According to
a new market report published by Lucintel, the future of thermoplastic
composites in the European consumer goods market looks promising with
opportunities in circuit breakers, power tools, appliances, and furniture. Thermoplastic composites in the European consumer
goods market are expected to reach an
estimated $1.2 billion by 2022 and are
forecast to grow at a CAGR of 2.0%
from 2017 to 2022. The major
drivers for the growth of this market are growing demand for consumer goods and
performance benefits of reinforced thermoplastics over traditional materials;
these benefits include weight savings, recyclability, and resistance to
moisture and chemicals.
In this
market, appliances, furniture, circuit breakers, and power tools are the major
end use applications. On the basis
of comprehensive research, Lucintel forecasts that the appliances and furniture
applications are expected to show above average growth during the forecast
period.
By material type, short fiber reinforced
thermoplastic (SFT) composites are expected to remain the largest market for
thermoplastic composites in the European consumer goods market in value
shipment because they offer versatility in processing.
By resin
type, polypropylene (PP) based thermoplastic composites in the European
consumer goods market are expected to remain the most widely-used thermoplastic
composite by both value and volume. Polypropylene (PP) is inexpensive and a
good electrical insulator, which is why demand is growing, particularly for
high volume production. These beneficial properties are likely to drive the
consumption of polypropylene based thermoplastic composites in the European
consumer goods market over the forecast period.
Emerging
trends, which have a direct impact on the dynamics of the industry, include the
increasing use of thermoplastic
composites in new applications
and growing inter-material competition. DSM, BASF SE, SABIC, DuPont, LANXESS,
Solvay, and Celanese are among the major suppliers of
thermoplastic composites in the European consumer goods market.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed
growth opportunities in the thermoplastic composites in the European consumer
goods market by application, resin type, and material type. Lucintel has
prepared a comprehensive research report entitled “Growth
Opportunities for Thermoplastic Composites in the European Consumer Goods
Market 2017-2022.” The
Lucintel report serves as a catalyst for growth strategy by providing
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for growth opportunities for thermoplastic composites
in the European consumer goods market by application, resin type, and material type, as follows:
By application [Volume (M lbs) and Value ($
Million) from 2011 to 2022]:
- Circuit Breakers
- Power Tools
- Appliances
- Furniture
- Others
By resin type
[volume (M lbs) and Value ($ Million) from 2011 to
2022]:
- Polyamide (PA)
- Polypropylene (PP)
- Polybutylene terephthalate (PBT)
- Others
By material
type [volume (M lbs) and Value ($ Million) from 2011 to
2022]:
- Short Fiber Thermoplastics (SFT)
- Long Fiber Thermoplastics (LFT)
- Others
This
137-page research report will enable you to make confident business decisions
in this European 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, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT
Analysis.
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 answers the following 10 key
questions:
Q.1. What are some of the most promising,
high-growth opportunities for thermoplastic composites in the European consumer
goods market by application (circuit breakers, power tools, appliances,
furniture, and others), resin type (Polyamide (PA), Polypropylene (PP),
Polybutylene terephthalate (PBT), and others), material type (Short Fiber
Thermoplastics (SFT), Long Fiber Thermoplastics (LFT), and others)?
Q.2. Which application segments will grow at a faster
pace at what rate 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 emerging trends in this market and the 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 activities have occurred in the last 5 years in this market?
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