개요
세계의 열가소성수지 시장은 2023년에 105억 달러에 달하며, 2031년에는 155억 달러에 달할 것으로 예측되며, 예측 기간인 2024-2031년 CAGR은 5.0%로 성장할 전망입니다.
경량, 자연 재생 자원에 대한 수요 증가와 다양한 최종 사용 산업에서의 사용 확대가 주요 촉진요인입니다. 자동차 산업은 열가소성수지의 가장 큰 최종사용자입니다. 가볍고 CO2 배출량이 적은 자동차의 개발 수요 증가는 자동차 분야의 열가소성수지 수요를 주도하고 있습니다.
또한 자동차 산업에서 열가소성수지의 사용 확대는 시장 확대의 원동력이 되고 있습니다. 독일은 유럽의 주요 자동차 생산국입니다. 독일자동차산업협회에 따르면 2023년 3월 독일의 자동차 생산량은 44만 1,990대로 전년 대비 67% 증가했습니다.
2023년에는 북미가 세계 열가소성수지 시장의 20% 이상을 차지하며 두 번째로 큰 시장으로 부상할 것으로 예상됩니다. 보다 지속가능하고 재활용 가능한 복합재료에 대한 높은 연구개발 활동이 예측 기간 중 이 지역을 견인할 것으로 보입니다. 운송, 항공우주 및 방위, 풍력에너지, 건설과 같은 지역내 최종 사용 산업에서 제품 수요가 증가하고 있습니다.
시장 역학
연구개발 증가
지속적인 연구개발로 강도, 내열성, 환경 성능 등의 특성이 개선된 혁신적인 열가소성수지가 도입되고 있으며, 3D 프린팅, 사출성형, 압출 성형 등 제조 방법의 발전으로 열가소성수지의 용도와 효율성이 향상되어 다용도성과 비용 효율성이 향상되고 있습니다. 범용성과 비용 효율성이 높아지고 있습니다.
예를 들어 2021년 솔베이와 레오나르도는 항공용 열가소성수지를 생산하기 위한 공동 연구시설을 설립했습니다. 열가소성수지는 또한 건설 산업이 빠른 속도로 확장됨에 따라 발전할 것으로 예상됩니다. 열가소성수지는 주택 구조물, 인프라 및 수도 시설 개발에 활용되고 있습니다. 열가소성수지의 우수한 품질은 건설 제품 생산에 최적의 선택이 되고 있습니다.
자동차 산업에 대한 투자 확대
자동차 제조업체들은 연비 향상과 배기가스 배출량 감소를 위해 차량 경량화에 점점 더 많은 노력을 기울이고 있습니다. 경량화로 유명한 열가소성수지는 많은 자동차 부품에서 금속과 같은 무거운 재료를 대체하고 있습니다. 전기자동차 시장의 급속한 확장은 혁신적인 소재에 대한 수요를 촉진하고 있습니다. 열가소성수지는 적응성, 경량성, 전기 절연성으로 인해 전기자동차 제조에 필수적입니다.
2022년 미국 자동차 업체들은 국내 전기자동차 생산에 130억 달러를 투자할 것을 제안했는데, 이는 2020년 지출의 3배 이상입니다. 도요타는 캐롤라이나의 제조 기지에 25억 달러를 투자한다고 발표했습니다. 혼다와 LG 에너지 솔루션은 전기자동차 및 배터리 제조를 개발하기 위해 44억 달러 규모의 합작회사를 설립했습니다. 이러한 변동 요인은 자동차 제조 증가로 이어질 것으로 예상됩니다.
규제와 원자재 가격의 변동
세계 각국 정부는 플라스틱 폐기물과 오염을 줄이기 위해 엄격한 환경 규제를 제정하고 있습니다. 이러한 요구 사항을 준수하기 위해서는 지속가능한 관행과 기술에 대한 대규모 투자가 자주 필요합니다. 많은 국가에서 일회용 플라스틱을 금지하고 있거나 금지할 계획이며, 이는 특정 유형의 열가소성수지에 대한 수요에 직접적인 영향을 미치고 있습니다.
석유화학은 열가소성수지의 주요 공급원입니다. 원유 가격의 변동은 원자재 비용에 큰 영향을 미치며, 그 결과 제조 비용을 예측할 수 없게 됩니다. 특성과 지속가능성을 개선한 새롭고 정교한 열가소성수지를 만들기 위해서는 연구개발에 많은 투자를 해야 합니다. 소규모 조직은 이러한 기술 혁신에 자원을 투자하는 데 어려움을 겪을 수 있습니다.
Overview
Global Thermoplastic Resins Market reached US$ 10.5 billion in 2023 and is expected to reach US$ 15.5 billion by 2031, growing with a CAGR of 5.0% during the forecast period 2024-2031.
The rising demand for lightweight and naturally renewable resources, as well as their expanding uses in various end-use industries, is the primary driver. The automotive industry is the largest end-user of thermoplastic resin. The increased demand for developing lightweight and low CO2 emission automobiles drives the demand for thermoplastic resins in the automobile sector.
Furthermore, the expanding use of thermoplastic in the automotive industry is driving the market expansion. Germany is Europe's major automotive manufacturers. In accordance with the German Association of the Automotive Industry, Germany manufactured 441,990 units of vehicles in March 2023, a 67% increase from the previous year.
In 2023, North America is expected to be the second-dominant region with over 20% of the global thermoplastic resins market. High R&D activity in more sustainable and recyclable composite materials is likely to drive the region forward during the forecast period. Product demand has increased in regional end-use industries such as transportation, aerospace and defense, wind energy, and construction.
Dynamics
Rising Research and Development
Ongoing research and development are resulting in the introduction of innovative thermoplastic resins with improved features such as increased strength, heat resistance, and environmental performance. Advances in manufacturing methods like 3D printing, injection molding, and extrusion are boosting thermoplastic resin applications and efficiency, making them more versatile and cost-effective.
For example, in 2021, Solvay and Leonardo formed a joint research facility to produce thermoplastics for aeronautical purposes. Thermoplastic resins are also predicted to develop as the construction industry continues to expand at a rapid pace. It is utilized in the development of residential structures, infrastructure, and water utilities. The excellent qualities of thermoplastic resins make them a perfect alternative for the production of construction products.
Growing Investments in the Automotive Industry
Automobile producers are increasingly concentrating on reducing vehicle weight to enhance fuel efficiency and reduce emissions. Thermoplastic resins, which are known for their lightweight qualities, are replacing heavier materials such as metals in many vehicle components. The rapid expansion of the electric car market is fueling demand for innovative materials. It is critical in EV manufacturing due to its adaptability, lightweight, and electrical insulating qualities.
In 2022, U.S. automotive manufacturers proposed a US$ 13 billion investment in domestic EV manufacturing, more than tripling their expenditure in 2020. Toyota has announced a US$ 2.5 billion investment in its Carolina manufacturing site. Honda and LG Energy Solution established a US$ 4.4 billion joint venture to develop EV and battery manufacturing. The variables are projected to lead to increased automobile manufacturing.
Regulations and Volatility in Raw Material Price
Governments all over the world are enacting strict environmental restrictions to decrease plastic waste and pollution. Compliance with these requirements frequently necessitates large investments in sustainable practices and technologies. Many nations have implemented or plan to implement single-use plastic bans, which have a direct impact on the demand for particular types of thermoplastic resins.
Petrochemicals serve as the primary source of thermoplastic resins. Crude oil price fluctuations can have a substantial impact on the cost of raw materials, resulting in unpredictable manufacturing costs. Creating new and sophisticated thermoplastic resins with improved characteristics or sustainability features necessitates significant investment in R&D. Smaller organizations may struggle to allocate resources for such innovation.
The global thermoplastic resin market is segmented based on resin, fiber, product, end-user, and region.
Rising Applications in Automotive Production Drive the Segment Growth
Automotive is expected to be the dominant segment with more than 30% of the market during the forecast period 2024-2031. Thermoplastic resins are referred to for their great toughness and lightweight properties. The automotive industry widely uses glass mat thermoplastics for a variety of applications. The resins are used in the automotive industry for seat frames, battery trays, bumper beams, load floors, front ends, valve covers, rocker panels, and under-engine coverings.
In accordance to the Organisation Internationale des Constructeurs d'Automobiles (OICA), more than 85,016,728 motor vehicles were produced globally in 2022, up 6% from the previous year, showing an increased demand for thermoplastic composites from automotive part manufacturing.
Rising Demand from Automotive Industry in Asia-Pacific
Asia-Pacific is expected to be the dominant region in the global thermoplastic resins market covering over 30% of the market. The usage of thermoplastic resins in the automotive sector is in great demand due to the ability to produce a diverse range of products that meet the industry's requirements. China is the world's largest automotive market in terms of both production and sales. The Chinese government is taking measures to tighten the economy.
In accordance to the China Association of Automobile Manufacturers, China has the world's largest automobile production base, with 27 million vehicles produced in 2022, a 3.4% rise from 26 million units produced the previous year. Furthermore, China's 14th Five-Year Plan contains a government-led initiative to integrate digital technologies into the building and construction processes. It is projected to increase demand for thermoplastic resins in the region.
The major global players in the market include BASF SE, Arkema SA, DSM, Hexcel Corporation, LANXESS, SABIC, Solvay SA, SGL Carbon, LyondellBasell Industries Holdings BV and The Lubrizol Corporation.
Lockdowns and limitations in major production regions caused significant disruptions in the supply of raw materials required to manufacture thermoplastic resins. The epidemic caused transportation delays and increased expenses due to restrictions on mobility, limited shipping capacity, and port congestion. Lockdown procedures, social distance rules, and health concerns forced several manufacturing plants to temporarily close or limit operations. It resulted in lower production capacity for thermoplastic resins.
Due to economic uncertainty and lockdown measures, demand from vital industries like automotive, construction, and consumer goods fell sharply early in the epidemic. Demand progressively recovered when economies reopened and consumer confidence was restored, notably in areas like packaging, medical gadgets, and personal protective equipment (PPE), which experienced higher demand owing to the epidemic.
Russia-Ukraine War Impact
Russia and Ukraine are major suppliers of raw materials and feedstock for thermoplastic resin manufacture. The violence has affected the delivery of essential commodities like natural gas, crude oil, and petrochemical derivatives. The war has significantly disrupted transportation networks, including road, rail, and maritime transit. Blocked ports and damaged infrastructure have exacerbated the transportation of raw materials and finished goods.
Russia is a large exporter of natural gas and oil, both of which are required for the production of thermoplastic resin. The conflict has resulted in dramatic increases in global energy prices, affecting production costs for resin producers. Supply disruptions and rising energy prices have also boosted raw material costs, resulting in higher thermoplastic resin prices.
The global thermoplastic resins market report would provide approximately 70 tables, 69 figures, and 207 pages.
Target Audience 2024
LIST NOT EXHAUSTIVE