Plastics for Composites Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type and Technology (Injection Molding, Compression Molding, Pultrusion, Resin Infusion, and Others)

List of Tables

The plastics for composites market is expected to grow from US$ 23,337.24 million in 2022 to US$ 30,490.85 million by 2028; it is estimated to record a CAGR of 4.6% from 2022 to 2028.

Composites are materials that consist of two or more chemically and physically different phases separated by a distinct interface. Most commercially produced composites use a polymer matrix material, often called a resin solution. Commonly used polymer matrices include polyester, vinyl ester, epoxy, phenolic, polyimide, polyamide, polypropylene, and polyether ether ketone (PEEK). Low cost, easy processability, good chemical resistance, and low specific gravity are among the major advantages associated with polymer matrices.

Based on type, the plastics for composites market is segmented into thermoset (polyester, vinyl ester, epoxy, polyurethane, and others) and thermoplastic (polypropylene, polyethylene, polyvinyl chloride, polystyrene, polyethylene terephthalate, polycarbonate, and others). The thermoset segment held a larger share of the market in 2021. Thermoset is a popular polymer matrix material for fiber-reinforced composites. Common examples of thermosets include epoxies and polyesters. They are among the major types of matrix systems, specifically used in the aerospace industry. Thermoset matrix composites are more extensively used than thermoplastic matrix composites due to their lower viscosity at relatively low temperatures (less than 100°C), which better facilitates the resin/fiber wetting process. These factors are expected to drive the growth of the market for thermoset matrix components.

Based on geography, the plastics for composites market is primarily segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. In 2021, Asia Pacific dominated the overall market and is expected to register the highest CAGR in the market during the forecast period. The plastics for composites market growth in Asia Pacific is attributed to the proliferating construction, wind power, electronics, and automotive industries in the region. Governments of countries in this region have been supporting the progress of these industries. Moreover, increasing investments in renewable energy generation are benefiting the plastics for composites market growth in Asia Pacific.

Industries such as automobiles, aerospace, construction, electrical and electronics, and energy have been the major contributors to the demand for plastic composites. In 2020, these industries had to slow down their operations due to disruptions in value chains caused by the shutdown of national and international boundaries. The COVID-19 pandemic hampered the key raw material supply chains and disturbed manufacturing processes due to restrictions imposed by government authorities in various countries. However, in 2021, economies gradually resumed their operations, which had a positive effect on the global marketplace. As large percentages of people from many countries were completely vaccinated by the end of 2021, manufacturers were permitted to operate at full capacities, which helped them consolidate their efforts toward closing the gap between demand and supply. These transformations helped them focus on scaling up their production to revive their businesses.

Lanxess AG, Covestro AG, Celanese Corp, INEOS Group Holdings SA, Daicel Corp, BASF SE, Evonik Industries AG, Solvay SA, Saudi Basic Industries Corp, and Arkema SA are among the key players operating in the plastics for composites market. These companies are adopting strategies such as mergers & acquisitions, and product launches to expand their geographic presence and clientele. They collectively hold a majority of the global plastics for composites market.

The overall plastics for composites market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical market insights. Participants in this process include VPs; business development managers; market intelligence managers; national sales managers; and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the plastics for composites market.

Reasons to Buy:

Progressive industry trends in the plastics for composites market to help players develop effective long-term strategies

Business growth strategies adopted by developed and developing markets

Quantitative analysis of the plastics for composites market from 2020 to 2028

Estimation of the demand for plastics for composites across various industries

Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth

Recent developments to understand the competitive market scenario and the demand for plastics for composites compounds across the globe

Market trends and outlook coupled with factors driving and restraining the growth of the plastics for composites market.

Decision-making process by understanding strategies that underpin commercial interest concerning the global plastics for composites market growth

The global plastics for composites market size at various nodes of market

Detailed overview and segmentation of the plastics for composites market as well as its dynamics in the industry

The plastics for composites market size in different regions with promising growth opportunities

Product Code: TIPRE00029802

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 Plastics for Composites Market, by Type
- 1.3.2 Plastics for Composites Market, by Technology
- 1.3.3 Plastics for Composites Market, by Geography

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study
3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:

4. Plastics for Composites Market Landscape

4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. Plastics for Composites Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growing Demand for Lightweight Materials in Aerospace and Automotive Industries
- 5.1.2 Flourishment of Construction Industry
5.2 Market Restraints
- 5.2.1 Issues Related to Recycling of Thermoset Plastics
5.3 Market Opportunities
- 5.3.1 Applications of Plastic-Based Composites in Wind Energy Sector
5.4 Future Trends
- 5.4.1 Application of Bio-Based Plastics for Composites
5.5 Impact Analysis

6. Plastics for Composites - Global Market Analysis

6.1 Plastics for Composites Market Overview
6.2 Plastics for Composites Market -Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning - Plastics for Composites Market Players

7. Plastics for Composites Market Analysis - By Type

7.1 Overview
7.2 Plastics for Composites Market, By Type (2021 and 2028)
7.3 Thermoset
- 7.3.1 Overview
- 7.3.2 Thermoset: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
- 7.3.3 Polyester
  - 7.3.3.1 Overview
  - 7.3.3.2 Polyester: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
- 7.3.4 Vinyl Ester
  - 7.3.4.1 Overview
  - 7.3.4.2 Vinyl Ester: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
- 7.3.5 Epoxy
  - 7.3.5.1 Overview
  - 7.3.5.2 Epoxy: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
- 7.3.6 Polyurethane
  - 7.3.6.1 Overview
  - 7.3.6.2 Polyurethane: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
- 7.3.7 Others
  - 7.3.7.1 Overview
  - 7.3.7.2 Others: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Thermoplastic
- 7.4.1 Overview
- 7.4.2 Thermoplastic: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4.3 Polypropylene
  - 7.4.3.1 Overview
  - 7.4.3.2 Polypropylene: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4.4 Polyethylene
  - 7.4.4.1 Overview
  - 7.4.4.2 Polyethylene: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4.5 Polyvinylchloride
  - 7.4.5.1 Overview
  - 7.4.5.2 Polyvinylchloride: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4.6 Polystyrene
  - 7.4.6.1 Overview
  - 7.4.6.2 Polystyrene: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4.7 Polyethylene Terephthalate
  - 7.4.7.1 Overview
  - 7.4.7.2 Polyethylene Terephthalate: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4.8 Polycarbonate
  - 7.4.8.1 Overview
  - 7.4.8.2 Polycarbonate: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4.9 Others
  - 7.4.9.1 Overview
  - 7.4.9.2 Others: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)

8. Plastics for Composites Market Analysis - By Technology

8.1 Overview
8.2 Plastics for Composites Market, By Technology (2021 and 2028)
8.3 Injection Molding
- 8.3.1 Overview
- 8.3.2 Injection Molding: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Compression Molding
- 8.4.1 Overview
- 8.4.2 Compression Molding: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Pultrusion
- 8.5.1 Overview
- 8.5.2 Pultrusion: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Resin Infusion
- 8.6.1 Overview
- 8.6.2 Resin Infusion: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
8.7 Others
- 8.7.1 Overview
- 8.7.2 Others: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)

9. Plastics for Composites Market - Geographic Analysis

9.1 Overview
9.2 North America: Plastics for Composites Market
- 9.2.1 North America: Plastics for Composites Market -Revenue and Forecast to 2028 (US$ Million)
- 9.2.2 North America: Plastics for Composites Market, By Type
- 9.2.3 North America: Plastics for Composites Market, By Technology
- 9.2.4 North America: Plastics for Composites Market, by Key Country
  - 9.2.4.1 US: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.2.4.1.1 US: Plastics for Composites Market, By Type
    - 9.2.4.1.2 US: Plastics for Composites Market, By Technology
  - 9.2.4.2 Canada: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.2.4.2.1 Canada: Plastics for Composites Market, By Type
    - 9.2.4.2.2 Canada: Plastics for Composites Market, By Technology
  - 9.2.4.3 Mexico: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.2.4.3.1 Mexico: Plastics for Composites Market, By Type
    - 9.2.4.3.2 Mexico: Plastics for Composites Market, By Technology
9.3 Europe: Plastics for Composites Market
- 9.3.1 Europe: Plastics for Composites Market -Revenue and Forecast to 2028 (US$ Million)
- 9.3.2 Europe: Plastics for Composites Market, By Type
- 9.3.3 Europe: Plastics for Composites Market, By Technology
- 9.3.4 Europe: Plastics for Composites Market, by Key Country
  - 9.3.4.1 Germany: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.3.4.1.1 Germany: Plastics for Composites Market, By Type
    - 9.3.4.1.2 Germany: Plastics for Composites Market, By Technology
  - 9.3.4.2 France: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.3.4.2.1 France: Plastics for Composites Market, By Type
    - 9.3.4.2.2 France: Plastics for Composites Market, By Technology
  - 9.3.4.3 Italy: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.3.4.3.1 Italy: Plastics for Composites Market, By Type
    - 9.3.4.3.2 Italy: Plastics for Composites Market, By Technology
  - 9.3.4.4 UK: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.3.4.4.1 UK: Plastics for Composites Market, By Type
    - 9.3.4.4.2 UK: Plastics for Composites Market, By Technology
  - 9.3.4.5 Russia: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.3.4.5.1 Russia: Plastics for Composites Market, By Type
    - 9.3.4.5.2 Russia: Plastics for Composites Market, By Technology
  - 9.3.4.6 Rest of Europe: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.3.4.6.1 Rest of Europe: Plastics for Composites Market, By Type
    - 9.3.4.6.2 Rest of Europe: Plastics for Composites Market, By Technology
9.4 Asia Pacific: Plastics for Composites Market
- 9.4.1 Asia Pacific: Plastics for Composites Market -Revenue and Forecast to 2028 (US$ Million)
- 9.4.2 Asia Pacific: Plastics for Composites Market, By Type
- 9.4.3 Asia Pacific: Plastics for Composites Market, by Technology
- 9.4.4 Asia Pacific: Plastics for Composites Market, by Key Country
  - 9.4.4.1 Australia: Plastics for Composites Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.4.4.1.1 Australia: Plastics for Composites Market, By Type
    - 9.4.4.1.2 Australia: Plastics for Composites Market, by Technology
  - 9.4.4.2 China: Plastics for Composites Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.4.4.2.1 China: Plastics for Composites Market, By Type
    - 9.4.4.2.2 China: Plastics for Composites Market, by Technology
  - 9.4.4.3 India: Plastics for Composites Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.4.4.3.1 India: Plastics for Composites Market, by Type
    - 9.4.4.3.2 India: Plastics for Composites Market, by Technology
  - 9.4.4.4 Japan: Plastics for Composites Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.4.4.4.1 Japan: Plastics for Composites Market, By Type
    - 9.4.4.4.2 Japan: Plastics for Composites Market, by Technology
  - 9.4.4.5 South Korea: Plastics for Composites Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.4.4.5.1 South Korea: Plastics for Composites Market, By Type
    - 9.4.4.5.2 South Korea: Plastics for Composites Market, by Technology
  - 9.4.4.6 Rest of Asia Pacific: Plastics for Composites Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.4.4.6.1 Rest of Asia Pacific: Plastics for Composites Market, By Type
    - 9.4.4.6.2 Rest of Asia Pacific: Plastics for Composites Market, by Technology
9.5 South and Central America: Plastics for Composites Market
- 9.5.1 South and Central America: Plastics for Composites Market -Revenue and Forecast to 2028 (US$ Million)
- 9.5.2 South and Central America: Plastics for Composites Market, By Type
- 9.5.3 South and Central America: Plastics for Composites Market, by Technology
- 9.5.4 South and Central America: Plastics for Composites Market, by Key Country
  - 9.5.4.1 Brazil: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.5.4.1.1 Brazil: Plastics for Composites Market, By Type
    - 9.5.4.1.2 Brazil: Plastics for Composites Market, by Technology
  - 9.5.4.2 Argentina: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.5.4.2.1 Argentina: Plastics for Composites Market, By Type
    - 9.5.4.2.2 Argentina: Plastics for Composites Market, by Technology
  - 9.5.4.3 Rest of South and Central America: Plastics for Composites Market - Revenue and Forecast to 2028 (US$ Million)
    - 9.5.4.3.1 Rest of South and Central America: Plastics for Composites Market, By Type
    - 9.5.4.3.2 Rest of South and Central America: Plastics for Composites Market, by Technology
9.6 Middle East and Africa: Plastics for Composites Market
- 9.6.1 Middle East and Africa: Plastics for Composites Market -Revenue and Forecast to 2028 (US$ Million)
- 9.6.2 Middle East and Africa: Plastics for Composites Market, By Type
- 9.6.3 Middle East and Africa: Plastics for Composites Market, by Technology
- 9.6.4 Middle East and Africa: Plastics for Composites Market, by Key Country
  - 9.6.4.1 South Africa: Plastics for Composites Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.6.4.1.1 South Africa: Plastics for Composites Market, By Type
    - 9.6.4.1.2 South Africa: Plastics for Composites Market, by Technology
  - 9.6.4.2 UAE: Plastics for Composites Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.6.4.2.1 UAE: Plastics for Composites Market, By Type
    - 9.6.4.2.2 UAE: Plastics for Composites Market, by Technology
  - 9.6.4.3 Saudi Arabia: Plastics for Composites Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.6.4.3.1 Saudi Arabia: Plastics for Composites Market, By Type
    - 9.6.4.3.2 Saudi Arabia: Plastics for Composites Market, by Technology
  - 9.6.4.4 Rest of Middle East and Africa: Plastics for Composites Market -Revenue and Forecast to 2028 (US$ Million)
    - 9.6.4.4.1 Rest of Middle East and Africa: Plastics for Composites Market, by Type
    - 9.6.4.4.2 Rest of Middle East and Africa: Plastics for Composites Market, by Technology

10. Impact of COVID-19 Pandemic on Global Plastics for Composites Market

10.1 Overview
10.2 Impact of COVID-19 on Plastics for Composites Market
10.3 North America: Impact Assessment of COVID-19 Pandemic
10.4 Europe: Impact Assessment of COVID-19 Pandemic
10.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.6 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.7 South and Central America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Product Launch
11.2 Expansion
11.3 Partnership
11.4 Mergers and Acquisitions

12. Company Profiles

12.1 Lanxess AG
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Covestro AG
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 Celanese Corp
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 INEOS Group Holdings SA
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Daicel Corp
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 BASF SE
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Evonik Industries AG
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Solvay SA
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Saudi Basic Industries Corp
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
12.10 Arkema SA
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners
13.2 Glossary of Terms