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 decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $1.1 billion by 2025 with a CAGR of 0.5% to 2.5% from 2020 to 2025. 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.
Browse 24 Market Data Tables and 56 Figures spread through 98 Pages and in-depth TOC on "Stretchable and Conformal Electronics Market - Global Forecast to 2025" http://www.lucintel.com/thermoplastic-composites-in-european-consumer-good.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 appliances and furniture applications are expected to show above average growth during the forecast period.
Early buyers will receive 10% customization on this report
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.
Download PDF Brochure @ http://www.lucintel.com/rb/thermoplastic-composites-in-european-consumer-good.aspx
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.
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 2014 to 2025]:
Circuit Breakers
Power Tools
Appliances
Furniture
Others
By resin type [volume (M lbs) and Value ($ Million) from 2014 to 2025]:
Polyamide (PA)
Polypropylene (PP)
Polybutylene terephthalate (PBT)
Others
By material type [volume (M lbs) and Value ($ Million) from 2014 to 2025]:
Short Fiber Thermoplastics (SFT)
Long Fiber Thermoplastics (LFT)
Others
Download Free Sample@ http://www.lucintel.com/ds/thermoplastic-composites-in-european-consumer-good.aspx
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 click on this link http://www.lucintel.com/toc/thermoplastic-composites-in-european-consumer-good.aspx or helpdesk@lucintel.com.
Subscribe Reports from Composites Reports Domain @ http://www.lucintel.com/reports/composites-market-report.aspx
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.
Current Press Releases of Lucintel @ http://www.lucintel.com/press-release.aspx
Visit Our Blog@ http://www.lucintel.com/blog/
Connect with us on LinkedIn here https://www.linkedin.com/company/lucintel?trk=top_nav_home