Short Fiber Thermoplastic Composites Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Fiber Type (Glass Fiber, Carbon Fiber, and Others), Resin Type (Polypropylene, Polyamide, Polybutylene Terephthalate, and Others), Application (Aerospace and Defense, Electrical & Electronics, Transportation, Consumer Goods, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East & Africa).

Market Snapshot

Short Fiber Thermoplastic Composites Market -  Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %

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Market Overview

The global short fiber thermoplastic composites market is expected to grow at with a CAGR of greater than 5% during the forecast period. One of the major factors driving the market is the high ease of recycling and processing of the short fiber thermoplastic composites. However, high cost associated with short fiber thermoplastic composites is hindering the growth of the market studied. 

  • Another major driving factors of the market studied is growing demand from aerospace and defense industry.
  • Asia-Pacific  accounts for the highest market share and is expected to dominate the market during the forecast period.
  • Among the end-user industries, electrical & electronics industry is expected to dominate the market studied during the forecast period.

Scope of the Report

The Short Fiber Thermoplastic Composites market report includes:

Fiber Type
Glass Fiber
Carbon Fiber
Others
Resin Type
Polypropylene (PP)
Polyamide (PA)
Polybutylene Terephthalate (PBT)
Others
Application
Aerospace & Defense
Electrical & Electronics
Transportation
Consumer Goods
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East & Africa
Saudi Arabia
South Africa
Rest of Middle-East & Africa

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Key Market Trends

Electrical & Electronics Industry to Dominate the Market

  • Among the end-user industries, short fiber thermoplastic composites account for the highest market share currently.
  • In the electrical & electronics industry, short fiber thermoplastic composites are majorly used for fabrication of electrical connectors, accessories, and electronics equipment. 
  • These composites are majorly adopted for reducing the overall weight of components. Additionally, they offer properties, such as high impact resistance, increased strength, and improved durability. 
  • Hence, owing to such factors short fiber thermoplastic composites are expected to dominate the market studied during the forecast period.
Global Short Fiber Thermoplastic Composites Market

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific is expected to dominate the global short fiber thermoplastic composites market with a major share in the coming years. 
  • This is majorly because of the increasing usage in electrical & electronics sector of emerging economies, including China, India, and Indonesia. 
  • China is expected to have the largest market in the region, owing to increasing investments in the electronics sector. 
  • The growing expenditure on aerospace and defense in countries like India, China, Japan is also likely to boost the growth of market studied in the Asia-Pacific region.
  • Hence, owing to the above-mentioned reasons, Asia-Pacific is likely to dominate the market studied during the forecast period.
Short Fiber Thermoplastic Composites Market - Regional Trend

Competitive Landscape

The short fiber thermoplastic composites market is moderately fragmented as the market share is divided between many players. Key players in the market include BASF SE, LANXESS, SABIC, Solvay, and Celanese Corporation, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Ease of Recycling and Processing

      2. 4.1.2 Increasing Application Base in Aerospace and Defense

    2. 4.2 Restraints

      1. 4.2.1 High Cost of Manufacturing

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Fiber Type

      1. 5.1.1 Glass Fiber

      2. 5.1.2 Carbon Fiber

      3. 5.1.3 Others

    2. 5.2 Resin Type

      1. 5.2.1 Polypropylene (PP)

      2. 5.2.2 Polyamide (PA)

      3. 5.2.3 Polybutylene Terephthalate (PBT)

      4. 5.2.4 Others

    3. 5.3 Application

      1. 5.3.1 Aerospace & Defense

      2. 5.3.2 Electrical & Electronics

      3. 5.3.3 Transportation

      4. 5.3.4 Consumer Goods

      5. 5.3.5 Others

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 ASEAN Countries

        6. 5.4.1.6 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 France

        4. 5.4.3.4 Italy

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East & Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Arkema

      2. 6.4.2 AVANCO Group

      3. 6.4.3 BASF SE

      4. 6.4.4 Celanese Corporation

      5. 6.4.5 Dupont

      6. 6.4.6 Lanxess

      7. 6.4.7 PolyOne Corporation

      8. 6.4.8 SABIC

      9. 6.4.9 Solvay

      10. 6.4.10 Teijin Limited

      11. 6.4.11 Victrex plc

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Innovation Led by Technological Advancements

**Subject to Availability

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Frequently Asked Questions

The Short Fiber Thermoplastic Composites Market market is studied from 2016 - 2026.

The Short Fiber Thermoplastic Composites Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

BASF SE, LANXESS, SABIC, Solvay, Celanese Corporation are the major companies operating in Short Fiber Thermoplastic Composites Market.

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