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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).
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.
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:
Breakup by Product:
Breakup by Resin Type:
Breakup by End User Industry:
Breakup by Region:
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.
|Base Year of the Analysis||2020|
|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)|
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