The France Automotive Thermoplastic Polymer Composite Market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 4% during 2023–2031. The growth of the market is attributed to increasing demand for automobiles due to rising disposable income in the country.
Thermoplastic polymer offers several advantages such as high volume process ability, recyclability, superior damage tolerance, fracture toughness, and ability to produce complex shapes. These thermoplastic composites have found applications in different modes of transportation, from cars to underground trains. Among all types of thermoplastic composites, long-fiber thermoplastics (LFTs) are being extensively used in the transportation sector.
The automotive industry was heavily impacted due to high fuel prices. Thus, automotive manufacturers and suppliers are using thermoplastic composites to reduce vehicle mass. The stringent emission regulations have encouraged manufacturers to reduce the weight of the vehicle, as it helps in reducing carbon emissions.
Many companies are exploring various options to address the future requirements and demands from customers. Collaboration with various organizations has proven to be an effective way to discover new growth avenues in the thermoplastic polymer composites market. This, in turn, has increased the demand for thermoplastic polymer in the country and is projected to grow at a healthy rate in the projected timeline.
Market Drivers, Restraints, Trends, and Opportunities
Rapid growth in the electric vehicles market is expected to be one of the major drivers of the France thermoplastic polymer composites market growth during the forecast period.
Technological advancement in the manufacturing of this polymer composite is expected to drive the growth of the market in the projected timeline.
The COVID-19 pandemic led to the lockdown in France, which in turn, halted the production of most of the products available in the market. This, in turn, disrupted the growth of the market. However, the declining number of cases had encouraged government state bodies to relax the imposition, which is propelling the market growth.
Rising focus on minimizing carbon emission and improving fuel efficiency of cars, primarily by reducing the weight of vehicles is driving the demand for thermoplastics composites in the country.
Scope of France Automotive Thermoplastic Polymer Composite Market Report
The report on the France Automotive Thermoplastic Polymer Composite Market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.
Automotive Thermoplastic Polymer Composite Market - France Industry Analysis, Growth, Share, Size, Trends, and Forecast
Production Process Types (Hand Layup, Resin Transfer Molding, Vacuum Infusion Processing, Injection Molding, and Compression Molding), and Applications (Structural Assembly, Power Train Components, Interior, Exterior, and Others)
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
3B-Fiberglass, Base Group, BASF, Gurit, and Solvay
France Automotive Thermoplastic Polymer Composite Market Segment Insights
Vacuum infusion processing segment to account a major market share
Based on product types, the market is segregated as hand layup, resin transfer molding, vacuum infusion processing, injection molding, and compression molding. The vacuum infusion processing segment is projected to account for a large market share during the forecast period. Increasing use of vacuum infusion processing for the production of the thermoplastic polymer composites owing to its benefits.
Structural assembly segment to account a significant market share
Based on applications, the market is segregated as structural assembly, power train components, interior, exterior, and others. The structural assembly segment is projected to account for a significant market share during the forecasted period.
Rising use of thermoplastic composites in the structural assembly of automobiles is driving the segment growth. On the other hand, the power train components segment is also projected to expand at a rapid pace during the forecasted period.
The France Automotive Thermoplastic Polymer Composite market has been segmented on the basis of
Production Process Types
- Hand Layup
- Resin Transfer Molding
- Vacuum Infusion Processing
- Injection Molding
- Compression Molding
- Structural Assembly
- Power Train Components
- Base Group
Some of the major players in the market are 3B-Fiberglass, Base Group, BASF, BMW, and Cytec Industries, Inc.
Companies are focusing on engaging in partnerships, acquisitions, and mergers to expand their market share. Moreover, key players are heavily investment in the manufacturing technology to reduce the operational costs and provide high-quality composites to leverage their market position.
In October 2019, SABIC introduced a cutting-edge technology for the development of car panels by utilizing its UDMAX tape, a unidirectional fiber-reinforced composite.