According to a new market report published by Lucintel, the future of filled thermoplastic composites in European consumer goods market looks promising with opportunities in the consumer appliances, electrical & electronics, and power tools markets. The filled thermoplastic composites in European consumer goods market is expected to reach an estimated $3.0 billion by 2027 with a CAGR of 4.5% from 2021 to 2027.
Browse 65 market data tables and 67 figures spread through 241 pages and in-depth TOC on “Filled Thermoplastic Composites in European Consumer Goods Market"
The major drivers for this market are growing demand for consumer goods, increasing use of plastic components to reduce the part weight, shorter molding cycle times and an infinite shelf life compared to thermosets, and replacement of traditional materials.
In this market, polyamide, polypropylene, polybutylene terephthalate, and polycarbonate are the major type of thermoplastic resin in filled thermoplastic composites in European consumer goods. Lucintel forecasts that polypropylene resin based filled thermoplastics will remain the largest segment and it is expected to witness the highest growth over the forecast period due to the growing use of lightweight materials and comparatively lower cost than other thermoplastic resins.
Within filled thermoplastic composites in European consumer goods market, electrical & electronics will remain the largest application over the forecast period due to the mechanical properties like strength, heat resistance, and low water absorption. Consumer appliances segment is expected to witness highest growth over the forecast period due to the increasing demand for lightweight plastic materials.
Emerging trends, which have a direct impact on the dynamics of the European consumer goods industry, include continuous innovation and development of new products with higher thermal stability, and growing inter-material competition. LyondellBasell, Borealis AG , Ravago , TASNEE, and DowDuPont are among the major suppliers of filled thermoplastic composites in European consumer goods
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the filled thermoplastic composites in European consumer goods market by application, resin type, and material type. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Filled Thermoplastic Composites in European Consumer Goods Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the filled thermoplastic composites in European consumer goods market by application, resin type, and material type as follow:
By Material Type [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
•Mineral Filled Thermoplastic
•Reinforced Thermoplastic
By Application [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
•Mineral Filled Thermoplastic
oConsumer Appliances
?Refrigerators
?Washing Machines
?Microwaves
?Dishwashers
?Other Appliances
oElectrical & Electronics
?Circuit Breakers
?Consumer Electronics
?Other Electrical & Electronics
oPower Tools
oOther Applications
•Reinforced Filled Thermoplastic
oConsumer Appliances
?Refrigerators
?Washing Machines
?Microwaves
?Dishwashers
?Other Appliances
oElectrical & Electronics
?Circuit Breakers
?Consumer Electronics
?Other Electrical & Electronics
oPower Tools
oOther Applications
By Resin Type [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
•Polypropylene
•Polyamide
•Polybutylene Terephthalate (PBT)
•Polycarbonate
•Others
This 241-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/filled-thermoplastics-in-european-consumer-goods-market.aspx or write us at helpdesk@lucintel.com.
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.
This report answers following 10 key questions:
Q.1 What are some of the most promising, high-growth opportunities for filled thermoplastics in the European consumer goods market by application (consumer appliances, electrical & electronics, power tools, and others), material type (mineral filled, and reinforced), and resin type (polypropylene, polyamide, polybutylene terephthalate (PBT), polycarbonate, and others)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.4 What are the business risks and threats to the market?
Q.5 What are the emerging trends in this market and the reasons behind them?
Q.6 What are the changing demands of customers in the market?
Q.7 What are the new developments in the market? Which companies are leading these developments?
Q.8 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.10 What M & A activities have taken place in the last 5 years in this market?