Global Thermoplastic Composites Market High Strength Increasing Investments Have Led to Technological Advancement in The Manufacturing Process Forecast 2023

The Key Players Operating in the Market are adopting various growth strategies such as expansions & investments, partnerships, agreements & contracts, new product developments, and acquisitions to enhance their presence and secure their position in the thermoplastic composites market across the globe.

Thermoplastic Composites Market Report Coverage Highlights: This report covers drivers, restraints, opportunities, challenges, and market trends. The report also covers the product portfolio analysis of the Thermoplastic Composites products and vendor benchmarking of the top players in this market. In addition, this report highlights the growth strategies adopted by the major market players to garner large shares in the Thermoplastic Composites market.

The Thermoplastic Composites Market is estimated to witness a significant growth during the forecast period, 2018-2023. Asia-Pacific is expected to be the largest market for thermoplastic composites during the forecast period, owing to the rapidly increasing demand from the transportation, aerospace and defense sector.

A separate section with Thermoplastic Composites industry key players is included in the report, which provides a comprehensive analysis of price, cost, gross, revenue, product picture, specifications, company profile, and contact information. Development and Research plays a vital role towards the innovation in any given industry which require to execute. Additionally, performing research and development offers a competitive advantage over the competitors owing to regular introduction of products and prototypes to attract consumers. This is expected to have a positive impact on the Thermoplastic Composites market growth over the forecast period.

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Increasing Adoption of Thermoplastic Composites

There has been a rapid growth in the usage of thermoplastic composites due to the increasing awareness of its properties which include, easy recyclability, less curing time, high strength, and increased rigidity. Moreover, increasing investments have led to technological advancement in the manufacturing process of thermoplastic composites, due to which, the demand has been witnessing a rise globally.

Electronics Segment to Dominate the Market

Thermoplastic composites are expected to witness a rapid increase in demand from the electronics sector, owing to its requirement for fabrication of electrical connectors and accessories, electronics equipment, and consumer goods. These composites offer properties, such as high impact resistance, increased strength, and improved durability, and reduces overall weight of components. Thus, due to these factors, the demand for thermoplastic composites is expected to grow rapidly from the electrical and electronics segment over the forecast period.

Asia-Pacific dominates the Market

Asia-Pacific is expected to dominate the global thermoplastic composites market with a major share in the coming years. This is majorly because of the increasing usage in transportation and electrical & electronics sector of emerging economies including China, India and Indonesia. The increasing demand for environment-friendly products and stringent environmental regulations are further boosting the demand for thermoplastic composites in the region.

China is expected to have the largest market in the region, owing to increasing investments in the electronics sector. In 2017, the automotive production in China increased by 3.19%. In addition, the increasing demand for light weight and electric vehicles is expected to increase the demand for automotive vehicles, which in turn is likely to boost the demand for thermoplastic composites during the forecast period.

Key Developments

March 2018: Koninklijke Ten Cate B.V. announced their agreement with integrated chemicals and materials group Toray Industries Inc. on the acquisition of TenCate Advanced Composites. Toray is expected to acquire TCAC for an enterprise value of € 930 million.

March 2018: Hexcel and Arkema joined forces in thermoplastic composite solutions for aerospace sector, combining the expertise of Hexcel in carbon fiber and that of Arkema in PEKK. As a part of this partnership, a joint R&D laboratory will be established in France.

Major Players -

BASF SE.
Lanxess AG.
PPG Fiber Glass Inc.
SABIC and Solvay.

Reasons to Purchase Report

Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Information on the resin type, fiber type and end-user industry that are expected to witness the highest demand for thermoplastic composites
Information on the region that is expected to witness fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 months analyst support along with the Market Estimate sheet (In excel).

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Thermoplastic Composites Market Forecast 2018-2023

The Thermoplastic Composites industry research report analyses the supply, sales, production, and market status comprehensively. Production market shares and sales market shares are analysed along with the study of capacity, production, sales, and revenue. Several other factors such as import, export, gross margin, price, cost, and consumption are also analysed under the section Analysis of Thermoplastic Composites production, supply, sales and market status.

Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

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Detailed TOC of Global Thermoplastic Composites Market Forecasts (2018 - 2023)
1. Introduction
1.1 Definition of the Market
1.2 Key Findings of the Study
2. Research Scope and Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Methodology
2.4 Research Phases
3. Market Dynamics
3.1 Drivers
3.1.1 Increasing Demand for Thermoplastic Composites
3.1.2 Evolving R&D Priorities
3.1.3 Adoption of Thermoplastic Composites
3.2 Restraints
3.2.1 Thermoplastic Composites Industry
3.2.2 Thermoplastic Composites Types and Application
4. Industry Analysis
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Buyers
4.1.3 Threats of New Entrants
4.1.4 Threats of Substitute Products and Services
4.1.5 Degree of Competition
5. Market Segmentation
5.1 By Application
5.2 By Geography
5.2.1 North America
5.2.1.1 US
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.1.4 Others
5.2.2 Europe
5.2.2.1 Spain
5.2.2.2 UK
5.2.2.3 France
5.2.2.4 Germany
5.2.2.5 Russia
5.2.2.6 Italy
5.2.2.7 Others
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Australia
5.2.3.5 Others
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Others
5.2.5 Africa
5.2.5.1 South Africa
5.2.5.2 Others
6. Competitor Analysis
6.1 Market Shares of Leading Players
6.2 Strategies Adopted by Leading Players
7. Company Profiles
8. Future Outlook of the Market
9. Appendix

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