Thermoplastic Composites Market

Thermoplastic Composites Market by Resin Type (Polypropylene, Polyamide, Polyetheretherketone, Hybrid), Fiber Type (Glass, Carbon, Mineral), Product Type (SFT, LFT, CFT, GMT), Application, and Region - Global Forecast to 2024

Report Code: CH 3527 Aug, 2019, by marketsandmarkets.com

[158 Pages Report] The thermoplastic composites market is projected to grow from USD 28.0 billion in 2019 to USD 36.0 billion by 2024, at a CAGR of 5.2% between 2019 and 2024. The market is growing due to the high demand for the product from the consumer goods, electronics, transportation, and aerospace & defense sectors.  

Thermoplastic Composites Market

Glass fiber is expected to be the majorly used type in the thermoplastic composites market in the next five years.

Glass fiber-reinforced thermoplastic composites accounted for the largest share in the global market, due to its growing consumption in the consumer goods & electronics, aerospace & defense, and automotive applications. In terms of value, the carbon fiber-reinforced thermoplastic composites market accounted for the second-largest position in the market in 2018.

Aerospace & defense application is projected to register a higher CAGR during the forecast period.

The thermoplastic composites used in the aerospace & defense application is witnessing a high growth across the globe. Thermoplastic composites provide lightweight property in the aerospace industry and hence facilitate more efficient designs suitable for various purposes. The interior components produced from thermoplastic materials include floor panels, luggage bins, seats, trolleys, separation panels, keel beams, seals, fuel pipes, and bulkheads. An increasing number of aircraft deliveries is expected to drive the growth of the market in the near future.

Polyamide resin holds the major share in the thermoplastic composites market.

The demand for thermoplastic composites made using polyamide resin is driven mainly by the considerable requirement from the automotive, consumer goods, and electrical & electronics industries. Polyamide-based compounds offer excellent wear resistance and high ductility, which makes them highly suitable for automotive applications. Also, polyamide is easy to process, has high resistance to heat & chemical attack, excellent mechanical strength, and stiffness with good dielectric properties that enables automotive OEMs to reduce weight without compromising on vehicle performance.

Thermoplastic Composites Market

APAC is expected to dominate the thermoplastic composites market owing to high demand from transportation and consumer goods & electronics applications.

APAC holds the major share in the thermoplastic composites market, and the trend is expected to remain the same during the forecast period. High demand for the thermoplastic composites from the aerospace & defense, automotive, and electrical & electronics industries is playing a pivotal role in the higher consumption of thermoplastic composites. Moreover, increasing wind turbine installations in the region is also supporting the growth of thermoplastic composites in the region.

Key Market Players

Major 3D printing material manufacturers are Celanese Corporation (US), DowDuPont Inc. (US), Koninklijke DSM N.V. (Netherlands), Solvay S.A. (Belgium), Toray Industries, Inc. (US), Lanxess AG (Germany), and SABIC (Saudi Arabia).

Scope of the Report

Report Metric

Details

  • Years considered for the study
  • 2017–2024
  • Base year
  • 2018
  • Forecast period
  • 2019–2024
  • Units considered
  • Value (USD Million), Volume (Kiloton)
  • Segments
  • Resin Type, Fiber, Product Type, Application, and Region
  • Regions
  • North America, Europe, APAC, MEA, and Latin America
  • Companies
  • The thermoplastic composites market comprises major manufacturers such as Celanese Corporation (US), DowDuPont Inc. (US), Koninklijke DSM N.V. (Netherlands), Solvay S.A. (Belgium), Toray Industries, Inc. (US), Lanxess AG (Germany), , SABIC (Saudi Arabia), BASF SE (Germany), PolyOne Corporation (US), and Mitsubishi Chemical Advanced Materials (Japan)
  • Total 20 major players covered.

This research report categorizes the thermoplastic composites market based on Resin Type, Fiber, Product Type, Application, and Region.

Based on resin type, the thermoplastic composites market has been segmented as follows:

  • Polyamide
  • Polypropylene
  • Polyetheretherketone
  • Hybrid
  • Others (PC, ABS, PE, etc.)

Based on fiber, the thermoplastic composites market has been segmented as follows:

  • Glass
  • Carbon
  • Mineral
  • Others (Natural, Basalt, Aramid)

Based on product type, the thermoplastic composites market has been segmented as follows:

  • SFT
  • LFT
  • CFT
  • GMT

Based on application, the thermoplastic composites market has been segmented as follows:

  • Transportation
  • Aerospace & defense
  • Wind Energy
  • Consumer Goods & Electronics
  • Construction
  • Sports & Leisure
  • Others (Medical, Oil & Gas, Marine, etc.)

Based on the region, the thermoplastic composites market has been segmented as follows:

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

Recent Developments

  • In May 2019, PolyOne Corporation launched new thermoplastic composite products at CHINAPLAS 2019. It introduced Complηt LFT formulations, which is a thermoplastic composite with PEEK and PP as a base resin, to meet highly demanding design and performance requirements.
  • In November 2018, DowDuPont Inc. announced plans to introduce two new grades, carbon fiber-reinforced polyamide, and glass fiber-reinforced polyamide. These new grades are suitable to be used as a 3D-printing filament and cater to the demand from the high growing 3D printing market.
  • In November 2018, Koninklijke DSM N.V. launched four new 3D printing grades adding to its existing product portfolio. These products also include carbon fiber-reinforced polyamide thermoplastic composite, which is ideal for applications that require high mechanical performance at high temperatures.

Key Questions Addressed by the Report

  • What are the major applications of thermoplastic composites?
  • Which industry is the major consumer of thermoplastic composites?
  • Which region is the largest and fastest-growing market for thermoplastic composites?
  • What are the major resin types of thermoplastic composites?
  • What are the major strategies adopted by leading market players?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5 Unit Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    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 Limitations
    2.5 Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Opportunities in the Thermoplastic Composites Market
    4.2 Thermoplastic Composites Market, By Application and Region
    4.3 Thermoplastic Composites Market, By Product Type
    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. - 38)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for Thermoplastic Composites in Transportation and Aerospace & Defense Applications
                    5.2.1.2 Growth of Consumer Goods and Electronics Industries
           5.2.2 Restraints
                    5.2.2.1 High Cost of Raw Materials
                    5.2.2.2 Difficulty in Fiber-Reinforcement
           5.2.3 Opportunities
                    5.2.3.1 Increasing Demand for Thermoplastic Composites From Emerging Countries
                    5.2.3.2 Growing Market for Electric Vehicles
           5.2.4 Challenges
                    5.2.4.1 Development of Low-Cost Production Technology

6 Industry Trends (Page No. - 42)
    6.1 Porter’s Five Forces Analysis
           6.1.1 Threat From New Entrants
           6.1.2 Threat of Substitutes
           6.1.3 Bargaining Power of Suppliers
           6.1.4 Bargaining Power of Buyers
           6.1.5 Intensity of Competitive Rivalry

7 Macroeconomic Overview and Key Trends (Page No. - 45)
    7.1 Introduction
    7.2 Trends and Forecast of GDP
    7.3 Trends in the Aerospace Industry
    7.4 Trends in the Automotive Industry

8 Thermoplastic Composites Market, By Resin Type (Page No. - 49)
    8.1 Introduction
    8.2 Polyamide (PA)
           8.2.1 Resistance to Wear, Heat, and Chemicals, and Good Friction, Among Other Superior Properties, are Supporting the Growth of the Polyamide Segment of the Market
    8.3 Polypropylene (PP)
           8.3.1 Polypropylene-Based Thermoplastic Composites Have A Huge Demand in Automotive Applications
    8.4 Polyetheretherketone (PEEK)
           8.4.1 as A High-Temperature Thermoplastic Material, Peek Finds Extensive Use in Aerospace & Defense Applications
    8.5 Hybrid
           8.5.1 The Production of Hybrid (Blend of Two Resins) Thermoplastic Composites is Increasing, With A Few Major Market Players Offering Such Composites
    8.6 Others

9 Thermoplastic Composites Market, By Product Type (Page No. - 58)
    9.1 Introduction
    9.2 Short Fiber Thermoplastic
           9.2.1 Short Fiber Thermoplastic has Major Share in the Thermoplastic Composites Market
    9.3 Long Fiber Thermoplastic
           9.3.1 Long Fiber Thermoplastic has Good Mechanical Properties and Toughness, and is Extensively Used in the Automotive Industry
    9.4 Continuous Fiber Thermoplastic
           9.4.1 North America Accounts for Major Share in the Continuous Fiber Thermoplastic Composites Market
    9.5 Glass Mat Thermoplastic
           9.5.1 Glass Mat Thermoplastic is an Established Technology With Applications in Automotive Industry

10 Thermoplastic Composites Market, By Fiber Type (Page No. - 68)
     10.1 Introduction
     10.2 Glass
             10.2.1 Glass Fibers are the Most-Commonly Used Reinforcement Element in the Thermoplastic Composites Market
     10.3 Carbon
             10.3.1 Carbon Fiber-Reinforced Thermoplastic Composites Provide Maximum Strength and Performance With Minimum Weight
     10.4 Mineral
             10.4.1 Mineral-Reinforced Thermoplastic Composites are Widely Used in Automotive Parts
     10.5 Others

11 Thermoplastic Composites Market, By Application (Page No. - 76)
     11.1 Introduction
     11.2 Transportation
             11.2.1 Demand for Thermoplastic Composites in Transportation is Projected to Rise, Exponentially
     11.3 Consumer Goods & Electronics
             11.3.1 High Demand From APAC is Driving the Growth of the Market in Consumer Goods & Electronics
     11.4 Aerospace & Defense
             11.4.1 Europe Accounts for Major Share in the Aerospace & Defense Application
     11.5 Sports & Leisure
             11.5.1 Superior Properties of Thermoplastic Composites are Driving the Growth in the Sports & Leisure Application
     11.6 Construction
             11.6.1 APAC is the Fastest-Growing Market of Thermoplastic Composites in Construction Application
     11.7 Wind Energy
             11.7.1 Demand for Renewable Energy is Responsible for the Growing Consumption in the Wind Energy Application
     11.8 Others

12 Regional Analysis (Page No. - 88)
     12.1 Introduction
     12.2 North America
             12.2.1 North America, By Application
                        12.2.1.1 Transportation to Lead the North American Thermoplastic Composites Market
             12.2.2 North America, By Country
                        12.2.2.1 US
                                     12.2.2.1.1 High Demand From Aerospace & Defense Application is Driving the Market in North America
                        12.2.2.2 Canada
                                     12.2.2.2.1 Transportation Application to Drive the Market in the Canada
     12.3 Europe
             12.3.1 Europe, By Application
                        12.3.1.1 Commercialization of Thermoplastic Composites in the Aerospace & Defense Application to Drive Its Use in the Region
             12.3.2 Europe, By Country
                        12.3.2.1 Germany
                                     12.3.2.1.1 Germany is the Biggest Consumer of Thermoplastic Composites in the European Region
                        12.3.2.2 France
                                     12.3.2.2.1 The Aerospace & Defense Application to Drive the Market in the Country
                        12.3.2.3 UK
                                     12.3.2.3.1 The UK is the Third-Largest Market for Thermoplastic Composites in Europe
                        12.3.2.4 Italy
                                     12.3.2.4.1 Presence of Major Automotive Manufacturers to Drive the Market in the Country
     12.4 APAC
             12.4.1 APAC, By Application
                        12.4.1.1 Transportation Application to Drive the Market
             12.4.2 APAC, By Country
                        12.4.2.1 China
                                     12.4.2.1.1 Sustainable Economic Growth and Technological Advancements in Electronics to Drive the Market
                        12.4.2.2 South Korea
                                     12.4.2.2.1 Growing Use of Glass Fiber in Thermoplastic Composites to Drive the Market
                        12.4.2.3 Japan
                                     12.4.2.3.1 Japan is the Second-Largest Market in APAC
                        12.4.2.4 India
                                     12.4.2.4.1 Increased Demand for Vehicles in the Country to Drive the Market Growth
     12.5 Latin America
             12.5.1 Latin America, By Application
                        12.5.1.1 Consumer Goods & Electronics and Transportation are the Leading Applications
             12.5.2 Latin America, By Country
                        12.5.2.1 Brazil
                                     12.5.2.1.1 Growing Investment in the Transportation Industry to Drive the Market
                        12.5.2.2 Mexico
                                     12.5.2.2.1 Mexico is the Largest Consumer of Thermoplastic Composites in Latin America
     12.6 MEA
             12.6.1 MEA, By Application
                                     12.6.1.1.1 Growing Use of Thermoplastic Composites in the Electrical & Electronics Industry to Drive the Market
             12.6.2 MEA, By Country
                        12.6.2.1 UAE
                                     12.6.2.1.1 Increasing Consumption of Thermoplastic Composites in the Transportation and Electrical & Electronics Industries
                        12.6.2.2 Saudi Arabia
                                     12.6.2.2.1 Saudi Arabia is the Largest Market in the Region

13 Competitive Landscape (Page No. - 110)
     13.1 Introduction
     13.2 Competitive Leadership Mapping (Overall Market)
             13.2.1 Dynamic Differentiators
             13.2.2 Innovators
             13.2.3 Visionary Leaders
             13.2.4 Emerging Companies
     13.3 Competitive Benchmarking
             13.3.1 Strength of Product Portfolio
             13.3.2 Business Strategy Excellence
     13.4 Market Ranking of Key Players, 2018
     13.5 Competitive Scenario
             13.5.1 New Product Development
             13.5.2 Investment & Expansion
             13.5.3 Merger & Acquisition
             13.5.4 Joint Venture & Partnership

14 Company Profiles (Page No. - 121)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)* 
     14.1 Celanese Corporation
     14.2 DowDuPont Inc.
     14.3 Koninklijke DSM N.V.
     14.4 Toray Industries, Inc.
     14.5 SABIC
     14.6 Lanxess AG
     14.7 Solvay S.A.
     14.8 BASF SE
     14.9 Polyone Corporation
     14.10 Mitsubishi Chemical Advanced Materials
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies. 
     14.11 Other Companies
             14.11.1 Covestro AG
             14.11.2 Victrex PLC
             14.11.3 SGL Group
             14.11.4 Technocompound GmbH
             14.11.5 Suprem SA
             14.11.6 Kingfa Sci. & Tech. Co., Ltd
             14.11.7 Sbhpp
             14.11.8 Daicel Polymer Ltd.
             14.11.9 RTP Company
             14.11.10 Ascend Performance Materials LLC

15 Appendix (Page No. - 152)
     15.1 Discussion Guide
     15.2 Knowledge Store: Marketsandmarkets Subscription Portal
     15.3 Available Customizations
     15.4 Related Reports
     15.5 Author Details


List of Tables (82 Tables)

Table 1 Thermoplastic Composites Market Size, 2017–2024
Table 2 Trends and Forecast of GDP, 2017–2024 (USD Billion)
Table 3 Number of New Airplane Deliveries Through 2037, By Region
Table 4 Automotive Production, Million Units (2017–2018)
Table 5 Thermoplastic Composites Market Size, By Resin Type, 2019–2024 (USD Million)
Table 6 Thermoplastic Composites Market Size, By Resin Type, 2019–2024 (Kiloton)
Table 7 Polyamide Resin-Based Thermoplastic Composites Market Size, By Region, 2017–2024 (USD Million)
Table 8 Polyamide Resin-Based Thermoplastic Composites Market Size, By Region, 2017–2024 (Kiloton)
Table 9 Polypropylene Resin-Based Thermoplastic Composites Market Size, By Region, 2017–2024 (USD Million)
Table 10 Polypropylene Resin-Based Thermoplastic Composites Market Size, By Region, 2017–2024 (Kiloton)
Table 11 Polyetheretherketone Resin-Based Thermoplastic Composites Market Size, By Region, 2017–2024 (USD Million)
Table 12 Polyetheretherketone Resin-Based Thermoplastic Composites Market Size, By Region, 2017–2024 (Kiloton)
Table 13 Hybrid Thermoplastic Composites Market Size, By Region, 2017–2024 (USD Million)
Table 14 Hybrid Thermoplastic Composites Market Size, By Region, 2017–2024 (Kiloton)
Table 15 Other Resins-Based Thermoplastic Composites Market Size, By Region, 2017–2024 (USD Million)
Table 16 Other Resins-Based Thermoplastic Composites Market Size, By Region, 2017–2024 (Kiloton)
Table 17 Thermoplastic Composites Market Size, By Product Type, 2017–2024 (USD Million)
Table 18 Thermoplastic Composites Market Size, By Product Type, 2017–2024 (Kiloton)
Table 19 Short Fiber Thermoplastic Market Size, By Region, 2017–2024 (USD Million)
Table 20 Short Fiber Thermoplastic Market Size, By Region, 2017–2024 (Kiloton)
Table 21 Short Fiber Thermoplastic Market Size, By Application, 2017–2024 (USD Million)
Table 22 Short Fiber Thermoplastic Market Size, By Application, 2017–2024 (Kiloton)
Table 23 Long Fiber Thermoplastic Market Size, By Region, 2017–2024 (USD Million)
Table 24 Long Fiber Thermoplastic Market Size, By Region, 2017–2024 (Kiloton)
Table 25 Long Fiber Thermoplastic Market Size, By Application, 2017–2024 (USD Million)
Table 26 Long Fiber Thermoplastic Market Size, By Application, 2017–2024 (Kiloton)
Table 27 Continuous Fiber Thermoplastic Market Size, By Region, 2017–2024 (USD Million)
Table 28 Continuous Fiber Thermoplastic Market Size, By Region, 2017–2024 (Kiloton)
Table 29 Continuous Fiber Thermoplastic Market Size, By Application, 2017–2024 (USD Million)
Table 30 Continuous Fiber Thermoplastic Market Size, By Application, 2017–2024 (Kiloton)
Table 31 Glass Mat Thermoplastic Market Size, By Region, 2017–2024 (USD Million)
Table 32 Glass Mat Thermoplastic Market Size, By Region, 2017–2024 (Kiloton)
Table 33 Glass Mat Thermoplastic Market Size, By Application, 2017–2024 (USD Million)
Table 34 Glass Mat Thermoplastic Market Size, By Application, 2017–2024 (Kiloton)
Table 35 Thermoplastic Composites Market Size, By Fiber Type, 2017–2024 (USD Million)
Table 36 Thermoplastic Composites Market Size, By Fiber Type, 2017–2024 (Kiloton)
Table 37 Glass: Thermoplastic Composites Market Size, By Region, 2017-2024 (USD Million)
Table 38 Glass: Thermoplastic Composites Market Size, By Region, 2017-2024 (Kiloton)
Table 39 Carbon: Thermoplastic Composites Market Size, By Region, 2017–2024 (USD Million)
Table 40 Carbon: Thermoplastic Composites Market Size, By Region, 2017–2024 (Kiloton)
Table 41 Mineral: Thermoplastic Composites Market Size, By Region, 2017–2024 (USD Million)
Table 42 Mineral: Thermoplastic Composites Market Size, By Region, 2017–2024 (Kiloton)
Table 43 Other Fiber Types: Thermoplastic Composites Market Size, By Region, 2017–2024 (USD Million)
Table 44 Other Fiber Types: Thermoplastic Composites Market Size, By Region, 2017–2024 (Kiloton)
Table 45 Thermoplastic Composites Market Size, By Application, 2017–2024 (USD Million)
Table 46 Thermoplastic Composites Market Size, By Application, 2017–2024 (Kiloton)
Table 47 Thermoplastic Composites Market Size in Transportation, By Region, 2017–2024 (USD Million)
Table 48 Thermoplastic Composites Market Size in Transportation, By Region, 2017–2024 (Kiloton)
Table 49 Thermoplastic Composites Market Size in Consumer Goods & Electronics, By Region, 2017–2024 (USD Million)
Table 50 Thermoplastic Composites Market Size in Consumer Goods & Electronics, By Region, 2017–2024 (Kiloton)
Table 51 Thermoplastic Composites Market Size in Aerospace & Defense, By Region, 2017–2024 (USD Million)
Table 52 Thermoplastic Composites Market Size in Aerospace & Defense, By Region, 2017–2024 (Kiloton)
Table 53 Thermoplastic Composites Market Size in Sports & Leisure, By Region, 2017–2024 (USD Million)
Table 54 Thermoplastic Composites Market Size in Sports & Leisure, By Region, 2017–2024 (Kiloton)
Table 55 Thermoplastic Composites Market Size in Construction, By Region, 2017–2024 (USD Million)
Table 56 Thermoplastic Composites Market Size in Construction, By Region, 2017–2024 (Kiloton)
Table 57 Thermoplastic Composites Market Size in Wind Energy, By Region, 2017–2024 (USD Million)
Table 58 Thermoplastic Composites Market Size in Wind Energy, By Region, 2017–2024 (Kiloton)
Table 59 Thermoplastic Composites Market in Other Applications, By Region, 2017-2024 (USD Million)
Table 60 Thermoplastic Composites Market in Other Applications, By Region, 2017-2024 (Kiloton)
Table 61 Thermoplastic Composites Market Size, By Region, 2017–2024 (USD Million)
Table 62 Thermoplastic Composites Market Size, By Region, 2017-2024 (Kiloton)
Table 63 North America: Thermoplastic Composites Market Size, By Application, 2017–2024 (USD Million)
Table 64 North America: Thermoplastic Composites Market Size, By Application, 2017–2024 (Kiloton)
Table 65 North America: Thermoplastic Composites Market Size, By Country, 2017–2024 (USD Million)
Table 66 North America: Thermoplastic Composites Market Size, By Country, 2017–2024 (Kiloton)
Table 67 Europe: Thermoplastic Composites Market Size, By Application, 2017–2024 (USD Million)
Table 68 Europe: Thermoplastic Composites Market Size, By Application, 2017–2024 (Kiloton)
Table 69 Europe: Thermoplastic Composites Market Size, By Country, 2017–2024 (USD Million)
Table 70 Europe: Thermoplastic Composites Market Size, By Country, 2017–2024 (Kiloton)
Table 71 APAC: Thermoplastic Composites Market Size, By Application, 2017–2024 (USD Million)
Table 72 APAC: Thermoplastic Composites Market Size, By Application, 2017–2024 (Kiloton)
Table 73 APAC: Thermoplastic Composites Market Size, By Country, 2017–2024 (USD Million)
Table 74 APAC: Thermoplastic Composites Market Size, By Country, 2017–2024 (Kiloton)
Table 75 Latin America: Thermoplastic Composites Market Size, By Application, 2017–2024 (USD Million)
Table 76 Latin America: Thermoplastic Composites Market Size, By Application, 2017–2024 (Kiloton)
Table 77 Latin America: Thermoplastic Composites Market Size, By Country, 2017–2024 (USD Million)
Table 78 Latin America: Thermoplastic Composites Market Size, By Country, 2017–2024 (Kiloton)
Table 79 MEA: Thermoplastic Composites Market Size, By Application, 2017–2024 (USD Million)
Table 80 MEA: Thermoplastic Composites Market Size, By Application, 2017–2024 (Kiloton)
Table 81 MEA: Thermoplastic Composites Market Size, By Country, 2017–2024 (USD Million)
Table 82 MEA: Thermoplastic Composites Market Size, By Country, 2017–2024 (Kiloton)


List of Figures (48 Figures)

Figure 1 Thermoplastic Composites Market: Research Methodology
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Thermoplastic Composites Market: Data Triangulation
Figure 5 LFT Segment to Drive the Overall Thermoplastic Composites Market Between 2019 and 2024
Figure 6 Transportation is the Biggest Consumer of Thermoplastic Composites in 2018
Figure 7 China to Be the Fastest-Growing Thermoplastic Composites Market
Figure 8 Glass Fiber Composites to Dominate Overall Thermoplastic Composites Market
Figure 9 Polyamide Resin Dominated the Overall Thermoplastic Composites Market in 2018
Figure 10 APAC Accounted for Largest Share of the Global Thermoplastic Composites Market, in 2018)
Figure 11 High Demand From Transportation Application to Drive the Market
Figure 12 APAC Accounted for the Largest Market Share
Figure 13 SFT Segment to Be Dominate the Overall Thermoplastic Composites Market
Figure 14 Polyamide Accounts for Largest Share of the Overall Thermoplastic Composites Market
Figure 15 Glass Segment Dominates the Overall Thermoplastic Composites Market
Figure 16 China to Register the Highest Cagr in Thermoplastic Composites Market
Figure 17 Drivers, Restraints, Opportunities, and Challenges in Thermoplastic Composites Market
Figure 18 Porter’s Five Forces Analysis: Thermoplastic Composites Market
Figure 19 Trends and Forecast of GDP, 2019–2024 (USD Billion)
Figure 20 New Airplane Deliveries Through 2037, By Region
Figure 21 Automotive Production in Key Countries, Million Units (2017 vs. 2018)
Figure 22 Peek-Based Thermoplastic Composites Market to Register at the Highest Cagr
Figure 23 APAC to Lead the Polyamide Resin-Based Thermoplastic Composites Market
Figure 24 Short Fiber Thermoplastic to Account for Majority Share in the Thermoplastic Composites Market
Figure 25 Carbon Set to Register the Highest Growth in the Thermoplastic Composites Market Between 2019 and 2024
Figure 26 APAC to Lead the Glass Fiber-Reinforced Thermoplastic Composites Market, 2019–2024
Figure 27 Transportation Application to Lead the Thermoplastic Composites Market
Figure 28 APAC is Projected to Drive the Thermoplastic Composites Market in Transportation Application
Figure 29 China to Be the Fastest-Growing Thermoplastic Composites Market Between 2019 and 2024
Figure 30 North America: Thermoplastic Composites Market Snapshot
Figure 31 Europe: Thermoplastic Composites Market Snapshot
Figure 32 APAC: Thermoplastic Composites Market Snapshot
Figure 33 Companies Adopted New Product Development as the Key Growth Strategy Between 2015 and 2019
Figure 34 Thermoplastic Composites Market (Global) Competitive Leadership Mapping, 2018
Figure 35 Celanese Corporation: Company Snapshot
Figure 36 Celanese Corporation: SWOT Analysis
Figure 37 DowDuPont Inc.: Company Snapshot
Figure 38 Koninklijke DSM N.V.: Company Snapshot
Figure 39 Toray Industries, Inc.: Company Snapshot
Figure 40 SABIC: Company Snapshot
Figure 41 SABIC: SWOT Analysis
Figure 42 Lanxess AG: Company Snapshot
Figure 43 Lanxess AG: SWOT Analysis
Figure 44 Solvay S.A.: Company Snapshot
Figure 45 Solvay S.A.: SWOT Analysis
Figure 46 BASF SE: Company Snapshot
Figure 47 BASF SE: SWOT Analysis
Figure 48 Polyone Corporation: Company Snapshot

The study involved four major activities in estimating the current market size for thermoplastic composites. Exhaustive secondary research was done to collect information on the market, the peer market, and the 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 procedures were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg, AVK,  JEC Composites, Thermoplastic Research Center, Automotive World, and Composites World were referred, to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; gold standard & silver standard websites; regulatory bodies; trade directories; and databases.

Primary Research

The thermoplastic composites market comprises several stakeholders such as raw material manufacturers, distributors & suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of the various industries such as aerospace & defense, construction, consumer goods, electrical & electronics, sports & leisure, wind energy, and automotive. Advancements in technology and diverse applications characterize the supply side. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents:

Thermoplastic Composites Market

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total thermoplastic composites market size. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size included the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the estimation process explained above, the market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both demand and supply sides in the aerospace & defense, construction, consumer goods, electrical & electronics, automotive, and other industries.

Report Objectives

  • To analyze and forecast the market size of thermoplastic composites, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To define, describe, and forecast the market based on resin type, fiber, product type, and application
  • To define, describe, and forecast the market based on five regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and Latin America
  • To strategically analyze micro markets with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To strategically profile the key players and comprehensively analyze their market share and core competencies.

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

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

  • A further breakdown of the thermoplastic composites market in Rest of Europe
  • A further breakdown of the thermoplastic composites market in Rest of APAC
  • A further breakdown of the thermoplastic composites market in Rest of Latin America
  • A further breakdown of the thermoplastic composites market Rest of MEA

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Report Code
CH 3527
Published ON
Aug, 2019
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