psalexa

Thermoplastic Composites Market Research Report: By Resin Type (Polypropylene, Polyamide, Polyetheretherketone), Fiber Type (Glass, Carbon, Mineral), Product Type (Short-Fiber Thermoplastic, Long-Fiber Thermoplastic, Continuous-Fiber Thermoplastic, Glass Mat Thermoplastic), End-Use Industry (Aerospace & Defense, Electrical & Electronics, Transportation, Construction, Medical) – Global Industry Analysis and Demand Forecast to 2030

  • Publishing: May 2021
  • Report Code: CM12169
  • Available Format: PDF

Thermoplastic Composites Market Overview

A prominent trend observed in the global thermoplastic composites market is the designing of lightweight automobiles and aircraft, by replacing metal with composites. With the rising concerns related to carbon emissions, recyclability, and toughness, along with lightweight components, the automotive and aerospace industries have shifted from metal-based automobiles and aircraft to composite-based. This is likely to pave the way for the adoption of thermoplastic composites in the respective industries, across the globe.

The thermoplastic composites market is categorized into polypropylene, polyamide, polyetheretherketone, and others, based on resin type. Among these, the polypropylene category is expected to hold significant share in the market in coming years. This can be attributed to the high adoption of polypropylene in injection molding products for applications in domestic appliances, automobiles, crates & boxes, housewares, furniture, and medical and industrial products.

The thermoplastic composites market is classified into glass, carbon, mineral, and others, on the basis of fiber type. Among these, the glass category is expected to hold significant share in the market in coming years. This can be ascribed to the ability of glass fiber to associate with polypropylene and other resins, in order to reduce the cost of production and increase the production of automotive components such as bumpers, front, back, and side protections, and spoilers manufacturing. Moreover, owing to the increase in durability through the formation of internal skeletal, the demand for thermoplastic composites is rising.

The thermoplastic composites market is categorized into short-fiber thermoplastic, long-fiber thermoplastic, continuous-fiber thermoplastic, and glass mat thermoplastic, based on product type. Among these, the long-fiber thermoplastic category is expected to witness the fastest growth during the forecast period (2021–2030). This can be majorly attributed to the high usage of long-fiber thermoplastic composites in automotive applications, owing to their low cost and superior mechanical properties. The properties, such as excellent processability, low density, recyclability, excellent corrosion resistance, good vibration damping, and infinite shelf life, make the long-fiber thermoplastic composites a strong thermoplastic matrix, which may create a traction in the market in the upcoming years.

The thermoplastic composites market is categorized into aerospace & defense, electrical & electronics, transportation, construction, medical, and others. Among these, the transportation industry is expected to dominate the market in forecast years. This can be mainly attributed to the surging demand for lighter, faster, and stronger vehicles, as compared to metallic vehicles that are heavy in weight. Excellent formability, corrosion resistance, and high strength of thermoplastic composites allow designers to create lighter aircraft and high-speed cars.

Globally, the Asia-Pacific (APAC) thermoplastic composites market is expected to witness the fastest growth during the forecast period. This can be ascribed to the high domestic demand for thermoplastic composites in transportation, aerospace & defense, and consumer goods, and electronics applications.

Thermoplastic Composites Market Dynamics

Drivers

Increasing demand for lightweight products in the aerospace industry is majorly responsible for driving the demand for thermoplastic composites. These composites reduce weight of an aircraft by 1.1 tons and save 6,000 tons of aviation fuel over its lifetime. In addition, the rising demand for these composites for interior application in aircraft, owing to their lightweight; improved fuel efficiency; fire, smoke, and toxicity (FST) properties; corrosion resistance; and ability to mold into different and complex shapes, is expected to drive the thermoplastic composites market growth in coming years.

Restraints

High cost of raw materials, which are required for the production of thermoplastic composites, is majorly responsible for hindering the growth of the thermoplastic composites market. In addition, these materials constitute high processing and manufacturing costs, when compared with composites that cannot be remolded. In order to provide high flexibility, additives are added that tend to rise the production cost, which is likely to impact overall market growth.

Thermoplastic Composites Market Competitive Landscape

Some of the major companies operating in the global thermoplastic composites market include BASF SE, Arkema S.A., Solvay S.A., Toray Industries Inc., and Lanxess AG.

The study provides the historical as well the forecast size for the thermoplastic composites market.

Thermoplastic Composites Market Size Breakdown by Segments

The global thermoplastic composites market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.

Based on Resin Type

  • Polypropylene
  • Polyamide
  • Polyetheretherketone

Based on Fiber Type

  • Glass
  • Carbon
  • Mineral

Based on Product Type

  • Short-Fiber Thermoplastic
  • Long-Fiber Thermoplastic
  • Continuous-Fiber Thermoplastic
  • Glass Mat Thermoplastic

Based on End-Use Industry

  • Aerospace & Defense
  • Electrical & Electronics
  • Transportation
  • Construction
  • Medical

Geographical Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • France
    • Germany
    • Russia
    • Italy
    • Spain
  • Asia-Pacific (APAC)
    • Japan
    • China
    • India
    • South Korea
  • Latin America (LATAM)
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • South Africa
    • U.A.E.
Place An Order
USD 4900 USD 6400 USD 8400
Customized Report Solution

Get a bespoke market intelligence solution

 
We are committed to ensuring the highest level of client satisfaction
Quality Acknowledgement
Quality Acknowledgement

Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you

Unmatched Standards
Unmatched Standards

Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights

Reach Us
Reach Us Whenever You Need Us

With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required

Data Security
Complete Data Security

We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws