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.
The global Thermoplastic Composite market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Thermoplastic Composite volume and value at global level, regional level and company level. From a global perspective, this report represents overall Thermoplastic Composite market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Thermoplastic Composite in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Thermoplastic Composite manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
BASF
Lanxess
SABIC
DuPont
Solvay
Celanese
Toray
TenCate
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Glass Fiber
Carbon Fiber
Segment by Application
Automotive
Aerospace/Aviation
Electrical and Electronics
Consumer Goods
Oil & Gas
Medical
Others
Summary:
Get latest Market Research Reports on Thermoplastic Composite. Industry analysis & Market Report on Thermoplastic Composite is a syndicated market report, published as Global Thermoplastic Composite Market Professional Survey Report 2019. It is complete Research Study and Industry Analysis of Thermoplastic Composite market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.