What is Global Short Fiber Reinforced Thermoplastic Composite Market?
The Global Short Fiber Reinforced Thermoplastic Composite Market is a specialized sector within the broader composite materials industry. This market focuses on the production and distribution of short fiber reinforced thermoplastic composites, which are materials made by embedding short fibers into a thermoplastic matrix. The fibers provide strength and stiffness to the composite, while the thermoplastic matrix binds the fibers together and provides shape and form to the final product. These composites are known for their high strength-to-weight ratio, excellent impact resistance, and ease of processing, making them ideal for a wide range of applications. The global market for these materials is substantial and continues to grow, driven by increasing demand from various end-use industries. However, the market is also characterized by intense competition and rapid technological advancements, requiring companies to constantly innovate and improve their products to stay competitive.
Glass Fiber, Carbon Fiber, Others in the Global Short Fiber Reinforced Thermoplastic Composite Market:
The Global Short Fiber Reinforced Thermoplastic Composite Market is segmented based on the type of fiber used, namely glass fiber, carbon fiber, and others. Glass fiber is the most commonly used type, accounting for over 60% of the market. These fibers are made from silica-based raw materials and are known for their high strength, low weight, and excellent resistance to heat, chemicals, and electricity. Carbon fibers, on the other hand, are made from carbon-based raw materials and are known for their exceptional strength and stiffness, as well as their high thermal conductivity. Other types of fibers used in this market include natural fibers (such as hemp, flax, and jute), synthetic fibers (such as nylon, polyester, and aramid), and specialty fibers (such as basalt, boron, and ceramic). Each type of fiber has its own unique properties and advantages, making them suitable for different applications.
Automotive, Aerospace/Aviation, Electrical and Electronics, Consumer Goods, Other in the Global Short Fiber Reinforced Thermoplastic Composite Market:
The Global Short Fiber Reinforced Thermoplastic Composite Market finds extensive usage in various sectors including automotive, aerospace/aviation, electrical and electronics, consumer goods, and others. In the automotive industry, these composites are used in the production of lightweight and high-strength components such as bumpers, door panels, and engine parts. In the aerospace/aviation industry, they are used in the manufacturing of aircraft structures, interiors, and engine components. In the electrical and electronics industry, these composites are used in the production of insulators, connectors, and circuit boards. In the consumer goods industry, they are used in the manufacturing of sports equipment, furniture, and appliances. Other sectors where these composites find usage include construction, marine, and energy.
Global Short Fiber Reinforced Thermoplastic Composite Market Outlook:
The global Short Fiber Reinforced Thermoplastic Composite market, which was valued at US$ 1240.4 million in 2022, is expected to grow to US$ 1427.2 million by 2029. This represents a compound annual growth rate (CAGR) of 2.0% during the forecast period from 2023 to 2029. The market is dominated by the top five manufacturers, who collectively hold a market share of over 35%. The largest segment of the market is the Glass Fiber Type, which accounts for over 60% of the total market. This data provides a snapshot of the current state of the market and its key players. However, it is important to note that the market is dynamic and subject to change, influenced by factors such as technological advancements, changing consumer preferences, and economic conditions.
| Report Metric | Details |
| Report Name | Short Fiber Reinforced Thermoplastic Composite Market |
| Accounted market size in 2023 | US$ 1240.4 million |
| Forecasted market size in 2030 | US$ 1427.2 million |
| CAGR | 2.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | BASF, DuPont, SABIC, DSM, Rhodia, Lanxess, PolyOne, Xenia, Johns Manville, SGL, RTP, Toray, Kingfa Science and Technology, Shanghai PRET Composites, Genius |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
