Thermoplastic Resin in Global Automotive Composites Market is anticipated to grow at a CAGR of 8.8% during 2021-2027
The global thermoplastic resin in global automotive composites market is projected to reach $7.6 billion by 2027, at a CAGR of 8.8% during 2021-2027. The growth of thermoplastic resin in global automotive composites market is driven by increasing demand for lightweight material as well as high performance materials in different application of automotive markets.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the thermoplastic resin in global automotive composites market by application (exterior, interior, powertrain system, under body system, chassis system, electrical and electronics and others), material type (short fiber thermoplastics (SFT), long fiber thermoplastics (LFT), continuous fiber thermoplastics (CFT), and glass mat thermoplastics (GMT) and others), resin type (polypropylene (PP), polyamide (PA), polybutylene terephthalate (PBT), and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the thermoplastic resin in global automotive composites market?
Q.4 What are some changing demands of customers in the thermoplastic resin in global automotive composites market?
Q.5 What are the new developments in the thermoplastic resin in global automotive composites market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this thermoplastic resin in global automotive composites area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this thermoplastic resin in global automotive composites market?
Emerging trends, which have a direct impact on the dynamics of the industry, include development of hybrid type auto parts and increasing demand for thermoplastic resin in other applications of automotive composites.
Market Segmentation:
Based on resin, the thermoplastic resin in global automotive composites market is segmented into polypropylene (PP), polyamide (PA), polybutylene terephthalate (PBT), and others. The PA segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to its very tough material, with excellent all-round chemical resistance.
Europe is expected to remain the largest region over the forecast period.
Key Players in the thermoplastic resin in global automotive composites market are Celanese, SABIC, TenCate Advanced Composites, Cytec Solvay Group, BASF SE, Jushi Group Co. Ltd., John’s Manville, Chongqing Polycomp International Corporation, and LANXESS.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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