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Global Automotive Thermoplastic Polymer Composite Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Thermoplastic polymer composites are a type of composite material made of reinforcing fibers and thermoplastic polymers. These composites have a number of benefits, including a high strength-to-weight ratio, excellent thermal stability, and corrosion resistance. They have a wide range of uses in the automotive industry, including interior and exterior body panels, structural assemblies, and powertrain parts.
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The largest thermoplastic composites market worldwide is in APAC, which is also expected to grow at the highest CAGR between 2020 and 2025. The high domestic demand for thermoplastic composites in applications for consumer goods, electronics, aerospace and defense, and transportation propels the APAC region to lead the thermoplastic composites market. Major producers of thermoplastic composites, like Toray Industries, Inc. (Japan), are operating under COVID-19's adverse conditions while adhering to all of its regulations. Additionally, after 2020, there will be a rise in demand for thermoplastic composites in the region due to the recovery of all industries and the high-performance characteristics of these materials.
Some of the key players in Automotive Thermoplastic Polymer Composite market include AVANCO GmbH, Avient Corporation, BASF SE, Celanese Corporation, Gurit Holding, Johns Manville, Jushi Group, Kineco, Lanxess AG, Mitsubishi Chemical Corporation, Nippon Sheet Glass, Owens Corning, SABIC, SGL Group, Solvay, Teijin Limited, Ten cate, The Dow Chemical Company and Toray Industries Inc.
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