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Monday, October 25, 2021

Lucintel forecasts thermoplastic resin in the global automotive composites market to reach $4.7 billion by 2026

According to the recent study the thermoplastic resin in the global automotive composites market is projected to reach an estimated $4.7 billion by 2026 from $3.2 billion in 2020, at a CAGR of 4.9% from 2021 to 2026. Growth in this market is primarily driven by increasing demand for lightweight material as well as high performance materials in different application of automotive markets.

Browse 127 figures / charts and 101 tables in this 241 -page report to understand trends, opportunities and forecast in thermoplastic resin in the global automotive composites market by application (exterior, interior, powertrain system, under body system, chassis system, electrical and electronics and others), material type (short fiber thermoplastics (SFT), long fiber thermoplastics (LFT), continuous fiber thermoplastics (CFT), and glass mat thermoplastics (GMT) and others), resin type (polypropylene (PP), polyamide (PA), polybutylene terephthalate (PBT), and others),and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/thermoplastic-resin-in-automotive-composites-market.aspx

“Polyamide (PA) market is expected to remain the largest segment during the forecast period.”

Based on resin, the thermoplastic resin in the global automotive composites market is segmented into polypropylene (PP), polyamide (PA), polybutylene terephthalate (PBT), and others. Lucintel forecasts that the polyamide (PA) is expected to witness the largest segment over the forecast period because it is very tough material, with excellent all-round chemical resistance.

“Within the thermoplastic resin in the global automotive composites market, the powertrain system segment is expected to remain the largest end use industry.”

Based on application, the powertrain system segment is expected to witness the largest segment over the forecast period due to increasing penetration of composites materials in automotive industry.

“Europe will dominate the thermoplastic resin in the global automotive composites market in near future.”

Europe is expected to be the largest region and ROW is expected to experience the highest growth over the forecast period due to growth in end use industries.

Download Brochure of this report by clicking on https://www.lucintel.com/thermoplastic-resin-in-automotive-composites-market.aspx

Major players of thermoplastic resin in the global automotive composites market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. BASF SE, SABIC, DSM NV, DuPont, Celanese, Cytec Solvay, Hanwha and Lanxess are among the major thermoplastic resin in the global automotive composites providers.

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 click on this link https://www.lucintel.com/thermoplastic-resin-in-automotive-composites-market.aspx or helpdesk@lucintel.com.

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. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email:
brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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