Thermoplastic Composites Market Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players -BASF, Lanxess, DSM, SABIC, PolyOne

The global Thermoplastic Composites Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 7.5% during the review period (2022 to 2027)

Thermoplastic Composites Market Overview

thermoplastic Composites is presently driven by the automotive, construction and aerospace industries. In the aerospace & defense industry, the use of thermoplastic composites is mainly intended to minimize the total weight and corrosion in the aircraft structure. In addition, maintenance costs for aircraft produced using composites have significantly reduced compared with maintenance costs for aircraft produced using conventional materials. Thermoplastic composites having various properties including insubstantial weight, superior strength, weather-resistant finish, and various surface textures. Which in turn, the demand for thermoplastic composites in aerospace industry is expected to grow with significant CAGR. Increase in fuel prices have prompted the need for vehicles that are fuel efficient. Thermoplastic composites are most commonly used as replacements for aluminum, wood, and steel due to their higher strength-to-weight ratio. Thermoplastic resins used in the production of thermoplastic composites are higher priced compared to thermoset resins. Raw materials constitute a large portion of the total cost of these composites. The raw material, processing, and manufacturing cost of thermoplastic composites is a costly affair, which results in high end-product price. Interest in thermoplastic matrix composites has increased in recent years, owing to several advantages of these materials, including high volume processability, recyclability, superior damage tolerance, and fracture toughness, and the ability to produce complex shapes.

Industry News:

In February 2021, Solvay and Leonardo announced the launch of a joint research lab dedicated to the development of novel composite materials and production processes critical for the future of the aerospace industry.

In June 2020, Solvay announced its five-year material supply agreement with Leonardo for programs across its Aerostructures, Aircraft, Helicopters, and Electronics divisions.

What are the major Applications, Types and Regions for  Thermoplastic Composites Market?

By Type, it is segmented into

• Glass Fiber


• Carbon Fiber


• Others

By Applications it is segmented into

• Automotive


• Aerospace/Aviation


• Electrical and Electronics


• Consumer Goods


• Oil & gas


• Medical


• Others

Thermoplastic Composites Market Regional Analysis

China is the max manufacturer and consumer of thermoplastic composites in the region, followed by India and Japan. According to the OICA, China is the largest producer of automobiles in the world. However, automotive production in the country has been witnessing a huge decline for the past three years.

North America

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  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
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  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Thermoplastic Composites Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Thermoplastic Composites Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Thermoplastic Composites Market Report Scope?

Key Takeaways from this  Thermoplastic Composites Report

• Evaluate  Thermoplastic Composites market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the  Thermoplastic Composites market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

FAQ -

What is the study period of this market?

The Thermoplastic Composites Market is studied from 2017 - 2027.

 What is the growth rate of Thermoplastic Composites Market?

The Thermoplastic Composites Market is growing at a CAGR of 7.5% over the next 5 years.

What regions does this Thermoplastic Composites Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.