HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: November 2017
Report Code: CH 3527

 

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The thermoplastic composites market is projected to grow from USD 26.02 Billion in 2017 to USD 41.93 Billion by 2022, at a CAGR of 8.34% between 2017 and 2022. Increased use of thermoplastic composites in the transportation and aerospace & defense applications due to various properties offered by them, which include ease of recyclability, low curing time, high strength, and increased rigidity, among others are the factors driving the growth of the thermoplastic composites market across the globe. Moreover, manufacturers of thermoplastic composites are significantly focusing on the development of new and advanced thermoplastic composite products and are supplying these products for use in various applications such as electrical & electronics, transportation, and aerospace & defense, among others. The key players operating in the market are adopting various growth strategies such as expansions & investments, partnerships, agreements & contracts, new product developments, and acquisitions to enhance their presence and secure their position in the thermoplastic composites market across the globe.

In this study, years that have been considered to estimate the size of the thermoplastic composites market are as follows:

  • Base Year – 2016
  • Estimated Year – 2017
  • Projected Year – 2022
  • Forecast Period – 2017 to 2022

2016 has been considered as the base year for company profiles in this study on the thermoplastic composites market. In cases, wherein information for the base year has been unavailable, the year prior to it has been considered.

Objectives of the Study

  • To analyze and forecast the size of the thermoplastic composites market in terms of both, volume as well as value
  • To provide detailed information regarding the key factors such as drivers, restraints, opportunities, and challenges influencing the growth of the thermoplastic composites market
  • To define, describe, and forecast the thermoplastic composites market based on fiber type, resin type, product type, and application
  • To analyze and forecast the size of the thermoplastic composites market in North America, Europe, Asia Pacific, the Middle East & Africa (MEA), and Latin America, along with their respective key countries
  • To analyze opportunities and competitive landscape for the stakeholders and market leaders
  • To analyze competitive developments such as expansions & investments, partnerships, agreements & contracts, new product developments, and acquisitions undertaken by leading players in the thermoplastic composites market
  • To strategically profile key players operating in the thermoplastic composites market and analyze their core competencies

Various secondary sources such as such as Factiva, Hoovers, and Manta, among others have been used to understand and gain insights of the thermoplastic composites market. Experts from the top companies manufacturing thermoplastic composites have been interviewed to verify and collect critical information and assess trends in the thermoplastic composites market during the forecast period. The top-down, bottom-up, and data triangulation approaches have been implemented to calculate the exact values of sizes of the overall parent and individual markets.

Thermoplastic Composites Market

To know about the assumptions considered for the study, download the pdf brochure

The market for thermoplastic composites has a diversified and an established ecosystem consisting of upstream players such as raw material suppliers and downstream stakeholders such as manufacturers, vendors, and end users of thermoplastic composites as well as various government organizations. Some of the major players operating in the thermoplastic composites market are 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.

Target Audience

  • Manufacturers of Thermoplastic Composites
  • Suppliers of Raw Materials
  • Distributors and Suppliers of Thermoplastic Composites
  • End-use Industries
  • Industry Associations

“This study answers several questions for the stakeholders, primarily which market segments to focus on, in the next two to five years for prioritizing their efforts and investments.”

Scope of the Report:

This research report categorizes the thermoplastic composites market based on fiber type, resin type, product type, application, and region. It forecasts the revenue growth and analyzes trends in each of the submarkets.

Thermoplastic Composites Market, by Fiber Type:

  • Glass Fiber Thermoplastic Composites
  • Carbon Fiber Thermoplastic Composites
  • Others

Thermoplastic Composites Market, by Resin Type:

  • Polypropylene (PP) Resin
  • Polyamide (PA) Resin
  • Polyetheretherketone (PEEK) Resin
  • Others

Thermoplastic Composites Market, by Application:

  • Electrical & Electronics
  • Transportation
  • Aerospace & Defense
  • Others

Thermoplastic Composites Market, by Product Type:

  • Short Fiber Thermoplastic Composites
  • Long Fiber Thermoplastic Composites
  • Continuous Fiber Thermoplastic Composites
  • Glass Mat Thermoplastic Composites

Thermoplastic Composites Market, by Region

  • Asia Pacific
  • Europe
  • North America
  • Latin America
  • Middle East & Africa (MEA)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to specific needs of companies. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company.

Regional Analysis

  • Further breakdown of the North America thermoplastic composites market
  • Further breakdown of the Europe thermoplastic composites market
  • Further breakdown of the Asia Pacific thermoplastic composites market
  • Further breakdown of the Middle East & Africa thermoplastic composites market
  • Further breakdown of the Latin America thermoplastic composites market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    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 (Page No. - 19)
    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 (Page No. - 28)

4 Premium Insights (Page No. - 33)
    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 (Page No. - 36)
    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 (Page No. - 45)
    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 (Page No. - 52)
    7.1 Introduction
    7.2 Glass Fiber
    7.3 Carbon Fiber
    7.4 Others

8 Thermoplastic Composites Market, By Resin Type (Page No. - 59)
    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 (Page No. - 67)
    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 (Page No. - 73)
     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 (Page No. - 83)
     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 (Page No. - 106)
     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 (Page No. - 112)
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 (Page No. - 140)
     14.1 Insights From Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details


List of Tables (84 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 By Market Size, By Application, 2015–2022 (Kiloton)
Table 41 By Market Size in Transportation Application, By Region, 2015–2022 (USD Million)
Table 42 By Market Size in Transportation Application, By Region, 2015–2022 (Kiloton)
Table 43 By Market Size in E&E Application, By Region, 2015–2022 (USD Million)
Table 44 By Market Size in E&E Application, By Region, 2015–2022 (Kiloton)
Table 45 By Market Size in Aerospace & Defense Application, By Region, 2015–2022 (USD Million)
Table 46 By Market Size in Aerospace & Defense Application, By Region, 2015–2022 (Kiloton)
Table 47 By Market Size in Other Applications, By Region, 2015–2022 (USD Million)
Table 48 By Market Size in Other Applications, By Region, 2015-2022 (Kiloton)
Table 49 By Market Size, By Region, 2015–2022 (USD Million)
Table 50 By 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: By Market Size, By Application, 2015–2022 (Kiloton)
Table 53 North America: By Market Size, By Product Type, 2015–2022 (USD Million)
Table 54 North America: By Market Size, By Product Type, 2015–2022 (Kiloton)
Table 55 North America: By Market Size, By Country, 2015–2022 (USD Million)
Table 56 North America: By Market Size, By Country, 2015–2022 (Kiloton)
Table 57 Europe: Thermoplastic Composites Market Size, By Application, 2015–2022 (USD Million)
Table 58 Europe: By Market Size, By Application, 2015–2022 (Kiloton)
Table 59 Europe: By Market Size, By Product Type, 2015–2022 (USD Million)
Table 60 Europe: By Market Size, By Product Type, 2015–2022 (Kiloton)
Table 61 Europe: By Market Size, By Country, 2015–2022 (USD Million)
Table 62 Europe: By Market Size, By Country, 2015–2022 (Kiloton)
Table 63 APAC: By Market Size, By Application, 2015–2022 (USD Million)
Table 64 APAC: By Market Size, By Application, 2015–2022 (Kiloton)
Table 65 APAC: By Market Size, By Product Type, 2015–2022 (USD Million)
Table 66 APAC: By Market Size, By Product Type, 2015–2022 (Kiloton)
Table 67 APAC: By Market Size, By Country, 2015–2022 (USD Million)
Table 68 APAC: By 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: By Market Size, By Application, 2015–2022 (Kiloton)
Table 71 Latin America: By Market Size, By Product Type, 2015–2022 (USD Million)
Table 72 Latin America: By Market Size, By Product Type, 2015–2022 (Kiloton)
Table 73 Latin America: By Market Size, By Country, 2015–2022 (USD Million)
Table 74 Latin America: By Market Size, By Country, 2015–2022 (Kiloton)
Table 75 MEA: By Market Size, By Application, 2015–2022 (USD Million)
Table 76 MEA: By Market Size, By Application, 2015–2022 (Kiloton)
Table 77 MEA: By Market Size, By Product Type, 2015–2022 (USD Million)
Table 78 MEA: By Market Size, By Product Type, 2015–2022 (Kiloton)
Table 79 MEA: By Market Size, By Country, 2015–2022 (USD Million)
Table 80 MEA: By 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 (47 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

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.

Thermoplastic Composites Market

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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