Thermoplastic Composites Market Share and Growth 2031
The Thermoplastic Composites Market is expected to register a CAGR of 7% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The thermoplastic composites market report is segmented by fiber type (carbon fiber, glass fiber, and others). The market is segmented based on resin type (polyethylene, polyethylene, polyamide, polyetherketoneketone, and others). The market is segmented based on technology (injection molding, compression molding, pultrusion, and others). The market is segmented based on end-use industry (automotive, aerospace and defense, construction, sporting goods, marine, and others). The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.
Purpose of the ReportThe report Thermoplastic Composites Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Thermoplastic Composites Market Segmentation
Fiber Type- Carbon Fiber
- Glass Fiber
- Polyethylene
- Polyethylene
- Polyamide
- Polyetherketoneketone
Strategic Insights
Thermoplastic Composites Market Growth Drivers- Rising Demand for Lightweight Materials: Thermoplastic composites are increasingly being adopted in industries like automotive and aerospace due to their lightweight nature. These materials offer significant weight reduction compared to metals, which helps improve fuel efficiency in vehicles and aircraft. As the automotive industry focuses on electric and fuel-efficient vehicles, and the aerospace sector looks for performance-enhancing materials, the demand for thermoplastic composites is growing.
- Technological Advancements in Manufacturing Processes: Innovations in manufacturing technologies such as injection molding, compression molding, and continuous fiber thermoplastic composites are making it easier and more cost-effective to produce complex shapes and designs. These advancements not only make thermoplastic composites more versatile but also improve their performance, allowing them to replace traditional materials in a broader range of applications, particularly in industries like automotive, construction, and wind energy.
- Environmental Benefits and Sustainability: With growing environmental concerns and increasing regulatory pressures on reducing carbon footprints, thermoplastic composites offer a more sustainable solution due to their recyclability and potential for reducing material waste. These composites help manufacturers meet sustainability goals while providing durable, high-performance materials. This has led to increased adoption in sectors such as construction (for durable building components) and wind energy (for lightweight, strong turbine blades).
- Growth in Automotive and Aerospace Industries: The demand for thermoplastic composites is increasing in automotive and aerospace applications due to their ability to reduce weight and improve fuel efficiency. These composites are ideal for manufacturing lightweight yet strong components, such as body panels, interior parts, and structural elements. The growing emphasis on electric vehicles (EVs) and the push for fuel-efficient designs are key drivers in these sectors.
- Advancements in Manufacturing Techniques: The market is seeing innovations in manufacturing technologies, such as injection molding, compression molding, and continuous fiber-reinforced thermoplastics. These advancements enable the production of complex and high-performance parts at lower costs and faster production rates. As these technologies improve, the use of thermoplastic composites is expanding into new industries, including construction, medical devices, and consumer electronics.
- Sustainability and Recycling: As sustainability becomes a priority, there is an increasing focus on developing thermoplastic composites that are recyclable and have minimal environmental impact. Unlike thermoset composites, thermoplastic composites can be reprocessed and reused, making them a more environmentally friendly option. This trend is driving the adoption of thermoplastic composites in industries seeking to meet sustainability goals, such as automotive and construction, where reducing waste and improving recyclability are critical.
- Growing Demand in Automotive and Aerospace Industries: Thermoplastic composites are becoming increasingly popular in the automotive and aerospace sectors due to their lightweight, high-strength, and corrosion-resistant properties. These materials help reduce vehicle weight, improve fuel efficiency, and enhance performance. As the demand for electric vehicles (EVs) and fuel-efficient aircraft continues to rise, the adoption of thermoplastic composites is expected to grow significantly in these industries.
- Advancements in Manufacturing Processes: Innovations in manufacturing processes, such as injection molding and automated fiber placement, are making it easier and more cost-effective to produce thermoplastic composites. These advancements are enhancing the scalability and efficiency of thermoplastic composite production, leading to increased adoption across various industries, including construction, marine, and sports equipment.
- Focus on Sustainability and Eco-friendly Materials: Thermoplastic composites are gaining popularity as eco-friendly alternatives to traditional materials like metals and thermosets. Their recyclability and ability to be reused in new products are driving the demand for sustainable solutions across industries. As companies focus on reducing their carbon footprint and meeting regulatory requirements, the market for thermoplastic composites is expanding.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Thermoplastic Composites Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Thermoplastic Composites Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Based on geography, Asia Pacific held the largest share of the thermoplastic composites market due to the strong growth of the construction, automotive, and sporting goods industries in the region.
Growing penetration in the automotive sector is expected to be the key market trends.
Based on end-use industry, the construction segment is expected to witness the fastest growth during the forecast period.
The Thermoplastic Composites Market is estimated to witness a CAGR of 7% from 2023 to 2031
Increasing demand for lightweight materials in automotive and aerospace industries is driving the market growth.
SGL Carbon, Toray Advanced Composites, TEIJIN LIMITED, Owens Corning, DuPont, Mitsubishi Chemical Group, Solvay, LANXESS, Arkema, and Avient Corporation are the key players operating in the thermoplastic composites market.
1. INTRODUCTION
1. 1. SCOPE OF THE STUDY
1. 2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1. 3. MARKET SEGMENTATION
1. 3. 1 Thermoplastic Composites Market - By Resin Type
1. 3. 2 Thermoplastic Composites Market - By Fiber Type
1. 3. 3 Thermoplastic Composites Market - By Application
1. 3. 4 Thermoplastic Composites Market - By Region
1. 3. 4. 1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. THERMOPLASTIC COMPOSITES MARKET LANDSCAPE
4. 1. OVERVIEW
4. 2. PORTER'S FIVE FORCES ANALYSIS
4. 2. 1 Bargaining Power of Buyers
4. 2. 1 Bargaining Power of Suppliers
4. 2. 1 Threat of Substitute
4. 2. 1 Threat of New Entrants
4. 2. 1 Competitive Rivalry
4. 3. EXPERT OPINIONS
5. THERMOPLASTIC COMPOSITES MARKET - KEY MARKET DYNAMICS
5. 1. KEY MARKET DRIVERS
5. 2. KEY MARKET RESTRAINTS
5. 3. KEY MARKET OPPORTUNITIES
5. 4. FUTURE TRENDS
5. 5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. THERMOPLASTIC COMPOSITES MARKET - GLOBAL MARKET ANALYSIS
6. 1. THERMOPLASTIC COMPOSITES - GLOBAL MARKET OVERVIEW
6. 2. THERMOPLASTIC COMPOSITES - GLOBAL MARKET AND FORECAST TO 2028
6. 3. MARKET POSITIONING
7. THERMOPLASTIC COMPOSITES MARKET - REVENUE AND FORECASTS TO 2028 - RESIN TYPE
7. 1. OVERVIEW
7. 2. RESIN TYPE MARKET FORECASTS AND ANALYSIS
7. 3. POLYAMIDE (PA)
7. 3. 1. Overview
7. 3. 2. Polyamide (PA) Market Forecast and Analysis
7. 4. POLYPROPYLENE (PP)
7. 4. 1. Overview
7. 4. 2. Polypropylene (PP) Market Forecast and Analysis
7. 5. POLYETHERETHERKETONE (PEEK)
7. 5. 1. Overview
7. 5. 2. Polyetheretherketone (PEEK) Market Forecast and Analysis
7. 6. HYBRID
7. 6. 1. Overview
7. 6. 2. Hybrid Market Forecast and Analysis
7. 7. OTHERS
7. 7. 1. Overview
7. 7. 2. Others Market Forecast and Analysis
8. THERMOPLASTIC COMPOSITES MARKET - REVENUE AND FORECASTS TO 2028 - FIBER TYPE
8. 1. OVERVIEW
8. 2. FIBER TYPE MARKET FORECASTS AND ANALYSIS
8. 3. GLASS
8. 3. 1. Overview
8. 3. 2. Glass Market Forecast and Analysis
8. 4. CARBON
8. 4. 1. Overview
8. 4. 2. Carbon Market Forecast and Analysis
8. 5. MINERAL
8. 5. 1. Overview
8. 5. 2. Mineral Market Forecast and Analysis
8. 6. OTHERS
8. 6. 1. Overview
8. 6. 2. Others Market Forecast and Analysis
9. THERMOPLASTIC COMPOSITES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9. 1. OVERVIEW
9. 2. APPLICATION MARKET FORECASTS AND ANALYSIS
9. 3. CONSUMER GOODS AND ELECTRONICS
9. 3. 1. Overview
9. 3. 2. Consumer Goods and Electronics Market Forecast and Analysis
9. 4. AEROSPACE AND DEFENSE
9. 4. 1. Overview
9. 4. 2. Aerospace and Defense Market Forecast and Analysis
9. 5. SPORTS AND LEISURE
9. 5. 1. Overview
9. 5. 2. Sports and Leisure Market Forecast and Analysis
9. 6. CONSTRUCTION
9. 6. 1. Overview
9. 6. 2. Construction Market Forecast and Analysis
9. 7. WIND ENERGY
9. 7. 1. Overview
9. 7. 2. Wind Energy Market Forecast and Analysis
9. 8. MEDICAL
9. 8. 1. Overview
9. 8. 2. Medical Market Forecast and Analysis
9. 9. OTHERS
9. 9. 1. Overview
9. 9. 2. Others Market Forecast and Analysis
10. THERMOPLASTIC COMPOSITES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10. 1. NORTH AMERICA
10. 1. 1 North America Thermoplastic Composites Market Overview
10. 1. 2 North America Thermoplastic Composites Market Forecasts and Analysis
10. 1. 3 North America Thermoplastic Composites Market Forecasts and Analysis - By Resin Type
10. 1. 4 North America Thermoplastic Composites Market Forecasts and Analysis - By Fiber Type
10. 1. 5 North America Thermoplastic Composites Market Forecasts and Analysis - By Application
10. 1. 6 North America Thermoplastic Composites Market Forecasts and Analysis - By Countries
10. 1. 6. 1 United States Thermoplastic Composites Market
10. 1. 6. 1. 1 United States Thermoplastic Composites Market by Resin Type
10. 1. 6. 1. 2 United States Thermoplastic Composites Market by Fiber Type
10. 1. 6. 1. 3 United States Thermoplastic Composites Market by Application
10. 1. 6. 2 Canada Thermoplastic Composites Market
10. 1. 6. 2. 1 Canada Thermoplastic Composites Market by Resin Type
10. 1. 6. 2. 2 Canada Thermoplastic Composites Market by Fiber Type
10. 1. 6. 2. 3 Canada Thermoplastic Composites Market by Application
10. 1. 6. 3 Mexico Thermoplastic Composites Market
10. 1. 6. 3. 1 Mexico Thermoplastic Composites Market by Resin Type
10. 1. 6. 3. 2 Mexico Thermoplastic Composites Market by Fiber Type
10. 1. 6. 3. 3 Mexico Thermoplastic Composites Market by Application
10. 2. EUROPE
10. 2. 1 Europe Thermoplastic Composites Market Overview
10. 2. 2 Europe Thermoplastic Composites Market Forecasts and Analysis
10. 2. 3 Europe Thermoplastic Composites Market Forecasts and Analysis - By Resin Type
10. 2. 4 Europe Thermoplastic Composites Market Forecasts and Analysis - By Fiber Type
10. 2. 5 Europe Thermoplastic Composites Market Forecasts and Analysis - By Application
10. 2. 6 Europe Thermoplastic Composites Market Forecasts and Analysis - By Countries
10. 2. 6. 1 Germany Thermoplastic Composites Market
10. 2. 6. 1. 1 Germany Thermoplastic Composites Market by Resin Type
10. 2. 6. 1. 2 Germany Thermoplastic Composites Market by Fiber Type
10. 2. 6. 1. 3 Germany Thermoplastic Composites Market by Application
10. 2. 6. 2 France Thermoplastic Composites Market
10. 2. 6. 2. 1 France Thermoplastic Composites Market by Resin Type
10. 2. 6. 2. 2 France Thermoplastic Composites Market by Fiber Type
10. 2. 6. 2. 3 France Thermoplastic Composites Market by Application
10. 2. 6. 3 Italy Thermoplastic Composites Market
10. 2. 6. 3. 1 Italy Thermoplastic Composites Market by Resin Type
10. 2. 6. 3. 2 Italy Thermoplastic Composites Market by Fiber Type
10. 2. 6. 3. 3 Italy Thermoplastic Composites Market by Application
10. 2. 6. 4 United Kingdom Thermoplastic Composites Market
10. 2. 6. 4. 1 United Kingdom Thermoplastic Composites Market by Resin Type
10. 2. 6. 4. 2 United Kingdom Thermoplastic Composites Market by Fiber Type
10. 2. 6. 4. 3 United Kingdom Thermoplastic Composites Market by Application
10. 2. 6. 5 Russia Thermoplastic Composites Market
10. 2. 6. 5. 1 Russia Thermoplastic Composites Market by Resin Type
10. 2. 6. 5. 2 Russia Thermoplastic Composites Market by Fiber Type
10. 2. 6. 5. 3 Russia Thermoplastic Composites Market by Application
10. 2. 6. 6 Rest of Europe Thermoplastic Composites Market
10. 2. 6. 6. 1 Rest of Europe Thermoplastic Composites Market by Resin Type
10. 2. 6. 6. 2 Rest of Europe Thermoplastic Composites Market by Fiber Type
10. 2. 6. 6. 3 Rest of Europe Thermoplastic Composites Market by Application
10. 3. ASIA-PACIFIC
10. 3. 1 Asia-Pacific Thermoplastic Composites Market Overview
10. 3. 2 Asia-Pacific Thermoplastic Composites Market Forecasts and Analysis
10. 3. 3 Asia-Pacific Thermoplastic Composites Market Forecasts and Analysis - By Resin Type
10. 3. 4 Asia-Pacific Thermoplastic Composites Market Forecasts and Analysis - By Fiber Type
10. 3. 5 Asia-Pacific Thermoplastic Composites Market Forecasts and Analysis - By Application
10. 3. 6 Asia-Pacific Thermoplastic Composites Market Forecasts and Analysis - By Countries
10. 3. 6. 1 Australia Thermoplastic Composites Market
10. 3. 6. 1. 1 Australia Thermoplastic Composites Market by Resin Type
10. 3. 6. 1. 2 Australia Thermoplastic Composites Market by Fiber Type
10. 3. 6. 1. 3 Australia Thermoplastic Composites Market by Application
10. 3. 6. 2 China Thermoplastic Composites Market
10. 3. 6. 2. 1 China Thermoplastic Composites Market by Resin Type
10. 3. 6. 2. 2 China Thermoplastic Composites Market by Fiber Type
10. 3. 6. 2. 3 China Thermoplastic Composites Market by Application
10. 3. 6. 3 India Thermoplastic Composites Market
10. 3. 6. 3. 1 India Thermoplastic Composites Market by Resin Type
10. 3. 6. 3. 2 India Thermoplastic Composites Market by Fiber Type
10. 3. 6. 3. 3 India Thermoplastic Composites Market by Application
10. 3. 6. 4 Japan Thermoplastic Composites Market
10. 3. 6. 4. 1 Japan Thermoplastic Composites Market by Resin Type
10. 3. 6. 4. 2 Japan Thermoplastic Composites Market by Fiber Type
10. 3. 6. 4. 3 Japan Thermoplastic Composites Market by Application
10. 3. 6. 5 South Korea Thermoplastic Composites Market
10. 3. 6. 5. 1 South Korea Thermoplastic Composites Market by Resin Type
10. 3. 6. 5. 2 South Korea Thermoplastic Composites Market by Fiber Type
10. 3. 6. 5. 3 South Korea Thermoplastic Composites Market by Application
10. 3. 6. 6 Rest of Asia-Pacific Thermoplastic Composites Market
10. 3. 6. 6. 1 Rest of Asia-Pacific Thermoplastic Composites Market by Resin Type
10. 3. 6. 6. 2 Rest of Asia-Pacific Thermoplastic Composites Market by Fiber Type
10. 3. 6. 6. 3 Rest of Asia-Pacific Thermoplastic Composites Market by Application
10. 4. MIDDLE EAST AND AFRICA
10. 4. 1 Middle East and Africa Thermoplastic Composites Market Overview
10. 4. 2 Middle East and Africa Thermoplastic Composites Market Forecasts and Analysis
10. 4. 3 Middle East and Africa Thermoplastic Composites Market Forecasts and Analysis - By Resin Type
10. 4. 4 Middle East and Africa Thermoplastic Composites Market Forecasts and Analysis - By Fiber Type
10. 4. 5 Middle East and Africa Thermoplastic Composites Market Forecasts and Analysis - By Application
10. 4. 6 Middle East and Africa Thermoplastic Composites Market Forecasts and Analysis - By Countries
10. 4. 6. 1 South Africa Thermoplastic Composites Market
10. 4. 6. 1. 1 South Africa Thermoplastic Composites Market by Resin Type
10. 4. 6. 1. 2 South Africa Thermoplastic Composites Market by Fiber Type
10. 4. 6. 1. 3 South Africa Thermoplastic Composites Market by Application
10. 4. 6. 2 Saudi Arabia Thermoplastic Composites Market
10. 4. 6. 2. 1 Saudi Arabia Thermoplastic Composites Market by Resin Type
10. 4. 6. 2. 2 Saudi Arabia Thermoplastic Composites Market by Fiber Type
10. 4. 6. 2. 3 Saudi Arabia Thermoplastic Composites Market by Application
10. 4. 6. 3 U. A. E Thermoplastic Composites Market
10. 4. 6. 3. 1 U. A. E Thermoplastic Composites Market by Resin Type
10. 4. 6. 3. 2 U. A. E Thermoplastic Composites Market by Fiber Type
10. 4. 6. 3. 3 U. A. E Thermoplastic Composites Market by Application
10. 4. 6. 4 Rest of Middle East and Africa Thermoplastic Composites Market
10. 4. 6. 4. 1 Rest of Middle East and Africa Thermoplastic Composites Market by Resin Type
10. 4. 6. 4. 2 Rest of Middle East and Africa Thermoplastic Composites Market by Fiber Type
10. 4. 6. 4. 3 Rest of Middle East and Africa Thermoplastic Composites Market by Application
10. 5. SOUTH AND CENTRAL AMERICA
10. 5. 1 South and Central America Thermoplastic Composites Market Overview
10. 5. 2 South and Central America Thermoplastic Composites Market Forecasts and Analysis
10. 5. 3 South and Central America Thermoplastic Composites Market Forecasts and Analysis - By Resin Type
10. 5. 4 South and Central America Thermoplastic Composites Market Forecasts and Analysis - By Fiber Type
10. 5. 5 South and Central America Thermoplastic Composites Market Forecasts and Analysis - By Application
10. 5. 6 South and Central America Thermoplastic Composites Market Forecasts and Analysis - By Countries
10. 5. 6. 1 Brazil Thermoplastic Composites Market
10. 5. 6. 1. 1 Brazil Thermoplastic Composites Market by Resin Type
10. 5. 6. 1. 2 Brazil Thermoplastic Composites Market by Fiber Type
10. 5. 6. 1. 3 Brazil Thermoplastic Composites Market by Application
10. 5. 6. 2 Argentina Thermoplastic Composites Market
10. 5. 6. 2. 1 Argentina Thermoplastic Composites Market by Resin Type
10. 5. 6. 2. 2 Argentina Thermoplastic Composites Market by Fiber Type
10. 5. 6. 2. 3 Argentina Thermoplastic Composites Market by Application
10. 5. 6. 3 Rest of South and Central America Thermoplastic Composites Market
10. 5. 6. 3. 1 Rest of South and Central America Thermoplastic Composites Market by Resin Type
10. 5. 6. 3. 2 Rest of South and Central America Thermoplastic Composites Market by Fiber Type
10. 5. 6. 3. 3 Rest of South and Central America Thermoplastic Composites Market by Application
11. INDUSTRY LANDSCAPE
11. 1. MERGERS AND ACQUISITIONS
11. 2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11. 3. NEW PRODUCT LAUNCHES
11. 4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. THERMOPLASTIC COMPOSITES MARKET, KEY COMPANY PROFILES
12. 1. BASF SE
12. 1. 1. Key Facts
12. 1. 2. Business Description
12. 1. 3. Products and Services
12. 1. 4. Financial Overview
12. 1. 5. SWOT Analysis
12. 1. 6. Key Developments
12. 2. LANXESS
12. 2. 1. Key Facts
12. 2. 2. Business Description
12. 2. 3. Products and Services
12. 2. 4. Financial Overview
12. 2. 5. SWOT Analysis
12. 2. 6. Key Developments
12. 3. SOLVAY S. A.
12. 3. 1. Key Facts
12. 3. 2. Business Description
12. 3. 3. Products and Services
12. 3. 4. Financial Overview
12. 3. 5. SWOT Analysis
12. 3. 6. Key Developments
12. 4. CELANESE CORPORATION
12. 4. 1. Key Facts
12. 4. 2. Business Description
12. 4. 3. Products and Services
12. 4. 4. Financial Overview
12. 4. 5. SWOT Analysis
12. 4. 6. Key Developments
12. 5. MITSUBISHI CHEMICAL ADVANCED MATERIALS
12. 5. 1. Key Facts
12. 5. 2. Business Description
12. 5. 3. Products and Services
12. 5. 4. Financial Overview
12. 5. 5. SWOT Analysis
12. 5. 6. Key Developments
12. 6. TORAY INDUSTRIES, INC.
12. 6. 1. Key Facts
12. 6. 2. Business Description
12. 6. 3. Products and Services
12. 6. 4. Financial Overview
12. 6. 5. SWOT Analysis
12. 6. 6. Key Developments
12. 7. DUPONT DE NEMOURS, INC.
12. 7. 1. Key Facts
12. 7. 2. Business Description
12. 7. 3. Products and Services
12. 7. 4. Financial Overview
12. 7. 5. SWOT Analysis
12. 7. 6. Key Developments
12. 8. POLYONE CORPORATION
12. 8. 1. Key Facts
12. 8. 2. Business Description
12. 8. 3. Products and Services
12. 8. 4. Financial Overview
12. 8. 5. SWOT Analysis
12. 8. 6. Key Developments
12. 9. KONINKLIJKE DSM N. V.
12. 9. 1. Key Facts
12. 9. 2. Business Description
12. 9. 3. Products and Services
12. 9. 4. Financial Overview
12. 9. 5. SWOT Analysis
12. 9. 6. Key Developments
12. 10. SABIC
12. 10. 1. Key Facts
12. 10. 2. Business Description
12. 10. 3. Products and Services
12. 10. 4. Financial Overview
12. 10. 5. SWOT Analysis
12. 10. 6. Key Developments
13. APPENDIX
13. 1. ABOUT THE INSIGHT PARTNERS
13. 2. GLOSSARY OF TERMS
The List Of Companies
- BASF SE
- Lanxess
- Solvay S. A.
- Celanese Corporation
- Mitsubishi Chemical Advanced Materials
- Toray Industries, Inc.
- DuPont de Nemours, Inc.
- Polyone Corporation
- Koninklijke DSM N. V.
- SABIC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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