Press release
US Thermoplastic Composites Market to Surpass USD 15.8 Billion by 2035 | DataM Intelligence
US Thermoplastic Composites Market
The US Thermoplastic Composites Market is projected to grow significantly from USD 6.26 billion in 2024 to USD 15.8 billion by 2035, expanding at a CAGR of 8.8% (2025-2035), according to DataM Intelligence. The market's growth is primarily driven by the rapid adoption of lightweight composite materials across automotive and aerospace sectors, fueled by an increased demand for fuel-efficient and eco-friendly solutions.
Thermoplastic composites are reshaping the U.S. industrial landscape by offering strong, recyclable, and durable alternatives to conventional materials. Ongoing technological innovations such as automated fiber placement, recycled composite materials, and additive manufacturing techniques are transforming production efficiency and design flexibility, reinforcing the country's leadership in advanced materials manufacturing.
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Key Highlights from the Report
➤ The US thermoplastic composites market expected to grow at a CAGR of 8.8% from 2025 to 2035.
➤ Market valuation to reach USD 15.8 billion by 2035, up from USD 6.26 billion in 2024.
➤ Rapid adoption in automotive and aerospace industries for fuel efficiency and emission reduction.
➤ Surge in demand for recycled and sustainable materials in line with U.S. environmental policies.
➤ Technological advances such as automated fiber placement boost cost-effectiveness and performance.
➤ Active collaborations between R&D institutions and manufacturers enhance composite innovation.
Market Segmentation
The US Thermoplastic Composites Market is segmented by resin type, fiber type, product type, and application, reflecting its wide-ranging industrial relevance.
Within resin types, polyamide dominates, thanks to its toughness and thermal stability that suit aerospace and automotive components. Polypropylene offers cost efficiency across consumer and industrial products, while PEEK is growing rapidly as a high-performance resin used in medical and aerospace applications. Hybrid resins, combining material strengths, are increasingly favored for customized design solutions.
By fiber type, glass fiber leads due to affordability and strong durability, extensively used in automotive and construction. Meanwhile, carbon fiber is gaining ground for its superior strength-to-weight ratio, essential for high-performance vehicles and aircraft. A newer segment, natural fibers, is expanding amid sustainability drives.
Across product types, Short Fiber Thermoplastics (SFT) and Long Fiber Thermoplastics (LFT) hold substantial shares, recognized for versatility and mechanical performance. Continuous Fiber Thermoplastics (CFT) are widely preferred in high-stress aerospace applications, while Glass Mat Thermoplastics (GMT) remain a cost-efficient and easily processed solution for mass manufacturing.
In terms of application, the highest demand stems from automotive & transportation and aerospace & defense sectors. The materials' lightweight structure and low maintenance make them essential for producing energy-efficient vehicles and aircraft. Increasing usage in consumer goods and construction signals further market diversification.
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Regional Insights
The U.S. leads the global thermoplastic composites industry due to rising demand from transport, defense, and infrastructure sectors. Government emphasis on sustainable manufacturing practices and carbon emission reduction is promoting higher use of recyclable, lightweight composites.
Collaboration between companies and research institutions across regions is accelerating the development of high-performance thermoplastic materials suited for domestic aerospace, automotive, and electrical markets. Additionally, the increasing adoption of automation technologies in composite manufacturing facilities is strengthening the country's industrial competitiveness globally.
Market Dynamics
Market Drivers:
Rapid industrialization, combined with the growing need for fuel-efficient vehicles and lightweight aircraft, is driving adoption. Technological innovation in fiber reinforcement, recyclability, and molding processes is further boosting demand.
Market Restraints:
High raw material costs and complex production setups are limiting mass adoption, particularly among smaller manufacturers with limited technological capabilities.
Market Opportunities:
Development of high-strength, sustainable composites, together with rising demand in electric vehicle manufacturing and construction, presents promising growth prospects. Expansion in additive manufacturing and 3D-printed composite components will open new frontiers in product customization.
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Reasons to Buy the Report
✔ Offers a comprehensive analysis of market trends and growth forecasts through 2035.
✔ Covers detailed segmentation by resin, fiber, product, and application types.
✔ Provides insight into leading players shaping technological advancements.
✔ Highlights innovations in sustainability and recycled thermoplastic solutions.
✔ Assists strategic planning for manufacturers entering the high-performance composites segment.
Frequently Asked Questions (FAQs)
◆ How big is the US thermoplastic composites market in 2025?
◆ What is the projected CAGR of the US thermoplastic composites market?
◆ Who are the key players in the US thermoplastic composites industry?
◆ Which applications are driving the demand for thermoplastic composites?
◆ What are the major trends shaping the future of this market?
Company Insights
SABIC
Mitsubishi Chemical Corporation
Hexcel Corporation
Solvay
PolyOne Corporation
Cytec Solvay Group
Lanxess
Schulman
Continental Structural Plastics
Toray Industries
DuPont
Eastman Chemical Company
BASF
Teijin Limited
Recent Developments:
In September 2023, Hexcel Corporation introduced advancements in lightweight composite technologies for aerospace applications, enhancing fuel efficiency and structural durability.
In August 2023, LANXESS completed the acquisition of a thermoplastic composite division from A. Schulman to strengthen its product portfolio.
Other notable developments include Solvay's collaboration with leading automotive manufacturers to improve composite production efficiency and Teijin Limited's strategic stake acquisition in Toray Industries to co-develop advanced materials.
Conclusion
The US Thermoplastic Composites Market is entering a transformative growth phase, powered by advanced automation, sustainable materials innovation, and a national emphasis on environmentally responsible manufacturing. With thriving demand from automotive, aerospace, and construction industries, the market's upward trajectory is set to continue, positioning the United States at the forefront of global thermoplastic composite technology through 2035.
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Mr. Sai Kiran
DataM Intelligence 4market Research LLP Ground floor
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USA: +1 877-441-4866
Email: Sai.k@datamintelligence.com
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About Us
DataM Intelligence 4Market Research is a comprehensive market intelligence platform offering syndicated and customized reports along with expert consulting across multiple industries, including chemicals, healthcare, agriculture, food & beverages, and more. With extensive experience and a strategy-focused approach, DataM provides businesses and individuals with reliable market insights, statistical forecasts, and personalized research solutions to help them make informed decisions and successfully bring innovations to market.
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