Organosheet Market

The organosheet market is estimated at USD 0.6 billion in 2023 and is projected to reach USD 1.0 billion by 2028, at a CAGR of 12.0% from 2023 to 2028. The beneficial properties of organosheet make them suitable for various applications. Because of the materials' recyclability, organosheet can meet new sustainability standards. It can be used in fast processes like thermoforming and over-molding to produce large, cost-effective components while maintaining high visual quality.

Organosheet are thin thin-walled, fully consolidated fiber thermoplastic semi-finished products. They are made up of fabrics embedded in a thermoplastic plastic matrix that have has been compressed. The thermoplastic matrix has the advantage of allowing semi-finished products to be hot hot-formed. The molding method originated in sheet metal processing and has been refined for composite materials.

Attractive Opportunities in Organosheet Market Trends

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Organosheet Market Dynamics

Driver: High durability and fatigue resistance

Thermoplastic organosheet offer durability due to their high resistance to the environment and fatigue. The thermoplastic organ sheet is lighter than traditional thermoset composite prepregs. The weight advantage of thermoplastic organosheet can be attributed to their inherent characteristics, such as lower density and the ability to form thinner and lighter structures, making them suitable for aerospace, automotive, and sports equipment applications.

Restraint: High processing and manufacturing costs

Thermoplastic organosheet reinforced with advanced fibers, such as carbon or glass, can be relatively more expensive than traditional materials, such as thermoset tapes. High-performance thermoplastic resins and advanced fiber reinforcements in thermoplastic organosheet can be costly. The production volume of thermoplastic organosheet is lower than traditional materials, resulting in higher per-unit costs. However, this cost barrier can limit their widespread adoption, particularly in industries with stringent cost constraints.

Opportunity: High demand for electric vehicles

The future of the electric vehicle (EV) market presents significant opportunities for the use of using thermoplastic organosheet. As the automotive industry undergoes a transformation transforms with the acceleration of electrification, the need for efficient, high-performance solutions is efficient, high-performance solutions are paramount, . Thermoplastic organosheet, with their high-performance composites made of a fabric of long glass fibers embedded in a thermoplastic matrix, are being recognized as a key material in this context.

Challenge: Developing low-cost technologies

The high cost of composites has been an important concern for their use in structural applications. The potential of composites has not yet been realized owing to R&D costs, high manufacturing costs, and increased cycle times. Many applications of aerospace composites have been discovered, but due to high-cost constraints, the commercialization of these applications is yet to get started. Owing to the high R&D costs, developing low-cost technologies is a major challenge for all researchers and key manufacturers.

Ecosystem: Organosheet Market

Based on the application, the transportation segment is estimated to account for the highest CAGR in the organosheet market share during the forecast period.

Organosheet is mainly used in aerospace & defense, transportation, sports & leisure, construction, and other applications, including industrial, energy, and consumer electronics. Organosheet find use in automotive manufacturing due to their lightweight nature and ease of processing. They replace metal parts, contributing to weight reduction and improved fuel efficiency. Organosheet are employed in sports equipment like tennis rackets, bicycle frames, and snowboards. Their high strength-to-weight ratio enhances performance.

Based on fiber type, carbon fiber is anticipated to register the highest CAGR in the organosheet market.

Carbon fiber organosheet are composite materials of lightweight carbon fibers embedded in a thermoplastic matrix, usually a high-performance polymer such as PEEK, PPS, or PEI. Compared to traditional materials and other organosheet types, they boast a unique blend of properties that make them highly desirable across automotive, sports, and leisure applications.

Europe to hold the largest market share during the forecast period.

Strict regulations such as the EU Green Deal force automakers to lighten their vehicles, which is increasing the adoption of organosheet that provide high strength to weight ratios by automobile manufacturers to build automotive parts . Beyond automobiles, the sports and leisure sector and electric mobility solutions are adopting organosheet for battery enclosures, interior parts, kayaks, and other applications. Germany is at the forefront of the pack with its large automotive industry, stringent green legislation, and aggressive recycling ambitions. Despite ongoing Brexit worries, the UK follows closely with similar environmental ambitions and a strong electric vehicle sector.

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Key Market Players

The organosheet market is dominated by a few globally established players. Ensinger (Germany), Toray Industries Inc. (Japan), Johns Manville (US), Haufler Composites (Germany), SGL Carbon SE (Germany), Profol GmbH (Germany), Lanxess AG (Germany), Porcher Industries (Germany), Kingfa Science & Technology Co. Ltd. (China), Mitsubishi Chemical Group Corporation (Japan), Teijin Limited (Japan), Avient Corporation (US), Kordsa Teknik Tekstil A.S. (Turkiye), BUFA(Germany), SABIC (Saudi Arabia), among others, are the main producers who have won significant contracts recently. Since global requirements are changing, contracts and new product development have received the majority of attention.

These companies are attempting to establish themselves in the organosheet market by employing a range of inorganic and organic approaches. A thorough competitive analysis of these major organosheet market participants is included in the research, along with information on their company profiles, most recent advancements, and important market strategies.

Read More: Organosheet Companies

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Scope of the Report

The study categorizes the organosheet market based on Fiber Type, Resin Type, Application, and Region.

By Fiber Type

• Carbon Fiber
• Glass Fiber

By Resin Type

• PA
• PP
• PC
• PEEK
• Others

By Application

• Aerospace & Defense
• Transportation
• Sports & Leisure
• Construction
• Others

By Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa

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 (EUR 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 April 2023, Johns Manville expands its Neomera portfolio with the launch of Neomera NCF-777, a high-performance, flame-retardant thermoplastic composite sheet for demanding aerospace applications. This new product offers exceptional mechanical properties, chemical, and fire resistance, making it ideal for structural components in aircraft interiors and exteriors.
• In September 2022, Johns Manville launched Neomera® PX 3000, a new line of high-performance, compression-molded thermoplastic composite sheets for the automotive sector. These sheets are perfect for lightweight interior and exterior components since they have good stiffness, strength, and surface polish.
• In February 2022, Ensinger acquires the StyLight® thermoplastic composite business from INEOS Styrolution. It adds SAN SAN-based products and rebranded StyLight to TECATEC.
• In November 2020, SGL Carbon and Koller Kunststofftechnik partnered to manufacture novel carbon fiber profiles for windshields for a future high-volume BMW Group model. This helped SGL Carbon improve its automobile product applications and increase the demand for automotive carbon fiber thermoplastic composites.

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