Global Thermoplastic Composites Industry is Estimated to Reach $8.2 billion by 2014

Recent advances in materials, technologies, and customer awareness continue to create new opportunities in a variety of applications and end markets for thermoplastic composite materials (TPCs). The use of TPCs has increased rapidly over the last decade and there is every indication that this trend will continue. The attraction of thermoplastic composite materials primarily stems from its ability to replace standard light-weight/high-strength metals with even lighter-weight/higher-strength alternatives. TPCs have also become more popular, especially in terms of having a higher recycling profile. The growth of the thermoplastic composite materials industry is largely driven by the desire of OEMs to reduce part weight and system costs. The future of the global thermoplastic composites industry looks very prosperous through 2014 and beyond. Innovative materials such as LFRT, D-LFT, LWRT and CFRTPC materials are expected to realize impressive growth rates during the next five years. Demand for TPC materials in global markets is expected to grow from 2009 to $8.2 billion in 2014.

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