Thermoplastic Composites Companies

The global thermoplastic composites market is a dynamic space, poised for significant growth in the coming years. Driven by factors like the rising demand for lightweight materials in various industries, the market is attracting a diverse range of players, each vying for a larger share of the pie. This competitive landscape is characterized by a blend of established giants and innovative startups, all employing unique strategies to gain an edge.

Strategies Shaping the Turf:

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  Product Diversification: Leading players like Solvay and Arkema are expanding their portfolios to cater to a wider range of applications across industries. This includes developing new resin systems, fiber combinations, and processing technologies.


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  Regional Focus: With Asia Pacific emerging as the fastest-growing market, companies like Toray Industries and Mitsubishi Chemical are establishing strong regional footprints through partnerships and acquisitions.


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  Sustainability Push: The growing emphasis on eco-friendly materials is prompting players to invest in bio-based and recyclable thermoplastic composites. Evonik and SABIC are pioneers in this area, offering sustainable solutions for various applications.


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  Vertical Integration: Some players are opting for vertical integration to gain control over the supply chain and improve efficiency. This includes acquiring raw material suppliers or investing in manufacturing facilities.


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  Collaboration and Partnerships: To accelerate innovation and market penetration, collaboration is becoming increasingly common. Strategic partnerships with research institutions, universities, and technology providers are fueling advancements in materials science and processing techniques.

Factors Influencing Market Share:

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  Technological Advancements: Continuous breakthroughs in resin systems, fiber types, and processing technologies are creating new opportunities and applications, benefiting players with strong R&D capabilities.


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  Cost Competitiveness: Price remains a key factor, especially in high-volume applications. Players with efficient production processes and access to low-cost raw materials can gain a significant advantage.


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  Customer Service and Support: Providing comprehensive technical support and customized solutions is crucial for building long-term relationships with customers. Players with strong customer service networks can build loyalty and secure repeat business.


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  Regulatory Landscape: Environmental regulations and safety standards can impact the use of certain materials. Players who comply with these regulations and develop compliant products will be better positioned to compete.

Key Companies in the Thermoplastic Composite Market include

• BASF


• DowDuPont


• Lanxess


• SABIC


• DSM


• Celanese


• PolyOne


• Solvay


• Toray


• Teijin Limited


• Mitsubishi Chemical


• Arkema


• SGL Carbon


• Hexcel


• RTP Company

Recent Developments:

In June 2020 Solvay announced its five-year material supply agreement with Leonardo for programs across its Aerostructures, Aircraft, Helicopters, and Electronics divisions. Solvay will provide a broad range of market-leading and innovative materials, including thermoset composites CYCOM 977-2 and CYCOM 970, thermoplastic composites APC and APC-2, and SURFACEMASTER 905 adhesives. In addition to material supply, Solvay will partner with Leonardo in multiple R&D initiatives targeting the development of new materials and process technologies.

In September 2019 Solvay announced that it is expanding its thermoplastic composites capacity with a new production line at its US facility in Anaheim, California, underscoring its commitment to meeting strong demand growth from aerospace customers for this high-performance material and Solvay’s proprietary and unique technology.

In June 2019 Mitsubishi Advanced Chemical Materials acquired Advanced Polymer Technologies (US) to enhance its technological advancement in the engineering plastics business. This acquisition will help the company to offer better solutions to the aerospace & defense, medical, and electrical & electronics industries.

In May 2019 Polyone Corporation launched new thermoplastic composite products at CHINAPLAS 2019. It introduced Complet LFT formulations, which is a thermoplastic composite with PEEK and PP as base resin, to meet highly demanding design and performance requirements.