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Thermoplastic Composites Market is anticipated to increase to US$ 44.87 Billion by 2030

11-07-2024 01:11 PM CET | Chemicals & Materials

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD

Thermoplastic Composites Market

Thermoplastic Composites Market

The ๐“๐ก๐ž๐ซ๐ฆ๐จ๐ฉ๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐‚๐จ๐ฆ๐ฉ๐จ๐ฌ๐ข๐ญ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ was valued at US$ 25.89 Bn in 2023 and is expected to reach US$ 44.87 Bn by 2030, at a CAGR of 8.17 % during a forecast period.

๐“๐ก๐ž๐ซ๐ฆ๐จ๐ฉ๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐‚๐จ๐ฆ๐ฉ๐จ๐ฌ๐ข๐ญ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

Thermoplastic composites have evolved from traditional polymer-based materials, offering a thermoplastic matrix that maintains stability even under high heat. These composites are gaining significant traction in industries like automotive, aerospace, construction, and materials handling due to their lightweight, high strength, and excellent formability properties. Unlike thermoset composites, thermoplastic composites can be reshaped and recycled without undergoing chemical changes, making them a sustainable and cost-effective solution.

๐†๐ž๐ญ ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/514/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐“๐ก๐ž๐ซ๐ฆ๐จ๐ฉ๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐‚๐จ๐ฆ๐ฉ๐จ๐ฌ๐ข๐ญ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

The thermoplastic composites market is propelled by the growing adoption of these materials as substitutes for metals like steel and aluminum. Industries are increasingly turning to thermoplastic composites for their lightweight properties, which lead to enhanced fuel efficiency and reduced emissions. In particular, the automotive and aerospace sectors are major contributors to this demand, as they seek to produce lighter, faster, and more efficient vehicles and aircraft. The rise of electric vehicles (EVs) has further boosted the demand for thermoplastic composites due to their role in reducing the overall weight of the vehicle, improving battery efficiency and performance.

๐“๐ก๐ž๐ซ๐ฆ๐จ๐ฉ๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐‚๐จ๐ฆ๐ฉ๐จ๐ฌ๐ข๐ญ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

The demand for thermoplastic composites is being shaped by key trends such as the shift towards lightweight materials in the automotive and aerospace industries. Glass fiber-reinforced composites, in particular, are expected to continue dominating the market, with increasing interest from developing economies, especially for applications such as pipes and infrastructure. Additionally, the emphasis on sustainability is pushing manufacturers to explore materials that are not only strong and durable but also recyclable. Technological advancements in processing techniques and material formulations are also contributing to the growing appeal of thermoplastic composites, making them more versatile and cost-effective.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/514/

๐“๐ก๐ž๐ซ๐ฆ๐จ๐ฉ๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐‚๐จ๐ฆ๐ฉ๐จ๐ฌ๐ข๐ญ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ:

Thermoplastic composites present numerous opportunities for innovation and market growth. The rising production of electric vehicles (EVs) is one such opportunity, as the lightweight properties of thermoplastic composites play a crucial role in enhancing vehicle performance and energy efficiency. Furthermore, the aerospace industry is expanding rapidly, creating a demand for advanced composite materials that can meet the growing need for lighter and faster aircraft. The development of new composite materials, coupled with cost-effective manufacturing processes, is opening up new applications across other sectors such as construction, electronics, and energy, further fueling the market's growth.

๐–๐ก๐š๐ญ ๐ข๐ฌ ๐“๐ก๐ž๐ซ๐ฆ๐จ๐ฉ๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐‚๐จ๐ฆ๐ฉ๐จ๐ฌ๐ข๐ญ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ?

Regionally, the Asia Pacific holds a dominant position in the global thermoplastic composites market, driven by its vast automotive manufacturing base and rapid industrial expansion. China, in particular, is a key player, contributing significantly to the global composite material production. The region's growing middle class, aging population, and urbanization trends are creating a robust demand for advanced materials across various sectors, including automotive, aerospace, and electronics. As these industries continue to grow, particularly in emerging markets, the demand for thermoplastic composites is expected to see sustained growth in the region.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ? ๐†๐ซ๐š๐› ๐˜๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/514/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐“๐ก๐ž๐ซ๐ฆ๐จ๐ฉ๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐‚๐จ๐ฆ๐ฉ๐จ๐ฌ๐ข๐ญ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

by Fiber Type

Carbon Fiber
Glass Fiber
Others

by Resin Type

Polyamide
Polypropylene
Others

by Product Type

Long Fiber
Continuous Fiber
Short Fiber
Glass Mat

by Application

Transportation
Aerospace & Defense
Electrical & Electronics
Others

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐“๐ก๐ž๐ซ๐ฆ๐จ๐ฉ๐ฅ๐š๐ฌ๐ญ๐ข๐œ ๐‚๐จ๐ฆ๐ฉ๐จ๐ฌ๐ข๐ญ๐ž๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

1. Hexcel Corporation
2. Celenase Corporation
3. Dowdupont Inc.
4. Tencate
5. Solvay
6. Toray Industries, Inc.
7. SABIC
8. Polyone Corporation
9. Mitsubishi Chemical Advanced Materials
10. Covestro AG
11. Victrex plc.
12. SGL Group
13. Techno compound gmbh
14. SUPREM SA
15. Kingfa SCI. & TECH. CO., LTD
16. Daicel Polymer Ltd
17. RTP Company
18. Ascend performance materials llc.
19. Lanxess A.G.
20. BASF SE
21. Arkema
22. Royal Tencate NV
23. Cytec Industries
24. Bayer MaterialScience
25. Royal DSM

๐Š๐ง๐จ๐ฐ ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/thermoplastic-composites-market/514/

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

Past Market Size and Competitive Landscape
Thermoplastic Composites Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Thermoplastic Composites Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Œ๐จ๐ซ๐ž: ๐•๐ข๐ฌ๐ข๐ญ ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฌ๐ข๐ญ๐ž ๐Ÿ๐จ๐ซ ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

โ™ฆ Machine Tool Market https://www.maximizemarketresearch.com/market-report/machine-tool-market/122454/

โ™ฆ Global Project Portfolio Management Market https://www.maximizemarketresearch.com/market-report/project-portfolio-management-market/79564/

โ™ฆ Cultivated Meat Market https://www.maximizemarketresearch.com/market-report/cultivated-meat-market/152811/

โ™ฆ Global Wave Energy Converter Market https://www.maximizemarketresearch.com/market-report/wave-energy-converter-market/164740/

โ™ฆ Warehouse Automation System Market https://www.maximizemarketresearch.com/market-report/warehouse-automation-system-market/167432/

โ™ฆ Global Healthcare Chatbot Market https://www.maximizemarketresearch.com/market-report/global-healthcare-chatbots-market/240/

โ™ฆ Flavors and Fragrances Market https://www.maximizemarketresearch.com/market-report/flavors-and-fragrances-market/121756/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

MAXIMIZE MARKET RESEARCH PVT. LTD.
โฎ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
โœ† +91 9607365656
๐Ÿ–‚ sales@maximizemarketresearch.com
๐ŸŒ www.maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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