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商品編碼

1512695

全球熱塑性樹脂市場 - 2024-2031

Global Thermoplastic Resins Market - 2024-2031

出版日期: 2024年07月10日 | 出版商:

DataM Intelligence | 英文 207 Pages | 商品交期: 最快1-2個工作天內

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簡介目錄

概述

全球熱塑性樹脂市場2023年達到105億美元，預計到2031年將達到155億美元，2024-2031年預測期間複合年成長率為5.0%。

對輕質和自然可再生資源的需求不斷成長，以及它們在各種最終用途行業中不斷擴大的用途，是主要驅動力。汽車工業是熱塑性樹脂最大的最終用戶。對開發輕質和低二氧化碳排放汽車的需求不斷增加，推動了汽車產業對熱塑性樹脂的需求。

此外，熱塑性塑膠在汽車行業的廣泛使用正在推動市場擴張。德國是歐洲主要的汽車製造國。根據德國汽車工業協會的數據，2023年3月德國汽車產量為441,990輛，比上年增加67%。

到2023年，北美預計將成為第二主導地區，佔全球熱塑性樹脂市場的20%以上。在更永續和可回收的複合材料方面的大量研發活動可能會在預測期內推動該地區向前發展。運輸、航空航太和國防、風能和建築等區域最終用途產業的產品需求增加。

動力學

不斷上升的研發

持續的研究和開發正在推出創新的熱塑性樹脂，這些樹脂具有改進的特性，例如增加的強度、耐熱性和環保性能。 3D 列印、注塑和擠出等製造方法的進步正在促進熱塑性樹脂的應用和效率，使其更加通用且更具成本效益。

例如，2021年，索爾維和萊昂納多組成了聯合研究機構，生產航空用熱塑性塑膠。隨著建築業的持續快速擴張，熱塑性樹脂預計也會發展。它用於住宅結構、基礎設施和供水設施的開發。熱塑性樹脂的優異品質使其成為建築產品生產的完美替代品。

汽車業投資不斷成長

汽車製造商越來越注重減輕車輛重量，以提高燃油效率並減少排放。熱塑性樹脂以其輕質而聞名，正在取代許多車輛零件中的金屬等較重的材料。電動車市場的快速擴張正在推動對創新材料的需求。由於其適應性、輕量化和電絕緣特性，它在電動車製造中至關重要。

2022年，美國汽車製造商提議對國內電動車製造投資130億美元，是2020年支出的三倍多。本田和 LG Energy Solution 成立了一家價值 44 億美元的合資企業，開發電動車和電池製造。預計這些變數將導致汽車製造業增加。

原物料價格的法規和波動

世界各國政府正在製定嚴格的環境限制，以減少塑膠廢棄物和污染。滿足這些要求通常需要對永續實踐和技術進行大量投資。許多國家已經實施或計劃實施一次性塑膠禁令，這對特定類型熱塑性樹脂的需求產生直接影響。

石化產品是熱塑性樹脂的主要來源。原油價格波動會對原物料成本產生重大影響，導致製造成本無法預測。創造具有改進特性或永續性特徵的新型複雜熱塑性樹脂需要在研發方面進行大量投資。較小的組織可能很難為此類創新分配資源。

The rising demand for lightweight and naturally renewable resources, as well as their expanding uses in various end-use industries, is the primary driver. The automotive industry is the largest end-user of thermoplastic resin. The increased demand for developing lightweight and low CO2 emission automobiles drives the demand for thermoplastic resins in the automobile sector.

Furthermore, the expanding use of thermoplastic in the automotive industry is driving the market expansion. Germany is Europe's major automotive manufacturers. In accordance with the German Association of the Automotive Industry, Germany manufactured 441,990 units of vehicles in March 2023, a 67% increase from the previous year.

In 2023, North America is expected to be the second-dominant region with over 20% of the global thermoplastic resins market. High R&D activity in more sustainable and recyclable composite materials is likely to drive the region forward during the forecast period. Product demand has increased in regional end-use industries such as transportation, aerospace and defense, wind energy, and construction.

Dynamics

Rising Research and Development

Ongoing research and development are resulting in the introduction of innovative thermoplastic resins with improved features such as increased strength, heat resistance, and environmental performance. Advances in manufacturing methods like 3D printing, injection molding, and extrusion are boosting thermoplastic resin applications and efficiency, making them more versatile and cost-effective.

For example, in 2021, Solvay and Leonardo formed a joint research facility to produce thermoplastics for aeronautical purposes. Thermoplastic resins are also predicted to develop as the construction industry continues to expand at a rapid pace. It is utilized in the development of residential structures, infrastructure, and water utilities. The excellent qualities of thermoplastic resins make them a perfect alternative for the production of construction products.

Growing Investments in the Automotive Industry

Automobile producers are increasingly concentrating on reducing vehicle weight to enhance fuel efficiency and reduce emissions. Thermoplastic resins, which are known for their lightweight qualities, are replacing heavier materials such as metals in many vehicle components. The rapid expansion of the electric car market is fueling demand for innovative materials. It is critical in EV manufacturing due to its adaptability, lightweight, and electrical insulating qualities.

In 2022, U.S. automotive manufacturers proposed a US$ 13 billion investment in domestic EV manufacturing, more than tripling their expenditure in 2020. Toyota has announced a US$ 2.5 billion investment in its Carolina manufacturing site. Honda and LG Energy Solution established a US$ 4.4 billion joint venture to develop EV and battery manufacturing. The variables are projected to lead to increased automobile manufacturing.

Regulations and Volatility in Raw Material Price

Governments all over the world are enacting strict environmental restrictions to decrease plastic waste and pollution. Compliance with these requirements frequently necessitates large investments in sustainable practices and technologies. Many nations have implemented or plan to implement single-use plastic bans, which have a direct impact on the demand for particular types of thermoplastic resins.

Petrochemicals serve as the primary source of thermoplastic resins. Crude oil price fluctuations can have a substantial impact on the cost of raw materials, resulting in unpredictable manufacturing costs. Creating new and sophisticated thermoplastic resins with improved characteristics or sustainability features necessitates significant investment in R&D. Smaller organizations may struggle to allocate resources for such innovation.

Segment Analysis

The global thermoplastic resin market is segmented based on resin, fiber, product, end-user, and region.

Rising Applications in Automotive Production Drive the Segment Growth

Automotive is expected to be the dominant segment with more than 30% of the market during the forecast period 2024-2031. Thermoplastic resins are referred to for their great toughness and lightweight properties. The automotive industry widely uses glass mat thermoplastics for a variety of applications. The resins are used in the automotive industry for seat frames, battery trays, bumper beams, load floors, front ends, valve covers, rocker panels, and under-engine coverings.

In accordance to the Organisation Internationale des Constructeurs d'Automobiles (OICA), more than 85,016,728 motor vehicles were produced globally in 2022, up 6% from the previous year, showing an increased demand for thermoplastic composites from automotive part manufacturing.

Geographical Penetration

Rising Demand from Automotive Industry in Asia-Pacific

Asia-Pacific is expected to be the dominant region in the global thermoplastic resins market covering over 30% of the market. The usage of thermoplastic resins in the automotive sector is in great demand due to the ability to produce a diverse range of products that meet the industry's requirements. China is the world's largest automotive market in terms of both production and sales. The Chinese government is taking measures to tighten the economy.

In accordance to the China Association of Automobile Manufacturers, China has the world's largest automobile production base, with 27 million vehicles produced in 2022, a 3.4% rise from 26 million units produced the previous year. Furthermore, China's 14th Five-Year Plan contains a government-led initiative to integrate digital technologies into the building and construction processes. It is projected to increase demand for thermoplastic resins in the region.

Competitive Landscape

The major global players in the market include BASF SE, Arkema SA, DSM, Hexcel Corporation, LANXESS, SABIC, Solvay SA, SGL Carbon, LyondellBasell Industries Holdings BV and The Lubrizol Corporation.

COVID-19 Impact Analysis

Lockdowns and limitations in major production regions caused significant disruptions in the supply of raw materials required to manufacture thermoplastic resins. The epidemic caused transportation delays and increased expenses due to restrictions on mobility, limited shipping capacity, and port congestion. Lockdown procedures, social distance rules, and health concerns forced several manufacturing plants to temporarily close or limit operations. It resulted in lower production capacity for thermoplastic resins.

Due to economic uncertainty and lockdown measures, demand from vital industries like automotive, construction, and consumer goods fell sharply early in the epidemic. Demand progressively recovered when economies reopened and consumer confidence was restored, notably in areas like packaging, medical gadgets, and personal protective equipment (PPE), which experienced higher demand owing to the epidemic.

Russia-Ukraine War Impact

Russia and Ukraine are major suppliers of raw materials and feedstock for thermoplastic resin manufacture. The violence has affected the delivery of essential commodities like natural gas, crude oil, and petrochemical derivatives. The war has significantly disrupted transportation networks, including road, rail, and maritime transit. Blocked ports and damaged infrastructure have exacerbated the transportation of raw materials and finished goods.

Russia is a large exporter of natural gas and oil, both of which are required for the production of thermoplastic resin. The conflict has resulted in dramatic increases in global energy prices, affecting production costs for resin producers. Supply disruptions and rising energy prices have also boosted raw material costs, resulting in higher thermoplastic resin prices.

By Resin

Polypropylene
Polyamide
Polybutylene Terephthalate
Polyphenylene Sulfide
Polycarbonate
Others

By Fiber

Glass
Carbon
Others

By Product

Short Fiber-Reinforced Thermoplastic
Long Fiber-Reinforced Thermoplastic
Continuous Fiber-Reinforced Thermoplastic*
Glass-Mat Thermoplastic

By End-User

Aerospace and Defense
Electrical and Electronics
Automotive
Construction
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

In April 2023, LANXESS announced the formation of a joint venture with Advent International focusing on engineering materials, which will start operations on April 1, 2023. DSM's Engineering Materials section and LANXESS's former High-Performance Materials business teamed up to form the new joint venture. LANXESS holds roughly 40% of the joint venture, while Advent International owns about 60%.
In April 2023, Solvay and GKN Aerospace declared the extension of their partnership agreement, under which both businesses would build a combined thermoplastic composites (TPC) roadmap to study breakthrough materials and production techniques for aircraft structures and collaboratively target future critical high-rate applications.

Why Purchase the Report?

To visualize the global thermoplastic resins market segmentation based on resin, fiber, product, end-user, and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of thermoplastic resins market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as Excel consisting of key products of all the major players.

The global thermoplastic resins market report would provide approximately 70 tables, 69 figures, and 207 pages.

Target Audience 2024

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Resin
3.2. Snippet by Fiber
3.3. Snippet by Product
3.4. Snippet by End-User
3.5. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Rising research and development
  - 4.1.1.2. Growing investments in automotive industry
- 4.1.2. Restraints
  - 4.1.2.1. Regulations and volatility in raw material price
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID-19
- 6.1.2. Scenario During COVID-19
- 6.1.3. Scenario Post COVID-19
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Resin

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
- 7.1.2. Market Attractiveness Index, By Resin
7.2. Polypropylene*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Polyamide
7.4. Polybutylene Terephthalate
7.5. Polyphenylene Sulfide
7.6. Polycarbonate
7.7. Others

8. By Fiber

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Fiber
- 8.1.2. Market Attractiveness Index, By Fiber
8.2. Glass*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Carbon
8.4. Others

9. By Product

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.1.2. Market Attractiveness Index, By Product
9.2. Short Fiber-Reinforced Thermoplastic*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Long Fiber-Reinforced Thermoplastic
9.4. Continuous Fiber-Reinforced Thermoplastic
9.5. Glass-Mat Thermoplastic

10. By End-User

10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.1.2. Market Attractiveness Index, By End-User
10.2. Aerospace and Defense*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3. Electrical and Electronics
10.4. Automotive
10.5. Construction
10.6. Others

11. By Region

11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Fiber
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.2.7.1. The U.S.
  - 11.2.7.2. Canada
  - 11.2.7.3. Mexico
11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Fiber
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.3.7.1. Germany
  - 11.3.7.2. UK
  - 11.3.7.3. France
  - 11.3.7.4. Italy
  - 11.3.7.5. Russia
  - 11.3.7.6. Rest of Europe
11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Fiber
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.4.7.1. Brazil
  - 11.4.7.2. Argentina
  - 11.4.7.3. Rest of South America
11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Fiber
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.5.7.1. China
  - 11.5.7.2. India
  - 11.5.7.3. Japan
  - 11.5.7.4. Australia
  - 11.5.7.5. Rest of Asia-Pacific
11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Fiber
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

12. Competitive Landscape

12.1. Competitive Scenario
12.2. Market Positioning/Share Analysis
12.3. Mergers and Acquisitions Analysis

13. Company Profiles

13.1. BASF SE*
- 13.1.1. Company Overview
- 13.1.2. Resin Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
13.2. Arkema SA
13.3. DSM
13.4. Hexcel Corporation
13.5. LANXESS
13.6. SABIC
13.7. Solvay SA
13.8. SGL Carbon
13.9. LyondellBasell Industries Holdings BV
13.10. The Lubrizol Corporation

LIST NOT EXHAUSTIVE