Thermoplastic Composites Market to Record Study Growth by 2024
View Report Preview:
The applications of thermoplastic composites have witnessed significant growth in the aerospace and defense industries, consumer goods, electrical and electronics, and automobile in emerging economies due to rapid urbanization. Constantly rising fuel costs have compelled the aerospace industry to look for lightweight and more fuel efficient designs for its existing models. These factors are expected to drive the market for lightweight composites to achieve sustainable development. The extensive usage of thermoplastic composites in various other segments such as consumer goods and electronics is expected to further augment the thermoplastic composites market.
Growing usage of thermoplastic composite materials in vehicle components such as chassis, wheels, hoods, and roofs in racing and high-performance vehicles is being considered to be a critical driving factor for the growing penetration of thermoplastic composites in the automobile industry. Lower cost for consumers and improvement in product performance through innovation is expected to further augment the market growth. The relatively higher cost of raw materials poses the biggest challenge to the industry and acts as a restraint to an otherwise booming industry. Consumer goods, and electrical and electronics are the other major application segments of thermoplastic composites.
Asia Pacific is expected to be the leading regional market during the next few years on account of the growing population and rapid urbanization in emerging economies such as China and India. Increasing workforce and subsequent development of industrial infrastructure in this region has led to the steady growth of major industries such as automotive, electrical and electronics, aerospace, and consumer goods. Japan, which is among the pioneers in electronics industry, is another market in Asia anticipated to witness steady growth in thermoplastic composites.
Europe is expected to follow suit on account of the presence of well-established and influential automotive markets in Germany and Italy. Europe is also home to some of the biggest players in the aerospace industry, hence the thermoplastic composites market is also expected to rise in that segment. Similar factors are expected to play an important role in the market growth of thermoplastic composites in the North America region, especially the U.S. which houses several automobile and aerospace giants. Latin America is anticipated to witness a steady growth rate during the next few years due to the rise of automotive industry in growing economies such as Brazil. Thermoplastic composites market also caters to the growing requirement of consumer goods in Brazil. Hence, it is expected to grow into an important market in the near future. The Middle East and Africa region is expected to rise at a steady pace on account of the presence of fast growing economies such as the GCC countries and South Africa in this region.
Request to view Sample Report:
Major players in the thermoplastic composites market include Royal Tencate NV, Cytec Industries, The Dow Chemical Company, Celanese Corporation, BASF SE, Bayer MaterialScience, Royal DSM, E. I. du Pont de Nemours and Company, and Saudi Basic Industries Corporation (SABIC).
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Thermoplastic Composites Market to Record Study Growth by 2024 here
News-ID: 1003498 • Views: 298
More Releases from Transparency Market Research
Voltage Detectors Market – Evolving Technology Trends and Industry SWOT Analys …
The global voltage detectors market includes large number of players. Some of the key players are Texas Instruments, Toshiba, ROHM Semiconductor Sharp Microelectronics, Analog Devices Inc., STMicroelectronics, ON Semiconductor, Torex Semiconductor, Taiwan Semiconductor and Seiko Instruments. Browse Our Report @ https://www.transparencymarketresearch.com/voltage-detectors-market.html Voltage Detector is a testing equipment generally used to determine the existence or absence of an electrical charge in an object. It is highly suggested for conditions where power issues exist.
Switched Capacitor Filters Market : Key Segments, Maket Insights, Regional Outlo …
Major players in the global switched capacitor filters market are Texas Instruments Incorporated, Analog Devices, Inc., Maxim Integrated, Inc., Siemens AG, Eaton Corporation, and among others. Browse Our Report @ https://www.transparencymarketresearch.com/switched-capacitor-filters-market.html A switched capacitor filter is an active filter based on the consideration that a switching of capacitors between two circuit nodes at an adequately high rate that is equivalent to a resistor connecting these two nodes. The switched capacitor filters are
Current Calibrator Market : Recent Industry Developments And Growth Strategies A …
Key players operating in the global current calibrator market include Valhalla Scientific, Rotek Inc., Time Electronics, PCE Instruments, Martel Electronics, AOIP Instrumentation, Extech Instruments, Yogokawa Test & Measurement Corporation, Extech Instruments, REED Instruments, Fluke Corporation, and others. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the
Damp Meter Market – Outlook by Responsible Drivers, Restraints, Demand
Key players operating in the global damp meter market include PCE Instrument, Delmhorst Instrument Co., GENERAL TOOLS & INSTRUMENTS LLC, FLIR Systems, Inc. designs, Panomex Inc., These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The
More Releases for Thermoplastic
Global Thermoplastic Polyurethane Elastomers Regional Outlook 2019
The global Thermoplastic Polyurethane Elastomers market is valued at million US$ in 2018 is expected to reach million US$ by the end of 2025, growing at a CAGR of during 2019-2025. This report focuses on Thermoplastic Polyurethane Elastomers volume and value at global level, regional level and company level. From a global perspective, this report represents overall Thermoplastic Polyurethane Elastomers market size by analyzing historical data and future prospect. Regionally, this
Thermoplastic Elastomers (TPE) Market Segmentation by Product Types (Styrene-bas …
Thermoplastic Elastomers (TPE) Market Report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry, by summing up the previous growth patterns, the growth drivers, and the current and future trends. Thermoplastic Elastomers are the class of polymers which consist of thermoplastics and elastomeric properties. Thermoplastic elastomers consist of several properties such as high flexibility, slip resistance, electric
Thermoplastic Elastomers Market 2024: Key Players
Increasing preference for low weight, sustainable, bio-based alternatives for conventional raw material will impel Thermoplastic Elastomers Market size. Subject to the efficient thermoplastic and elastomeric properties and myriad other physical and chemical benefits provided by these products, they are used extensively as alternatives for metals, regular & engineered plastics, wood, and natural or synthetic rubber across the automotive, medical, electronics, construction, footwear, and industrial sectors. Thermoplastic elastomers (TPE) industry was
Thermoplastic Polyurethane Films Market Size, Share | MarketResearchReports.biz
Latest industry research report on: Global Thermoplastic Polyurethane Films Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts TPU Films Market: Scope of the Study The report estimates and forecasts the thermoplastic polyurethane (TPU) films market on the global, regional, and country levels. The study provides forecast between 2016 and 2024 based on volume (tons) and revenue (US$ Mn) with 2015 as the base year. The report
Global Thermoplastic Polyolefin Market Size, Share | MarketResearchReports.biz
Latest industry research report on: Global Thermoplastic Polyolefin Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts Thermoplastic Polyolefin Market: Scope of the Study TPO, a light weight material, is a major product in thermoplastic elastomers family. It has one of the lowest specific gravities among all the thermoplastic elastomers. TPO is widely used in automotive interior and exterior components. It is employed in automotive bumpers, dashboard
Thermoplastic Polyurethane Films Market Growth Analysis 2024
The global thermoplastic polyurethane (TPU) films market is characterized by the presence of large and well-known players, who account for over half the market. Leading manufacturers operating in the thermoplastic polyurethane films market include BASF SE, Covestro AG, The Lubrizol Corporation, Huntsman Corporation, Tosoh Corporation, Wanhua Chemical Group Co., Ltd., Huafon Group, Shanghai Lejoin Polyurethane Industrial Co., Ltd., and Polyol Macromolecule Polymer (Fujian) Co., Ltd. Browse Market Research Report: http://www.transparencymarketresearch.com/thermoplastic-polyurethane-films-market.html Transparency