DUBLIN, July 28, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/7kkc8g/thermoplastic) has announced the addition of the "Thermoplastic Composites Market by Product Type, by Fiber Type, by Application and by Region - Trends & Forecasts to 2020" report to their offering.
Global thermoplastic composites end product market is expected to reach at $9.9 Billion in 2020 at a CAGR of 6.5% over the period of 2015 to 2020.
The global thermoplastic composites market has witnessed a strong growth in the past few years. This growth is estimated to continue in the coming years. High demand for thermoplastic composite from end-user industry is a major driver. Also, such demand is backed by new industrial applications. The upcoming technological advancements and innovative techniques developed for the use of thermoplastic composite is expected to be the key influencing factors for the global market, with increased emphasis on the current cost and their applications. Currently, Europe and North America are the largest consumers of thermoplastic composite in aerospace & defense and transportation applications. But the demand for thermoplastic composite is increasing among developing countries like China and India.
Thermoplastic composite is being used in different applications due to their physical properties such as, high mechanical strength, thermal stability, chemical stability, recyclability dimensional stability, heat resistance, and being light in weight. Transportation, electrical & electronics, and consumer goods are the major industries where the use of thermoplastic composite continues to increase as the technology for its commercialization is developing at a good rate. Weight savings, fuel economy, and other performance benefits are expected to fuel the growth of composite consumption in the transportation sector. Thermoplastic composite components achieve a typical weight saving of 40% over steel and 20% over aluminum.
Transportation is the biggest market for thermoplastic composite. As they are light in weight and have high toughness, thermoplastic composite have been used in transportation and aerospace & defense applications. Key applications in automotive are seat frames, battery trays, bumper beams, load floors, front ends, valve covers, rocker panels and under engine covers.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Thermoplastic Composite Market, By Application
8 Thermoplastic Composite Market, By Fiber Type
9 Thermoplastic Composite Market, By Application
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
- BASF SE - Celanese Corporation - Cytec Industries Inc. - E. I. Du Pont De Nemours and Company - Lanxess AG - Royal DSM N.V. - Royal Ten Cate N.V. - SABIC - Solvay S.A. - Teijin Limited
For more information visit http://www.researchandmarkets.com/research/7kkc8g/thermoplastic
Laura Wood, +353-1-481-1716, email@example.com
SOURCE Research and Markets