Thermoplastic Composites Market to Witness Huge Growth by Key Players: BASF SE, Celanese Corporation, SABIC, DowDuPont Inc and Others.

The research reports on “Thermoplastic Composites Market” report gives detailed overview of factors that affect global business scope. Thermoplastic Composites Market report shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions and growth factors.

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The Global Thermoplastic Composites Market size is projected to grow from USD 22.2 Billion in 2020 to USD 31.8 Billion by 2025, at a CAGR of 7.5% between 2020 and 2025.

Top Companies Profiled in the Thermoplastic Composites Market:
• BASF SE (Germany)
• Celanese Corporation (US)
• SABIC (Saudi Arabia)
• DowDuPont Inc. (US)
• Koninklijke DSM N.V. (Netherlands)
• Toray Industries, Inc. (Japan)
• Lanxess AG (Germany)
• Mitsubishi Chemical Holdings Corporation (Japan)
• SGL Group (Germany)
• Solvay (Belgium)

Carbon fiber thermoplastic composites are projected to register the highest CAGR in terms of value between 2020 and 2025. Carbon fiber is twice as strong, and 30% lighter compared to glass and natural fiber and has been used in high end applications to offer FST properties, light weight, corrosion resistance, and high strength.

PEEK based thermoplastic composites have high demand in the aerospace & defense, automotive, and medical industries. PEEK resin offers extreme toughness and high environmental and fire resistance properties. PEEK resin-based thermoplastic composites offer improved thermal stability in high-temperature applications and are resistant to chemicals and fatigue environments.

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The aerospace & defense industry would register the highest CAGR in terms of value during the forecast period due to increasing demand for interior applications in the aircraft. The thermoplastic composites offer properties such as light weigh, increased fuel efficiency, FST properties, corrosion resistance, and ability to mold into different and complex shapes.

Breakdown of primary participants’ profile:
• By Company Type- Tier 1- 40%, Tier 2- 33%, and Tier 3- 27%
• By Designation- C Level- 50%, Director Level- 20%, and Others- 30%
• By Region- North America- 20%, Europe- 50%, APAC- 15%, Latin America-5%, MEA-10%,

Competitive Landscape of Thermoplastic Composites Market:
1 Introduction
2 Competitive Leadership Mapping
3 Strength of Product Portfolio
4 Business Strategy Excellence
5 Market Ranking
6 Market Share Analysis
7 Competitive Scenario

Research Coverage:
This report covers the global composites market and forecasts the market size until 2024. The report includes the market segmentation – Fiber Type (Glass, Carbon, Mineral and Other), Resin Type( PA, PP, PEEK, Hybrid, Others), Product Type (SFT, LFT, CFT, GMT), End-use Industry (Aerospace & Defense, Wind Energy, Transportation, Construction, Consumer goods & electronics. Sports & leisure, and Others) and Region (Europe, North America, APAC, Latin America, and MEA).

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