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Global Composite Thermoplastic Market By Product Type (SFRT, LFRT, others), By Fiber (Glass Carbon, Others), By End-User (Aerospace and Defense, Electrical and Electronics, others), By Region–Forecast & Opportunities to 2026

Report Description

Composite Thermoplastic market was accounted for USD 27.0 billion in year 2019. It is projected to register growth at a CAGR 4.1% over the period of 2020-2026.

However, COVID19 has impacted the market in a negative manner. Due to norms of social distancing and lockdown the industries were shut for some months globally. The supply of raw material has been affected adversely. Vendors are not able to transport the raw material which has delayed the overall production of thermoplastic composites.

Definition:

Thermoplastic can be defined as a material which can melt on heating and when cooled it gets hardened. They can be hard as aluminium. They have certain other properties such as abrasion resistance, light weight and it can withstand temperature up to 600 degree F. Composite is a material which is synthesized by one or two constituent materials. Thermoplastic composites have good insulation properties, better fatigue properties and withstand larger deflection.

Market Dynamics (Drivers/Opportunities):

The awareness about environment has been increasing. People are raising concerns towards effect on environment and looking for alternative which does not harm environment thus the use of thermoplastic has been increasing. This drives the market of thermoplastic composites towards growth.

The demand for lightweight product has been rising. This material is used in manufacturing of vehicles, rail coaches and various other automotive components. Thermoplastic composites help in reducing weight of heavy vehicles which further reduces emissions of harmful elements such as CO2 via which automotive manufacturers can meet the environmental standards. This is a major driving factor for this market.

Market Insights, by Product Type

Based on product type, the thermoplastic composites are segmented in SFRT, LFRT, CFRT and GMT. Out of these segments the SFRT Composites are expected to witness growth at Highest CAGR over the forecast period. This composite is widely in sectors such as transportation, electronics and consumer goods. LFRT & CFRT are majorly consumed by aerospace & defense industries.

Market Insights, by Fiber

The glass fiber market is expected to account for major shares over the forecast period by volume and value. Glass fiber material market is projected to grow at a Highest CAGR during the forecast period. Glass fiber is a low cost fiber and it has ability to process with different resins which make it more useful. Glass fibers are majorly used in transportation, construction, wind energy and electronics etc.

Market Insights, by End-User

Thermoplastic composites are segmented based on end-user into automotive, transportation, building & construction, electronics, Sports, wind energy, aerospace & defense. In 2019, aerospace & defense accounted for XX% market share.

The transportation industry is expected to dominate the market share during the forecast period. It is projected to witness growth at highest CAGR during the forecast period. Transportation sector is growing immensely and they are focusing on manufacturing lightweight products for the industry. Thermoplastic composites help in making a car, rail coach as well as other automotive components lightweight. Thus gives huge opportunity for growth.

Regional Insights

Asia-Pacific is the region which is expected to account for maximum market share over the forecast period. It is projected to grow at a highest CAGR for the forecast period. Along with growing population urbanization is also increasing in the countries like china, Japan and India. Many industries such as automotive, aerospace, electric & electronics and consumer goods are establishing in this region leading to growth of this sector.

Key Companies & Market Share Insights

The key players in this sector are Arkema Group, SGL Carbon SE, Celanese Corporation, DSM N.V., Koninklijke Ten Cate bv., SABIC, TEIJIN Ltd., Lanxess, BASF SE, Mitsubishi chemical advanced materials, Polyone Corporation, Solvay S.A., Toray Industries, Cytec Industries

The key players in the thermoplastic composites are focusing more on developing various inorganic and organic methods so that they can expand their market share in composites market. These players are adopting new strategies in developing composites.

Segments Covered in the Report

This report forecasts The Thermoplastic Composites Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global Thermoplastic Composites Market report on the basis of product type, fibre type, and End-user.

Thermoplastic Composite Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  3. Executive Summary
    • Market Snapshot
  4. Industry Insights
    • Industry ecosystem analysis
      • ValueChain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Thermoplastic Composites Market, By Product type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Short Fiber Reinforced Thermoplastic (SFRT)
  • Long Fiber Reinforced Thermoplastic (LFRT)
  • Continuous Reinforced Thermoplastic (CFRT)
  • Glass Mat Thermoplastic(GMT)
  1. Thermoplastic Composites Market, By Fiber, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Fiberglass
  • Carbon Fiber
  1. Thermoplastic Composites Market, By End User, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Aerospace & Defense
  • Automotive
  • Wind Energy
  • Electricals & Electronics
  • Sports
  • Others
  1. Thermoplastic Composites Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Product Type
    • By Fiber
    • BY End-User
    • BY Country
      • USA
        • By End-User
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Product Type
      • By Fiber
      • BY End-User
      • BY Country
        • Brazil
          • By End-User
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Product Type
        • By Fiber
        • BY End-User
        • BY Country
          • UK
            • By End-User
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Product Type
          • By Fiber
          • BY End-User
          • BY Country
            • China
              • By End-User
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Product Type
            • By Fiber
            • BY End-User
            • BY Country
              • Saudi Arabia
                • By End-User
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • DuPont
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Arkema Group
    • SGL Carbon SE
    • Celanese Corporation
    • DSM N.V.
    • Koninklijke Ten Cate bv.
    • SABIC
    • TEIJIN Ltd.
    • Lanxess
    • BASF SE
    • Mitsubishi chemical advanced materials
    • Polyone Corporation
    • Solvay S.A.
    • Toray Industries
    • Cytec Industries
  2. Appendix
    • Interrelated Market

 

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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