Irving, TX (PRWEB) May 29, 2012
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. Transportation is the largest market for TPC and is expected to drive the market over the forecast period.
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.”
Lucintel’s research indicates that 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.
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 this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com.
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