Press release
Thermoplastic Composite Market Size and Forecast to Grow at a CAGR of 6.75% By 2021
Thermoplastic composites are made from fibers and thermoplastic materials that melt when processed with heat. They are recyclable, and their shape is reversible. These types of composites are recyclable in nature. Thermoplastic composites are used to provide toughness and damage-resistant properties to the product. They are used in the transportation and aerospace and defense industries. They are extensively used in the electrical and electronics and consumable goods sectors.
Technavios analysts forecast the global thermoplastic composite market to grow at a CAGR of 6.75% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global thermoplastic composite market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Thermoplastic Composite Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
BASF
Celanese Corporation
DuPont
LANXESS
SABIC
Other prominent vendors
Arkema
Hanwha Azdel
PlastiComp
Polymer
RTP
SGL Group
Solvay
Quadrant
Market driver
Better performance than thermoset composites
For a full, detailed list, view our report
Market challenge
Expensive nature of thermoplastic composites
For a full, detailed list, view our report
Market trend
Growing application in automotive industry
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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