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    High-Performance Thermoplastic Composites Market to Grow at 5.7% CAGR During 2019 to 2024, Says Stratview Research

    Stratview Research | 2019-10-03

    Stratview Research announces the launch of a new research report on High-Performance Thermoplastic Composites Market by End-Use Industry Type (Automotive, Electrical & Electronics, Industrial, Aerospace & Defense, Medical, Consumer Goods, and Others), by Resin Type (PPS, PAEK Family, PASU Family, PEI, HPPA, and Others), by Process Type (Injection Molding, Compression Molding, and Others), by Fiber Type (Glass-Filled Thermoplastic Composites, Carbon-Filled Thermoplastic Composites, and Other Thermoplastic Composites), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.

    This report, from Stratview Research, augments our unmatched capabilities in thermoplastics domain having published a series of exclusive reports including “Thermoplastic Resins Market in the Composites Industry”, “Thermoplastic Prepreg Market”, and “Aerospace & Defense Thermoplastic Composites Market”. This 270-page high-performance thermoplastic composites market report mainly covers PPS, PAEK Family, PASU Family, PEI, HPPA, PI, and LCP and portrays a complete 360-degree view of the market, covering 12-year analysis (trend period 2013-2018 and forecast period 2019-2024) in terms of both, value and volume. The report is designed in such a way that it offers maximum benefits to market stakeholders including thermoplastic suppliers, compounders, raw material suppliers, and investors regarding the identification of low-hanging fruits and formulation of growth strategies.  

    High-Performance Thermoplastic Composites Market: Highlights

    High-performance thermoplastic (HPTP) is the topmost triangle of thermoplastics’ pyramid and groups those thermoplastics that offer excellent temperature resistance along with exceptional mechanical performance. The definition of HPTP varies from company to company; however, all of them have similar definitions with inclusion or exclusion of either one or two thermoplastics in its list. They are either used as neat (without reinforcements) or filled with fibers/reinforcements, such as glass fibers, carbon fibers, and mineral fibers. Today, most of the end-use industries are generating greater demand for high-performance thermoplastics filled with fibers in order to address the varied requirements including high strength.

    These thermoplastic composites are extremely suitable for those applications which critically require excellent heat-resistant materials in order to sustain harsh operating environments. In comparison to standard and engineering thermoplastics, high-performance thermoplastics deliver excellent temperature stability, excellent chemical resistance, and higher mechanical properties.  When reinforced with fibers/fillers, the properties of these materials get further enhanced to meet the diverse requirements of a wide array of industries.

    HPTP composites have already earned a largely unheralded, but a significant place in the family of thermoplastic composites. As per Stratview Research, the market for high-performance thermoplastic composites is extrapolated to grow at a higher pace (5.7% vs 4.1% CAGR, 2019-2024) than other thermoplastic composites (standard and engineering thermoplastic composites), catching the attention of stakeholders to increasingly participate in the market.

    Several factors mushrooming the growth of HPTP composites are increasing automotive production coupled with increasing composites content per vehicle, organic growth of the aircraft industry coupled with higher focus towards the use of thermoplastic composites over thermoset ones, introduction of stringent regulations regarding fuel efficiency and carbon emissions; shift towards all-composite parts, rising demand for lightweight and corrosion-resistant parts; and increasing drive towards miniaturization.

    Click Here to Run Through the Detailed TOC of the Report: https://www.stratviewresearch.com/toc/542/high-performance-thermoplastic-composites-market.html

    HPTP composites are used in a wide array of industries including automotive, electrical & electronics, industrial, aerospace & defense, medical, consumer goods, etc. The mix of different HPTP composites varies from industry to industry, which is based on the requirements of strength/performance, cost of thermoplastic composites, the ability to manufacture in desired part cycle time, etc.  Currently, automotive is the biggest consumer of HPTP composites and is anticipated to maintain its leading position in the market in years to come.  Increasing production of electric vehicles coupled with a greater incorporation for lightweight materials in vehicles’ crucial regimes, stringent regulations from governing bodies such as EPA and EU commission, and growing demand for materials that can sustain harsh operating environments, such as under-the-hood applications, are the key demand boosters of  HPTP composites in the automotive industry.

    Analogously to end-use industry type, the report deeply studies the different HPTPs and their usage in different end-use industries. Polyphenylene sulfide (PPS), aromatic ketones (PAEK family), polyarylsulfone (PASU family), polyetherimide (PEI), and high-performance polyamide (HPPA) are the major HPTPs considered in the report. Polyimide (PI) and liquid crystal polymer (LCP) occupy the lion’s share in the others’ category. HPPA holds the leading position today and will remain the most dominant resin type among all HPTPs in years to come. HPPA offer various advantages such as lower cost, higher voltage, and retention of dielectric properties at elevated temperatures, which make it the preferred choice for a wide array of applications such as automotive engine coolant pumps, impellers, and valves, especially where engineering thermoplastic nylons prove to be unsuitable.

    Register Here for a Free Sample of the 270-Page Report: https://www.stratviewresearch.com/Request-Sample/542/high-performance-thermoplastic-composites-market.html

    In terms of regions, Asia-Pacific will remain attractive for the market participants as the region is likely to remain the largest demand generator of high-performance thermoplastics in the foreseen future. Large population base coupled with increasing disposable income and rapid urbanization is creating a humongous demand for the material filled with fibers. North America and Europe are the next two major consumers of the thermoplastic composites market. These regions have been the pioneer markets for most of the industries; however, maturing GDP growth coupled with an incessant shift of manufacturing facilities towards Asia is fading the demand for thermoplastics including high-performance thermoplastic composites in these regions. 

    The key players in the high-performance thermoplastic composites market are Solvay S.A.; BASF SE; SABIC; Toray Industries, Inc.; Evonik Industries AG; Arkema S.A.; and Victrex plc. All the major high-performance thermoplastic providers or compounders have different growth strategies based on their synergies, product portfolio, market reach, geographical presence, market positioning, etc.; however, some of the most common strategies adopted by most of them are higher focus towards the development of new products addressing unmet needs, to adopt more customer-centric approach rather than product-centric approach (custom-designed and application-specific products), execution of M&As to gain market share, and develop vast product portfolio covering a good blend of all three ladders of the thermoplastics’ pyramid.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    This report studies the high-performance thermoplastic composites market and has segmented the market in five ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the five ways in which the market is segmented:

    High-Performance Thermoplastic Composites Market, by End-Use Industry

    • Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electrical & Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Consumer Goods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    High-Performance Thermoplastic Composites Market, by Resin Type

    • PPS (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • PAEK Family (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • PASU Family (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • PEI (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • HPPA (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW

    High-Performance Thermoplastic Composites Market, by Process Type

    • Injection Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Compression Molding (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    High-Performance Thermoplastic Composites Market, by Fiber Type

    • Glass-Filled Thermoplastic Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Carbon-Filled Thermoplastic Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Other Thermoplastic Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    High-Performance Thermoplastic Composites Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Spain, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Stratview Research has several high value market reports in the composites industry. Please refer to the following link to browse through our reports:
    https://www.stratviewresearch.com/market-reports/Advanced-Materials.html

    Related premium market reports in the advanced materials industry are:

    Thermoplastic Resin Market in the Composites Industry by Resin Type (PP, PA, PBT, PPS, PC, and Others), by Compound Type (SFRT, LFRT, GMT, and CFRT), by End-Use Industry Type (Transportation, Consumer Goods, Electrical & Electronic, and Others), by Manufacturing Process Type (Injection Molding, Compression Molding, and Others), by Composite Type (GFRP and CFRP), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.
    High-Temperature Composite Resins Market by Resin Type (BMI, Cyanate Ester, Polyimide, Thermoplastics, and Others), by End-Use Industry Type (Aerospace & Defense, Transportation, and Others), by Manufacturing Process Type (Prepreg Layup, RTM, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.
    Flame-Retardant Resin Market in the Composites Industry by Resin Type (Phenolic Resin, Polyester Resin, Epoxy Resin, and Others), by Composites Type (Glass Composites and Others), by End-Use Industry (Aerospace & Defense, Transportation, Building & Construction, Electrical & Electronic, Marine, Pipe & Tank, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.

    About Stratview Research

    Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

    We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.

    Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. 

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