Technavio has been monitoring the thermoplastic composites market and it is poised to grow by USD 5.93 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Thermoplastic Composites Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
Based on segmentation by end-user, which is the leading segment in the market?
The aerospace and defense sector is expected to be the leading segment based on end-user in the global market during the forecast period.
What are the major trends in the market?
High cost of carbon fiber is one of the major trends in the market.
At what rate is the market projected to grow?
Growing at a CAGR of over 6%, the incremental growth of the market is anticipated to be USD 5.93 billion.
Who are the top players in the market?
Arkema SA, BASF SE, Celanese Corp., Covestro AG, Koninklijke DSM NV, LANXESS AG, Polyone Corp., SGL Carbon SE, Solvay SA, and Toray Industries Inc. are some of the major market participants.
What are the key market drivers?
Increasing demand for biodegradable plastics is one of the major factors driving the market.
How big is the APAC market?
The APAC region will contribute 50% of market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Arkema SA, BASF SE, Celanese Corp., Covestro AG, Koninklijke DSM NV, LANXESS AG, Polyone Corp., SGL Carbon SE, Solvay SA, and Toray Industries Inc. are some of the major market participants. The increasing demand for biodegradable plastics will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Thermoplastic Composites Market 2020-2024: Segmentation
Thermoplastic Composites Market is segmented as below:
Aerospace and Defense
Consumer Goods and Electronics
Short Fiber Thermoplastics
Long Fiber Thermoplastics
Continuous Fiber Thermoplastics
Glass Mat Thermoplastics
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Thermoplastic Composites Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The thermoplastic composites market report covers the following areas:
Thermoplastic Composites Market Size
Thermoplastic Composites Market Trends
Thermoplastic Composites Market Analysis
This study identifies high cost of carbon fiber as one of the prime reasons driving the thermoplastic composites market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Thermoplastic Composites Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist thermoplastic composites market growth during the next five years
Estimation of the thermoplastic composites market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the thermoplastic composites market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of thermoplastic composites market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Value chain analysis
Market segmentation analysis
PART 04: MARKET SIZING
Market sizing 2019
Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 06: MARKET SEGMENTATION BY PRODUCT
Market segmentation by product
Comparison by product
Short fiber thermoplastics - Market size and forecast 2019-2024
Long fiber thermoplastics - Market size and forecast 2019-2024
Continuous fiber thermoplastics - Market size and forecast 2019-2024
Glass mat thermoplastics - Market size and forecast 2019-2024
Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
Market segmentation by end-user
Comparison by end-user
Aerospace and defense - Market size and forecast 2019-2024
Consumer goods and electronics - Market size and forecast 2019-2024
Automotive - Market size and forecast 2019-2024
Construction - Market size and forecast 2019-2024
Wind energy - Market size and forecast 2019-2024
Other end-users - Market size and forecast 2019-2024
Market opportunity by end-user
PART 09: GEOGRAPHIC LANDSCAPE
APAC - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
PART 10: MARKET SEGMENTATION BY RESIN TYPE
Market segmentation by resin type
Comparison by resin type
Polyamide - Market size and forecast 2019-2024
Polypropylene - Market size and forecast 2019-2024
Polyetheretherketone - Market size and forecast 2019-2024
Hybrid - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by resin type
PART 11: MARKET SEGMENTATION BY FIBER TYPE
Market segmentation by fiber type
Comparison by fiber type
Glass fiber - Market size and forecast 2019-2024
Carbon fiber - Market size and forecast 2019-2024
Mineral fiber - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by fiber type
PART 12: DECISION FRAMEWORK
PART 13: DRIVERS AND CHALLENGES
PART 14: MARKET TRENDS
Growing use of fiber-reinforced composite materials in medical
Increasing demand for biodegradable plastics
High cost of carbon fiber
PART 15: VENDOR LANDSCAPE
PART 16: VENDOR ANALYSIS
Market positioning of vendors
Koninklijke DSM NV
SGL Carbon SE
Toray Industries Inc.
PART 17: APPENDIX
List of abbreviations
Definition of market positioning of vendors
PART 18: EXPLORE TECHNAVIO
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