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Global Thermoplastic Composite Market 2017-2021

Global Thermoplastic Composite Market 2017-2021

About Thermoplastic Composite

Thermoplastic composites are made from fibers and thermoplastic materials that melt when processed with heat. They are recyclable, and their shape is reversible. These types of composites are recyclable in nature. Thermoplastic composites are used to provide toughness and damage-resistant properties to the product. They are used in the transportation and aerospace and defense industries. They are extensively used in the electrical and electronics and consumable goods sectors.

Technavio’s analysts forecast the global thermoplastic composite market to grow at a CAGR of 6.75% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global thermoplastic composite market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Thermoplastic Composite Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BASF
  • Celanese Corporation
  • DuPont
  • LANXESS
  • SABIC
Other prominent vendors
  • Arkema
  • Hanwha Azdel
  • PlastiComp
  • Polymer
  • RTP
  • SGL Group
  • Solvay
  • Quadrant
Market driver
  • Better performance than thermoset composites
  • For a full, detailed list, view our report
Market challenge
  • Expensive nature of thermoplastic composites
  • For a full, detailed list, view our report
Market trend
  • Growing application in automotive industry
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Thermoplastic Composite Market 2017-2021

Technavio recognizes the following companies as the key players in the global thermoplastic composite market: BASF, Celanese Corporation, DuPont, LANXESS, and SABIC.

Other Prominent Vendors in the market are: Arkema, Hanwha Azdel, PlastiComp, Polymer, RTP, SGL Group, Solvay, and Quadrant.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing application in automotive industry. Thermoplastic composites are extensively used in the automotive sector, especially with advanced automotive manufacturing techniques. As the demand for lightweight vehicles is increasing, the consumption for thermoplastic composites is also expected to grow. Along with this, continuous demand for cost reduction by the consumers in this sector is propelling the manufacturers to use thermoplastic composites. This growth is witnessed mainly in EMEA and the Americas.”

According to the report, one driver in the market is better performance than thermoset composites. The demand for thermoplastic composites is increasing as they deliver better performance than thermoset composites. Their performance depends on their superior mechanical and physical properties. They are used as a better alternative to die castings, metal assemblies, and traditional plastic materials that are used in various industries such as automotive and consumer goods. Substituting the use of these products has increased their demand in these industries.

Further, the report states that one challenge in the market is expensive nature of thermoplastic composites. Globally, the demand for lightweight vehicles is increasing rapidly. This has given rise to the use of lightweight materials, especially in automotive, aerospace, and windmill applications. But the expensive nature of thermoplastic composites is limiting their use in many applications. Despite its recyclable capabilities, many end-user industries are refraining from using thermoplastic composite products. Such scarce use increases the overall price of the product by 3-4 times. Reducing the price of thermoplastic composites is a big challenge for the manufacturers. This has negatively impacted the global market.

Companies Mentioned

BASF, Celanese Corporation, DuPont, LANXESS, SABIC, Arkema, Hanwha Azdel, PlastiComp, Polymer, RTP, SGL Group, Solvay, and Quadrant.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Classification of composites
  • Market landscape
    • Market overview
      • Table Global thermoplastic composite market 2017-2021
    • Market size and forecast
      • Table Global thermoplastic composite market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Global thermoplastic composite market by product
      • Table Global thermoplastic composite market by product 2016 (% share of revenue)
      • Table Global thermoplastic composite market by product 2021 (% share of revenue)
    • Global SFT market
      • Table Global SFT market 2016-2021 ($ millions)
    • Global LFT market
      • Table Global LFT market 2016-2021 ($ millions)
    • Global GFT market
      • Table Global GFT market 2016-2021 ($ millions)
    • Global CFT market
      • Table Global CFT market 2016-2021 ($ millions)
  • Market segmentation by applications
    • Global thermoplastic composite market by application
      • Table Global thermoplastic composite market by application 2016 (% share of revenue)
      • Table Global thermoplastic composite market by application 2021 (% share of revenue)
    • Global thermoplastic composite market for transportation industry
      • Table Global thermoplastic composite market for transportation industry 2016-2021 ($ millions)
    • Global thermoplastic composite market for aerospace and defense industry
      • Table Global thermoplastic composite market for aerospace and defense industry 2016-2021 ($ millions)
    • Global thermoplastic composite market for electrical and electronics industry
      • Table Global thermoplastic composite market for electrical and electronics industry 2016-2021 ($ millions)
    • Global thermoplastic composite market for consumer goods industry
      • Table Global thermoplastic composite market for consumer goods industry 2016-2021 ($ millions)
    • Global thermoplastic composite market for other industries
      • Table Global thermoplastic composite market for other industries 2016-2021 ($ millions)
  • Regional landscape
    • Geographical segmentation
      • Table Global thermoplastic composite by geography – market size & forecast
    • Regional comparison
      • Table Regional comparison
    • Americas – market size & forecast
      • Table Americas – market size & forecast
      • Table Americas – Year over year growth
    • EMEA – market size & forecast
      • Table EMEA – market size & forecast
      • Table EMEA – Year over year growth
    • APAC – market size & forecast
      • Table APAC – market size & forecast
      • Table APAC – Year over year growth
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Growing application in automotive industry
    • Increasing demand for lightweight materials
    • Increasing use of fiber-reinforced plastics
  • Vendor landscape
    • Competitive landscape
    • Key vendors in global thermoplastic composite market
      • Table Key vendors in global thermoplastic composite market 2016
    • Other prominent vendors
  • Key vendor analysis
    • BASF
      • Table BASF: Product segment based on revenue in 2016
      • Table BASF: Geographic segment based on revenue in 2016
    • Celanese Corporation
      • Table Celanese Corporation: Business segmentation based on revenue of 2016
      • Table Celanese Corporation: Geographic segmentation based on revenue of 2016
    • DuPont
      • Table DuPont: Business segmentation by revenue 2016
      • Table DuPont: Geographic segmentation by revenue 2016
    • LANXESS
      • Table LANXESS: Business segmentation by revenue 2016
      • Table LANXESS: Geographic segmentation by revenue 2016
    • SABIC
      • Table SABIC: Business segmentation by revenue 2016
      • Table SABIC: Geographic segmentation
  • Appendix
    • List of abbreviations
  • Explore Technavio

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