Global Thermoplastic Composite Market 2023: Demand, Key Driven Factors, Market Scenario, Top Manufac

Thermoplastic Composite Market Segments

The Business Research Company segments it’s Thermoplastic Composite market report as:

By Product Type

By Fiber Type

Short Fiber Thermoplastics, Glass Mat Thermoplastics, Long Fiber

Thermoplastics, Continuous Fiber Thermoplastics

By Resin Type

Glass Fiber, Carbon Fiber, Other Fiber Types

By End-Use Industry

Polypropylene (PP), Polyamide (PA), Polyetheretherketone (PEEK), Other Resin Types

Transportation, Consumer Goods And Electronics, Wind Energy, Sports And Leisure, Construction, Aersopace And Defense, Other End Users

Thermoplastic Composite Market Statistics

The global thermoplastic composite market size grew from $18.01 billion in 2022 to $19.22 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The thermoplastic composite market size is expected to grow to $24.29 billion in 2027 at a CAGR of 6.0%.

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Global Thermoplastic Composite Market Size Forecast To 2032

Key Market Drivers And Trends

Drivers

The growth in demand for electric vehicles are driving the growth of the Thermoplastic Composite market

Trends

development of low-cost production technology are a key trend gaining popularity in the Thermoplastic Composite market.

Region

Asia-Pacific was the largest region in the thermoplastic composite market in 2022, and it is expected to be the fastest-growing region in the forecast period. The regions covered in the thermoplastic composite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Key Market Players

Major players in the Thermoplastic Composite market are:

▪ BASF SE

▪ Celanese Corporation

▪ SABIC

▪ Solvay

▪ Lanxess AG

▪ And more.

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