Organosheet Market by Fiber Type (Carbon Fiber, Glass Fiber), Resin Type (PA, PP, PC, PEEK), Application (Aerospace & Defense, Transportation, Sports & Leisure, Construction), & Region (North America, APAC, Europe, MEA) - Global Forecast to 2028
The organosheet market is estimated at USD 0.6 billion in 2023 and is projected to reach USD 1.0 billion by 2028, at a CAGR of 12.0% from 2023 to 2028. The beneficial properties of organosheet make them suitable for various applications. Because of the materials' recyclability, organosheet can meet new sustainability standards. It can be used in fast processes like thermoforming and over-molding to produce large, cost-effective components while maintaining high visual quality.
Organosheet are thin thin-walled, fully consolidated fiber thermoplastic semi-finished products. They are made up of fabrics embedded in a thermoplastic plastic matrix that have has been compressed. The thermoplastic matrix has the advantage of allowing semi-finished products to be hot hot-formed. The molding method originated in sheet metal processing and has been refined for composite materials.
Attractive Opportunities in Organosheet Market Trends
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Organosheet Market Dynamics
Driver: High durability and fatigue resistance
Thermoplastic organosheet offer durability due to their high resistance to the environment and fatigue. The thermoplastic organ sheet is lighter than traditional thermoset composite prepregs. The weight advantage of thermoplastic organosheet can be attributed to their inherent characteristics, such as lower density and the ability to form thinner and lighter structures, making them suitable for aerospace, automotive, and sports equipment applications.
Restraint: High processing and manufacturing costs
Thermoplastic organosheet reinforced with advanced fibers, such as carbon or glass, can be relatively more expensive than traditional materials, such as thermoset tapes. High-performance thermoplastic resins and advanced fiber reinforcements in thermoplastic organosheet can be costly. The production volume of thermoplastic organosheet is lower than traditional materials, resulting in higher per-unit costs. However, this cost barrier can limit their widespread adoption, particularly in industries with stringent cost constraints.
Opportunity: High demand for electric vehicles
The future of the electric vehicle (EV) market presents significant opportunities for the use of using thermoplastic organosheet. As the automotive industry undergoes a transformation transforms with the acceleration of electrification, the need for efficient, high-performance solutions is efficient, high-performance solutions are paramount, . Thermoplastic organosheet, with their high-performance composites made of a fabric of long glass fibers embedded in a thermoplastic matrix, are being recognized as a key material in this context.
Challenge: Developing low-cost technologies
The high cost of composites has been an important concern for their use in structural applications. The potential of composites has not yet been realized owing to R&D costs, high manufacturing costs, and increased cycle times. Many applications of aerospace composites have been discovered, but due to high-cost constraints, the commercialization of these applications is yet to get started. Owing to the high R&D costs, developing low-cost technologies is a major challenge for all researchers and key manufacturers.
Ecosystem: Organosheet Market
Based on the application, the transportation segment is estimated to account for the highest CAGR in the organosheet market share during the forecast period.
Organosheet is mainly used in aerospace & defense, transportation, sports & leisure, construction, and other applications, including industrial, energy, and consumer electronics. Organosheet find use in automotive manufacturing due to their lightweight nature and ease of processing. They replace metal parts, contributing to weight reduction and improved fuel efficiency. Organosheet are employed in sports equipment like tennis rackets, bicycle frames, and snowboards. Their high strength-to-weight ratio enhances performance.
Based on fiber type, carbon fiber is anticipated to register the highest CAGR in the organosheet market.
Carbon fiber organosheet are composite materials of lightweight carbon fibers embedded in a thermoplastic matrix, usually a high-performance polymer such as PEEK, PPS, or PEI. Compared to traditional materials and other organosheet types, they boast a unique blend of properties that make them highly desirable across automotive, sports, and leisure applications.
Europe to hold the largest market share during the forecast period.
Strict regulations such as the EU Green Deal force automakers to lighten their vehicles, which is increasing the adoption of organosheet that provide high strength to weight ratios by automobile manufacturers to build automotive parts . Beyond automobiles, the sports and leisure sector and electric mobility solutions are adopting organosheet for battery enclosures, interior parts, kayaks, and other applications. Germany is at the forefront of the pack with its large automotive industry, stringent green legislation, and aggressive recycling ambitions. Despite ongoing Brexit worries, the UK follows closely with similar environmental ambitions and a strong electric vehicle sector.
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Key Market Players
The organosheet market is dominated by a few globally established players. Ensinger (Germany), Toray Industries Inc. (Japan), Johns Manville (US), Haufler Composites (Germany), SGL Carbon SE (Germany), Profol GmbH (Germany), Lanxess AG (Germany), Porcher Industries (Germany), Kingfa Science & Technology Co. Ltd. (China), Mitsubishi Chemical Group Corporation (Japan), Teijin Limited (Japan), Avient Corporation (US), Kordsa Teknik Tekstil A.S. (Turkiye), BUFA(Germany), SABIC (Saudi Arabia), among others, are the main producers who have won significant contracts recently. Since global requirements are changing, contracts and new product development have received the majority of attention.
These companies are attempting to establish themselves in the organosheet market by employing a range of inorganic and organic approaches. A thorough competitive analysis of these major organosheet market participants is included in the research, along with information on their company profiles, most recent advancements, and important market strategies.
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Report Metric |
Details |
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Market size available for years |
2021–2028 |
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Base year considered |
2022 |
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Forecast period |
2023–2028 |
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Units considered |
Value (USD Million), Volume (Kiloton) |
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Segments Covered |
By Fiber Type, By Resin Type, By Application, and By Region |
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Geographies covered |
Europe, North America, Asia Pacific, Latin America, Middle East, and Africa |
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Companies covered |
Ensinger (Germany), Toray Industries Inc. (Japan), Johns Manville (US), Haufler Composites (Germany), SGL Carbon SE (Germany), Profol GmbH (Germany), Lanxess AG (Germany), Porcher Industries (), Kingfa Science & Technology Co. Ltd. (China), Mitsubishi Chemical Group Corporation (Japan), Teijin Limited (Japan), Avient Corporation (US), Kordsa Teknik Tekstil A.S. (Türkiye), BUFA(Germany), SABIC (Saudi Arabia) |
The study categorizes the organosheet market based on Fiber Type, Resin Type, Application, and Region.
By Fiber Type
- Carbon Fiber
- Glass Fiber
By Resin Type
- PA
- PP
- PC
- PEEK
- Others
By Application
- Aerospace & Defense
- Transportation
- Sports & Leisure
- Construction
- Others
By Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East & Africa
Recent Developments
- In July 2023, Lanxess AG and Covestro AG announced a strategic partnership to merge their polyamide 6,6 businesses. The combined company will have pro forma revenue of almost USD 5.51 Billion (EUR 5 billion), making it the largest producer of polyamide 6,6 in the world. Subject to regulatory approvals, the acquisition is anticipated to close in the second half of 2024.
- In April 2023, Johns Manville expands its Neomera portfolio with the launch of Neomera NCF-777, a high-performance, flame-retardant thermoplastic composite sheet for demanding aerospace applications. This new product offers exceptional mechanical properties, chemical, and fire resistance, making it ideal for structural components in aircraft interiors and exteriors.
- In September 2022, Johns Manville launched Neomera® PX 3000, a new line of high-performance, compression-molded thermoplastic composite sheets for the automotive sector. These sheets are perfect for lightweight interior and exterior components since they have good stiffness, strength, and surface polish.
- In February 2022, Ensinger acquires the StyLight® thermoplastic composite business from INEOS Styrolution. It adds SAN SAN-based products and rebranded StyLight to TECATEC.
- In November 2020, SGL Carbon and Koller Kunststofftechnik partnered to manufacture novel carbon fiber profiles for windshields for a future high-volume BMW Group model. This helped SGL Carbon improve its automobile product applications and increase the demand for automotive carbon fiber thermoplastic composites.
Frequently Asked Questions (FAQ):
Which are the major companies in the Organosheet market? What are their major strategies to strengthen their market presence?
Some of the key players in the organosheet market are Ensinger (Germany), Toray Industries Inc. (Japan), Johns Manville (US), Haufler Composites (Germany), SGL Carbon SE (Germany), Profol GmbH (Germany), Lanxess AG (Germany), Porcher Industries (Germany), Kingfa Science & Technology Co. Ltd. (China), Mitsubishi Chemical Group Corporation (Japan), Teijin Limited (Japan), Avient Corporation (US), Kordsa Teknik Tekstil A.S. (Turkiye), BUFA(Germany), SABIC (Saudi Arabia) are the key manufacturers that secured contracts, deals in the last few years. Contracts and deals were the key strategies adopted by these companies to strengthen their position in the Organosheet market.
What are the drivers and opportunities for the organosheet market?
Increasing demand from transportation applications, leading the growth of organosheet market.
Which region is expected to hold the highest market share?
Europe’s organosheet market has been experiencing growth and significant industry demand. Europe is home to several prominent automotive manufacturers, aerospace companies, and renewable energy projects, all contributing to the increasing adoption of organosheet products.
What is the total CAGR expected to be recorded for the organosheet market during 2023-2028?
The CAGR is expected to record a CAGR of 12.0% from 2023-2028.
How is the organosheet market aligned?
The market is growing at a significant pace. The market is a potential market, and many manufacturers are planning business strategies to expand their existing production capacities of organosheet. .
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The study involves two major activities in estimating the current market size for the organosheet market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources referred to for this research study include financial statements of companies offering organosheets and information from various trade, business, and professional associations. Secondary research has been used to obtain critical information about the industry’s value chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. The secondary data was collected and analyzed to arrive at the overall size of the organosheet market, which was validated by primary respondents.
Primary Research
Extensive primary research was conducted after obtaining information regarding the organosheet market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, product development/innovation teams, and related key executives from organosheet industry vendors; system integrators; component providers; distributors; and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to fiber type, resin type, application, and region. Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and installation teams of the customer/end users who are using organosheet were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of organosheets and future outlook of their business which will affect the overall market.
The Breakup of Primary Research:
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Market Size Estimation
The research methodology used to estimate the size of the organosheet market includes the following details. The market sizing of the market was undertaken from the demand side. The market was upsized based on procurements and modernizations in organosheets in different applications at a regional level. Such procurements provide information on the demand aspects of the organosheet industry for each application. For each application, all possible segments of the organosheet market were integrated and mapped.
Organosheet Market Size: Botton Up Approach
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Organosheet Market Size: Top-Down Approach
Data Triangulation
After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Market Definition
Organosheets are high-performance, continuous fiber-reinforced carbon or glass fiber fabric composites embedded in a thermoplastic matrix. Organosheets encompassed a wide range of semi-finished products with key advantages derived from thermoplastic matrices ranging from polypropylene and polyamide 6 to high-performance plastics such as PEI, PEEK, and PEKK, as well as the diverse architecture of the reinforcing fibers. Organosheets comprise several layers of thermoplastic prepreg or semipreg material stacked and pressed to form a sheet up to 5 mm thick.
Key Stakeholders
- Organosheet Manufacturers
- Fiber and Resin Manufacturers
- Distributors And Suppliers
- End-Use Industries
- Industry Associations
- R&D Institutions
- Environment Support Agencies
Report Objectives
- To define, describe, and forecast the organosheet market size, in terms of volume and value
- To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the market
- To analyze and project the global organosheet market, by fiber type, resin type, application, and region
- To forecast the market size for five main regions (along with country-level data), namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, and analyze the significant region-specific trends
- To strategically analyze the market for individual growth trends, prospects, and contribution of the submarkets to the overall market
- To analyze the market opportunities and the competitive landscape for stakeholders and market leaders
- To analyze recent market developments and competitive strategies, such as agreements, contracts, acquisition, and product development/ product launch, to draw the competitive landscape
- To strategically profile the key market players and comprehensively analyze their core competencies
Available Customizations
MarketsandMarkets offers following customizations for this market report:
- Additional country-level analysis of the organosheet market
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company's market
Growth opportunities and latent adjacency in Organosheet Market