Thermoplastic Composite Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Thermoplastic composites can be characterized as continuous and discontinuous composites. Short fiber thermoplastics and long fiber thermoplastics are the two widely used types of thermoplastic composites internationally. Thermoplastic composites have accomplished rapid acceptance as a appropriate substitute to die castings, metal assemblies and traditional plastic materials in the market. Factors including high rigidity, high impact strength and better surface quality backed by less product rejection, high resistance to extreme temperatures have boosted the growth of the thermoplastic composites market to the greater extent.

MARKET DYNAMICS

Increasing usage of thermoplastic composite materials in automotive components such as wheels, chassis, hoods, and roofs in high-performance vehicles and racing vehicles are considered as a critical driving factor for the increasing penetration of thermoplastic composites in the automobile industry. Decreased cost for consumers and development in product performance through innovation and research and development is anticipated to further boost the market growth. The comparatively higher cost of raw materials poses the major challenge to the industry and also acts as a restraint to an otherwise booming industry.

MARKET SCOPE

The "Global Thermoplastic Composite Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the thermoplastic composite with detailed market segmentation by type, resin type, end-use industry. The global thermoplastic composite market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading thermoplastic composite market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global thermoplastic composite market is segmented on the basis of type into glass, carbon, mineral, others. On the basis of resin type the thermoplastic composite market is segmented into PA, PP, PEEK, hybrid, others. Moreover, on the basis of end-use industry the market has been segmented into transportation, consumer goods & electronics, wind energy, sports & leisure, construction, aerospace & defense, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global thermoplastic composite market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The thermoplastic composite market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the thermoplastic composite market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the thermoplastic composite market in these regions.

MARKET PLAYERS

The reports cover key developments in the thermoplastic composite market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from thermoplastic composite market are anticipated to lucrative growth opportunities in the future with the rising demand for thermoplastic composite in the global market. Below mentioned is the list of few companies engaged in the thermoplastic composite market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the thermoplastic composite market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Hexcel Corporation
  
•   Celenase Corporatio
  
•   DOWDUPONT INC
  
•   TENCATE
  
•   SOLVAY
  
•   Toray Industries, Inc.
  
•   SABIC
  
•   Lanxess A.G.
  
•   BASF SE
  
•   Polyone Corporation
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Thermoplastic Composite Report Scope