Trends, opportunities and forecast in this market to 2022 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)
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.
Browse 48 Market Data Tables and 57 Figures spread through 140 Pages and in-depth TOC on "Stretchable and Conformal Electronics Market - Global Forecast to 2022" www.lucintel.com/thermoplastic-com…sumer-goods.aspx
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.
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
By resin type [volume (M lbs) and Value ($ Million) from 2011 to 2022]:
- Polyamide (PA)
- Polypropylene (PP)
- Polybutylene terephthalate (PBT)
By material type [volume (M lbs) and Value ($ Million) from 2011 to 2022]:
- Short Fiber Thermoplastics (SFT)
- Long Fiber Thermoplastics (LFT)
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