Thermoplastic composites offer several advantages unlike thermoset composites, which include less production time for the development of different components using thermoplastic composites, high impact strength of thermoplastic composites, their easy recyclability, and their low moisture absorption rate.
The better performance than the thermoset composites is expected to be one of the major factors that will have a positive impact on the growth of the market. Due to the superior mechanical and physical properties of the thermoplastic composites, they are increasingly used as an alternative to die castings, metal assemblies, and traditional plastic materials that are widely used in many industries such as automotive and consumer goods. Moreover, these composites are preferred due to their high tensile strength and improved surface quality. They also lower the chances of product rejection and provide high rigidity at very low temperature. Furthermore, the thermoplastic composites provide increased resistance to any kind of distortion when tested under severe environments over long periods and offer a good cost to benefit advantage in the aerospace and defense, transportation, electrical and electronics, and consumer goods industries.
The Americas is estimated to be the key revenue contributor of the thermoplastic composite market throughout the forecast period. The growth in the automotive industry in the region propels the need for thermoplastic composites due to their increased usage to lower the overall weight of the vehicle for enhanced fuel-efficiency. Also, the rise in demand for electrical and electronics, construction and infrastructure, and better transportation facilities in the region will drive the growth of the thermoplastic composites market.
In 2019, the market size of Thermoplastic Composite is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Thermoplastic Composite.
This report studies the global market size of Thermoplastic Composite, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Thermoplastic Composite production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
BASF
Lanxess
SABIC
DuPont
Solvay
Celanese
Toray
TenCate
Market Segment by Product Type
Glass Fiber
Carbon Fiber
Market Segment by Application
Automotive
Aerospace/Aviation
Electrical and Electronics
Consumer Goods
Oil & Gas
Medical
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Thermoplastic Composite status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Thermoplastic Composite manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Thermoplastic Composite are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Thermoplastic Composite. Industry analysis & Market Report on Thermoplastic Composite is a syndicated market report, published as Global (United States, European Union and China) Thermoplastic Composite Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Thermoplastic Composite market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.