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Thermoplastic Composites Market by Resin Type (Polypropylene, Polyamide, Polyetheretherketone, Hybrid), Fiber Type (Glass, Carbon, Mineral), Product Type (SFT, LFT, CFT, GMT), End-Use Industry, and Region - Global Forecast to 2025

  • ID: 5136171
  • Report
  • August 2020
  • Region: Global
  • 221 Pages
  • Markets and Markets
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The Global Thermoplastic Composites Market Size is Projected to Grow from USD 22.2 Billion in 2020 to USD 31.8 Billion by 2025, at a CAGR of 7.5%

FEATURED COMPANIES

  • BASF SE
  • DAICEL POLYMER LTD
  • Lanxess A.G.
  • SABIC
  • SOLVAY
  • TENCATE
  • MORE

Composites offer exceptional properties, such as stiffness, strength, tenacity, density, thermal & electrical conductivity, fatigue, and corrosion resistance. Owing to these outstanding properties offered by the composites, they are preferred over conventional materials such as aluminum steel in high-performance applications in several end-use industries. However, global pandemic disease COVID-19 has forced the automotive, wind blade, and aircraft manufacturers to shut down their operations, which is expected to decrease the demand for composites in 2020.

Carbon fiber thermoplastic composites are the fastest-growing fiber type of thermoplastic composites market in terms of value.

Carbon fiber thermoplastic composites are projected to register the highest CAGR in terms of value between 2020 and 2025. Carbon fiber is twice as strong, and 30% lighter compared to glass and natural fiber and has been used in high-end applications to offer FST properties, lightweight, corrosion resistance, and high strength. However, due to COVID-19, carbon fiber thermoplastic composites production and demand have reduced. It is expected that advancement in carbon fiber manufacturing and a decrease in crude oil prices would result in a reduction of carbon fiber thermoplastic composites prices. This, in turn, would bolster the growth and penetration of carbon fiber thermoplastic composites in various end-use industries.
 
PEEK is the fastest-growing resin type of thermoplastic composites, in terms of value.

PEEK based thermoplastic composites have high demand in the aerospace & defense, automotive, and medical industries. PEEK resin offers extreme toughness and high environmental and fire resistance properties. PEEK resin-based thermoplastic composites offer improved thermal stability in high-temperature applications and are resistant to chemicals and fatigue environments. Their carbon fiber reinforcement grade offers a high level of rigidity and creeps strength. However, due to COVID-19 and prices increase, the demand for PEEK is expected to fall in 2020 and would recover after the stabilization in the global economy.

Long fiber thermoplastic (LFT )is expected to witness the highest CAGR in the thermoplastic composites market in terms of value.

LFT is expected to register the highest growth during the forecast period owing to moderate cost and comparable superior with CFT. LFT bridges the cost gap and performance properties between SFT and CFT. LFT majorly employs glass and carbon fibers that are compatible with a wide range of thermoplastic composites. Thus there is a high demand for LFT from various end-use industries in the thermoplastic composites market. Due to COVID-19, there is a decreased demand for LFT in wind energy, consumer goods & electronics, construction, transportation, and aerospace & defense industries. The recovery in these industries post COVID-19 pandemic would restore the demand for LFT.

Aerospace & Defense is the fastest-growing end-use industry of composites, in terms of value.

The aerospace & defense industry would register the highest CAGR in terms of value during the forecast period due to the increasing demand for interior applications in the aircraft. The thermoplastic composites offer properties such as lightweight, increased fuel efficiency, FST properties, corrosion resistance, and ability to mold into different and complex shapes. Thus, the growth of thermoplastic composites is the highest in the aerospace & defense industry. Due to COVID-19, there is a fall in demand for thermoplastic composites from commercial aircraft manufacturers. However, the demand would gain pace with the stimulus packages announced by the government for recovery in the aerospace industry.

APAC is the fastest-growing composites market.

APAC is projected to register the highest CAGR in terms of value in the global thermoplastic composites market during the forecast period. The growth of the thermoplastic composites industry in this region is supported by the low-cost labor, the advancement of thermoplastic composite technology solutions, and the penetration of thermoplastic composites in various end-use industries.
Due to COVID-19, numerous wind blade manufacturers and automotive companies have halted their production sites across various countries that has led to reduced demand for thermoplastic composites in Asian countries. The recovery in the end-use industries with restoration in the supply chain would drive the thermoplastic composites demand during the forecast period.

This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into the following three categories:

  • By Company Type- Tier 1- 40%, Tier 2- 33%, and Tier 3- 27%
  • By Designation- C Level- 50%, Director Level- 20%, and Others- 30%
  • By Region- North America- 20%, Europe- 50%, APAC- 15%, Latin America-5%, MEA-10%,

The report provides a comprehensive analysis of company profiles listed below:

  • BASF SE (Germany)
  • Celanese Corporation (US)
  • SABIC (Saudi Arabia)
  • DowDuPont Inc. (US)
  • Koninklijke DSM N.V. (Netherlands)
  • Toray Industries, Inc. (Japan)
  • Lanxess AG (Germany)
  • Mitsubishi Chemical Holdings Corporation (Japan)
  • SGL Group (Germany)
  • Solvay (Belgium)

Research Coverage

This report covers the global composites market and forecasts the market size until 2024. The report includes the market segmentation - Fiber Type (Glass, Carbon, Mineral and Other), Resin Type (PA, PP, PEEK, Hybrid, Others), Product Type (SFT, LFT, CFT, GMT), End-use Industry (Aerospace & Defense, Wind Energy, Transportation, Construction, Consumer goods & electronics. Sports & leisure, and Others) and Region (Europe, North America, APAC, Latin America, and MEA). Porter’s Five Forces analysis, along with the drivers, restraints, opportunities, and challenges, are discussed in the report. It also provides company profiles and competitive strategies adopted by the major players in the global composites market.

The report will help market leaders/new entrants in this market in the following ways:

  • This report segments the global thermoplastic composites market comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
  • The report helps stakeholders understand the pulse of the thermoplastic composites market and provides them with information on key market drivers, restraints, challenges, and opportunities.
  • This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, and acquisitions.

Reasons to buy the report:

The report will help market leaders/new entrants in this market by providing them with the closest approximations of the revenues for the overall thermoplastic composites market and the sub-segments. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

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

  • BASF SE
  • DAICEL POLYMER LTD
  • Lanxess A.G.
  • SABIC
  • SOLVAY
  • TENCATE
  • MORE

1 Introduction
1.1 Objectives of the study
1.2 Scope of the study

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 Industry Trends
5.4 Value Chain Analysis
5.5 Thermoplastic Composites Ecosystem Analysis

6 Macroeconomic Overview and Key Trends
6.1 Forecast of GDP Growth Rate
6.2 Per Capita Income
6.3 Aerospace Industry Trend
6.4 Automotive Industry Trend
6.5 COVID-19 Impact on the aerospace, wind energy, and automotive industries

7 Thermoplastic Composites Market, By Resin Type
7.1 Introduction
7.2 Impact of COVID-19on Resin Type
7.3 PA
7.4 PP
7.5 PEEK
7.6 Hybrid
7.7 Others

8 Thermoplastic Composites Market, By Fiber type
8.1 Introduction
8.2 Impact of COVID-19on Fiber Type
8.3 Glass
8.4 Carbon
8.5 Mineral
8.6 Others

9 Thermoplastic Composites Market, By End-Use Industry
9.1 Introduction
9.2 Impact of COVID-19on End-Use Industry
9.3 Transportation
9.4 Aerospace & Defense
9.5 Consumer & Electronic Goods
9.6 Sports & leisure
9.7 Construction
9.8 Wind Energy
9.8 Others

10 Thermoplastic Composites Market, By Product Type
10.1 Impact of COVID-19on Product Type
10.2 SFT
10.3 LFT
10.4 CFT
10.5 GMT

11 Thermoplastic Composites Market, By Region
11.1 Introduction
11.2 Impact of COVID-19 on Region
11.2 North America
11.2.1 North America Thermoplastic Composites Market, By Product Type
11.2.2 North America Thermoplastic Composites Market, By Resin Type
11.2.3 North America Thermoplastic Composites Market, By Fiber Type
11.2.4 North America Thermoplastic Composites Market, By End-Use Industry
11.2.5 North America Thermoplastic Composites Market, By Country
11.2.5.1 US
11.2.5.2 Canada
11.3 Europe
11.3.1 Europe Thermoplastic Composites Market, By Product Type
11.3.2 Europe Thermoplastic Composites Market, By Resin Type
11.3.3 Europe Thermoplastic Composites Market, By Fiber Type
11.3.4 Europe Thermoplastic Composites Market, By End-Use Industry
11.3.5 Europe Thermoplastic Composites Market, By Country
11.3.5.1 Germany
11.3.5.2 France
11.3.5.3 UK
11.3.5.4 Italy
11.3.5.5 Rest of Europe
11.4 APAC
11.4.1 APAC Thermoplastic Composites Market, By Product Type
11.4.2 APAC Thermoplastic Composites Market, By Resin Type
11.4.3 APAC Thermoplastic Composites Market, By Fiber Type
11.4.4 APAC Thermoplastic Composites Market, By End-Use Industry
11.4.5 APAC Thermoplastic Composites Market, By Country
11.4.5.1 China
11.4.5.2 Japan
11.4.5.3 South Korea
11.4.5.4 India
11.3.5.5 Rest of APAC
11.5 MEA
11.5.1 MEA Thermoplastic Composites Market, By Product Type
11.5.2 MEA Thermoplastic Composites Market, By Resin Type
11.5.3 MEA Thermoplastic Composites Market, By Fiber Type
11.5.4 MEA Thermoplastic Composites Market, By End-Use Industry
11.5.5 MEA Thermoplastic Composites Market, By Country
11.5.5.1 Saudi Arabia
11.5.5.2 UAE
11.5.5.3 Rest of MEA
11.6 Latin America
11.6.1 MEA Thermoplastic Composites Market, By Product Type
11.6.2 MEA Thermoplastic Composites Market, By Resin Type
11.6.3 MEA Thermoplastic Composites Market, By Fiber Type
11.6.4 MEA Thermoplastic Composites Market, By End-Use Industry
11.6.5 MEA Thermoplastic Composites Market, By Country
11.6.5.1 Brazil
11.6.5.2 Mexico

12 Competitive Landscape
12.1 Introduction
12.2 Competitive Leadership Mapping
12.3 Strength of Product Portfolio
12.4 Business Strategy Excellence
12.5 Market Ranking
12.6 Market Share Analysis
12.7 Competitive Scenario

13 Company Profiles For Aramid Honeycomb Core Manufacturers
13.1 Introduction
13.2 Hexcel Corporation
13.2.1 Business Overview
13.2.2 Product Portfolio
13.2.3 Recent Developments
13.2.4 SWOT Analysis
13.2.5 The Author's view
13.3 Celanese Corporation
13.3.1 Business Overview
13.3.2 Product Portfolio
13.3.3 Recent Developments
13.3.4 SWOT Analysis
13.3.5 The Author's view
13.4 DOWDUPONT INC
13.4.1 Business Overview
13.4.2 Product Portfolio
13.4.3 Recent Developments
13.4.4 SWOT Analysis
13.4.5 The Author's view
13.5 TENCATE
13.5.1 Business Overview
13.5.2 Product Portfolio
13.5.3 Recent Developments
13.5.4 SWOT Analysis
13.5.5 The Author's view
13.6 SOLVAY
13.6.1 Business Overview
13.6.2 Product Portfolio
13.6.3 Recent Developments
13.6.4 SWOT Analysis
13.6.5 The Author's view
13.7 Toray Industries, Inc.
13.7.1 Business Overview
13.7.2 Product Portfolio
13.7.3 Recent Developments
13.7.4 SWOT Analysis
13.7.5 The Author's view
13.8 SABIC
13.8.1 Business Overview
13.8.2 Product Portfolio
13.8.3 Recent Developments
13.8.4 SWOT Analysis
13.8.5 The Author's view
13.9 Lanxess A.G.
13.9.1 Business Overview
13.9.2 Product Portfolio
13.9.3 Recent Developments
13.9.4 SWOT Analysis
13.9.5 The Author's view
13.10 BASF SE
13.10.1 Business Overview
13.10.2 Product Portfolio
13.10.3 Recent Developments
13.10.4 SWOT Analysis
13.10.5 The Author's view
13.11 Polyone Corporation
13.11.1 Business Overview
13.11.2 Product Portfolio
13.11.3 Recent Developments
13.11.4 SWOT Analysis
13.11.5 The Author's view
13.12 Mitusbishi Chemical Advanced Materials
13.12.1 Business Overview
13.12.2 Product Portfolio
13.12.3 Recent Developments
13.12.4 SWOT Analysis
13.12.5 The Author's view
13.13 Others
13.13.1 Covestro AG
13.13.2 Victrex plc
13.13.3 SGL Group
13.13.4 TechnoCompound GMBH
13.13.5 SUPREM SA
13.13.6 Kingfa SCI. & TECH. CO., LTD
13.13.7 SBHPP
13.13.8 DAICEL POLYMER LTD
13.13.9 RTP company
13.13.10 Ascend performance materials LLC

14 Appendix

Note: Product cover images may vary from those shown
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  • Ascend performance materials LLC
  • BASF SE
  • Celanese Corporation
  • Covestro AG
  • DAICEL POLYMER LTD
  • DOWDUPONT INC
  • Hexcel Corporation
  • Kingfa SCI. & TECH. CO., LTD
  • Lanxess A.G.
  • Mitusbishi Chemical Advanced Materials
  • Polyone Corporation
  • RTP company
  • SABIC
  • SBHPP
  • SGL Group
  • SOLVAY
  • SUPREM SA
  • TechnoCompound GMBH
  • TENCATE
  • Toray Industries, Inc.
  • Victrex plc
Note: Product cover images may vary from those shown
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