November 27, 2020

Thermoplastic Composites Market 2020 - Size, Analysis and Forecast Report by 2027

Thermoplastic composites are categorized as discontinuous and continuous composites. Short fiber thermoplastics and long fiber thermoplastics are the two widely used thermoplastic composites types. These are suitable alternative to metal assemblies, traditional plastic materials, and die castings in the market.

For a better understanding of the Thermoplastic Composites market, a better grip over the macroeconomic and microeconomic factors is needed as they are impacting the market towards progress. Those factors can ensure a swift helming of the market by rough patches of economic crisis and help in averting plummeting results. With real-time data, the report captures the essence of the market and provides a close reading of demographic changes. Report would assist key players in assessing growth opportunities and optimally use resources provided by growth pockets.

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Market Drivers

Increase in demand for thermoplastic composites in transportation and aerospace & defense applications is the key driving factor which are expected to boost the global thermoplastic composites market growth. Furthermore, growth of consumer goods and electronics industries will have the positive impact on market growth. Moreover, increase in adoption of electric vehicles will drive the market growth in near future.

Market Restraints

However, high cost of raw materials as well as difficulty in fiber reinforcement is the major challenging factor which expected to hamper the global thermoplastic composites market growth. Also, development of low cost production technology will affect the market growth.

Market Key Players

Various key players are discussed in this report Celanese Corporation, DowDuPont Inc., Koninklijke DSM N.V., Toray Industries, Inc., SABIC, Lanxess AG, Solvay S.A., BASF SE, and Polyone Corporation

Market Taxonomy

By Resin Type

  • Polyamide (PA)
  • Polypropylene (PP)
  • PEEK
  • Others

By Fiber Type

  • Glass Fiber
  • Carbon Fiber
  • Others

By Product Type

  • Glass Mat Thermoplastic (GMT)
  • Continuous Fiber Thermoplastic (CFT)
  • Long-Fiber Thermoplastic (LFT)
  • Short-Fiber Thermoplastic

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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