A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Thermoplastic
Composites
Market. The
study, titled “Thermoplastic
Composites Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Thermoplastic
composites can be categorized as discontinuous and continuous
composites. Long fiber thermoplastics and short fiber thermoplastics
are the two extensively used types of thermoplastic composites.
Thermoplastic composites have achieved rapid acceptance as a suitable
alternative to metal assemblies, die castings, and traditional
plastic materials in the market. Factors such as high impact
strength, high rigidity, and better surface quality coupled with less
product rejection, high resistance to extreme temperatures, and creep
resistance in constant load and severe environments have led to the
thermoplastic composites market being more attractive than metals and
thermoset.
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Market Research Report @
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.
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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.
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).
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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.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
About
Us
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.
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Us
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