Global Thermoplastic Composites Market Growth 2023-2029

Global Thermoplastic Composites Market Growth 2023-2029

Thermoplastic composites refer to composite materials made of thermoplastic resin reinforced with long fiber, short fiber and continuous fiber. A thermoplastic plastic is a polymer that becomes pliable or moldable above a specific temperature and solidifies upon cooling. The fibers are usually glass, carbon, and aramid. The thermoplastic resin is usually PA, PP, PBT, PPEK, PEKK, PPA, PPS, PSU, etc.

Thermoplastic composites are commonly used in aerospace/aviation/aviation, automotive, marine, consumer goods, electrical and electronics.

LPI (LP Information)' newest research report, the “Thermoplastic Composites Industry Forecast” looks at past sales and reviews total world Thermoplastic Composites sales in 2022, providing a comprehensive analysis by region and market sector of projected Thermoplastic Composites sales for 2023 through 2029. With Thermoplastic Composites sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Thermoplastic Composites industry.

This Insight Report provides a comprehensive analysis of the global Thermoplastic Composites landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Thermoplastic Composites portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Thermoplastic Composites market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermoplastic Composites and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Thermoplastic Composites.

The global Thermoplastic Composites market size is projected to grow from US$ 12640 million in 2022 to US$ 16000 million in 2029; it is expected to grow at a CAGR of 16000 from 2023 to 2029.

Leading players in Thermoplastic Composites industry are BASF, Lanxess, DSM, SABIC, PolyOne, DuPont and Solvay. BASF is the largest manufacturer, with the production market share of 8%. The top four companies occupied about 25% production share of the market.

China is the dominate producer of thermoplastic composites, accounting for about 30% of the total amount, followed by Europe, with the production market share of 29% and North America, with the production market share of 27%.

Automotive accounted for the largest market with about 33% of the global consumption volume for Thermoplastic Composites. With over 24% share in the thermoplastic composites market, Aerospace/Aviation was the second largest application market.

This report presents a comprehensive overview, market shares, and growth opportunities of Thermoplastic Composites market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Glass Fiber

Carbon Fiber

Others

Segmentation by application

Automotive

Aerospace/Aviation

Electrical and Electronics

Consumer Goods

Oil & gas

Medical

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

BASF

Lanxess

DSM

SABIC

PolyOne

DuPont

Solvay

RTP

Celanese

Toray

TenCate

Teijin Limited

Kingfa Science and Technology

Genius

Key Questions Addressed in this Report

What is the 10-year outlook for the global Thermoplastic Composites market?

What factors are driving Thermoplastic Composites market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Thermoplastic Composites market opportunities vary by end market size?

How does Thermoplastic Composites break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.