PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1477131
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1477131
Organosheet Market size was valued at USD 607.30 Million in 2023, expanding at a CAGR of 12,32% from 2024 to 2032.
Organo sheets are advanced semi-finished materials containing carbon, glass, or aramid fiber fabrics within a thermoplastic matrix. They are widely employed in industries such as automotive, aerospace, and marine due to their exceptional lightweight and high-strength characteristics. Recently, the scope of organosheets has expanded to include a wider array of semi-finished products that offer significant benefits stemming from various thermoplastic matrices, ranging from polypropylene and polyamide 6 to polyethyleneimine, as well as a diverse range of reinforcing fibers. In the automotive sector, organosheets are utilized for creating lightweight structural elements like body panels, underbody shields, and interior trim. In aerospace applications, they are used for structural components such as interior panels, fairings, and floor structures.
Organosheet Market- Market Dynamics
Increasing Demand for Lightweight Materials is expected to drive the growth of market
Industries such as the automotive, aerospace, and marine sectors are facing increasing pressure to enhance fuel efficiency and reduce carbon emissions. One solution to this challenge is the utilization of lightweight materials like Organosheet, which can effectively reduce the overall weight of vehicles and structures. This, in turn, leads to improved fuel economy and environmental performance. According to the U.S. Department of Energy, implementing lightweight components and high-efficiency engines enabled by advanced materials in a quarter of the U.S. fleet could result in saving over 5 billion gallons of fuel annually by 2030. Additionally, ongoing advancements in manufacturing processes and the expansion of the automotive sector are expected to provide growth opportunities for the market. However, it is important to note that the high cost of raw materials may hinder the growth of the market.
Organosheet Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 12,32% over the forecast period (2024-2032)
Based on fiber Type segmentation, Carbon Fiber.was predicted to show maximum market share in the year 2023
Based on Application segmentation, Transportation was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Organosheet Market is segmented on the basis of Resin Type, Fiber Type, Application, End-User, and Region.
The market is segmented into three divisions according to Resin Type: Polypropylene, Polyamide, Polyether ether ketone, Polyphenylene sulfide, and Others. Each type of resin provides distinct characteristics that meet the requirements of particular end-use purposes, fueling the need for organosheets across different industries like automotive, aerospace, electronics, and consumer products.
The market is categorized into two sections according to the type of fiber used: Carbon Fiber and Glass Fiber. The dominant segment in the market is Carbon Fiber. Carbon fiber-reinforced organosheets possess remarkable mechanical properties, lightweight structure, and flexible design, which make them highly appealing for various high-performance applications in different industries.
The market is segmented into two categories according to Application: Transportation, Sports & Leisure, Aerospace & Defense, Construction, and Others. The transportation sector holds the largest share in the market. The organosheet market is crucial in the transportation sector as it offers lightweight, durable, and high-performance materials that enhance energy efficiency, safety, and environmental sustainability in automotive, aerospace, rail, marine, and commercial vehicle applications.
The market is classified into two segments according to the end-user: Aftermarket and Original Equipment Manufacturers (OEM). The organosheet market caters to both aftermarket and OEM sectors, offering lightweight, durable, and high-performance materials for purposes such as repair, replacement, customization, and original equipment manufacturing.
Organosheet Market- Geographical Insights
Geographically, this market spans across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further segmented by countries contributing to business activities. North America leads the market due to high demand from the building and automotive sectors. The region has a significant automotive manufacturing presence, with top automakers constantly looking for lightweight materials to improve fuel efficiency and comply with regulations. As per automotive industry data, the US car manufacturing market was valued at USD104.1 billion in 2023. In 2022, 10.9 million light trucks and 2.9 million cars were sold in the US. Europe is the second largest region for market growth, driven by strong construction activity fueled by urbanization, infrastructure development, and renovation projects.
Organosheet manufacturers compete on the basis of product quality, performance, and reliability. Companies invest in research and development to develop organosheets with superior mechanical properties, such as strength, stiffness, impact resistance, and durability. Manufacturers seek to develop and commercialize innovative technologies, materials, and manufacturing processes to differentiate their products and gain a competitive edge. Businesses that are able to distinguish their products, offer additional services and adjust to evolving market conditions are in a strong position to thrive in this competitive environment.
Avient Corporation is thrilled to declare that it will present Dyneema ultra-lightweight specialty fiber for the inaugural occasion as a component of its expanding composite materials and sustainable solutions portfolios at JEC World 2023.
Johns Manville's Advanced Composites division is set to present its groundbreaking PA-6 Neomera organosheets at JEC World 2023, the renowned international trade exhibition, taking place in Paris, France, from April 25-27, 2023.
GLOBAL ORGANOSHEET MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Avient Corporation
Crossfire S.R.L.
DYNAmore GmbH by ANSYS, Inc.
Ensinger GmbH
FRIMO Innovative Technologies GmbH
Gividi Fabrics S.r.l.
Haufler Composites GmbH & Co.KG.
Jiangsu Qiyi Technology Co.Ltd.
Johns Manville
Kingfa Sci.&Tech. Co., Ltd.
Kordsa Teknik Tekstil A.S.
Manna Green Momentum
Maru Hachi Corporation
Mitsubishi Chemical Group Corporation
Oribi Composites
Porcher Industries
Profil GmbH
SGL Carbon SE
Toray TCAC Holding B
VALEO
Others