LONDON, Dec. 14, 2016 /PRNewswire/ -- Opportunities identified by end use industry type (transportation, consumer goods, construction, industrial, others), by material type (short fiber thermoplastics, long fiber thermoplastics, continuous fiber thermoplastics, glass mat thermoplastics), by fiber type (glass fiber, carbon fiber & others), by resin type (polypropylene, polyamide, polybutylene terephthalate, and others) and by region (North America, Europe, Asia Pacific [including Rest of the World])
The global thermoplastic composites market is expected to reach an estimated $16.4 billion by 2021 and it is forecast to grow at a CAGR of 4.8% by value from 2016 to 2021. The major drivers for market growth are the increasing demand for lightweight and environmentally sustainable materials, and the replacement of metals with composites in different end use industries.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing inter-material competition and increasing focus on continuous fiber reinforced thermoplastic composites.
A total of 125 figures / charts and 45 tables are provided in this 213-page report to help in your business decisions.
The study includes a forecast for growth opportunities in the global thermoplastic composites market by end use industry, material type, resin type, fiber type, and region, as follows:
By end use Industry (Volume (M lbs) and Value ($ Million) from 2010 to 2021):
- Consumer Goods
By Material Type (Volume (M lbs) and Value ($ Million) from 2010 to 2021):
- Short fiber thermoplastics (SFT)
- Long fiber thermoplastics (LFT)
- Continuous fiber thermoplastics (CFT)
- Glass Mat Thermoplastics (GMT)
By fiber type (Volume (M lbs) and Value ($ Million) from 2010 to 2021):
- Glass fiber
- Carbon fiber & others
By resin type (Volume (M lbs) and Value ($ Million) from 2010 to 2021):
- Polypropylene (PP)
- Polyamide (PA)
- Polybutylene terephthalate (PBT)
By region (Volume (M lbs) and Value ($ Million) from 2010 to 2021):
- North America
- Asia Pacific
- Rest of the World
SABIC, DuPont, LANXESS, BASF, DSM, Solvay, Celanese, RTP Company, JNC Corporation, TechnoCompound, Quadrant AG, and Hanwha are among the major suppliers of thermoplastic composites.
On the basis of its comprehensive research, Lucintel forecasts that the transportation and construction segments are expected to show above average growth during the forecast period.
Within the global thermoplastic composites market, the transportation segment is expected to remain the largest segment by value and volume. Expected increasing global automotive production and increasing demand for lightweight materials to achieve higher fuel efficiency are the major driving forces that spur growth for this segment over the forecast period.
Europe is expected to remain the largest market for thermoplastic composites due to growing demand for lightweight and environmentally sustainable composite materials from the end use industries.
This report addresses the following key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global thermoplastic composites market by end use industry (transportation, consumer goods, construction, industrial, and others), material type (SFT, LFT, GMT, and CFT), fiber type (glass fiber, and carbon fiber and other), resin type (PP, PA, PBT, others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which products segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market and which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11. What M&A activity has occurred in the last 5 years?
Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team.
The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors' financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel's professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the market. Some of the thermoplastic composites suppliers in this market are SABIC, DuPont, DSM, LANXESS, TenCate, Owens Corning, Fulcrum Composites, Polystrand, Celanese, Comfil, BASF SE etc. These companies supply short fiber thermoplastics, long fiber thermoplastics, continuous fiber thermoplastics, glass mat thermoplastics. Few of the molders in global thermoplastic composites market are Mahle Fuel System, HELLA, ContiTech AG, Mann+Hummel, Röchling, Decoma, Airborne etc.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
Download the full report: https://www.reportbuyer.com/product/4445307/
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/growth-opportunities-in-the-global-thermoplastic-composites-market-300378632.html