Thermoplastic composites are popular in the European market

Issuing time:2018-09-19 16:40

According to a market report released by Lucintel, thermoplastic composites in the European consumer market are expected to grow at a compound annual growth rate of 2% from 2017 to 2022 and will reach $1.2 billion by 2022. In the European consumer market, the opportunities for thermoplastic composites in electric circuit breakers, power tools, appliances and furniture will increase significantly, with considerable prospects.

The main drivers of market growth are, on the one hand, the increased demand for thermoplastic composites on the market and the performance advantages of high-performance thermoplastics over traditional materials. These advantages include: light weight, recyclability, moisture resistance and chemical resistance.

In the European market, the products using thermoplastic composites mainly include electrical appliances, furniture, circuit breakers and power tools. After comprehensive consideration, Lucintel predicts that the use of thermoplastic composites by appliances and furniture will be above average growth during the forecast period; due to the superior performance of short fiber reinforced thermoplastic composites, it is expected to remain important in the European consumer market; Base thermoplastic composites will continue to rely on low prices and high yields to stabilize the "most widely used thermoplastic composites" title; polypropylene is inexpensive and is a good electrical insulator, in urgent need of mass production to meet market demand, these are It is the reason for its rising demand, and these excellent properties during the forecast period will greatly promote the consumption of polypropylene-based thermoplastic composites in the European consumer market.

There is a tendency to slowly emerge, that is, as competition between materials becomes more intense, thermoplastic composites are increasingly being applied to new products, a trend that will directly affect the industry dynamics of thermoplastic composites. DSM, BASF, Saudi Arabia, DuPont, LANXESS, Solvay and Celanese are all major suppliers of thermoplastic composites in the European consumer market and are bound to be affected.

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