Lucintel Forecasts Filled Thermoplastics in the European Consumer Goods Market to Reach $3 Billion by 2030
Lucintel Forecasts Filled Thermoplastics in the European Consumer Goods Market to Reach $3 Billion by 2030
Blog Article
According to the recent study the filled thermoplastics in the European consumer goods market is projected to reach an estimated $3 billion by 2030 from $2 billion in 2023 at a CAGR of 5% from 2023 to 2030. Growth in this market is primarily driven by 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.
Browse 65 figures/charts and 67 tables in this 241-page report to understand trends, opportunities and forecast in 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).
Lucintel forecasts that electrical & electronics filled thermoplastic composites in European consumer goods will remain the largest application over the forecast period due to the mechanical properties like strength, heat resistance, and low water absorption. Consumer appliances is expected to witness highest growth over the forecast period.
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.
LyondellBasel, Borealis AG, Ravago, TASNEE, DowDuPont, DSM, Solvay, BASF SE, SABIC, Celanese, LANXESS, and TenCate are the major suppliers in the filled thermoplastic in the European consumer goods market.
This unique 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 write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056