ID: MRFR/CnM/2891-HCR | February 2021 | Region: Global | 140 Pages
TABLE OF CONTENTS
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining power of buyers
4.1.3 Threat of substitutes
4.1.4 Segment rivalry
4.2 Value Chain/Supply Chain of Global Thermoplastic Composites Market
5 Industry Overview of Global Thermoplastic Composites Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact analysis
5.4 Market Challenges
5.5 Impact analysis
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact analysis
7. Global Thermoplastic Composites Market by Region
8. Global Thermoplastic Composites Market by product type (short fiber reinforced thermoplastic (SFRT), long fiber reinforced thermoplastic (LFRT), continuous fiber reinforced thermoplastic (CFRT), and glass mat thermoplastics (GMT))
9. Global Thermoplastic Composites Market by fiber type (fiberglass and carbon fiber)
10. Global Thermoplastic Composites Market by end use industries (aerospace & defense, wind energy, automotive, building & construction, sports, electrical & electronics and others)
11. Company Landscape
12. Company Profiles
12.1 DuPont
12.1.1 Company Overview
12.1.2 Product/Business Segment Overview
12.1.3 Financial Updates
12.1.4 Key Developments
12.2 Arkema Group
12.2.1 Company Overview
12.2.2 Product/Business Segment Overview
12.2.3 Financial Updates
12.2.4 Key Developments
12.3 SGL Carbon SE
12.3.1 Company Overview
12.3.2 Product/Business Segment Overview
12.3.3 Financial Updates
12.3.4 Key Developments
12.4 Celanese Corporation
12.4.1 Company Overview
12.4.2 Product/Business Segment Overview
12.4.3 Financial Updates
12.4.4 Key Developments
12.5 DSM N.V.
12.5.1 Company Overview
12.5.2 Product/Business Segment Overview
12.5.3 Financial Updates
12.5.4 Key Developments
12.6 Koninklijke Ten Cate bv.
12.6.1 Company Overview
12.6.2 Product/Business Segment Overview
12.6.3 Financial Updates
12.6.4 Key Developments
12.7 SABIC
12.7.1 Company Overview
12.7.2 Product/Business Segment Overview
12.7.3 Financial Updates
12.7.4 Key Developments
12.8 TEIJIN LIMITED
12.8.1 Company Overview
12.8.2 Product/Business Segment Overview
12.8.3 Financial Updates
12.8.4 Key Developments
12.9 LANXESS
12.9.1 Company Overview
12.9.2 Product/Business Segment Overview
12.9.3 Financial Updates
12.9.4 Key Developments
12.10 BASF SE
12.10.1 Company Overview
12.10.2 Product/Business Segment Overview
12.10.3 Financial Updates
12.10.4 Key Developments
13 Conclusion
LIST OF TABLES
Table 1 World Population by Major Regions (2020-2027)
Table 2 Global Thermoplastic Composites Market: By Region, 2020-2027
Table 3 North America Thermoplastic Composites Market: By Country, 2020-2027
Table 4 Europe Thermoplastic Composites Market: By Country, 2020-2027
Table 5 Asia-Pacific Thermoplastic Composites Market: By Country, 2020-2027
Table 6 Middle East & Africa Thermoplastic Composites Market: By Country, 2020-2027
Table 7 Latin America Thermoplastic Composites Market: By Country, 2020-2027
Table 8 Global Thermoplastic Composites by Product Type Market: By Regions, 2020-2027
Table 9 North America Thermoplastic Composites by Product Type Market: By Country, 2020-2027
Table 10 Europe Thermoplastic Composites by Product Type Market: By Country, 2020-2027
Table 11 Asia-Pacific Thermoplastic Composites by Product Type Market: By Country, 2020-2027
Table 12 Middle East & Africa Thermoplastic Composites by Product Type Market: By Country, 2020-2027
Table 13 Latin America Thermoplastic Composites by Product Type Market: By Country, 2020-2027
Table 14 Global Thermoplastic Composites by Fiber Type Market: By Regions, 2020-2027
Table 15 North America Thermoplastic Composites by Fiber Type Market: By Country, 2020-2027
Table 16 Europe Thermoplastic Composites by Fiber Type Market: By Country, 2020-2027
Table 17 Asia-Pacific Thermoplastic Composites by Fiber Type Market: By Country, 2020-2027
Table 18 Middle East & Africa Thermoplastic Composites by Fiber Type Market: By Country, 2020-2027
Table 19 Latin America Thermoplastic Composites by Fiber Type Market: By Country, 2020-2027
Table 20 North America Thermoplastic Composites for End use industry Market: By Country, 2020-2027
Table 21 Europe Thermoplastic Composites for End use industry Market: By Country, 2020-2027
Table 22 Asia-Pacific Thermoplastic Composites for End use industry Market: By Country, 2020-2027
Table 23 Middle East & Africa Thermoplastic Composites for End use industry Market: By Country, 2020-2027
Table 24 Latin America Thermoplastic Composites for End use industry Market: By Country, 2020-2027
Table 25 Global Product Type Market: By Region, 2020-2027
Table 26 Global End Uses Market: By Region, 2020-2027
Table 27 Global End use industry Market: By Region, 2020-2027
Table 28 North America Thermoplastic Composites Market, By Country
Table 29 North America Thermoplastic Composites Market, By Product Type
Table 30 North America Thermoplastic Composites Market, By Fiber Type
Table 31 North America Thermoplastic Composites Market, By End use industry
Table 32 Europe: Thermoplastic Composites Market, By Country
Table 33 Europe: Thermoplastic Composites Market, By Product Type
Table 34 Europe: Thermoplastic Composites Market, By Fiber Type
Table 35 Europe: Thermoplastic Composites Market, By End use industry
Table 36 Asia-Pacific: Thermoplastic Composites Market, By Country
Table 37 Asia-Pacific: Thermoplastic Composites Market, By Product Type
Table 38 Asia-Pacific: Thermoplastic Composites Market, By Fiber Type
Table 39 Asia-Pacific: Thermoplastic Composites Market, By End use industry
Table 40 Middle East & Africa: Thermoplastic Composites Market, By Country
Table 41 Middle East & Africa Thermoplastic Composites Market, By Product Type
Table 42 Middle East & Africa Thermoplastic Composites Market, By Fiber Type
Table 43 Middle East & Africa: Thermoplastic Composites Market, By End use industry
Table 44 Latin America: Thermoplastic Composites Market, By Country
Table 45 Latin America Thermoplastic Composites Market, By Product Type
Table 46 Latin America Thermoplastic Composites Market, By Fiber Type
Table 47 Latin America: Thermoplastic Composites Market, By End use industry
LIST OF FIGURES
FIGURE 1 Global Thermoplastic Composites Market segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis of Global Thermoplastic Composites Market
FIGURE 4 Value Chain of Global Thermoplastic Composites Market
FIGURE 5 Share of Global Thermoplastic Composites Market in 2020, by country (in %)
FIGURE 6 Global Thermoplastic Composites Market, 2020-2027, (USD billion)
FIGURE 7 Sub-segments of Product type
FIGURE 8 Global Thermoplastic Composites Market size by Product Type, 2020
FIGURE 9 Share of Global Thermoplastic Composites Market by Product type, 2020-2027
FIGURE 10 Global Thermoplastic Composites Market size by Fiber type, 2020
FIGURE 11 Share of Global Thermoplastic Composites Market by Fiber type, 2020-2027
FIGURE 12 Global Thermoplastic Composites Market size by End Use Industry, 2020
FIGURE 13 Share of Global Thermoplastic Composites Market by End Use Industry, 2020-2027
$31.8 Billion
7.5%
Asia Pacific
2021-2027
The Thermoplastic Composites Market was marked at a value of USD 22.2 billion in 2020 and it is further expected to grow at a higher CAGR of 7.5% during the forecasted period to account for a higher market value of approximately USD 31.8 billion by the end of the forecasted period.
The polymer that becomes pliable and moldable when heated at a specific temperature and upon cooling it solidifies is called thermoplastic. It is also known by the other name called thermo-softening plastic. These polymers have qualities of both aluminum as well as rubber. It can be as hard as aluminum and at the same time soft like rubber. Moreover, these polymers are abrasion-resistant, lightweight, and can stand up to a temperature of 600° F. These polymers are manufactured with the combination of two or more two materials possessing different chemical and physical properties. This enables the polymers to have different characteristics.
COVID 19 Analysis
The global pandemic of COVID 19 has affected a major chunk of the population. Many people have lost their livelihood because of this global pandemic. It has affected the dynamics and growth of several industries. Everyone is worried about their immunity and follows social distancing. During the lockdown situation, operational activities of various end-user industries were halted which resulted in demand shrink for the Thermoplastic composites market which further leads to decreased sales revenue. The supply chain networks were also disrupted which lead to a decline in profit margin.
However, the Thermoplastic Composites Market is expected to recover from this global pandemic by the end of the third quarter of the coming year by properly strategizing according to the needs of the market.
Market Dynamics
Drivers
Numerous factors drive the market demand in the global market. Increasing demand for Thermoplastic Composites in the transportation industry drives the market demand all across the globe during the forecasted period. As it results in lower emission of CO2 and ensures the efficiency of vehicles. It also increases the shelf life of the vehicles. Increasing use of these composites in high-performance vehicles components like under-hood components, appearance grade components, roof components, door modules, front and end modules, and instrumental panels drive the market demand in the Thermoplastic Composites Market.
Opportunities
The rise in the demand for the thermoplastic composites market all across the globe. The increasing investment made by various individuals and governments for the construction of commercial buildings creates various growth opportunities in the Thermoplastic Composites Market during the review period. Moreover, the increasing need for these polymers results in more investment done by major key players to cater to the increasing diversity among various end-use industries. Ongoing extensive research in this sector provides various growth opportunities in the global market during the review period.
Restraints
Although the Thermoplastic Composites Market is increasing tremendously in the global market some factors restrict the market growth rate. Lack of standardization among different manufacturing technology is one of the major restraining factors that hamper the market growth rate. The high cost of raw materials results in a high price for thermoplastic composites and hence it can’t be afforded by all which hinders the market demand.
Value Chain Analysis
The Thermoplastic Composites Market is increasing incredibly at the global level owing to various benefits associated with it. It has various properties like low manufacturing cost, low processing, and good insulation properties that make it better than metals. Along with this, it is weather and heat resistant, lightweight, and stronger due to which is used in several end-user industries.
Thermoplastic Composite Market Share, by End Use Industry 2016 (%)
Market Segmentation
The Thermoplastic Composites Market has been divided all across the globe based on Fiber Type, Product Type, End-User Type, and Region.
Based on the Fiber Type
The Thermoplastic Composites Market has been divided all across the globe based on the Fiber Type into carbon fiber and fiberglass. The largest market share is held by the glass fiber or fiberglass-based thermoplastic composite material and hence it dominates in the global market.
Based on the Product Type
The Thermoplastic Composites Market has been divided all across the globe based on the Product Type into glass mat thermoplastic (GMT), continuous fiber-reinforced thermoplastic (CFRT), long fiber reinforced thermoplastic (LFRT), and short fiber reinforced thermoplastic (SFRT).
Based on the End-User Industry
The Thermoplastic Composites Market has been divided all across the globe based on the End-User Industry like sports industry, building, and construction industry, automotive industry, wind energy sector, aerospace and defense sector, and many others. The largest market share is held by the aerospace and defense industry and hence it dominates in the global market.
Based on the Region
The Thermoplastic Composites Market has been divided in the global market based on the region into North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region.
Regional Analysis
The Thermoplastic Composites Market has been divided all across the globe based on the region into North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region. Being the fastest-growing region, the largest market share in the global market is held by the Asia-Pacific region owing to increasing development in the wind industry, and aerospace and defense industry. Moreover, the presence of countries like Japan, India, and China is yet another contributing factor that drives the market demand in this region.
The second-largest market share in the global market is held by the North American region owing to the presence of countries like the US, Canada, and Mexico as they have a well-established advanced infrastructure for the sports industry, aerospace and defense industry, and many other end-user industries. Increasing military activities and power in the US is also a contributing factor.
The third-largest market share in the global market is held by the European region owing to the presence of countries like Italy, Germany, France, and the UK. The increasing use of thermoplastic composites in the automotive and aerospace industries drives the market demand in this region.
Competitive Landscape
The Most Prominent Major Key Players in the Thermoplastic Composites Market all across the globe are mentioned below:
These major key players use various strategies to sustain their market position in the Thermoplastic Composites Market in the global market by going for mergers, and acquisitions, by collaborating, setting up a joint venture, establishing a partnership, developing a new product line, innovation in the existing product, developing a new production process, and many others to expand their customer base in the untapped market of the Thermoplastic composites all across the globe.
Recent Developments
Report Overview
This Thermoplastic Composites Market Research Report consists of the following elements mentioned below:
This market research report contains factors that drive the growth of the Thermoplastic Composites market in the global market along with the factors that restrict its growth in the global market. The opportunities available for growth in the market during the forecasted period are mentioned. The impact of COVID 19 on the market all across the globe is mentioned. The future growth rate in the Thermoplastic Composites market during the forecasted period is estimated and mentioned.
Intended Audience
Nationalized laboratory, raw material suppliers, potential investors, research and development institutes, traders and distributors of thermoplastic composites, thermoplastic composites manufacturers, and many others.
Report Attribute/Metric | Details |
---|---|
Market Size | 2030: Significant Value |
CAGR | (2022-2030) : Substantial Value |
Base Year | 2021 |
Forecast Period | 2022 to 2030 |
Historical Data | 2019Â &Â 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Product Type, Fiber Type and End use industry |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | DuPont (U.S.), Arkema Group (France), SGL Carbon SE (Germany), Celanese Corporation (U.S.), DSM N.V. (Netherlands), Koninklijke Ten Cate bv. (Netherlands), SABIC (Saudi Aarbia), TEIJIN LIMITED (Japan), LANXESS (Germany), BASF SE (Germany) |
Key Market Opportunities | heavily investing in production of thermoplastic composites to meet increasing demand from diverse end use industries |
Key Market Drivers | Rising investments in the construction of commercial buildings. |
Frequently Asked Questions (FAQ) :
Aerospace & defense and wind energy are the major end-use industries of thermoplastic composites.
Asia Pacific accounts for the largest share in the global thermoplastic composites market. The region is anticipated to retain its dominance throughout the assessment period (2017-2023).
Rising investments in the construction of commercial buildings.
Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global thermoplastic composites market adopt to gain a larger competitive advantage.
Arkema Group (France), DuPont (US), SGL Carbon SE (Germany), DSM NV (Netherlands), Celanese Corporation (US), Koninklijke Ten Cate BV (Netherlands), TEIJIN LIMITED (Japan), SABIC (Saudi Arabia), LANXESS (Germany), and BASF SE (Germany), are some of the leading players in the global thermoplastic composites market.