According to a new market report published by Lucintel, the future of the thermoplastic composites market looks promising with opportunities in the transportation, consumer goods, industrial, and construction market. The global thermoplastic composites market is expected to reach an estimated $19.4 billion by 2027 with a CAGR of 5.3% from 2021 to 2027. The major drivers for this market are growing demand for lightweight and environmentally sustainable materials, and the replacement of metals with composites in different end use industries.
Browse 85 market data tables and 124 figures spread through 260 pages and in-depth TOC on “Global Thermoplastic Composites Market"
In this market, different types of thermoplastic composites such as SFT, LFT, GMT, and CFT are used as material type. Lucintel forecasts that SFT will remain the largest market due to its wide usage in injection molding part fabrication. Lucintel predicts that CFT will witness the fastest growth during the forecast period due to increasing demand for high performance thermoplastic composites reinforced with continuous fiber.
Within the thermoplastic composites market, transportation will remain the largest end use segment over the forecast period due to increasing demand for lightweight materials. Industrial segment is expected to witness highest growth over the forecast period.
Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to growing demand for lightweight and environmentally sustainable composite materials from the end use industries
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing inter-material competition and increasing focus on continuous fiber reinforced thermoplastic composites. SABIC, Celanese, BASF, DSM, Solvay, and Hanwha and others are among the major thermoplastic composites manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global thermoplastic composites market end use, material type, resin, reinforcement, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Thermoplastic Composites Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global thermoplastic composites market end use, material type, resin, reinforcement, and region as follows:
By End Use [Value ($B) and Volume (Kilotons) shipment analysis for 2016 – 2027]:
•Transportation
•Consumer Goods
•Construction
•Industrial
•Others
By Material Type [Value ($B) and Volume (Kilotons) shipment analysis for 2016 – 2027]:
•Short fiber thermoplastics (SFT)
•Long fiber thermoplastics (LFT)
•Continuous fiber thermoplastics (CFT)
•Glass Mat Thermoplastics (GMT)
By Reinforcement Type [Value ($B) and Volume (Kilotons) shipment analysis for 2016 – 2027]:
•Glass fiber
•Carbon fiber & others
By Resin Type [Value ($B) and Volume (Kilotons) shipment analysis for 2016 – 2027]:
•Polypropylene (PP)
•Polyamide (PA)
•Polybutylene terephthalate (PBT)
•Others
By Region [Value ($B) and Volume (Kilotons) shipment analysis for 2016 – 2027]:
•North America
•Europe
•Asia Pacific
•The Rest of the World
This 260-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/thermoplastic-composites-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the global thermoplastic composites market by end (transportation, consumer goods, construction, industrial, and others), material type (SFT, LFT, GMT, and CFT), reinforcement type (glass fiber, and carbon fiber and other), resin type (PP, PA, PBT, others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?