Market Overview:
The global short fiber reinforced thermoplastic composite market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for lightweight and high-performance materials across various industries, such as automotive, aerospace/aviation, electrical and electronics, consumer goods, and others. In addition, the growing awareness about the benefits of using short fiber reinforced thermoplastic composites is also contributing to the growth of this market. The global short fiber reinforced thermoplastic composite market can be segmented on the basis of type into glass fiber, carbon fiber, and others. The automotive segment is expected to account for a major share of the global short fiber reinforced thermoplastic composite market in 2018.
Product Definition:
A thermoplastic composite material containing short fibers dispersed throughout the matrix. The fibers are typically much shorter than the thickness of the part, and their distribution is non-uniform. This results in a composite with improved strength and stiffness over traditional thermosets or long fiber reinforced thermoplastics (LFRT) composites.
Glass Fiber:
Glass fiber, also known as fiberglass or glass wool, is a type of man-made mineral fibers that are made from raw materials such as silica and other materials. Glass fibers are extensively used in various industries including construction, automotive & transportation and marine on account of its properties such as high tensile strength but with low weight which makes it suitable for use in making composites.
Carbon Fiber:
Carbon fiber (CF) is a material made from carbon atoms that are bonded together in crystals. Carbon fibers are different than the other polymer fibers because they have more carbon atoms and are stronger. The strength of CF depends on the size of the fiber; the larger,the better. The most common types of CF used for manufacturing composite materials include aramid and CFRP (Cross-linked Polyethylene).
Application Insights:
Automotive, aerospace/aviation, consumer goods and other are the major application segments. In 2017, automotive dominated the global market with a share of over 40% in terms of revenue. The segment is expected to witness significant growth on account of increasing demand for lightweight vehicles with better performance and energy efficiency.
The use of short fiber reinforced thermoplastic composites in aircraft has been gaining traction since their introduction due to their light weight which results in lower fuel costs as well as reduces emissions significantly compared to conventional aircraft materials such as aluminum alloys and titanium alloys. Moreover, they also have a higher strength-to-weight ratio which enables them to serve longer without being repaired or replaced; this factor is expected to drive product demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia, Malaysia Philippines Singapore and Vietnam. These countries are witnessing strong economic growth owing to various factors such as increasing disposable income of consumers and rapid urbanization & industrialization. Moreover, these countries have a large number of automotive manufacturers who are increasingly focusing on developing lightweight vehicles with superior strength properties that can withstand harsh climatic conditions for prolonged periods.
The Asia Pacific was followed by Europe which accounted for a share of 25% in terms of revenue in 2017 due mainly to high R&D investments by major aerospace companies along with government support aimed at promoting new manufacturing facilities within European Union (EU). For instance; Airbus S.A.
Growth Factors:
- Increasing demand from the automotive industry for lightweight and fuel-efficient vehicles
- Growing demand for short fiber reinforced thermoplastic composites in construction and infrastructure projects
- Rising popularity of short fiber reinforced thermoplastic composites in electrical and electronics applications
- Increasing use of short fiber reinforced thermoplastic composites in medical devices and implants
- Growing demand for short fiber reinforced thermoplastic composites from the aerospace industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Short Fiber Reinforced Thermoplastic Composite Market Research Report
By Type
Glass Fiber, Carbon Fiber, Others
By Application
Automotive, Aerospace/Aviation, Electrical and Electronics, Consumer Goods, Other
By Companies
BASF, Dupont, SABIC, DSM, Rhodia, Lanxess, PolyOne, Xenia, Johns Manville, SGL Group, RTP, Toray, Kingfa Science and Technology, Shanghai PRET Composites, Genius
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Short Fiber Reinforced Thermoplastic Composite Market Report Segments:
The global Short Fiber Reinforced Thermoplastic Composite market is segmented on the basis of:
Types
Glass Fiber, Carbon Fiber, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Aerospace/Aviation, Electrical and Electronics, Consumer Goods, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Dupont
- SABIC
- DSM
- Rhodia
- Lanxess
- PolyOne
- Xenia
- Johns Manville
- SGL Group
- RTP
- Toray
- Kingfa Science and Technology
- Shanghai PRET Composites
- Genius
Highlights of The Short Fiber Reinforced Thermoplastic Composite Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Glass Fiber
- Carbon Fiber
- Others
- By Application:
- Automotive
- Aerospace/Aviation
- Electrical and Electronics
- Consumer Goods
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Short Fiber Reinforced Thermoplastic Composite Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Short fiber reinforced thermoplastic composite (SFRTC) is a type of plastic that is made up of short fibers that are bonded together with a thermoset resin. The short fibers make the material strong and resistant to breaking, while the thermoset resin makes it heat-resistant and durable.
Some of the major players in the short fiber reinforced thermoplastic composite market are BASF, Dupont, SABIC, DSM, Rhodia, Lanxess, PolyOne, Xenia, Johns Manville, SGL Group, RTP, Toray, Kingfa Science and Technology, Shanghai PRET Composites, Genius.
The short fiber reinforced thermoplastic composite market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Short Fiber Reinforced Thermoplastic Composite Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Short Fiber Reinforced Thermoplastic Composite Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Short Fiber Reinforced Thermoplastic Composite Market - Supply Chain
4.5. Global Short Fiber Reinforced Thermoplastic Composite Market Forecast
4.5.1. Short Fiber Reinforced Thermoplastic Composite Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Short Fiber Reinforced Thermoplastic Composite Market Size (000 Units) and Y-o-Y Growth
4.5.3. Short Fiber Reinforced Thermoplastic Composite Market Absolute $ Opportunity
5. Global Short Fiber Reinforced Thermoplastic Composite Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Short Fiber Reinforced Thermoplastic Composite Market Size and Volume Forecast by Type
5.3.1. Glass Fiber
5.3.2. Carbon Fiber
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Short Fiber Reinforced Thermoplastic Composite Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Short Fiber Reinforced Thermoplastic Composite Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Aerospace/Aviation
6.3.3. Electrical and Electronics
6.3.4. Consumer Goods
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Short Fiber Reinforced Thermoplastic Composite Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Short Fiber Reinforced Thermoplastic Composite Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Short Fiber Reinforced Thermoplastic Composite Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Short Fiber Reinforced Thermoplastic Composite Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Short Fiber Reinforced Thermoplastic Composite Demand Share Forecast, 2019-2029
9. North America Short Fiber Reinforced Thermoplastic Composite Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Short Fiber Reinforced Thermoplastic Composite Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Short Fiber Reinforced Thermoplastic Composite Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Aerospace/Aviation
9.4.3. Electrical and Electronics
9.4.4. Consumer Goods
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Short Fiber Reinforced Thermoplastic Composite Market Size and Volume Forecast by Type
9.7.1. Glass Fiber
9.7.2. Carbon Fiber
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Short Fiber Reinforced Thermoplastic Composite Demand Share Forecast, 2019-2029
10. Latin America Short Fiber Reinforced Thermoplastic Composite Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Short Fiber Reinforced Thermoplastic Composite Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Short Fiber Reinforced Thermoplastic Composite Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Aerospace/Aviation
10.4.3. Electrical and Electronics
10.4.4. Consumer Goods
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Short Fiber Reinforced Thermoplastic Composite Market Size and Volume Forecast by Type
10.7.1. Glass Fiber
10.7.2. Carbon Fiber
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Short Fiber Reinforced Thermoplastic Composite Demand Share Forecast, 2019-2029
11. Europe Short Fiber Reinforced Thermoplastic Composite Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Short Fiber Reinforced Thermoplastic Composite Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Short Fiber Reinforced Thermoplastic Composite Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Aerospace/Aviation
11.4.3. Electrical and Electronics
11.4.4. Consumer Goods
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y GrowthProjections by Application
11.7. Europe Short Fiber Reinforced Thermoplastic Composite Market Size and Volume Forecast by Type
11.7.1. Glass Fiber
11.7.2. Carbon Fiber
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Short Fiber Reinforced Thermoplastic Composite Demand Share, 2019-2029
12. Asia Pacific Short Fiber Reinforced Thermoplastic Composite Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Short Fiber Reinforced Thermoplastic Composite Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Short Fiber Reinforced Thermoplastic Composite Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Aerospace/Aviation
12.4.3. Electrical and Electronics
12.4.4. Consumer Goods
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Short Fiber Reinforced Thermoplastic Composite Market Size and Volume Forecast by Type
12.7.1. Glass Fiber
12.7.2. Carbon Fiber
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Short Fiber Reinforced Thermoplastic Composite Demand Share, 2019-2029
13. Middle East & Africa Short Fiber Reinforced Thermoplastic Composite Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Short Fiber Reinforced Thermoplastic Composite Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Short Fiber Reinforced Thermoplastic Composite Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Aerospace/Aviation
13.4.3. Electrical and Electronics
13.4.4. Consumer Goods
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Short Fiber Reinforced Thermoplastic Composite Market Size and Volume Forecast by Type
13.7.1. Glass Fiber
13.7.2. Carbon Fiber
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Short Fiber Reinforced Thermoplastic Composite Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Short Fiber Reinforced Thermoplastic Composite Market: Market Share Analysis
14.2. Short Fiber Reinforced Thermoplastic Composite Distributors and Customers
14.3. Short Fiber Reinforced Thermoplastic Composite Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Dupont
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SABIC
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DSM
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Rhodia
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lanxess
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. PolyOne
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Xenia
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Johns Manville
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SGL Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. RTP
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Toray
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Kingfa Science and Technology
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Shanghai PRET Composites
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Genius
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
