Need help finding what you are looking for?
Contact Us
PUBLISHER: IMARC | PRODUCT CODE: 1390751
PUBLISHER: IMARC | PRODUCT CODE: 1390751
Thermoplastic Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
PUBLISHED:
PAGES: 138 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
Abstract
The global thermoplastic composites market size reached US$ 17.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 24.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6.04% during 2022-2028.
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 report, along with forecasts at the global, regional and country level from 2023-2028. 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.
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?
Product Code: SR112023A4587
Table of Contents
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
- 10.1.1 United States
- 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
- 10.2.1 China
- 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
- 10.3.1 Germany
- 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
- 10.4.1 Brazil
- 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
- 15.3.1 Arkema
Product Code: SR112023A4587
List of Figures
- Figure 1: Global: Thermoplastic Composites Market: Major Drivers and Challenges
- Figure 2: Global: Thermoplastic Composites Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Thermoplastic Composites Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Thermoplastic Composites Market: Breakup by Fiber Type (in %), 2022
- Figure 5: Global: Thermoplastic Composites Market: Breakup by Product (in %), 2022
- Figure 6: Global: Thermoplastic Composites Market: Breakup by Resin Type (in %), 2022
- Figure 7: Global: Thermoplastic Composites Market: Breakup by End User Industry (in %), 2022
- Figure 8: Global: Thermoplastic Composites Market: Breakup by Region (in %), 2022
- Figure 9: Global: Thermoplastic Composites (Glass Fiber) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Thermoplastic Composites (Glass Fiber) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Thermoplastic Composites (Carbon Fiber) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Thermoplastic Composites (Carbon Fiber) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Thermoplastic Composites (Other Fiber Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Thermoplastic Composites (Other Fiber Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Thermoplastic Composites (Glass Mat Thermoplastics-GMT) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Thermoplastic Composites (Glass Mat Thermoplastics-GMT) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Thermoplastic Composites (Advanced Thermoplastic Composites-ATC) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Thermoplastic Composites (Advanced Thermoplastic Composites-ATC) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Thermoplastic Composites (Polypropylene-PP) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Thermoplastic Composites (Polypropylene-PP) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Thermoplastic Composites (Polyamide-PA) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Thermoplastic Composites (Polyamide-PA) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Thermoplastic Composites (Polyether ether ketone-PEEK) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Thermoplastic Composites (Polyether ether ketone-PEEK) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Thermoplastic Composites (Other Resin Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Thermoplastic Composites (Other Resin Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Thermoplastic Composites (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Thermoplastic Composites (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Thermoplastic Composites (Aerospace and Defense) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Thermoplastic Composites (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Thermoplastic Composites (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Thermoplastic Composites (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Thermoplastic Composites (Construction) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Thermoplastic Composites (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Thermoplastic Composites (Medical) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Thermoplastic Composites (Medical) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Global: Thermoplastic Composites (Other End User Industries) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Global: Thermoplastic Composites (Other End User Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: North America: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: North America: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: United States: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: United States: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Canada: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Canada: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Asia-Pacific: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Asia-Pacific: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: China: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: China: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Japan: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Japan: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: India: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: India: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: South Korea: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: South Korea: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Australia: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Australia: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Indonesia: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Indonesia: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Others: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Others: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Europe: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Europe: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Germany: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Germany: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: France: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: France: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: United Kingdom: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: United Kingdom: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Italy: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Italy: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Spain: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Spain: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Russia: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Russia: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Others: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Others: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Latin America: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Latin America: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Brazil: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Brazil: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Mexico: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Mexico: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Others: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Others: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Middle East and Africa: Thermoplastic Composites Market: Sales Value (in Million US$), 2017 & 2022
- Figure 86: Middle East and Africa: Thermoplastic Composites Market: Breakup by Country (in %), 2022
- Figure 87: Middle East and Africa: Thermoplastic Composites Market Forecast: Sales Value (in Million US$), 2023-2028
- 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, 2022 and 2028
- Table 2: Global: Thermoplastic Composites Market Forecast: Breakup by Fiber Type (in Million US$), 2023-2028
- Table 3: Global: Thermoplastic Composites Market Forecast: Breakup by Product (in Million US$), 2023-2028
- Table 4: Global: Thermoplastic Composites Market Forecast: Breakup by Resin Type (in Million US$), 2023-2028
- Table 5: Global: Thermoplastic Composites Market Forecast: Breakup by End User Industry (in Million US$), 2023-2028
- Table 6: Global: Thermoplastic Composites Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Thermoplastic Composites Market: Competitive Structure
- Table 8: Global: Thermoplastic Composites Market: Key Players
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.