Global Thermoplastic Composites Market Estimated to Grow with a CAGR of Over 6% During the Forecast Period, 2020-2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 14, 2020--
The “Thermoplastic Composites Market by Product, End-user, Resin Type, Fiber Type, and Geography - Forecast and Analysis 2020-2024” report has been added to ResearchAndMarkets.com’s offering.
Global Thermoplastic Composites Market: About this market
The thermoplastic composites market analysis considers sales from aerospace and defense, consumer goods and electronics, automotive, construction, wind energy, and other end-users. Our study also finds the sales of thermoplastic composites in APAC, Europe, MEA, North America, and South America. In 2019, the aerospace and defense segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as rising investments in the aerospace sector will play a significant role in the aerospace and defense segment to maintain its market position. Also, our global thermoplastic composites market report looks at factors such as increasing demand for thermoplastic composites in the automotive industry, growth of oil and gas industry, and rising demand for polyamide as composite. However, challenges associated with fiber-reinforcement polymer composites, fluctuating crude oil prices, and the threat of substitutes may hamper the growth of the thermoplastic composites industry over the forecast period.
Global Thermoplastic Composites Market: Overview
Rising demand for polyamide as composite
The polymer is useful for a wide range of applications that require plastic materials with a high melting temperature. Applications involving a lot of wear and tear often prefer polyamides compared to conventional engineered plastics. Furthermore, the high flexibility to be combined with other materials and low friction of polyamides make them an ideal material to be used for various large-volume standard products such as gears, bushings, and plastic bearings. Thus, the growing demand for polyamides as composites from various applications, including automotive, aerospace, consumer goods, coatings, surgical sutures, and others will lead to the expansion of the global thermoplastic composites market at a CAGR of over 6% during the forecast period.
The growing use of fiber-reinforced composite materials in medical applications
The development of polymer composite materials in recent years has led to technological advances across a wide range of applications in modern orthopedic medicine and prosthetic devices. Composites exhibit superior strength and excellent biocompatibility compared to conventional monolithic materials. This has further led to an increase in demand for fiber-reinforced polymer composites in the medical sector. These composites are often used in orthopedic surgery due to their excellent fatigue characteristics, radiolucency, and high strength-to-weight ratios. Furthermore, their extraordinary properties make them viable to be used for orthotic and prosthetic devices as well as in components for large-scale MRI equipment. This development is expected to have a positive impact on the overall market growth.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
PART 09: GEOGRAPHIC LANDSCAPE
PART 10: MARKET SEGMENTATION BY RESIN TYPE
PART 11: MARKET SEGMENTATION BY FIBER TYPE
PART 12: DECISION FRAMEWORK
PART 13: DRIVERS AND CHALLENGES
PART 14: MARKET TRENDS
PART 15: VENDOR LANDSCAPE
PART 16: VENDOR ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/ocej07
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INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING
SOURCE: Research and Markets
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PUB: 01/14/2020 09:32 AM/DISC: 01/14/2020 09:32 AM