Market Insights
“The organosheet market size was US$ 0.55 Billion in 2023 and is likely to grow at an impressive CAGR of 11.8%, in the long run, to reach US$ 1.1 Billion in 2030”.
Market Dynamics
Introduction
Organosheets are increasingly being adopted by industries that want to either maintain or increase the strength of their product’s structures and durability yet desire to minimize their weight. As these plastics have useful environmental features, their ability to be formed through difficult processes makes them a valuable material for future engineering and manufacturing ventures. Steady growth is seen in the Organosheets market, primarily owing to increasing application across various sectors like automotive, aerospace & construction. Organosheets find applications in the area of light-weighting, high strength, and mechanical properties associated with structural strength and durability.
The growth of the market is supported by the progress in manufacturing technologies and the tendency towards sustainability and recyclability of products. But again, bar the market experiencing high growth levels, there are factors such as high production costs and scarcity of raw materials that may limit the growth of the market. However, constant innovations in the development of material properties and production effectiveness will continue to provide new opportunities to the market for organ sheets. The current climate due to the COVID-19 pandemic has affected the Organosheet market in a way. Most industries experienced disruptions because of the COVID-19 epidemic, with effects on manufacturing and supplies, shutdowns, and lockouts negatively impacting the global organ sheet market.
Recent Market JVs and Acquisitions:
A huge number of strategic alliances including M&As, JVs, etc. have been performed over the past few years:
- The companies made this declaration in July 2023; Lanxess AG and Covestro AG are set to join the polyamide 6, 6 market. The consolidated revenues of both firms will be about $ 5,510,285,000 (E.U.R. 5 billion) by which the organized firm will rank first in polyamide 6,6 production. If there is approval from the authorities, the expected date for the closing of this acquisition is the second half of 2024.
- In Feb 2024, SGL Carbon S.E. is considering the number of strategic activities about the Carbon Fibers (C.F.) Business Unit. These include the possibility of the whole Business Unit up for sale or maybe just part of it. First, every potential client will be informed as soon as possible about the Business Unit’s overall statistics to check their possible interest in the acquisition.
Segment Analysis
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Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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Fiber-Type Analysis
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Carbon Fiber and Glass Fiber
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Carbon Fiber type is expected to be the demand generator for organosheet.
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Resin-Type Analysis
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PA, PP, PC, and PEEK
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PA Type is anticipated to hold the largest organosheet market share.
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Application-Type Analysis
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Aerospace & Defense, Transportation, Sports & Leisure, and Construction
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Aerospace & Defense is likely to hold the dominance in the segment during the forecasted period.
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Region Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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Europe is expected to maintain its reign over the forecast period.
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By Fiber Type
“Carbon Fiber type is expected to be the demand generator for organosheet.”
- The organosheet market is segmented into carbon fiber and glass fiber.
- Carbon fiber type is expected to remain the dominant fiber type in the market during the forecast period.
- This segment is a significant contributor to the market, offering properties like exceptional strength-to-weight ratio, high stiffness, and thermal conductivity.
By Resin Type
“PA Type is anticipated to hold the largest organosheet market share.”
- The market is segmented into PA, PP, PC, and PEEK.
- PA Type is anticipated to hold the largest organosheet market share.
- The dominance of this segment is driven by high strength, excellent wear, and abrasion resistance, and good heat resistance.
By Application Type
“Aerospace & Defense is likely to hold the dominance in the segment during the forecasted period.”
- The market is segmented into aerospace & defense, transportation, sports & leisure, and construction.
- Aerospace & Defense is likely to hold the dominance in the segment during the forecasted period.
- The dominance of this segment is driven by high strength-to-weight ratio, fatigue resistance, and fuel efficiency are critical for aerospace applications.
Regional Analysis
“Europe is expected to maintain its reign over the forecast period.”
- Europe is anticipated to continue to hold the top spot in terms of geographic market share for the organosheet market throughout the forecast period.
- Europe led the market due to an increasing demand for lightweight and fuel-efficient vehicles, leading to a higher consumption of organosheets in the automotive industry.
Key Players
The market is highly fragmented with the presence of over 500 players across the region. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc. The following are the key players in the organosheet market.
Here is the list of the Top Players (Based on Dominance)
- Hexcel Corporation
- Teijin Limited
- SABIC
- Toray Industries, Inc.
- Gurit Holding AG
- Mitsubishi Chemical Advanced Materials
- Solvay S.A.
- Celanese Corporation
- PolyOne Corporation
- PlastiComp, Inc.
Note: The above list does not necessarily include all the top players of the market.
Are you the leading player in this market? We would love to include your name. Write to us at [email protected]
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The global organosheet market is segmented into the following categories.
Organosheet Market, by Fiber Type
- Carbon Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Glass Fiber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Organosheet Market, by Resin Type
- PA (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- PP (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- PC (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- PEEK (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Organosheet Market, by Application Type
- Aerospace & Defence (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Sports & Leisure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Organosheet Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s organosheet market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]
