According to a new market report published by
Lucintel, the future of filled thermoplastics market looks promising with opportunities
in the Asian consumer appliances, electrical & electronics, power tools and
other markets. The filled thermoplastics in the Asian consumer goods market is expected
to reach an estimated $5.3 billion by 2024 with a CAGR of 6.5% from 2019 to 2024.
The major drivers for this market are growing demand for consumer goods and
increasing use of plastic components to reduce the part weight.
In this market, resin (polypropylene,
polyamide, polybutylene terephthalate, and polycarbonate) and fillers (mineral
filler and fibers) are the major raw materials used for filled thermoplastic compound
manufacturing. Lucintel forecasts that polypropylene resin based filled
thermoplastics will remain the largest segment by value and volume. The growing
use of lightweight materials and comparatively lower cost than other
thermoplastic resins is likely to drive the consumption of polypropylene
based filled thermoplastics over the forecast period.
Within filled thermoplastics market,
electrical & electronics will remain the largest application by value and
consumer appliances by volume. Electrical & electronics segment is also expected
to witness highest growth over the forecast period due to the increasing demand
for lightweight plastic materials with higher thermal stability.
In this market, mineral filled and fiber
reinforced thermoplastics are the major product types. Mineral filled thermoplastic
will remain the largest segment by value and volume due to its wide application
area. The reinforced thermoplastics segment is expected to witness highest
growth over the forecast period due to the growing demand for materials with higher
performance benefits.
Emerging trends, which have a
direct impact on the dynamics of the industry, include continuous innovation and development of new products with low
water absorption, higher stiffness, and better thermal performance. BASF, DowDuPont,
Lanxess, DSM, Lyondellbasell and Borealis are among the major
suppliers of filled thermoplastics in the Asian
consumer
goods market.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed
growth opportunities for filled thermoplastics in the Asian consumer goods market
by application, resin, and material type, and has come up with a comprehensive research report entitled “Growth
Opportunities for Filled Thermoplastics in the Asian Consumer Goods Market 2019-2024:
Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves
as a catalyst for growth strategies as it provides a comprehensive data and
analysis on trends, key drivers, and directions. The study includes a forecast for
filled thermoplastics in the Asian
consumer goods market by application, resin, and material type, as
follows:
By application
[Volume (M lbs) and $M shipment analysis from 2013 to 2024]:
- Consumer Appliances
- Electrical & Electronics
- Power Tools
- Others
By material
type [Volume (M lbs) and $M shipment analysis from 2013 to 2024]:
- Mineral Filled Thermoplastics
- Fiber Reinforced Thermoplastics
Mineral filled
thermoplastics by application [Volume (M lbs) and $M shipment analysis from 2013
to 2024]:
- Consumer Appliances
- Refrigerators
- Washing
Machines
- Microwaves
- Dishwashers
- Other
Appliances
- Electrical & Electronics
- Circuit
Breakers
- Consumer
Electronics
- Other
Electrical & Electronics
- Power Tools
- Other Applications
By fiber reinforced
thermoplastics by application [Volume (M lbs) and $M shipment analysis from 2013
to 2024]:
- Consumer Appliances
- Refrigerators
- Washing
Machines
- Microwaves
- Dishwashers
- Other
Appliances
- Electrical & Electronics
- Circuit
Breakers
- Consumer
Electronics
- Other
Electrical & Electronics
- Power Tools
- Other Applications
By resin type
[Volume (M lbs) and $M shipment analysis from 2013 to 2024]:
- Polypropylene (PP)
- Polyamide (PA)
- Polybutylene terephthalate (PBT)
- Polycarbonate (PC)
- Others
This
234-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include advanced
materials reports, composite
materials market report, strategic growth
consulting, market
research due diligence and business strategy
consulting.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report addresses the following key
questions:
Q. 1. What are
some of the most promising, high-growth opportunities for filled thermoplastics
in the Asian consumer goods market by application (consumer appliances,
electrical & electronics, power tools, and others), material type (mineral
filled, and fibers), and resin (PP, PA, PBT, PC, and others)?
Q.
2. Which products segments will grow at
a faster pace and why?
Q.3. What are the key factors affecting market
dynamics? What are the drivers, challenges, and business risks in this market?
Q.4. What
are the business risks and competitive threats in this market?
Q.5. What
are the emerging trends in this market and reasons behind them?
Q.6. What
are some of the changing demands of customers in the market?
Q.7. What
are the new developments in the market and which companies are leading these
developments?
Q.8. Who
are the major players in this market? What strategic initiatives are being
taken by key companies for business growth?
Q.9. What
are some of the competing products in this market and how big of a threat do
they pose for loss of market share by product substitution?
Q.10. What M&A activity has occurred in
the last 5 years?
