Global Service Analytics Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Service Analytics Market 2021 (Includes Business Impact of COVID-19)
Global Thermoplastic Composites Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global thermoplastic composites market report has been segmented on the basis of product type, fiber type, resin type, application, and region.
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The global Thermoplastic Composites market size was valued at USD$19.97 billion in 2020 and is projected to reach USD $34.30 billion by 2030, and is anticipated to expand at a CAGR of 5.70% over the forecast period from 2020 to 2030.


Global Thermoplastic Composites Market: Overview


Thermoplastic composites are made from combination of two or more materials that have different properties in order to form a plastic material. Thermoplastic Composites are used as an alternative to thermoset composites and metals such as steel and aluminum with outstanding characteristics. These composites can be transformed and recycled by heating or melting it. Thermoplastic composites used in the automotive, aerospace, and construction industries because of its flexibility and lightweight with high impact strength, low density, ability to reform, corrosion resistant and others.


Global Thermoplastic Composites Market: Dynamics


Growing demand for thermoplastic composites in automotive industry, owing to its use in manufacturing of bumper beams, spare wheel well, seating structures, and others, is a major factor estimated to drive growth of the global thermoplastic composites market. In addition, rising demand for thermoplastic composites in aerospace & defense owing to its excellent characteristics such as lightweight, high impact strength, corrosion resistant, durability, and others is anticipated to support growth of target market. Furthermore, increasing demand for thermoplastic composites in various end-use industries such as construction, electronics & electrical, and consumer goods, owing to its flexibility, insulation, fatigue resistance, and other properties, which is expected to fuel growth of the potential market over the long run.

However, high product cost is anticipated to hamper growth of the target market over the forecast period. In addition, reprocessing of these composites is a factor expected to challenge growth of the target market in the next coming years.


Global Thermoplastic Composites Market: Segment Insights


Among product type, the short fiber segment is estimated to account for significant revenue share in the target market. Among fiber type, the glass fiber segment is expected to register major revenue share whereas the carbon fiber segment is expected to witness fastest growth rate in the potential market over the long run.

Among resin type, the polypropylene resin segment is expected to hold highest revenue share in the target market in the next coming years. Among application, the electrical & electronics segment is anticipated to witness major revenue share contribution in the target market.


Global Thermoplastic Composites Market: Region Insights


Asia Pacific market is expected to hold significant revenue share contribution and is projected to grow at a rapid rate in the target market. This is attributed to growing demand of these composites in automotive, consumer goods, electronics, and other applications in countries in the region. The thermoplastic composites market in North America is estimated to witness moderate revenue growth over the forecast period. Increasing government investments in automotive and aerospace & defense sectors in the region is another factor expected to support revenue growth in the North America market.


Below are the active patents related to Thermoplastic Composites Market.


Patent Number: US20110097575A1

Thermoplastic Composites and Methods of Making and Using Same

Abstract

Thermoplastic composites having a core composite layer including a fibrous substrate and one or more high performance polymer, and a surface layer polymer applied to at least one surface of the core composite layer, which forms a polymer blend with the high performance polymer thereby imparting improved toughness and processing times, and methods for making and using same, are provided herein.

Application File Date: 2010-09-21

Application Granted Date: 2012-04-17

Current Assignee: Cytec Technology Corp

Patent Number: US20150367533A1

Method for producing a natural fiber-reinforced plastic part

Abstract

The invention relates to a method for producing a natural fiber-reinforced plastic part, wherein as the starting material natural fibers 5-120 mm in length, a thermoplastic and/or a duroplastic and a lubricant, especially wax, are pelletized without extrusion into long-fiber pellets by cold-forming and the long-fiber pellets are then feed for direct processing into a standard injection molding machine for injecting the plastic part.

Application File Date: 2015-06-15

Application Granted Date:2017-03-21

Current Assignee: HIB Trim Part Solutions GmbH

Patent Number: US9650728B2

Processing method for fiber material used to form biocomposite component

Abstract

The present invention is directed to plant fiber-reinforced biocomposite thermoplastic and/or resin compositions and a method for reinforcing thermoplastic resins. The present invention provides a use for the cellulose portion of a plant material, which is the portion left over after processing the selected plant materials to separate the cellulose in a mechanical process that does not damage the internal molecular structure of the cellulose fraction, enabling the cellulose fraction to chemically bond with the thermoplastic resin to enhance the reinforcement of the resin or thermoplastic biocomposite composition.

Application File Date: 2013-11-22

Application Granted Date: 2017-05-16

Current Assignee: CNH Industrial Canada Ltd

Global Thermoplastic Composites Market Segmentation:

By Business Application:

  
Field service analytics
  
Customer service analytics
  
(IT) service analytics

By Component:

  
Solution
  
Services

By Deployment Model:

  
On-premises
  
Cloud

By Organization Size:

  
Small and Medium-sized Enterprises (SMEs)
  
Large enterprises

By Industry Vertical:

  
BFSI
  
Retail and e-Commerce
  
Healthcare
  
Government and defense
  
Telecommunications
  
Manufacturing
  
Energy and utilities
  
Others (education, automotive, media and entertainment, and travel and hospitality)


Key Market Players included in the report:


  
Arkema
  
AVANCO GmbH
  
BASF SE (Germany)
  
Celenase Corporation (US)
  
Daicel Corporation
  
DIEFFENBACHER GMBH Maschinen- und Anlagenbau
  
DoWDuPont (US),
  
DSM
  
Hexcel Corporation
  
Lanxess AG (Germany)
  
Mitsubishi Chemical Advanced Materials (Japan)
  
Polyone Corporation (US),
  
SABIC (Saudi Arabia)
  
SGL Carbon
  
SGL Group (Germany)
  
Solvay S.A. (Belgium)
  
TechnoCompound GmbH
  
TEIJIN LIMITED
  
Toray Industries Inc. (Japan)


Below are the key development related to Thermoplastic Composites Market in 2020 and 2021.


July 2021: Arkema Partners with Additive Manufacturing Tech Firm. Arkema is expanding its partnership with Continuous Composites, a US-based developer of Continuous Fiber 3D Printing (CF3D) technology. Performance materials and chemicals firm Arkema is making an investment in the US-based developer of Continuous Fiber 3D Printing technology (CF3D), Continuous Composites, to expand development of additive manufacturing composite manufacturing, a company release announced Monday. Continuous Composites offers a complete solution for composite manufacturing, including software, hardware, materials, and motion platforms. The CF3D system is unique in that it uses high-performance thermosets resins to design and produce composites. Source

May  2021: Teledyne CML Composites Makes Significant Investment in Thermoplastic Processing Capability in Conjunction with the National Composites Centre. BROMBOROUGH, England--Advanced composites manufacturer Teledyne CML Composites has completed a significant investment in a new Thermoplastic processing cell developed in conjunction with the UK’s National Composites Centre (NCC). The new processing cell utilizes two press and oven systems offering IR heating, platen heating, and a maximum force of 400 tons. The processing cell is capable of processing multiple aerospace, high performance reinforced Thermoplastics such as PEEK, PEKK, PPS, and PEI. The new Thermoplastic processing cell provides a significant capacity increase at Teledyne CML Composites to support the continued growth of the commercial and defence aerospace composites manufacturer. Source

March 2021: BÜFA Thermoplastic Composites offers B-PREG natural fiber-based semi-finished products Portfolio expanded to include flax fiber/polypropylene UD prepreg tapes, woven prepregs and flax fabrics. Reducing environmental impact is increasingly gaining importance for companies worldwide. As a result, the demand for natural fibers in composites is growing. As a supplier of raw materials and semi-finished products for the production of lightweight thermoplastic components, BÜFA Thermoplastic Composites (Oldenburg, Germany) has recognized this trend. To meet this increasing demand sustainable materials, BÜFA Thermoplastic Composites will cooperate with B-PREG (Izmir, Turkey), a supplier of natural fiber-based composites, to offer unidirectional (UD) prepregs tapes, woven prepregs and woven dry fabrics made using flax fiber and polypropylene polymer. Source

March 2021: Saint-Gobain invests in Continuous Composites for CF3D commercialization. Strategic investment is an initiative of NOVA, Saint-Gobain’s venture arm, to pursue Continuous Fiber 3D Printing growth. Continuous Composites (Coeur dAlene, Idaho, U.S.) announced on March 17 that Saint-Gobain (Courbevoie, France), a multinational manufacturer and distributor of high-performance materials invested in the company for the development and commercialization of Continuous Composites’ patented technology, Continuous Fiber 3D Printing (CF3D). In parallel to the investment, the two companies executed a joint development agreement for the commercialization of CF3D. CF3D combines high performance continuous fiber with rapid curing thermoset resins to enable affordable manufacturing of complex composite structures. Continuous Composites says CF3D is an industry agnostic automated solution comprised of configurable hardware, proprietary software and tailorable materials solutions for strong, lightweight applications. Source

February 2021: MaruHachi installs new UD tape line for high-end applications New focus on high-temperature thermoplastic tapes and multi-layer sheet laminates for aerospace, automotive and other demanding market segments. With a recently installed high-temperature unidirectional (UD) tape line, composites manufacturer MaruHachi (Fukui, Japan) says it enables new opportunities for high-end applications in demanding market segments like aerospace, automotive, or others outperforming traditional materials based on polypropylene (PP) and PA. With a more specific focus on high-temperature thermoplastic UD tapes and multi-layer sheet laminates, MaruHachi says it will produce up to 40 tons per year in the first phase. The material is based on high-performance fibers— carbon, aramid, glass, or natural fibers — with a high-performance polymer matrix — PPS, PEEK, or other high-temperature polymers — which are tougher than epoxies and easy to recycle. With a width of 500 millimeters, and a specific weight ranging from 60-350 grams per square meter, MaruHachi says the lines can operate under temperatures up to 420ºC, depending on the material chosen. The results include better material properties, higher performance, increased resistance and integrated high-performance functionalities. Source

January 2021: Suprem SA begins new pultrusion line production. Highly automated manufacturing line processes continuous fibers with high-performance thermoplastics for tapes, profiles and rods. Suprem SA (Yverdon-les-Bain, Switzerland) reported on Jan. 25 that it is leveraging its decades of thermoplastic composite materials into a new pultrusion line.The company says the advanced machinery enables the combining of continuous fibers (carbon, glass and aramid fibers) with high-performance thermoplastics (PA to PAEKs) into rods and profiles. The pultrusion line and its dedicated production hall are said to fulfill stringent requirements in terms of cleanliness, manufacturing process validation and quality control. Both assets are qualified for medical applications and can be used for other demanding markets. Source 

November 2020: Turkish Aerospace and Boeing partner to produce thermoplastic composites. Turkish Aerospace has announced a partnership with Boeing as part of its continued effort to develop high-tech products locally. The partnership aims to develop thermoplastic manufacturing capability in Turkey. As part of this collaboration, Boeing will provide technical support for Turkish Aerospace to establish a facility for the production of thermoplastic materials for the aerospace industry. These light weight, energy efficient thermoplastic parts, will be produced in a fully automated production facility. Source