Press release
Thermoplastic Composites Market: Trends, Opportunities and Competitive
Key data points: The market size in 2024 = $22.6 billion, growth forecast = 5% annually next 7 years. Scroll below to get more insights. This market report covers trends, opportunities, and forecast in the global thermoplastic composite market to 2031
According to the recent study the thermoplastic composites market is projected to reach an estimated $32 billion by 2031 with a CAGR of 5% 2024 to 2031. Growth in this market is primarily driven by growing demand for lightweight and environmentally sustainable materials, and the replacement of metals with composites in different end use industries.
A more than 150-page report to understand trends, opportunity and forecast in thermoplastic composites market by end use (transportation, consumer goods, construction, industrial, and others), material type (SFT, LFT, GMT, and CFT), reinforcement type (glass fiber, and carbon fiber and other), resin type (PP, PA, PBT, others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that transportation by end use will remain the largest end use segment over the forecast period due to increasing demand for lightweight materials
SFT thermoplastic composites will remain the largest segment by material over the forecast period due to its wide usage in injection molding part fabrication.
Download sample by clicking on thermoplastic composites market
Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to growing demand for lightweight and environmentally sustainable composite materials from the end use industries.
Toray Industries Inc., Syensqo, Celanese Corporation, SABIC, BASF SE, DuPont, LANXESS, Hanwha Corporation, RTP Company are the major supplier in the thermoplastic composites market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact: Roy Almaguer Lucintel Dallas, Texas, USA Email: roy.almaguer@lucintel.com Tel. +1-972-636-5056
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