Thermoplastic Composites Market Is Anticipated To Grow At A Cagr Of 2.2% During 2020-2025

By Author: Lucintel LLC
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The global thermoplastic composites market is projected to reach $15.1 billion by 2025, at a CAGR of 2.2% during 2020-2025. The growth of thermoplastic composites market is driven by growing demand for lightweight and environmentally sustainable materials, and the replacement of metals with composites in different end use industries.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the thermoplastic composites market by end use industry (transportation, consumer goods, construction, industrial, and others), material type (SFT, LFT, GMT, and CFT), reinforcement type (glass fiber, and carbon fiber and other), resin type (PP, PA, PBT, others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the thermoplastic composites market?
Q.4 What are some changing demands of customers in the thermoplastic composites market?
Q.5 What are the new developments in the thermoplastic composites ...
... market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this thermoplastic composites area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this thermoplastic composites market?
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing inter-material competition and increasing focus on continuous fiber reinforced thermoplastic composites.
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Market Segmentation:
Based on market type, the thermoplastic composites market is segmented into SFT, LFT, GMT, and CFT. The SFT segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period due to increasing demand for high performance thermoplastic composites reinforced with continuous fiber.
Europe is expected to be the largest region with the highest growth over the forecast period due to growing demand for lightweight and environmentally sustainable composite materials from the end use industries. ROW is expected to witness the highest growth rate during the forecast period due to the anticipated growth in the end user industries and increasing focus on high performance thermoplastic composites.
Key Players in the thermoplastic composites market are SABIC, Celanese, BASF, DSM, Solvay, and Hanwha and others.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/thermoplastic-composites-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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