According to the recent study the thermoplastic resin in the global automotive composites market is projected to reach an estimated $4.7 billion by 2026 from $3.2 billion in 2020, at a CAGR of 4.9% from 2021 to 2026. Growth in this market is primarily driven by increasing demand for lightweight material as well as high performance materials in different application of automotive markets.
Browse 127 figures /
charts and 101 tables in this 241 -page report to understand trends,
opportunities and forecast in thermoplastic resin in the 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).
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view detailed Table of Content by clicking on below link https://www.lucintel.com/thermoplastic-resin-in-automotive-composites-market.aspx
“Polyamide (PA) market is expected to
remain the largest segment during the forecast period.”
Based on resin, the thermoplastic
resin in the global automotive composites market is segmented into polypropylene
(PP), polyamide (PA), polybutylene terephthalate (PBT), and others. Lucintel
forecasts that the polyamide (PA) is expected to witness the largest segment
over the forecast period because it is very tough material, with excellent
all-round chemical resistance.
“Within the thermoplastic resin in the global automotive
composites market, the powertrain system segment is expected to remain the
largest end use industry.”
Based on application,
the powertrain system segment is expected to witness the largest segment over
the forecast period due to increasing penetration of composites materials in automotive
industry.
“Europe will dominate the thermoplastic resin in the global
automotive composites market in near future.”
Europe is expected to be
the largest region and ROW is expected to experience the highest growth over
the forecast period due to growth in end use industries.
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Major players of thermoplastic
resin in the global automotive composites market are adopting various growth
strategies like new product launches, expansions, merger and acquisitions,
partnerships, agreements, and collaborations to expand their presence in this
market. BASF SE, SABIC, DSM NV, DuPont, Celanese, Cytec Solvay, Hanwha and
Lanxess are among the major thermoplastic resin in the global automotive
composites providers.
This unique 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 click on this link https://www.lucintel.com/thermoplastic-resin-in-automotive-composites-market.aspx or helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer
solutions for you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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