USD 6.94 Bn growth opportunity in Thermoplastic Composites Market — APAC to emerge as a key market – QNT Press Release

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NEW YORK, Oct. 3, 2022 /PRNewswire/ — The “Thermoplastic Composites Market by Fiber Type, Product, End-User, Resin Type, and Geography – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. According to the report, the market will observe an incremental growth of USD 6.94 billion between 2021 and 2026, accelerating at a CAGR of 6.64% during the forecast period. The analysts at Technavio have considered various aspects such as the end-user base, adoption rate, average selling price, revenue generated by chemical manufacturers, and various other factors to estimate the market size. Download the PDF Report

The global thermoplastics market is highly fragmented and the degree of fragmentation will accelerate during the forecast period. The market is highly competitive with players competing to gain the largest market share. The vendors compete based on their product offerings with unique value propositions to strengthen their foothold in the market. The competition in the market is likely to intensify during the forecast period as vendors leverage the existing growth opportunities in the fast-growing segments while capitalizing on their positions in the slow-growing segments.

Increasing demand for thermoplastic composites in the automotive industry has been instrumental in driving the growth of the market. However, the high cost of manufacturing, the lack of plastic behavior, and the very low shear strength in the transverse direction are the major challenges, associated with fiber-reinforced polymer composites, impeding the thermoplastic composites market growth. Arkema SA, BASF SE, Avient Corp., Celanese Corp., Covestro AG, Daicel Corp., DuPont de Nemours Inc., Greene Tweed and Co., Hanwha Azdel Inc ., Kingfa Science and Technology Ltd., Koninklijke DSM NV, LANXESS AGMitsubishi Chemical Holdings Corp., RTP Co., SABIC, SGL Carbon SE, Solvay SA, Suprem SA, Toray TCAC Holding BV, and Victrex Plc are among some of the major market participants. Request a Sample Report Here

The thermoplastic composites market is segmented as below:

  • Fiber Type
    • Glass fiber
    • Carbon Fiber
    • Mineral Fiber
    • Others

The glass fiber segment exhibited the maximum growth in the market. Rising demand from various end-user industries, such as automotive, aerospace and defense, construction, marine, sports and leisure, and electrical and electronics is driving the growth of the segment.

  • End-user
    • Aerospace And Defense
    • Consumer Goods And Electronics
    • Automotive
    • Construction
    • Wind Energy
    • Others
  • Product
    • Short Fiber Thermoplastics
    • Long Fiber Thermoplastics
    • Continuous Fiber Thermoplastics
    • Glass Mat Thermoplastics
  • Resin Type
    • Polyamide
    • Polypropylene
    • Polyetheretherketone
    • Hybrid
    • Others
  • Geographic
    • APAC
    • North America
    • Europe
    • South America
    • Middle East And Africa

APAC will emerge as the key market for thermoplastic composites, occupying 51% of the global market share. The growth of the regional market can be attributed to the increasing use of thermoplastic composites in manufacturing automotive body parts as well as the increasing number of residential construction activities in developing nations like India and China. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The Thermoplastic Market report covers the following areas:

Thermoplastic Composites Market 2022-2026: Key Highlights
  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist thermoplastic composites market growth during the next five years
  • Estimation of the thermoplastic composites market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the thermoplastic composites market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the thermoplastic composites market, vendors
Related Reports:

Thermoplastic Composites Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.64%

Market growth 2022-2026

$6.94 billion

Market structure

Fragmented

YoY growth (%)

6.22

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 51%

Key consumer countries

US, China, Japan, India, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Arkema SA, BASF SE, Avient Corp., Celanese Corp., Covestro AG, Daicel Corp., DuPont de Nemours Inc., Greene Tweed and Co., Hanwha Azdel Inc., Kingfa Science and Technology Ltd., Koninklijke DSM NV, LANXESS AG, Mitsubishi Chemical Holdings Corp., RTP Co., SABIC, SGL Carbon SE, Solvay SA, Suprem SA, Toray TCAC Holding BV, and Victrex Plc

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

  • 1.1 Market Overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Fiber Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 08: Executive Summary – Chart on Market Segmentation by Resin Type
    • Exhibit 09: Executive Summary – Chart on Incremental Growth
    • Exhibit 10: Executive Summary – Data Table on Incremental Growth
    • Exhibit 11: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 12: Parent market
    • Exhibit 13: Market Characteristics

3 Market Sizing

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