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Opportunities for thermoplastic composites in the Asian consumer goods market to reach $1.5 billion by 2022 -USD 75,039

Publish Date: 12-07-2018 07:17:34 | Contact name: Lucintel | Location: USA | Place: Lucintel, 8951 Cypress Waters Blvd., Suite 160, Dallas, TX 75019 | 1 times displayed |



According to
a new market report published by Lucintel, the future of thermoplastic
composites in the Asian consumer goods market looks promising with
opportunities in circuit breakers, power tools, appliances, and furniture
applications. Thermoplastic composites in the
Asian consumer goods market are expected to reach an estimated $1.5 billion by 2022 and grow at a CAGR
of 4.3% from 2017 to 2022. The
major drivers for the growth of this market are growing demand for consumer
goods in the region and performance benefits of reinforced thermoplastics over
traditional materials; these benefits include weight savings, recyclability,
and resistance to moisture and chemicals.



In this
market, appliances, furniture, circuit breakers, and power tools are the major
end use applications. On the basis
of comprehensive research, Lucintel forecasts that the power tools, appliances
and circuit breaker applications will show above average growth during the
forecast period.



By material type, short fiber reinforced
thermoplastic (SFT) composites are expected to remain the largest market for
thermoplastic composites in the Asian consumer goods market in value shipment
because they offer versatility in processing.



By resin
type, polyamide (PA) based thermoplastic composites and polypropylene (PP)
based thermoplastic composites in the Asian consumer goods market are expected
to remain the most widely-used thermoplastic composites by value and volume
respectively. Polyamide (PA) exhibits excellent mechanical properties, such as
stiffness and toughness to avoid problems associated with heat distortion,
temperature creep, and fatigue resistance. On the other hand, Polypropylene
(PP) is inexpensive and has good electrical insulator, which is augmenting its demand,
particularly for high volume production. These beneficial properties are likely
to drive the consumption of polyamide and polypropylene based thermoplastic
composites in the Asian consumer goods market over the forecast period by value
and volume respectively.



Emerging
trends, which have a direct impact on the dynamics of the industry, include continuous
innovation and development of new products and applications and establishment
of manufacturing facilities in high growth markets. SABIC, DSM, BASF SE,
DuPont, and Solvay are among the major suppliers of
thermoplastic composites in the Asian consumer goods market.



Lucintel, a leading
global strategic consulting and market research firm, has analyzed growth
opportunities for thermoplastic composites in the Asian consumer goods market
by application, resin type, and material type. Lucintel has prepared a
comprehensive research report entitled
Growth
Opportunities for Thermoplastic Composites in the Asian Consumer Goods Market
2017-2022
.” The Lucintel report serves as a catalyst for growth strategies
by providing comprehensive data and an analysis on trends, key drivers, and
directions. The study includes the forecast for growth opportunities for
thermoplastic composites in the Asian consumer goods market by application, resin type, and material
type, as follows:



By application [Volume (M lbs) and Value ($
Million) from 2011 to 2022]:



· Circuit
Breakers



· Power Tools



· Appliances



· Furniture



· Others



By resin type
[volume (M lbs) and Value ($ Million) from 2011 to
2022]:



· Polyamide
(PA)



· Polypropylene
(PP)



· Polybutylene
terephthalate (PBT)



· Others



By material
type [volume (M lbs) and Value ($ Million) from 2011 to
2022]:



· Short Fiber
Thermoplastics (SFT)



· Long Fiber
Thermoplastics (LFT)



· Others



This
140-page research report will enable you to make confident business decisions
in this Asian competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel
offerings include advanced
materials reports
, composite
materials market report
, strategic
growth consulting
, market research due
diligence
and business
strategy consulting
.





About Lucintel



Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.



This report answers the following 10 key
questions:



Q.1. What are some of the most promising,
high-growth opportunities for thermoplastic composites in the Asian consumer
goods market by application (circuit breakers, power tools, appliances,
furniture, and others), resin type (Polyamide (PA), Polypropylene (PP),
Polybutylene terephthalate (PBT), and others), material type (Short Fiber
Thermoplastics (SFT), Long Fiber Thermoplastics (LFT), and others)?



Q.2. Which application segments will grow at a faster
pace at what rate and why?



Q.3. What are the key factors affecting
market dynamics? What are the drivers, challenges, and business risks in this
market?



Q.4. What are the business risks and
competitive threats in this market?



Q.5. What are emerging trends in this market and the reasons
behind them?



Q.6. What are some of the changing demands of customers
in the market?



Q.7. What are the new developments in the
market and which companies are leading these developments?



Q.8. Who are the major players in this
market? What strategic initiatives are being taken by key companies for
business growth?



Q.9. What are some of the competing products in this
market and how big of a threat do they pose for loss of market share by product
substitution?



Q.10. What
M&A activities have occurred in the last 5 years in this market?





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