Chemicals News

Thermoplastic Composites Market to Reach US$ 36.0 Billion by 2024, Know What Make It’s Booming Industry?

Press Release

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The Thermoplastic Composites Market size is estimated to grow from US$ 28.0 Billion in 2019 to US$ 36.0 Billion by 2024, at a CAGR of 5.2% between 2019 and 2024.

Top Key Players profiled in the Thermoplastic Composites Market include are BB Ltd. (Switzerland), FANUC (Japan), KUKA AG (Germany), Yaskawa Electric Corporation (Japan), Denso (Japan), Microsoft (US), Omron Corporation (Japan), Universal Robotics (Denmark), Clearpath Robots (Canada), iRobot Corporation (US), Rethink Robotics (Germany), Stanley Innovation (US), Husarion (Poland).

“The market in the aerospace & defense application is expected to register the highest CAGR between 2019 and 2024.”

Aerospace & defense is the fastest-growing application in the thermoplastic composites market. The benefits of using thermoplastic composites for aerospace applications include cost performance, dimensional stability, and corrosion resistance. Thermoplastic composites provide lightweight property in the aerospace industry and hence facilitates more efficient designs—structurally, and aerodynamically. The interior components produced from thermoplastic materials include floor panels, luggage bins, seats, trolleys, separation panels, keel beams, seals, fuel pipes, and bulkheads.

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“Carbon fiber reinforced thermoplastic to register the highest CAGR between 2019 and 2024.”

The ability of carbon fiber to reduce weight, lower energy consumption, and enhance the performance of finished products has increased the demand for carbon fiber-reinforced thermoplastic composites, especially in the aerospace & defense and transportation applications. Carbon fiber-reinforcement can be manufactured using a wide range of base resins, such as PP, PA, PEEK, PPS, and PC. Carbon-reinforced PEEK resins are highly preferred in the aircraft applications.

Study Objectives:

  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To analyze and forecast the market size of thermoplastic composites, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To define, describe, and forecast the market based on resin type, fiber, product type, and application
  • To define, describe, and forecast the market based on five regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and Latin America
  • To strategically analyze micro markets with respect to individual growth trends, prospects, and their contribution to the overall market
  • To strategically profile the key players and comprehensively analyze their market share and core competencies.

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Competitive Landscape of Thermoplastic Composites Market:

1 Introduction

2 Competitive Leadership Mapping (Overall Market)

2.1 Dynamic Differentiators

2.2 Innovators

2.3 Visionary Leaders

2.4 Emerging Companies

3 Competitive Benchmarking

3.1 Strength of Product Portfolio

3.2 Business Strategy Excellence

4 Market Ranking of Key Players, 2018

5 Competitive Scenario

5.1 New Product Development

5.2 Investment & Expansion

5.3 Merger & Acquisition

5.4 Joint Venture & Partnership

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