PUBLISHER: Polaris Market Research | PRODUCT CODE: 1462957
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1462957
The global organosheet market size is expected to reach USD 1,696.00 million by 2032, according to a new study by Polaris Market Research. The report "Organosheet Market Share, Size, Trends, Industry Analysis Report, By Resin Type (PP, PA, PC, PEEK, Others); By Fiber Type; By Application; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Organosheets are composite sheets that are lightweight and have high mechanical qualities. They are reinforced with fibers and thermoplastic polymers. They are extensively utilized in a variety of sectors where strong, long-lasting, and lightweight solutions are needed, including the automotive, aerospace, construction, and sports equipment industries. Organosheets are mostly utilized in the automotive and aerospace industries to create lightweight components that improve fuel economy and lower carbon emissions. Because of their durability and visual appeal, they are utilized in interior design and facade components in buildings.
Organosheets are used in the sports industry to make high-performance equipment, like skis and bicycles. Because of the increased demand from aerospace applications, the growing usage of lightweight materials in the automotive industry, and stricter environmental rules that favor lighter, more fuel-efficient transportation options, the market for organosheets is booming.
However, challenges such as high processing and manufacturing costs, as well as the need for specialized equipment and skills for handling organosheets, hinder their adoption. On the other hand, the rising demand for electric vehicles (EVs) globally and ongoing advancements in bio-based and recyclable organosheet materials present new opportunities for the market.
The future of the electric vehicle (EV) market offers significant opportunities for utilizing thermoplastic organosheets. As the automotive industry undergoes rapid electrification, the demand for efficient, high-performance solutions is paramount. Thermoplastic organosheets, composed of long glass fibers embedded in a thermoplastic matrix, are increasingly being acknowledged as a crucial material in this evolving landscape.
The carbon fiber segment is projected to grow at a CAGR during the projected period due to the special combination of qualities that set them apart from conventional materials and other organosheet kinds, making them extremely sought-after for use in leisure, sports, and automotive applications.
The transportation segment led the market with significant CAGR in 2023 due to organosheets being favored for their lightweight properties and ease of processing.
Europe holds a significant revenue share in the global organosheet market, driven by Strict laws like the EU Green Deal compel automakers to reduce the weight of their vehicles, which is why more and more automakers are using organosheet, which offers great strength-to-weight ratios, to construct automotive parts.
The global key market players include Ensinger, Toray Industries Inc., Johns Manville, Haufler Composites, SGL Carbon SE, Profol GmbH, Lanxess AG, Porcher Industries, Kingfa Science & Technology Co. Ltd., Mitsubishi Chemical Group Corporation and Teijin Limited.
Polaris Market Research has segmented the organosheet market report based on resin type, fiber type, application, and region: