Opportunities for thermoplastic composites in the European consumer market to reach $1.2 billion by 2022

According to a new market report published by Lucintel, the future of thermoplastic composites in the European consumer goods market looks promising with opportunities in circuit breakers, power tools, appliances, and furniture. Thermoplastic composites in the European consumer goods market are expected to reach an estimated $1.2 billion by 2022 and are forecast to grow at a CAGR of 2.0% from 2017 to 2022. The major drivers for the growth of this market are growing demand for consumer goods 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 appliances and furniture applications are expected to 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 European consumer goods market in value shipment because they offer versatility in processing.
By resin type, polypropylene (PP) based thermoplastic composites in the European consumer goods market are expected to remain the most widely-used thermoplastic composite by both value and volume. Polypropylene (PP) is inexpensive and a good electrical insulator, which is why demand is growing, particularly for high volume production. These beneficial properties are likely to drive the consumption of polypropylene based thermoplastic composites in the European consumer goods market over the forecast period.
Emerging trends, which have a direct impact on the dynamics of the industry, include the increasing use of thermoplastic composites in new applications and growing inter-material competition. DSM, BASF SE, SABIC, DuPont, LANXESS, Solvay, and Celanese are among the major suppliers of thermoplastic composites in the European consumer goods market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the thermoplastic composites in the European 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 European Consumer Goods Market 2017-2022.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for growth opportunities for thermoplastic composites in the European 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 137-page research report will enable you to make confident business decisions in this European 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, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.

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.

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This release was published on openPR.