The global market is being driven by the growing use of thermoplastic composites for creating lightweight automotive components. Electric vehicle penetration around the globe, increased disposable income, and increasing applications of thermoplastic composites in various end-use sectors are all driving the global market forward. The need for thermoplastic composites is growing in a variety of industries, including vehicles, transportation, construction, aerospace and defence, electronics, and others. Because of their great recyclable qualities, thermoplastic composites are becoming increasingly popular. To get a competitive advantage in the worldwide thermoplastic composites market, companies should speed product development and generate revenue prospects. Furthermore, industry participants are expanding their service offerings in order to acquire a competitive advantage.
MARKET DYNAMICS
The worldwide thermoplastic composites market is beginning to recover from COVID-19-related losses. Automobiles, aerospace & defence, transportation, wind energy, construction, consumer & electronics goods, and other end-use industries have all been affected by lockdowns. The worldwide thermoplastic composites market is being driven by rising demand for lightweight automotive components. Key players in the global thermoplastic composites market are concentrating on the development of lightweight vehicle components to improve their performance, which is driving up demand for thermoplastic composites. The worldwide thermoplastic composites market is seeing revenue growth and profitable business prospects thanks to increased demand for lightweight and cost-effective automobiles.
MARKET SCOPE
The "Global Thermoplastic Composites Market Analysis to 2028" is a specialized and in-depth study of the chemical and material industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the thermoplastic composites market with detailed market segmentation by resin type, fiber type and application. The global thermoplastic composites market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading thermoplastic composites market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global thermoplastic composites market is segmented into resin type, fiber type and application. By resin type, the thermoplastic composites market is classified into, polyamide (PA), polypropylene (PP), polyetheretherketone (PEEK), hybrid and others By fiber type, the thermoplastic composites market is classified into glass, carbon, mineral, and others. By application, the thermoplastic composites market is classified into consumer goods and electronics, aerospace and defense, sports and leisure, construction, wind energy, medical 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 composites market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The thermoplastic composites 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 composites market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i. e. , drivers, restraints, opportunities, and future trends. 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 composites market in these regions.
MARKET PLAYERS
The report covers vital developments in the thermoplastic composites 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 partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the thermoplastic composites market are anticipated to witness lucrative growth opportunities in the future with the rising demand thermoplastic composites in the global market. Below mentioned is the list of few companies engaged in the thermoplastic composites market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the thermoplastic composites market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
-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