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Thermoplastic Composites Market By Fiber Type, Growth Strategies, Manufacturers, Suppliers And Forecast By 2029
Based on previous market performance, the Thermoplastic Composites market is expected to reach USD 33.5 billion in size by 2029. With a 3.27% CAGR.Thermoplastic Composites Market Overview:
The automotive, construction, and aerospace industries are currently driving the global market for thermoplastic composites. The usage of thermoplastic composites in the aerospace and defense sector aims to reduce corrosion and overall weight of the aircraft construction. In addition, maintenance expenses for airplanes made of composite materials have fallen dramatically when compared to those for those made of conventional materials.
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The global market is being driven by the rising demand for thermoplastic composites in the production of lightweight automotive components. Global adoption of electric vehicles, increased disposable income, and expanding use of thermoplastic composites across a range of end-use sectors are major drivers of market expansion.
Based on our expert's analysis the players that are leading the market includes: BASF SE, Celanese Corporation, SABIC, DowDuPont Inc., Koninklijke DSM N.V., Toray Indtries, Inc., Solvay, Lanxess AG, and others. and Others.
The whole market is segmented as follows:
Thermoplastic Composites Market by Fiber Type, 2022-2029, (USD Millions, Kilotons)
Glass
Carbon
Mineral
Thermoplastic Composites Market by Resin Type, 2022-2029, (USD MILLIONS, Kilotons)
PA
PP
Peek
Hybrid
Thermoplastic Composites Market by End-Use Industry, 2022-2029, (USD Millions, Kilotons)
Transportation
Consumer Goods & Electronics
Wind Energy
Sports & Leisure
Construction
Aerospace & Defense
Industry Developments:
To accelerate its technological advancement in the engineering plastics industry, Mitsubishi Advanced Chemical Materials purchased Advanced Polymer Technologies (US) in June 2019. This acquisition will enable the business to provide the medical, electrical & electronics, and aerospace & defense industries with improved solutions.
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Thermoplastic Composites Market' s top organizations are operating in a dynamic set-up, wherein they are required to incorporate unprecedented advances to reap benefits from the latest and upcoming information technologies and industry trends.
Regional Analysis:
This report is segmented into several key Regions, with production, consumption, revenue and market share and growth rate of Thermoplastic Composites Market. These regions, from 2022 To 2029, covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) and ROW.
Our Market Intelligence reports give our clients the information they need to maintain a competitive edge in the marketplace. Competitor Analysis and Profiling studies delve further into a company's competitive strengths and shortcomings. Market assessments conducted by SIS reveal market opportunities, size, and viability.
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