Report Code: A12112 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Automotive Thermoplastic Resin Composites Market
Request Now !Automotive Thermoplastic Resin Composites Market AnalysisÂ
A resin matrix, armature, and operational additives are combined to create composite materials. Thermoset and thermoplastic composites are the two types of composites. Structural polymer composites gave way to thermoplastic composites (TMCs). Because they are made of a thermoplastic matrix, these materials are not chemically stable. A physical rather than a chemical change occurs when heat and pressure impregnate a reinforcing fiber with a thermoplastic resin. The thermoplastic composites can now be reshaped and reformed because of this. As a result, when the thermoplastic composite reaches the end of its useful life, it can be recycled.
COVID-19 Impact analysis
COVID-19 lowered the demand for thermoplastic composites in 2020. The removal of cross-country travel restrictions and a recovery in end-use industries will boost demand for thermoplastic composites. The pandemic has had a negative impact on thermoplastic composite demand in a variety of end-use industries, including aerospace and defense, transportation, wind energy, construction, consumer and electronics goods, and others. Due to supply chain disruptions such as raw material delays or non-arrival, disrupted financial flows, and rising absenteeism among production line workers, OEMs have been forced to operate at zero or partial capacity, resulting in lower demand for thermoplastic composites. COVID-19 will cause a drop in thermoplastic composites demand, resulting in fewer aircraft deliveries, fewer wind energy installations, and fewer automobile and electronics sales in the industries mentioned above.
Top Impacting Factors
Due to properties such as recyclability, quick processing, ability to mound and remold, and survival at higher temperatures, the thermoplastic composites industry is growing. Automotive components, rail coaches, and heavy vehicles are all made with thermoplastic composites. These materials are lightweight and aid in the reduction of vehicle weight, which reduces CO2 emissions and improves vehicle fuel efficiency, allowing automakers to meet CAFÉ emission standards (54.5 mpg by 2025) and other fuel standards mandated by environmental agencies. One of the driving factors driving the thermoplastic composites market in the transportation industry is the increased use of thermoplastic composites materials in racing and high-performance vehicle components such as instrumental panels, front-end modules, door modules, roof components, appearance grade components, and under-hood components. The rail industry is also seeing an increase in demand for thermoplastic composites. To reduce weight, high-speed rail uses these materials on the interior and exterior of rail carriers.
Market Trends
Key Benefits of the Report
Questions Answered in the Automotive Thermoplastic Resin Composites Report
Automotive Thermoplastic Resin Composites Market Report Highlights
Aspects | Details |
---|---|
By Product Type |
|
By Resin Type |
|
By Fiber Type |
|
By Region |
|
Start reading.
This Report and over 68,247+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers