According to the recent study the global thermoplastic composites market is projected to reach an estimated $32 billion by 2031 with a CAGR of 5% from 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 global 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.
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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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