Opportunities For Filled Thermoplastics In The Asian Consumer Goods Market To Reach $5.3 Billion

By Author: Lucintel LLC
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According to a new market report published by Lucintel, the future of filled thermoplastics market looks promising with opportunities in the Asian consumer appliances, electrical & electronics, power tools and other markets. The filled thermoplastics in the Asian consumer goods market is expected to reach an estimated $5.3 billion by 2024 with a CAGR of 6.5% from 2019 to 2024. The major drivers for this market are growing demand for consumer goods and increasing use of plastic components to reduce the part weight.

In this market, resin (polypropylene, polyamide, polybutylene terephthalate, and polycarbonate) and fillers (mineral filler and fibers) are the major raw materials used for filled thermoplastic compound manufacturing. Lucintel forecasts that polypropylene resin based filled thermoplastics will remain the largest segment by value and volume. The growing use of lightweight materials and comparatively lower cost than other thermoplastic resins is likely to drive the consumption of polypropylene based filled thermoplastics over the forecast period.
Within filled thermoplastics market, electrical & electronics will remain the largest application by value and consumer appliances by volume. Electrical & electronics segment is also expected to witness highest growth over the forecast period due to the increasing demand for lightweight plastic materials with higher thermal stability.
In this market, mineral filled and fiber reinforced thermoplastics are the major product types. Mineral filled thermoplastic will remain the largest segment by value and volume due to its wide application area. The reinforced thermoplastics segment is expected to witness highest growth over the forecast period due to the growing demand for materials with higher performance benefits.
Emerging trends, which have a direct impact on the dynamics of the industry, include continuous innovation and development of new products with low water absorption, higher stiffness, and better thermal performance. BASF, DowDuPont, Lanxess, DSM, Lyondellbasell and Borealis are among the major suppliers of filled thermoplastics in the Asian consumer goods market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for filled thermoplastics in the Asian consumer goods market by application, resin, and material type, and has come up with a comprehensive research report entitled “Growth Opportunities for Filled Thermoplastics in the Asian Consumer Goods Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategies as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for filled thermoplastics in the Asian consumer goods market by application, resin, and material type, as follows:
By application [Volume (M lbs) and $M shipment analysis from 2013 to 2024]:
• Consumer Appliances
• Electrical & Electronics
• Power Tools
• Others
By material type [Volume (M lbs) and $M shipment analysis from 2013 to 2024]:
• Mineral Filled Thermoplastics
• Fiber Reinforced Thermoplastics

Mineral filled thermoplastics by application [Volume (M lbs) and $M shipment analysis from 2013 to 2024]:
• Consumer Appliances
- Refrigerators
- Washing Machines
- Microwaves
- Dishwashers
- Other Appliances
• Electrical & Electronics
- Circuit Breakers
- Consumer Electronics
- Other Electrical & Electronics
• Power Tools
• Other Applications
By fiber reinforced thermoplastics by application [Volume (M lbs) and $M shipment analysis from 2013 to 2024]:
• Consumer Appliances
- Refrigerators
- Washing Machines
- Microwaves
- Dishwashers
- Other Appliances
• Electrical & Electronics
- Circuit Breakers
- Consumer Electronics
- Other Electrical & Electronics
• Power Tools
• Other Applications
By resin type [Volume (M lbs) and $M shipment analysis from 2013 to 2024]:
• Polypropylene (PP)
• Polyamide (PA)
• Polybutylene terephthalate (PBT)
• Polycarbonate (PC)
• Others
This 234-page 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 helpdesk@lucintel.com. Lucintel offerings include advanced materials reports, composite materials market report, strategic growth consulting, market research due diligence and business strategy consulting.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report addresses the following key questions:
Q. 1. What are some of the most promising, high-growth opportunities for filled thermoplastics in the Asian consumer goods market by application (consumer appliances, electrical & electronics, power tools, and others), material type (mineral filled, and fibers), and resin (PP, PA, PBT, PC, and others)?
Q. 2. Which products segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?
Q.4. What are the business risks and competitive threats in this market?
Q.5. What are the emerging trends in this market and reasons behind them?
Q.6. What are some of the changing demands of customers in the market?
Q.7. What are the new developments in the market and which companies are leading these developments?
Q.8. Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?
Q.9. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.10. What M&A activity has occurred in the last 5 years?