Global Thermoplastic Composites Market 2024-2028

Global Thermoplastic Composites Market 2024-2028

Global Thermoplastic Composites Market 2024-2028

The thermoplastic composites market is forecasted to grow by USD 8637.9 mn during 2023-2028, accelerating at a CAGR of 7.23% during the forecast period. The report on the thermoplastic composites market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by advancements in materials science and manufacturing technologies, growth of oil and gas industry, and increased demand from construction industry in emerging economies.

Technavio's thermoplastic composites market is segmented as below:

• By Product
• Short fiber thermoplastics
• Long fiber thermoplastics
• Continuous fiber thermoplastics
• Glass mat thermoplastics
• By End-user
• Aerospace and defense
• Consumer goods and electronics
• Automotive
• Construction
• Others
• By Resin Type
• Polyamide
• Polypropylene
• Polyetheretherketone
• Hybrid
• Others
• By Fiber Type
• Glass fiber
• Carbon fiber
• Mineral fiber
• Others
• By Geographical Landscape
• APAC
• North America
• Europe
• South America
• Middle East and Africa

This study identifies the developments in thermoplastic composites industry as one of the prime reasons driving the thermoplastic composites market growth during the next few years. Also, increasing adoption of thermoplastic composite materials in evs and emergence of bio-based thermoplastics composites will lead to sizable demand in the market.

The report on the thermoplastic composites market covers the following areas:

• Thermoplastic composites market sizing
• Thermoplastic composites market forecast
• Thermoplastic composites market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading thermoplastic composites market vendors that include Arkema Group., Avient Corp., BASF SE, Celanese Corp., Covestro AG, Daicel Corp., DuPont de Nemours Inc., Greene Tweed and Co., Hanwha Corp., Kingfa SCI. and TECH. Co. Ltd., Koninklijke DSM NV, Lanxess AG, Mitsubishi Chemical Group Corp., RTP Co., Saudi Basic Industries Corp., SGL Carbon SE, Solvay SA, Suprem SA, Toray Industries Inc., and Victrex Plc. Also, the thermoplastic composites market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.