Global Thermoplastic Composites Market Growth 2025-2031

The global Thermoplastic Composites market size is predicted to grow from US$ 13500 million in 2025 to US$ 16520 million in 2031; it is expected to grow at a CAGR of 3.4% from 2025 to 2031.

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.

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.

LP Information, Inc. (LPI) ' newest research report, the “Thermoplastic Composites Industry Forecast” looks at past sales and reviews total world Thermoplastic Composites sales in 2024, providing a comprehensive analysis by region and market sector of projected Thermoplastic Composites sales for 2025 through 2031. 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.

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.

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 analysing 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 by Type, by Application?

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