Global Short Fiber Reinforced Thermoplastic Composite Market Growth 2019-2024

Short fiber reinforced thermoplastic composite is a composite material made of a thermoplastic resin reinforced with short fibers. A thermoplastic plastic is a polymer that becomes pliable or moldable above a specific temperature and solidifies upon cooling. Fiber reinforcement in thermoplastic has three basic forms: short fiber, long fiber, and short fiber. The fibers are usually glass, carbon, and aramid. The thermoplastic resin is usually PA, PP, and PBT. Short fiber reinforced thermoplastic composite are commonly used in Aerospace/Aviation/Aviation, automotive, marine, consumer goods, electrical and electronics.
In terms of volume, the production of Short Fiber Reinforced Thermoplastic Composite was about 5356 K MT in 2016. And it is anticipated to reach 7501 K MT by 2022.

Europe is the dominate producer of Short Fiber Reinforced Thermoplastic Composite, the production was 1835 K MT in 2016, accounting for about 34.26% of the total amount, followed by North America, with the production market share of 29.95%. China has the highest production growth rate of 8.28% from 2012 to 2016. Even though a huge space for growth in the Chinese market exists, the quality and technology should be further improved.

Leading players in Short Fiber Reinforced Thermoplastic Composite industry are BASF, Dupont, SABIC, Rhodia. BASF is the largest manufacturer, with the production market share of 9.17% in 2016. The top four companies occupied about 30.88% production share of the market in 2016.

Automotive accounted for the largest market with about 32.71% of the global consumption volume for Short Fiber Reinforced Thermoplastic Composite in 2016. Moreover, it is anticipated to grow at a CAGR of 5.83% from 2017 to 2022. With over 24.84% share in the Short Fiber Reinforced Thermoplastic Composite market, Aerospace/Aviation was the second largest application market in 2016, and is anticipated to grow at a CAGR of 5.88%, in terms of consumption volume, from 2017 to 2022.

Under the influence of raw material, market competitions and economic conditions, the price of Short Fiber Reinforced Thermoplastic Composite was lower year by year from 2439 $/MT in 2012 to 2095 $/MT in 2016. In the next few years, we predict that price will continue to decline. As competition intensifies, prices gap between different brands will go narrowing.



According to this study, over the next five years the Short Fiber Reinforced Thermoplastic Composite market will register a 1.9% CAGR in terms of revenue, the global market size will reach US$ 1280 million by 2024, from US$ 1140 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Short Fiber Reinforced Thermoplastic Composite business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Short Fiber Reinforced Thermoplastic Composite market by product type, application, key manufacturers and key regions and countries.

This study considers the Short Fiber Reinforced Thermoplastic Composite value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Glass Fiber
Carbon Fiber
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Automotive
Aerospace/Aviation
Electrical and Electronics
Consumer Goods
Other

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
BASF
Dupont
SABIC
DSM
Rhodia
Lanxess
PolyOne
Xenia
Johns Manville
SGL Group
RTP
Toray
Kingfa Science and Technology
Shanghai PRET Composites
Genius

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Short Fiber Reinforced Thermoplastic Composite consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Short Fiber Reinforced Thermoplastic Composite market by identifying its various subsegments.
Focuses on the key global Short Fiber Reinforced Thermoplastic Composite manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Short Fiber Reinforced Thermoplastic Composite with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Short Fiber Reinforced Thermoplastic Composite submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.