Overview:

The global thermoplastics market is valued for more than US$ XXX.X Mn in 2020 and expected to reach a value of US$ XXX.X Mn by 2030 with a significant CAGR of around XX.X% over the forecast period of 2021-2029. The thermoplastics is a type of polymers that are melted and softened by heating process. Thermoplastic material becomes soft while heating and becomes hard after cooling.

Market Dynamics:

Growing demand for lightweight materials from the transportation and automotive industry is a key factor driving growth of the global thermoplastics market. Also, rising demand for lightweight materials from aerospace industry is another factor supporting the growth of the global market.

Key Trends:

Detailed key trends are covered in the report including technological advancements and key strategies of key players operating in the target market area.

Regional Analysis:

For detailed understanding of market dynamics, the global thermoplastics market is analyzed across key regions viz. the North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market has dominated the target market with highest market share in 2020.

However, the target market in Asia Pacific region is expected to witness strong growth during the forecast period.

Scope of the Report:

Detailed Segmentation:

Global Thermoplastics Market, By Fiber Type:

• Glass
• Carbon
• Mineral
• Other Fiber Types

Global Thermoplastics Market, By Product Type:

• Commodity Thermoplastics
  • Polyethylene
  • Polypropylene
  • Other Commodity Thermoplastics
• Engineering Thermoplastics
  • Polyamide
  • Polycarbonates
  • Polyethylene Terephthalate
  • Other Engineering Thermoplastics
• High Performance Thermoplastics
  • Polytetrafluoroethylene
  • Polyether Ether Ketone
  • Other High-Performance Thermoplastics
• Other Product Types

Global Thermoplastics Market, By End Use Vertical:

• Automotive
• Consumer Goods & Electronics
• Sports & Leisure
• Construction
• Aerospace & Defense
• Packaging
• Other End Use Vertical

Global Thermoplastics Market, By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players Covered:

Key players operating in the global thermoplastics market includes BASF SE, Asahi Kasei Corporation, Celanese Corporation, 3M Company, Covestro AG., Daicel Corporation, Eastman Chemical Company, Evonik Industries AG, LG Chem Ltd., and Polyplastics Co., Ltd.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Thermoplastics Market by fiber type, product type, end use vertical, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2021 – 2029, considering 2020 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global thermoplastics market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.