Short Fiber Thermoplastic Composites Market - Segmented by Fiber Type, Resin Type, Product Type, Application, and Geography - Growth, Trends, and Forecast (2019 - 2024)

Short Fiber Thermoplastic Composites Market - Segmented by Fiber Type, Resin Type, Product Type, Application, and Geography - Growth, Trends, and Forecast (2019 - 2024)

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

Increasing Adoption of Thermoplastic Composites

Short fiber thermoplastic composites are easy to manufacture, however offer the smallest increase in mechanical properties. They also help in improving the composite performance for lightweight applications. Additionally, they offer easy recyclability, and high strength due to which the demand for short fiber thermoplastic composites has witnessed a rise, globally.

Electronics Segment to Dominate the Market

Short fiber thermoplastic composites are expected to witness a rapid increase in demand from the electronics sector, owing to its requirement for fabrication of electrical connectors, accessories, and electronics equipment. These composites are majorly adopted for reducing the overall weight of components. Additionally, they offer properties, such as high impact resistance, increased strength, and improved durability. Therefore, due to such factors the demand for short fiber thermoplastic composites is expected to grow rapidly from the electrical and electronics segment during the forecast period.

Asia-Pacific dominates the global market

Asia-Pacific is expected to dominate the global short fiber 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. 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%. Additionally, 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 short fiber thermoplastic composites during the forecast period.


Key Developments in the Market

  • March 2018: Koninklijke Ten Cate B.V. announced its agreement with integrated chemicals and materials group Toray Industries Inc. on the acquisition of TenCate Advanced Composites. Toray may 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 part of this partnership, a joint research and development laboratory, located in France, shall be established

Major Players - BASF SE, DowDuPont, Lanxess AG, SABIC, and Solvay, among others.

Reasons to Purchase this Report

  • Analyze various perspectives of the market with the help of Porter’s five forces analysis
  • Resin type that is expected to witness the highest demand for short fiber thermoplastic composites
  • 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-month analyst support, along with the Market Estimate sheet in Excel

Customization of the Report

  • This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you to get a report that suits your needs

1. Introduction

                1.1 Scope of the Report

                1.2 Market Definition

                1.3 Study Assumptions

                1.4 Study Deliverables

                1.5 Research Phases

2. Executive Summary

3. Market Insights

                3.1 Industry Value Chain Analysis

                3.2 Industry Attractiveness – Porter’s Five Forces Analysis

                                3.2.1 Bargaining Power of Suppliers

                                3.2.2 Bargaining Power of Consumers

                                3.2.3 Threat of New Entrants

                                3.2.4 Threat of Substitute Products & Services

                                3.2.5 Intensity of Competitive Rivalry

4. Market Dynamics

                4.1 Drivers

                                4.1.1 Ease of Recycling and Processing

                                4.1.2 Increasing Demand from Transportation Sector

                                4.1.3 Increasing Application Base in Aerospace and Defense

                4.2 Restraints

                4.3 Opportunities

                                4.3.1 Increasing Investments in Aerospace Sector

                                4.3.2 Innovation Led by Technological Advancements

5. Market Segmentation and Analysis

                5.1 By Fiber Type

                                5.1.1 Glass Fiber

                                5.1.2 Carbon Fiber

                                5.1.3 Others

                5.2 By Resin Type

                                5.2.1 Polypropylene (PP)

                                5.2.2 Polyamide (PA)

                                5.2.3 Polybutylene Terephthalate (PBT)

                                5.2.4 Others

                5.3 By Application

                                5.3.1 Aerospace and Defense

                                5.3.2 Electrical & Electronics

                                5.3.3 Transportation

                                5.3.4 Consumer Goods

                                5.3.5 Others

6. Regional Market Analysis (Market Size, Growth, and Forecast)

                6.1 Asia-Pacific

                                6.1.1 China

                                6.1.2 India

                                6.1.3 Japan

                                6.1.4 South Korea

                                6.1.5 Rest of Asia-Pacific

                6.2 North America

                                6.2.1 United States

                                6.2.2 Canada

                                6.2.3 Mexico

                                6.2.4 Rest of North America

                6.3 Europe

                                6.3.1 Germany

                                6.3.2 United Kingdom

                                6.3.3 France

                                6.3.4 Italy

                                6.3.5 Russia

                                6.3.6 Rest of Europe

                6.4 South America

                                6.4.1 Brazil

                                6.4.2 Argentina

                                6.4.3 Rest of South America

                6.5 Middle East & Africa

                                6.5.1 Saudi Arabia

                                6.5.2 South Africa

                                6.5.3 Rest of Middle East & Africa

7. Competitive Landscape

                7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

                7.2 Market Share Analysis**

                7.3 Strategies Adopted by Leading Players

8. Company Profiles* (Overview, Financials**, Products & Services, and Recent Developments)

                8.1 Arkema

                8.2 AVANCO Group

                8.3 BASF SE

                8.4 Celanese Corporation

                8.5 Dieffenbacher

                8.6 DowDuPont

                8.7 DSM N.V.

                8.8 Koninklijke Ten Cate BV

                8.9 Lanxess AG 

                8.10 Polyone Corporation 

                8.11 Quadrant AG 

                8.12 Royal DSM N.V.

                8.13 SABIC 

                8.14 Solvay S.A. 

                8.15 Teijin Limited

                8.16 Victrex

                *List Not Exhaustive

9. Disclaimer

**Subject to Feasibility & Availability on Public Domain

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