Organosheet Market Size is valued at USD 0.56 Bn in 2023 and is predicted to reach USD 1.35 Bn by the year 2031 at a 11.81% CAGR during the forecast period for 2024-2031.
Organosheets are being utilized more frequently in industries that wish to preserve or enhance the strength and durability of their products while reducing weight. In conjunction with their advantageous environmental characteristics, their capacity to undergo complex shaping renders them a material of considerable potential for forthcoming engineering and manufacturing endeavours. The Organosheets market continues to witness steady growth driven by demand from number of end-use industries such as automotive, aerospace, and construction. Organosheets offer lightweight, high strength, and excellent mechanical properties, making them ideal for structural integrity and durability applications.
Advancements in manufacturing technologies, coupled with increasing emphasis on sustainability and recyclability, further propel market expansion. However, challenges like high production costs and limited availability of raw materials could restrain market growth. Nonetheless, ongoing research and development efforts to enhance material properties and production efficiency are expected to create new opportunities in the organ sheet market. The COVID-19 pandemic has adversely impacted the Organosheet market. The lockdown due to the COVID-19 epidemic resulted in disruptions in manufacturing activity, supply networks, and production halts, all of which hurt the global organ sheet market.
Competitive Landscape
Some Major Key Players In The Organosheet Market:
- Ensinger
- Toray Industries Inc.
- Johns Manville
- Haufler Composites
- SGL Carbon S.E.
- Profol GmbH
- Lanxess AG
- Porcher Industries
- Kingfa Science & Technology Co. Ltd.
- Mitsubishi Chemical Group Corporation
- Teijin Limited
- Avient Corporation
- Kordsa Teknik Tekstil A.S.
- BUFA
- SABIC
- Valeo SE
- Gividi Fabrics S.R.L.
- Maruhachi
- Jiangsu Qiyi Technology Co., Ltd.
- Crossfire Srl
- Other Prominent Players
Market Segmentation:
The Organosheet market is segmented by fibre type, resin type, application, and region. The segmentation based on fibre includes carbon fibre and glass fibre. Based on application, the segmentation includes Aerospace & Defense, Transportation, Sports & Leisure, Construction, and Others. The resin type segment consists of PA, PP, PC, PEEK, and Others.
Based On Fibre Type, The Carbon Fibre Segment Is A Major Contributor To The Organosheet Market.
Carbon fibre organosheets were restricted to high-end applications such as aerospace & defence due to their high cost. However, over the years, their cost has drastically reduced due to the advent of new technologies and the reduced cycle time for processing. This cost reduction has increased the customer base of carbon fibre products. Carbon fibre organosheets offer high tensile strength, high stiffness, low weight, high chemical resistance, low thermal expansion, and high temperature tolerance. These properties open vast opportunities for carbon fibre prepregs in various applications such as wind energy, automotive, industrial engineering, and high-performance sports equipment.
The Transportation Segment Based On Applications Also Witnessed Rapid Growth.
Based on application, the segment expected to have the largest share of the organ sheet market by value is transportation. The automotive industry is undergoing a complete transformation as electrification gains traction. In addition to electrification, automotive manufacturers are working to reduce vehicle weight by building car parts with innovative materials such as Organosheet. Automotive engineers use Organosheet to design components that meet crash safety standards while remaining lightweight enough to improve energy efficiency. It can be used as structural reinforcements for vehicles, battery cases, bolsters, and other interior parts.
Europe Is The Region That Has A Significant Revenue Share In The Organosheet Market.
Europe emerges as the most dominant market due to rising environmental concerns, along with hiking adoption from new end users such as the automotive, manufacturers, and construction industries, increasing demand from the aerospace and defence industry, and a rise in the demand for products due to their lightweight, outstanding strength, and design flexibility in this region. The European market has seen a rise in the demand for lightweight and fuel-efficient vehicles, leading to a higher consumption of organosheets in the automotive industry. Additionally, Europe's wide base of electric car manufacturers has increased demand for organ sheets, as these vehicles require lightweight materials for improved efficiency. The export-oriented nature of its industries contributes to the dynamic growth and development of the organosheet market across Europe.
Recent Developments-
- In July 2023, Lanxess AG and Covestro AG announced a strategic partnership to merge their polyamide 6,6 businesses. The combined company will have pro forma revenue of almost USD 5.51 Billion (E.U.R. 5 billion), making it the largest producer of polyamide 6,6 in the world. Subject to regulatory approvals, the acquisition is anticipated to close in the second half of 2024.
- In Feb 2024, SGL Carbon S.E. is studying a number of strategic alternatives for the Carbon Fibers (C.F.) Business Unit. Among these is the potential for the Business Unit to be divested entirely or in part. First, prospective buyers will be contacted as soon as possible and provided with the Business Unit's general statistics to gauge their interest in a possible acquisition.
Organosheet Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 0.56 Bn |
|
Revenue Forecast In 2031 |
USD 1.35 Bn |
|
Growth Rate CAGR |
CAGR of 11.81% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn, Volume (KT) and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Fibre Type, Resin Type and Application |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Ensinger, Toray Industries Inc., Johns Manville, Haufler Composites, SGL Carbon S.E., Profol GmbH, Lanxess AG, Porcher Industries, Kingfa Science & Technology Co. Ltd., Mitsubishi Chemical Group Corporation, Teijin Limited, Avient Corporation, Kordsa Teknik Tekstil A.S., BUFA, SABIC, Valeo SE, Gividi Fabrics S.R.L., Maruhachi, Jiangsu Qiyi Technology Co., Ltd. and Other market players. |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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