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Thermoplastic Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global thermoplastic composites market reached a value of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Thermoplastic composites (TMCs) are lightweight, advanced materials made using a hot-melt impregnation process. They have several unique properties, including high thermal and oxidative stability, toughness, solvent resistance, low dielectric constant, and an increased impact resistance compared to thermoset composites. They also provide greater component robustness, excellent formability, corrosion resistance, high strength, and extended shelf life. As they can be re-melted and re-processed, TMCs are utilized for recycling or combining with other recycled materiscrals to make new products. Presently, some of the commonly available types of their variants include glass mat thermoplastics (GMTs) and advanced thermoplastic composites (ATCs).

Thermoplastic Composites Market Trends:

There is a considerable rise in the application of TMCs in the automotive industry worldwide on account of the growing need for lightweight materials to reduce the overall weight of vehicles and enhance fuel efficiency. This represents one of the key factors bolstering the growth of the market. Apart from this, due to rising environmental concerns and the increasing need to curb carbon dioxide (CO2) emissions, there is a rise in the sales of electric vehicles (EVs) around the world. This, coupled with numerous benefits of TMCs such as thin, strong, scratch-resistance, fire retardance, is positively influencing their adoption in the manufacturing of next-generation electronics. Furthermore, leading market players are considerably funding research and development (R&D) projects to introduce cost-effective and innovative solutions, which is anticipated to create a favorable market outlook. Other major factors, including a significant increase in the demand for various electronic products like smartphones, OLED TVs, tablets, wires, cables, and earphones due to inflating per-capita income of individuals and the expanding application in the defense and aerospace sector, are also projected to influence the market positively.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global thermoplastic composites market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on fiber type, product, resin type and end user industry.

Breakup by Fiber Type:

  • Glass Fiber
  • Carbon Fiber
  • Others
     

Breakup by Product:

  • Glass Mat Thermoplastics (GMT) 
  • Advanced Thermoplastic Composites (ATC)
     

Breakup by Resin Type:

  • Polypropylene (PP)
  • Polyamide (PA)
  • Polyether ether ketone (PEEK)
  • Others
     

Breakup by End User Industry:

  • Automotive
  • Aerospace and Defense
  • Oil and Gas
  • Construction
  • Medical
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Arkema, Avient Corporation, BASF SE, Celanese Corporation, DuPont de Nemours Inc., Hexcel Corporation, Koninklijke DSM N.V., Lanxess AG, Mitsubishi Chemical Advanced Materials (Mitsubishi Chemical Holdings Corporation), PPG Industries Inc., SABIC (Saudi Arabian Oil Co.) and Solvay.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Fiber Type, Product, Resin Type, End User Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Arkema, Avient Corporation, BASF SE, Celanese Corporation, DuPont de Nemours Inc., Hexcel Corporation, Koninklijke DSM N.V., Lanxess AG, Mitsubishi Chemical Advanced Materials (Mitsubishi Chemical Holdings Corporation), PPG Industries Inc., SABIC (Saudi Arabian Oil Co.) and Solvay.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global thermoplastic composites market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global thermoplastic composites market?
  • What are the key regional markets?
  • What is the breakup of the market based on the fiber type?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the resin type?
  • What is the breakup of the market based on the end user industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global thermoplastic composites market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Thermoplastic Composites Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Fiber Type
    6.1    Glass Fiber
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Carbon Fiber
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Others 
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Product
    7.1    Glass Mat Thermoplastics (GMT) 
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Advanced Thermoplastic Composites (ATC)
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Resin Type
    8.1    Polypropylene (PP)
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Polyamide (PA)
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Polyether ether ketone (PEEK)
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others 
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by End User Industry
    9.1    Automotive
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Aerospace and Defense
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Oil and Gas
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Construction
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Medical
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Others
        9.6.1 Market Trends
        9.6.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Arkema
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    Avient Corporation
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    BASF SE
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    Celanese Corporation
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
           15.3.4.4 SWOT Analysis
        15.3.5    DuPont de Nemours Inc.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    Hexcel Corporation
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    Koninklijke DSM N.V.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Lanxess AG
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Mitsubishi Chemical Advanced Materials (Mitsubishi Chemical Holdings Corporation)
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    PPG Industries Inc.
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    SABIC (Saudi Arabian Oil Co.)
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis
        15.3.12    Solvay
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 Financials
           15.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Thermoplastic Composites Market: Major Drivers and Challenges
Figure 2: Global: Thermoplastic Composites Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Thermoplastic Composites Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Thermoplastic Composites Market: Breakup by Fiber Type (in %), 2020
Figure 5: Global: Thermoplastic Composites Market: Breakup by Product (in %), 2020
Figure 6: Global: Thermoplastic Composites Market: Breakup by Resin Type (in %), 2020
Figure 7: Global: Thermoplastic Composites Market: Breakup by End User Industry (in %), 2020
Figure 8: Global: Thermoplastic Composites Market: Breakup by Region (in %), 2020
"Figure 9: Global: Thermoplastic Composites (Glass Fiber) Market: Sales Value (in Million US$), 2015 & 2020"
"Figure 10: Global: Thermoplastic Composites (Glass Fiber) Market Forecast: Sales Value (in Million US$), 2021-2026"
Figure 11: Global: Thermoplastic Composites (Carbon Fiber) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Thermoplastic Composites (Carbon Fiber) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Thermoplastic Composites (Other Fiber Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Thermoplastic Composites (Other Fiber Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Thermoplastic Composites (Glass Mat Thermoplastics-GMT) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Thermoplastic Composites (Glass Mat Thermoplastics-GMT) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Thermoplastic Composites (Advanced Thermoplastic Composites-ATC) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Thermoplastic Composites (Advanced Thermoplastic Composites-ATC) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Thermoplastic Composites (Polypropylene-PP) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Thermoplastic Composites (Polypropylene-PP) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Thermoplastic Composites (Polyamide-PA) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Thermoplastic Composites (Polyamide-PA) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Thermoplastic Composites (Polyether ether ketone-PEEK) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Thermoplastic Composites (Polyether ether ketone-PEEK) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Thermoplastic Composites (Other Resin Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Thermoplastic Composites (Other Resin Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Thermoplastic Composites (Automotive) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Thermoplastic Composites (Automotive) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Thermoplastic Composites (Aerospace and Defense) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Thermoplastic Composites (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Thermoplastic Composites (Oil and Gas) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Thermoplastic Composites (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Thermoplastic Composites (Construction) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Thermoplastic Composites (Construction) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Global: Thermoplastic Composites (Medical) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Global: Thermoplastic Composites (Medical) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Global: Thermoplastic Composites (Other End Use Industries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Global: Thermoplastic Composites (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: North America: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: North America: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: United States: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: United States: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Canada: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Canada: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Asia-Pacific: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Asia-Pacific: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: China: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: China: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Japan: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Japan: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: India: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: India: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: South Korea: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: South Korea: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Australia: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Australia: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Indonesia: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Indonesia: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Others: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Others: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Europe: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Europe: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Germany: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Germany: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: France: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: France: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: United Kingdom: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: United Kingdom: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Italy: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Italy: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Spain: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Spain: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Russia: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Russia: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Others: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Others: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Latin America: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Latin America: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Brazil: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Brazil: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Mexico: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 82: Mexico: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: Others: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 84: Others: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 85: Middle East and Africa: Thermoplastic Composites Market: Sales Value (in Million US$), 2015 & 2020
Figure 86: Middle East and Africa: Thermoplastic Composites Market: Breakup by Country (in %), 2020
Figure 87: Middle East and Africa: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 88: Global: Thermoplastic Composites Industry: SWOT Analysis
Figure 89: Global: Thermoplastic Composites Industry: Value Chain Analysis
Figure 90: Global: Thermoplastic Composites Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Thermoplastic Composites Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Thermoplastic Composites Market Forecast: Breakup by Fiber Type (in Million US$), 2021-2026
Table 3: Global: Thermoplastic Composites Market Forecast: Breakup by Product (in Million US$), 2021-2026
Table 4: Global: Thermoplastic Composites Market Forecast: Breakup by Resin Type (in Million US$), 2021-2026
Table 5: Global: Thermoplastic Composites Market Forecast: Breakup by End User Industry (in Million US$), 2021-2026
Table 6: Global: Thermoplastic Composites Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Thermoplastic Composites Market: Competitive Structure
Table 8: Global: Thermoplastic Composites Market: Key Players

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