Global Thermoplastic Composites Market , 2024-2030

Thermoplastic composites are the combination of various polymers, evolved from structural polymer composites. They have increased recycling and damage tolerances due to the tough nature of the matrix material. Thermoplastics are reinforced with high-strength, high-modulus fibers provide dramatic increases in strength and stiffness, toughness, and dimensional stability. Fiber-reinforced plastics consist of reinforcing fibers surrounded by a plastic matrix. The thermoplastic composites manufacturing process is more energy intensive due to the high temperatures and pressures needed to melt the plastic and impregnate fibers with the matrix.

There are several types of fibers that can be used including glass, carbon fiber, and aramid which give the material its high tensile strength. Glass is used for general purpose and technical composites when carbon fiber is used in more high performing applications. Practically all thermoplastic resins are available in fiber-reinforced compounds, including nylon, polypropylene, polystyrene, ABS, polyphenylene sulfide, polyetherimide, polyetheretherketone etc.

Thermoplastic composites could be categorized into glass mat thermoplastics (GMT), SFT, LFT, and CFT. Thermoplastic composites such as SFT, GMT and LFT are more popular in the automotive industry due to their lightweight and high toughness property. It includes applications such as, seat frames, battery trays, bumper beams, load floors, front ends, valve covers, rocker panels, and under-engine covers.

The all thermoplastic composites are found wide area of end user application in the aerospace & defense, transportation, construction, consumer goods & electronics, sports & leisure and medical equipment sector.

The global thermoplastic composites market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global thermoplastic composites market is growing at a fast pace and increasing its geographical footprint rapidly. The global thermoplastic composites market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.

The growth is comparatively higher in Asia Pacific region due expansion of end user industry and rise in consumption of automotive, transportation and consumer goods industry. The major growth driver for thermoplastic composites market globally is the growing consumption of polyamide based thermoplastic composites in automotive and aerospace industries due to its light weight property.

Thermoplastic composites enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of thermoplastic composites market globally. The companies that lead global thermoplastic composites market are Celanese Corporation, DowDuPont Inc., Koninklijke DSM N.V., Solvay S.A., Lanxess AG, SABIC, BASF SE, Hanwha, and others.

Research Methodology

The research process includes the market segmentation of the global thermoplastic composites market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global thermoplastic composites market industry experts from across the global industry. Market Krystal conducts more than 40 interview hours dedicated for this study, the same are mentioned below:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (30%), Asia (45%), Europe (25%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global thermoplastic composites industry dynamics
• Estimation of the present global thermoplastic composites market size in terms of value and volume
• Global thermoplastic composites market breakup based on type and application.
• Verified global thermoplastic composites market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global thermoplastic composites industry value chain.