USD 6.94 Bn growth opportunity in Thermoplastic Composites Market -- APAC to emerge as a key market
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 S.A., 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 B.V., 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:
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 S.A., 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 B.V., 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
3.1 Market Definition
Exhibit 14: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 15: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 16: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 17: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 18: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 19: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 20: Five forces analysis - Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 21: Chart on Bargaining power of buyers ? Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 22: Bargaining power of suppliers ? Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 23: Threat of new entrants ? Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 24: Threat of substitutes ? Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 25: Threat of rivalry ? Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 26: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Fiber Type
5.1 Market segments
Exhibit 27: Chart on Fiber Type - Market share 2021-2026 (%)
Exhibit 28: Data Table on Fiber Type - Market share 2021-2026 (%)
5.2 Comparison by Fiber Type
Exhibit 29: Chart on Comparison by Fiber Type
Exhibit 30: Data Table on Comparison by Fiber Type
5.3 Glass fiber - Market size and forecast 2021-2026
Exhibit 31: Chart on Glass fiber - Market size and forecast 2021-2026 ($ million)
Exhibit 32: Data Table on Glass fiber - Market size and forecast 2021-2026 ($ million)
Exhibit 224: Validation techniques employed for market sizing
Exhibit 225: Information sources
14.5 List of abbreviations
Exhibit 226: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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