Irving, Texas (PRWEB) July 23, 2012
Transportation, the largest market for TPC is expected to drive the global thermoplastic composites market over the next five years.The global thermoplastic composites market is expected to witness a CAGR of 4.9% over the next five years and reach an estimated $8.2 billion in 2017.
Lucintel, a leading global management consulting and market research firm, has analyzed the global thermoplastic composites market and presents its findings in “Opportunities in Global Thermoplastic Composites: 2012-17 Trends and Forecast Analysis.”
The use of thermoplastic composites is growing in applications where weight savings, fuel savings, and other performance benefits are critical. Nevertheless, cost continues to be a limiting factor for developing new applications. The automotive sectors in the United States and Western Europe are expected to depict steady growth in next five years due to the acceptance of new composites applications; however, growth in global automotive will be driven by the Asian and Eastern European markets. It is expected that consumer goods will provide strong impetus through 2017, which is reflected in the continued positive trends in Asia.
Lucintel’s research indicates that the key driver behind this growth is the rise in shipments of electrical and electronics and automotive applications that utilize SFT and LFT materials. In addition, product developments that improve SFT’s performance will enable SFT to penetrate further into applications such as fuel tanks and conductive electrical applications. The study indicates that although gains will be limited by rising energy costs and competition from lower cost materials,there is significant opportunity in emerging economies such as China, Russia, Brazil, and India due to higher auto production and increasing penetration of TPC in autos built in these regions.
This detailed research report contains industry background and characteristics, competitive analysis, market trends and forecast, growth opportunities for TPC and many other elements, all of which can help make business decisions in this globally competitive and growing marketplace. All four forms of thermoplastic materials such as LFT, SFT, GMT, and CFRT are detailed in this report.
For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.