introduction
11.2 North America
11.2.1 North America, By Application
11.2.2 North America, By Product Type
11.2.3 North America, By Country
11.2.3.1 Us
11.2.3.2 Canada
11.3 Europe
11.3.1 Europe, By Application
11.3.2 Europe, By Product Type
11.3.3 Europe, By Country
11.3.3.1 Germany
11.3.3.2 France
11.3.3.3 Belgium
11.3.3.4 Netherlands
11.3.3.5 UK
11.3.3.6 Switzerland
11.4 APAC
11.4.1 APAC, By Application
11.4.2 APAC, By Product Type
11.4.3 APAC, By Country
11.4.3.1 China
11.4.3.2 South Korea
11.4.3.3 Japan
11.4.3.4 Australia & New Zealand
11.4.3.5 India
11.5 Latin America
11.5.1 Latin America, By Application
11.5.2 Latin America, By Product Type
11.5.3 Latin America, By Country
11.5.3.1 Brazil
11.5.3.2 Mexico
11.6 Middle East & Africa (MEA)
11.6.1 MEA By Application
11.6.2 MEA, By Product Type
11.6.3 MEA, By Country
11.6.3.1 UAE
11.6.3.2 South Africa

12 Competitive Landscape
12.1 Overview
12.2 Market Share Analysis
12.3 Competitive Situation and Trends
12.3.1 New Product Developments
12.3.2 Expansions & Investments
12.3.3 Acquisitions
12.3.4 Partnerships, Agreements, & Contracts

13 Company Profiles
Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View
13.1 Lanxess AG
13.2 Celanese Corporation
13.3 Solvay S.A.
13.4 Polyone Corporation
13.5 Royal DSM N.V.
13.6 Dupont
13.7 Koninklijke Ten Cate BV
13.8 SABIC
13.9 BASF SE
13.10 Plasticomp Inc.
13.11 Quadrant AG
*Details Might Not Be Captured in Case of Unlisted Companies.
13.12 Other Companies
13.12.1 PPG Fiber Glass Inc.
13.12.2 Technocompound GmbH
13.12.3 Dieffenbacher
13.12.4 JNC Corporation
13.12.5 Kingfa
13.12.6 Sbhpp
13.12.7 Daicel Polymer Ltd.
13.12.8 Asahi Kasei Plastics North America Inc.
13.12.9 Rtp Company, Inc.
13.12.10 Teijin Limited
13.12.11 Victrex
13.12.12 Hanwha Azdel
13.12.13 Suprem SA

14 Appendix
14.1 Insights From Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store
14.4 Introducing RT: Real-Time Market Intelligence
14.5 Available Customizations
14.6 Related Reports
14.7 Author Details

List of Tables:
Table 1 Trends and Forecast of GDP, 2016-2022 (USD Billion)
Table 2 Per Capita GDP vs Per Capita Thermoplastic Composites Demand, 2016
Table 3 Trends and Forecast of Construction Industry in North America, 2015-2022 (USD Billion)
Table 4 Trends and Forecast of Construction Industry in Europe, 2015-2022 (USD Billion)
Table 5 Trends and Forecast of Construction Industry in APAC, 2015-2022 (USD Billion)
Table 6 Trends and Forecast of Construction Industry in MEA, 2015-2022 (USD Billion)
Table 7 Trends and Forecast of Construction Industry in Latin America, 2015-2022 (USD Billion)
Table 8 Automotive Production, 2011-2016 (Million Units)
Table 9 Number of New Airplane Deliveries, By Region, 2016-2035
Table 10 Air Traffic Trends in the Aerospace Industry, By Region, 2011-2015, (Revenue Passenger Kilometers)
Table 11 Thermoplastic Composites Market Size, By Fiber Type, 2015-2022 (USD Million)
Table 12 Thermoplastic Composites Market Size, By Fiber Type, 2015-2022 (Kiloton)
Table 13 Glass Fiber Thermoplastic Composites Market Size, By Region, 2015-2022 (USD Million)
Table 14 Glass Fiber Thermoplastic Composites Market Size, By Region, 2015-2022 (Kiloton)
Table 15 Carbon Fiber Thermoplastic Composites Market Size, By Region, 2015-2022 (USD Million)
Table 16 Carbon Fiber Thermoplastic Composites Market Size, By Region, 2015-2022 (Kiloton)
Table 17 Other Fiber Thermoplastic Composites Market Size, By Region, 2015-2022 (USD Million)
Table 18 Other Fiber Thermoplastic Composites Market Size, By Region, 2015-2022 (Kiloton)
Table 19 Thermoplastic Composites Market Size, By Resin Type, 2015-2022 (USD Million)
Table 20 Thermoplastic Composites Market Size, By Resin Type, 2015-2022 (Kiloton)
Table 21 PP-Based Thermoplastic Composites Market Size, By Region, 2015-2022 (USD Million)
Table 22 PP-Based Thermoplastic Composites Market Size, By Region, 2015-2022 (Kiloton)
Table 23 PA-Based Thermoplastic Composites Market Size, By Region, 2015-2022 (USD Million)
Table 24 PA-Based Thermoplastic Composites Market Size, By Region, 2015-2022 (Kiloton)
Table 25 PEEK-Based Thermoplastic Composites Market Size, By Region, 2015-2022 (USD Million)
Table 26 PEEK-Based Thermoplastic Composites Market Size, By Region, 2015-2022 (Kiloton)
Table 27 Other Resins-Based Thermoplastic Composites Market Size, By Region, 2015-2022 (USD Million)
Table 28 Other Resins-Based Thermoplastic Composites Market Size, By Region, 2015-2022 (Kiloton)
Table 29 Thermoplastic Composites Market Size, By Product Type, 2015-2022 (USD Million)
Table 30 Thermoplastic Composites Market Size, By Product Type, 2015-2022 (Kiloton)
Table 31 SFT Composites Market Size, By Region, 2015-2022 (USD Million)
Table 32 SFT Composites Market Size, By Region, 2015-2022 (Kiloton)
Table 33 LFT Composites Market Size, By Region, 2015-2022 (USD Million)
Table 34 LFT Composites Market Size, By Region, 2015-2022 (Kiloton)
Table 35 CFT Composites Market Size, By Region, 2015-2022 (USD Million)
Table 36 CFT Composites Market Size, By Region, 2015-2022 (Kiloton)
Table 37 GMT Composites Market Size, By Region, 2015-2022 (USD Million)
Table 38 GMT Composites Market Size, By Region, 2015-2022 (Kiloton)
Table 39 Thermoplastic Composites Market Size, By Application, 2015-2022 (USD Million)
Table 40 Thermoplastic Composites Market Size, By Application, 2015-2022 (Kiloton)
Table 41 Thermoplastic Composites Market Size in Transportation Application, By Region, 2015-2022 (USD Million)
Table 42 Thermoplastic Composites Market Size in Transportation Application, By Region, 2015-2022 (Kiloton)
Table 43 Thermoplastic Composites Market Size in E&E Application, By Region, 2015-2022 (USD Million)
Table 44 Thermoplastic Composites Market Size in E&E Application, By Region, 2015-2022 (Kiloton)
Table 45 Thermoplastic Composites Market Size in Aerospace & Defense Application, By Region, 2015-2022 (USD Million)
Table 46 Thermoplastic Composites Market Size in Aerospace & Defense Application, By Region, 2015-2022 (Kiloton)
Table 47 Thermoplastic Composites Market Size in Other Applications, By Region, 2015-2022 (USD Million)
Table 48 Thermoplastic Composites Market Size in Other Applications, By Region, 2015-2022 (Kiloton)
Table 49 Thermoplastic Composites Market Size, By Region, 2015-2022 (USD Million)
Table 50 Thermoplastic Composites Market Size, By Region, 2015-2022 (Kiloton)
Table 51 North America: Thermoplastic Composites Market Size, By Application, 2015-2022 (USD Million)
Table 52 North America: Thermoplastic Composites Market Size, By Application, 2015-2022 (Kiloton)
Table 53 North America: Thermoplastic Composites Market Size, By Product Type, 2015-2022 (USD Million)
Table 54 North America: Thermoplastic Composites Market Size, By Product Type, 2015-2022 (Kiloton)
Table 55 North America: Thermoplastic Composites Market Size, By Country, 2015-2022 (USD Million)
Table 56 North America: Thermoplastic Composites Market Size, By Country, 2015-2022 (Kiloton)
Table 57 Europe: Thermoplastic Composites Market Size, By Application, 2015-2022 (USD Million)
Table 58 Europe: Thermoplastic Composites Market Size, By Application, 2015-2022 (Kiloton)
Table 59 Europe: Thermoplastic Composites Market Size, By Product Type, 2015-2022 (USD Million)
Table 60 Europe: Thermoplastic Composites Market Size, By Product Type, 2015-2022 (Kiloton)
Table 61 Europe: Thermoplastic Composites Market Size, By Country, 2015-2022 (USD Million)
Table 62 Europe: Thermoplastic Composites Market Size, By Country, 2015-2022 (Kiloton)
Table 63 APAC: Thermoplastic Composites Market Size, By Application, 2015-2022 (USD Million)
Table 64 APAC: Thermoplastic Composites Market Size, By Application, 2015-2022 (Kiloton)
Table 65 APAC: Thermoplastic Composites Market Size, By Product Type, 2015-2022 (USD Million)
Table 66 APAC: Thermoplastic Composites Market Size, By Product Type, 2015-2022 (Kiloton)
Table 67 APAC: Thermoplastic Composites Market Size, By Country, 2015-2022 (USD Million)
Table 68 APAC: Thermoplastic Composites Market Size, By Country, 2015-2022 (Kiloton)
Table 69 Latin America: Thermoplastic Composites Market Size, By Application, 2015-2022 (USD Million)
Table 70 Latin America: Thermoplastic Composites Market Size, By Application, 2015-2022 (Kiloton)
Table 71 Latin America: Thermoplastic Composites Market Size, By Product Type, 2015-2022 (USD Million)
Table 72 Latin America: Thermoplastic Composites Market Size, By Product Type, 2015-2022 (Kiloton)
Table 73 Latin America: Thermoplastic Composites Market Size, By Country, 2015-2022 (USD Million)
Table 74 Latin America: Thermoplastic Composites Market Size, By Country, 2015-2022 (Kiloton)
Table 75 MEA: Thermoplastic Composites Market Size, By Application, 2015-2022 (USD Million)
Table 76 MEA: Thermoplastic Composites Market Size, By Application, 2015-2022 (Kiloton)
Table 77 MEA: Thermoplastic Composites Market Size, By Product Type, 2015-2022 (USD Million)
Table 78 MEA: Thermoplastic Composites Market Size, By Product Type, 2015-2022 (Kiloton)
Table 79 MEA: Thermoplastic Composites Market Size, By Country, 2015-2022 (USD Million)
Table 80 MEA: Thermoplastic Composites Market Size, By Country, 2015-2022 (Kiloton)
Table 81 New Product Developments, 2016-2017
Table 82 Expansions & Investments, 2015-2017
Table 83 Acquisitions, 2015-2017
Table 84 Partnerships, Agreements, & Contracts, 2017

List of Figures:
Figure 1 Thermoplastic Composites: Market Segmentation
Figure 2 Thermoplastic Composites Market: Research Methodology
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Thermoplastic Composites Market: Data Triangulation
Figure 6 SFT to Lead the Thermoplastic Composites Market Between 2017 and 2022
Figure 7 E&E Application to Lead Thermoplastic Composites Market Between 2017 and 2022
Figure 8 China to Be the Fastest-Growing Thermoplastic Composites Market, Between 2017 and 2022
Figure 9 Glass Fiber Thermoplastic Composites to Dominate Market Between 2017 and 2022
Figure 10 PP Resin to Dominate Thermoplastic Composites Market Between 2017 and 2022
Figure 11 APAC to Be the Largest and Fastest-Growing Thermoplastic Composites Market Between 2017 and 2022
Figure 12 Increased Demand From Transportation to Drive the Thermoplastic Composites Market Between 2017 and 2022
Figure 13 SFT Composites to Dominate Market Between 2017 and 2022
Figure 14 E&E Application Dominated Thermoplastic Composites Market in 2016
Figure 15 PP to Dominate Thermoplastic Composites Market Between 2017 and 2022
Figure 16 Carbon Fiber to Register the Highest CAGR Between 2017 and 2022
Figure 17 China to Be the Fastest-Growing Market During the Forecast Period
Figure 18 Drivers, Restraints, Opportunities, and Challenges in Thermoplastic Composites Market
Figure 19 Porter’s Five Forces Analysis of Thermoplastic Composites Market
Figure 20 Per Capita GDP vs Per Capita Thermoplastic Composites Demand
Figure 21 New Airplane Deliveries, By Region, 2016-2035
Figure 22 Glass Fiber to Dominate the Thermoplastic Composites Market Between 2017 and 2022
Figure 23 APAC to Lead the Glass Fiber Thermoplastic Composites Market, Between 2017 and 2022
Figure 24 North America to Lead Carbon Fiber Thermoplastic Composites Market, Between 2017 and 2022
Figure 25 PP-Based Thermoplastic Composites Market to Register the Highest CAGR Between 2017 and 2022
Figure 26 North America to Register the Highest CAGR in the PP-Based Thermoplastic Composites Market Between 2017 and 2022
Figure 27 APAC to Lead the PA-Based Thermoplastic Composites Market
Figure 28 LFT Composites Expected to Register A Higher CAGR Between 2017 and 2022
Figure 29 E&E Application to Lead the Thermoplastic Composites Market Between 2017 and 2022
Figure 30 APAC to Be the Fastest-Growing Thermoplastic Composites Market in Transportation Application, 2017-2022
Figure 31 APAC to Dominate the Thermoplastic Composites Market in E&E Application Between 2017 and 2022
Figure 32 North America to Be the Fastest-Growing Thermoplastic Composites in Aerospace & Defense Application
Figure 33 China to Lead the Thermoplastic Composites Market Between 2017 and 2022
Figure 34 North America Snapshot: US is the Most Lucrative Market
Figure 35 Germany is the Fastest-Growing Thermoplastic Composites Market in Europe
Figure 36 APAC Snapshot: China is the Largest Thermoplastic Composites Market
Figure 37 Companies Adopted Expansions & Investments as the Key Growth Strategy Between 2015-2017
Figure 38 Market Share Analysis of Key Players, 2016
Figure 39 Lanxess AG: Company Snapshot
Figure 40 Celanese Corporation: Company Snapshot
Figure 41 Solvay S.A.: Company Snapshot
Figure 42 Polyone Corporation: Company Snapshot
Figure 43 Royal DSM N.V.: Company Snapshot
Figure 44 Dupont: Company Snapshot
Figure 45 Koninklijke Ten Cate BV: Company Snapshot
Figure 46 SABIC: Company Snapshot
Figure 47 BASF SE: Company Snapshot

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BASF SE
  • Dieffenbacher
  • JNC Corporation
  • Lanxess AG
  • PPG Fiber Glass Inc.
  • Rtp Company, Inc.
  • MORE

The thermoplastic composites market is projected to grow from USD 28.09 Billion in 2017 to USD 41.93 Billion by 2022, at a CAGR of 8.34% between 2017 and 2022. The growth of the thermoplastic composites market can be attributed to increased demand for thermoplastic composites from various end-use industries. Thermoplastic composites are being increasingly used in various end-use industries due to their easy recyclability, less curing time, high strength, and increased rigidity. Technological advancements in manufacturing processes of thermoplastic composites are expected to be the key factor fueling the growth of the thermoplastic composites market across the globe.

The thermoplastic composites market has been segmented based on fiber type, resin type, product type, application, and region. Based on fiber type, the market has been classified into glass fiber thermoplastic composites, carbon fiber thermoplastic composites, and others. The glass fiber thermoplastic composites segment is projected to lead the thermoplastic composites market during the forecast period as glass fiber thermoplastic composites are being increasingly used in various applications due to their significant properties and cost-effectiveness. The carbon fiber thermoplastic composites segment of the thermoplastic composites market is projected to grow at the highest CAGR during the forecast period in terms of both, value as well as volume. Carbon fiber thermoplastic composites are used in transportation and aerospace & defense applications as they are lightweight and offer increased stiffness.

Based on resin type, the thermoplastic composites market has been classified into polypropylene resin, polyamide resin, polyetheretherketone resin, and others. The polypropylene resin segment is projected to lead the thermoplastic composites market during the forecast period in terms of both, value as well as volume. Polypropylene resins offer high chemical resistance, fatigue resistance, insulation, elasticity, transmissivity, and toughness. These resins are suitable for applications such as transportation, electrical & electronics, marine, sporting goods, and building & construction, among others.

Based on product type, the thermoplastic composites market has been segmented into short fiber thermoplastic composites, long fiber thermoplastic composites, continuous fiber thermoplastic composites, and glass mat thermoplastic composites. The short fiber thermoplastic composites segment is projected to lead the thermoplastic composites market due to low costs of short fiber thermoplastic composites, ease of their manufacturing, and less processing time involved in their manufacturing.

Among applications, the electrical & electronics segment is projected to lead the thermoplastic composites market during the forecast period, in terms of both, value as well as volume. The growth of this segment of the market can be attributed to the increased demand for thermoplastic composites to fabricate electrical connectors and accessories, electronics equipment, and consumer goods. Thermoplastic composites are increasingly being used in electrical & electronics and consumer goods applications due to their high impact resistance, increased strength, and improved durability. Moreover, they also reduce the overall weight of components manufactured from them.

The Asia Pacific region is the largest market for thermoplastic composites across the globe. The growth of the Asia Pacific thermoplastic composites market can be attributed to the increased use of thermoplastic composites in electrical & electronics and transportation applications. The continuous increase in the consumption of products manufactured from thermoplastic composites in the Asia Pacific region is also fueling the growth of the Asia Pacific thermoplastic composites market across the globe. Increased demand for thermoplastic composites from various end-use industries, formulation of various policies to control CO2 emissions, and rise in demand for environment-friendly products from the region are also fueling the growth of the Asia Pacific thermoplastic composites market. China is the leading market of thermoplastic composites in the Asia Pacific region.

The high costs involved in the manufacturing of thermoplastic composites due to high prices of raw materials and difficulty in fiber reinforcement to form thermoplastic composites are major restraints to the growth of thermoplastic composites market across the globe.

Celanese Corporation (US), DuPont (US), Royal DSM N.V. (Netherlands), Koninklijke Ten Cate bv (Netherlands), SABIC (Saudi Arabia), Lanxess AG (Germany), Solvay S.A. (Belgium), BASF SE (Germany), PlastiComp, Inc. (US), PolyOne Corporation (US), and Quadrant AG (Switzerland), among others, are the key players operating in the thermoplastic composites market.

Lanxess AG (Germany) and Celanese Corporation (US) are the leading players in the thermoplastic composites market. These key players emphasize the excellence of consumer-centric product creation. They focus on new product developments, acquisitions, expansions & investments, partnerships, and agreements & contracts to enhance their position in the thermoplastic composites market. These companies are carrying out continuous improvements in their businesses to enhance their position in the market.

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  • Asahi Kasei Plastics North America Inc.
  • BASF SE
  • Celanese Corporation
  • Daicel Polymer Ltd.
  • Dieffenbacher
  • Dupont
  • Hanwha Azdel
  • JNC Corporation
  • Kingfa
  • Koninklijke Ten Cate BV
  • Lanxess AG
  • Plasticomp Inc.
  • Polyone Corporation
  • PPG Fiber Glass Inc.
  • Quadrant AG
  • Royal DSM N.V.
  • Rtp Company, Inc.
  • SABIC
  • Sbhpp
  • Solvay S.A.
  • Suprem SA
  • Technocompound GmbH
  • Teijin Limited
  • Victrex
Note: Product cover images may vary from those shown
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