The global Short Fiber Reinforced Thermoplastic Composite market was valued at 109.31 Million USD in 2021 and will grow with a CAGR of 1.9% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

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.

By Market Verdors:

BASF

Dupont

SABIC

DSM

Rhodia

Lanxess

PolyOne

Xenia

Johns Manville

SGL Group

RTP

Toray

Kingfa Science and Technology

Shanghai PRET Composites

Genius

By Types:

Glass Fiber

Carbon Fiber

By Applications:

Automotive

Aerospace/Aviation

Electrical and Electronics

Consumer Goods

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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