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Study Period | 2019 - 2030 |
Market Volume (2025) | 4.92 Million tons |
Market Volume (2030) | 6.29 Million tons |
CAGR | 5.06 % |
Fastest Growing Market | Middle East and Africa |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Thermoplastic Composites Market Analysis
The Thermoplastic Composites Market size is estimated at 4.92 million tons in 2025, and is expected to reach 6.29 million tons by 2030, at a CAGR of 5.06% during the forecast period (2025-2030).
The thermoplastic composites industry is experiencing significant transformation driven by technological advancements and shifting industry demands. The aerospace sector has emerged as a crucial growth catalyst, with global commercial airline revenue reaching USD 727 billion in 2022, indicating robust recovery and expansion. The integration of advanced manufacturing technologies, particularly in high-performance applications, has led to increased adoption of thermoplastic materials in critical components. Major aircraft manufacturers are increasingly incorporating these materials into their newest models, with Boeing's Commercial Outlook 2022-2041 projecting a substantial market for commercial aviation services worth USD 3,615 billion.
The electronics and technology sector has become a significant consumer of thermoplastic composites, with the global electronics and IT industry production reaching USD 3,436.8 billion in 2022. The growing demand for lightweight, durable materials in electronic components and devices has spurred innovations in composite formulations. Manufacturers are developing specialized grades of thermoplastic composites that offer enhanced thermal management, electromagnetic shielding, and dimensional stability, which are particularly crucial for the expanding 5G infrastructure and advanced electronic applications.
The industry is witnessing a paradigm shift towards sustainable manufacturing practices and circular economy principles. Major manufacturers are investing in recycling technologies and developing bio-based alternatives to traditional petroleum-based thermoplastic resin. The emphasis on environmental sustainability has led to innovations in recycling technologies, with several companies introducing closed-loop recycling systems for thermoplastic composite materials. This trend is particularly evident in the packaging and consumer goods sectors, where demand for recyclable and environmentally friendly materials continues to grow.
Looking ahead, the market is poised for substantial growth driven by emerging applications and technological innovations. The aerospace sector alone is expected to require over 41,170 new airplane deliveries by 2041, creating sustained demand for lightweight, high-performance materials. Manufacturers are focusing on developing automated manufacturing processes and advanced material formulations to meet the increasing demand for high-performance polymer matrix composites. The integration of Industry 4.0 technologies, including artificial intelligence and machine learning, is optimizing production processes and enhancing material performance, setting the stage for the next generation of advanced composite materials applications.
Thermoplastic Composites Market Trends
Increasing Demand from the Automotive Industry
The automotive industry represents one of the largest end-users of fiber-reinforced thermoplastic composites, driven primarily by the growing demand for lightweight and low CO2 emission vehicles. These lightweight composites have found extensive applications in various automotive components, including seat frames, battery trays, bumper beams, load floors, front ends, valve covers, rocker panels, and under-engine covers. The technologies used to produce these composites offer significant advantages, including lower costs, reduced weight, and improved performance characteristics. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), global motor vehicle production reached over 85 million units in 2022, representing a 6% increase from the previous year, indicating substantial demand for thermoplastic composite-based automotive parts.
The automotive industry's shift toward electric vehicles has further accelerated the adoption of engineering thermoplastic composites. In 2022, U.S. auto manufacturing companies announced significant investments totaling USD 13 billion in domestic EV manufacturing, more than triple the investment made in 2020. Major automotive manufacturers are making substantial commitments to expand their production capabilities, as evidenced by Toyota's USD 2.5 billion investment in their Carolina manufacturing facility and Honda's USD 4.4 billion joint venture with LG Energy Solution for EV and battery manufacturing. In Europe, particularly Germany, the automotive sector continues to drive demand, with German vehicle production reaching 441,990 units in March 2023, marking a significant 67% growth compared to the same period in the previous year, according to the German Association of the Automotive Industry (VDA).
Rising Consumption in the Construction Industry
The construction industry has emerged as a significant driver for structural composites, with these materials being increasingly utilized in structural profiles, pipes, concrete rebars, and lightweight structural and insulating panels. According to industry forecasts, the global construction industry is expected to grow by USD 4.5 trillion between 2020 and 2030, creating substantial opportunities for thermoplastic composite applications. Glass fiber composites, in particular, have gained widespread adoption as insulation, cladding, surface coating, and roofing raw materials in the building and construction sector. These materials offer exceptional benefits, including high ductility, repairability, good strength, and the ability to be remolded and recycled, making them ideal for construction applications.
The construction sector's growth is particularly evident in major economies where urbanization and infrastructure development are driving demand. For instance, in China, which represents the world's largest construction market, the government has implemented its 14th Five-Year Plan that includes initiatives to apply digital technology to the building and construction process. The scale of construction activity is remarkable, with projections indicating that by 2025, China will have built the equivalent of 10 New York Cities since the 1990s. In other regions, governments are making significant investments in construction projects, such as the United Kingdom's allocation of GBP 1.8 billion (~USD 2.2 billion) for community regeneration, brownfield land development, and affordable housing projects, demonstrating the global scope of construction activities driving demand for thermoplastic materials.
Segment Analysis: Resin Type
Polyamide (PA) Segment in Thermoplastic Composites Market
Polyamide (PA) continues to dominate the global thermoplastic composites market, holding approximately 38% of the total market share in 2024. The segment's leadership position is attributed to PA's exceptional combination of properties, including high mechanical strength, excellent chemical resistance, and superior processability. These characteristics make PA-based fiber-reinforced thermoplastic composites particularly valuable in automotive applications where they are used extensively in under-hood components, structural parts, and interior systems. The material's ability to withstand high temperatures while maintaining dimensional stability has also driven its adoption in electrical and electronics applications, particularly in connectors and housings. Additionally, PA's compatibility with various reinforcement fibers, especially glass and carbon, has expanded its application scope across industries, including consumer goods, industrial equipment, and aerospace components.
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Polyetheretherketone (PEEK) Segment in Thermoplastic Composites Market
The PEEK segment is emerging as the fastest-growing category in the thermoplastic composites market, projected to expand at approximately 6% annually from 2024 to 2029. This growth is primarily driven by increasing demand from high-performance applications in the aerospace and medical industries. PEEK's exceptional properties, including high temperature resistance up to 260°C, excellent mechanical strength, and superior chemical resistance, make it particularly suitable for demanding applications. The material's growing adoption in advanced aerospace components, medical implants, and high-performance automotive parts is fueling this growth. Additionally, the increasing focus on lightweight materials in the aerospace and automotive industries, coupled with PEEK's ability to replace metal components while offering significant weight reduction, continues to drive its market expansion.
Remaining Segments in Resin Type
The thermoplastic composites market also includes significant contributions from Polypropylene (PP) and other specialty resin types. Polypropylene-based composites have established a strong presence due to their cost-effectiveness and balanced performance characteristics, making them particularly attractive for automotive and consumer goods applications. Other specialty thermoplastic resins, including PPS (Polyphenylene Sulfide) and PEI (Polyetherimide), serve specific niche applications where unique performance characteristics are required. These materials continue to play crucial roles in various industrial applications, offering different combinations of properties such as chemical resistance, thermal stability, and processing advantages, thereby complementing the overall market portfolio of thermoplastic composite solutions.
Segment Analysis: Fiber Type
Glass Fiber Segment in Thermoplastic Composites Market
Glass fiber dominates the thermoplastic composites market, commanding approximately 89% of the total market share in 2024. This substantial market presence is attributed to its versatile properties and cost-effectiveness compared to other fiber types. Glass-fiber composites are isotropic in nature, making them highly suitable for various industrial applications, including aerospace, automotive, and construction sectors. The material's combination of low density, high strength, and easy processing capabilities has made it particularly attractive for manufacturers. Various grades of glass fibers, including S-Glass and E-Glass, are widely utilized in the market, with each grade offering specific compositions tailored to different applications. The material's resistance to moisture and oxidation, coupled with its ability to maintain strength in humid environments, has further cemented its position as the leading fiber type in thermoplastic composites.
Carbon Fiber Segment in Thermoplastic Composites Market
Carbon fiber thermoplastic is emerging as the fastest-growing segment in the thermoplastic composites market, projected to grow at approximately 6% during 2024-2029. This growth is primarily driven by its exceptional properties, including superior strength-to-weight ratio and high stiffness characteristics. The automotive industry's increasing adoption of carbon fiber thermoplastics for manufacturing lightweight components has been a significant growth driver. The material's ability to enable the production of complex molded parts while reducing the number of components by up to 95% compared to traditional materials has made it particularly attractive to manufacturers. The aerospace sector's growing demand for lightweight, high-performance materials has further accelerated the adoption of carbon fiber thermoplastics, with many modern aircraft incorporating more than 50% carbon-fiber-reinforced plastic in their construction.
Remaining Segments in Fiber Type
Other fiber types in the thermoplastic composites market, including aramid fibers and ceramic fibers, play specialized roles in specific applications. Aramid fibers, known for their high strength-to-density ratio and excellent mechanical properties at high temperatures, are particularly valuable in applications requiring superior impact resistance and durability. Ceramic fibers, primarily used as refractory fibers in high-temperature applications above 1000°C, are characterized by their polycrystalline structure and exceptional thermal properties. These specialized fiber types, while representing a smaller market share, are crucial for applications requiring specific performance characteristics that cannot be met by traditional glass or carbon fibers.
Segment Analysis: Product Type
Short-fiber Thermoplastic (SFT) Segment in Thermoplastic Composites Market
Short-fiber Thermoplastic (SFT) continues to dominate the global thermoplastic composites market, holding approximately 38% of the market share in 2024. The segment's leadership position can be attributed to its superior properties, including enhanced heat-deflection temperature, increased modulus, and decreased mold shrinkage compared to unreinforced polymers. SFT contains fibers typically less than 1mm long and offers significant advantages in injection molding applications, particularly in the electronics sector for fabricating electrical connectors, accessories, and equipment. These composites are widely adopted due to their ability to reduce overall component weight while providing properties like high-impact resistance, increased strength, and improved durability. The segment's dominance is further reinforced by the ease and cost-effectiveness of production compared to continuous fiber composites, making it particularly attractive for high-volume manufacturing applications.
Long-fiber Thermoplastic (LFT) Segment in Thermoplastic Composites Market
The long-fiber thermoplastic (LFT) segment is projected to experience the highest growth rate of approximately 5% during the forecast period 2024-2029. LFT composites are gaining significant traction due to their unique combination of strength, stiffness, and toughness in a single material. These materials are increasingly being selected as substitutes for metals and alternatives to higher-cost engineering polymers in various applications. The higher aspect ratio of the fiber reinforcement in LFTs facilitates enhanced energy transfer between the polymer and fiber filaments upon impact, making them one of the most durable injection molding plastic materials with structural characteristics. Their exceptional dimensional stability and ability to maintain durability at both low and elevated temperatures make them particularly attractive for automotive, transportation, and industrial applications where repeated impact forces are common but shape retention is crucial.
Remaining Segments in Product Type Segmentation
The Continuous-fiber Thermoplastic (CFT) and Glass Mat Thermoplastic (GMT) segments complete the product type segmentation of the thermoplastic composites market. CFT materials are particularly valued in aerospace and automotive industries due to their outstanding thermal and mechanical properties, offering advantages like weight reduction, high-impact resistance, short cycle time, and recyclability. The GMT segment serves as a crucial intermediate option between injection moldable discontinuous glass-fiber reinforced composite and advanced thermoplastic composite, providing benefits such as design freedom, low density, and high productivity. Both segments contribute significantly to the market's diversity by offering specific advantages for different applications, with CFT being preferred for high-performance applications and GMT finding extensive use in automotive and industrial applications requiring a balance of properties and cost-effectiveness.
Segment Analysis: End-User Industry
Automotive Segment in Thermoplastic Composites Market
The automotive sector continues to dominate the global thermoplastic composites market, holding approximately 57% of the market share in 2024. This significant market position is driven by the increasing adoption of lightweight materials in vehicle manufacturing to improve fuel efficiency and reduce emissions. The automotive industry extensively uses engineered thermoplastics in various applications, including seat frames, battery trays, bumper beams, load floors, front ends, valve covers, rocker panels, and under-engine covers. The growing trend toward electric vehicles has further accelerated the demand for these materials, as manufacturers focus on reducing vehicle weight to extend battery range. Major automotive manufacturers worldwide are increasingly incorporating these materials into their production processes, particularly in regions like China, Europe, and North America, where stringent environmental regulations are driving the shift toward lighter, more fuel-efficient vehicles.
Aerospace and Defense Segment in Thermoplastic Composites Market
The aerospace and defense sector is emerging as the fastest-growing segment in the thermoplastic composites market, with an expected growth rate of approximately 6% during the forecast period 2024-2029. This robust growth is primarily attributed to the increasing demand for lightweight materials in aircraft manufacturing and defense applications. The sector's growth is further supported by major aircraft manufacturers' ambitious delivery plans and the rising global air traffic demands. The superior properties of thermoplastic composites, such as high strength-to-weight ratio, excellent fatigue resistance, and recyclability, make them increasingly attractive for aerospace applications. These materials are being increasingly utilized in aircraft interiors, structural components, and engine parts, offering significant weight reduction while maintaining structural integrity. The growing focus on sustainable aviation and the need for fuel-efficient aircraft are expected to further drive the adoption of thermoplastic composites in this sector.
Remaining Segments in End-User Industry
The electrical and electronics, construction, and medical sectors represent significant market segments in the thermoplastic composites industry, each contributing uniquely to market growth. The electrical and electronics sector utilizes these materials in manufacturing components for consumer electronics, communication devices, and industrial equipment, benefiting from their excellent electrical insulation properties. The construction industry employs thermoplastic composites in structural applications, panels, and architectural elements, leveraging their durability and weather resistance. The medical sector, though smaller in market share, demonstrates steady growth through applications in medical devices, diagnostic equipment, and surgical instruments, where the materials' biocompatibility and sterilization capabilities are particularly valuable. These segments collectively drive innovation in thermoplastic composite applications, contributing to the overall market expansion through diverse end-use requirements and technological advancements.
Thermoplastic Composites Market Geography Segment Analysis
Thermoplastic Composites Market in Asia-Pacific
The Asia-Pacific region represents the largest market for thermoplastic composites globally, driven by rapid industrialization and increasing adoption across various end-use industries. The region's growth is primarily supported by strong manufacturing activities in China, India, Japan, and South Korea, along with emerging opportunities in ASEAN countries. The automotive and electronics sectors are major demand drivers, particularly in China and Japan, while India is witnessing increased adoption in construction and aerospace applications. The region benefits from the presence of major manufacturing facilities and continued investments in research and development activities, making it a hub for advanced composite materials.
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Thermoplastic Composites Market in China
China dominates the Asia-Pacific thermoplastic composites market, holding approximately 51% share of the regional market. The country's market leadership is driven by its massive automotive manufacturing sector, being the world's largest automotive market in terms of both production and sales. China's electronics sector has recorded stable growth, with the value-added of major enterprises showing significant increases. The country's construction industry plays an increasingly important role in stimulating the economy and stabilizing employment. Additionally, China's aerospace sector is experiencing rapid development, with significant investments in commercial aircraft manufacturing and the successful deployment of domestic passenger planes, utilizing polymer matrix composites.
Thermoplastic Composites Market in India
India emerges as the fastest-growing market in the Asia-Pacific region, with an expected growth rate of approximately 6% during 2024-2029. The country's growth is fueled by expanding manufacturing activities and increasing investments in various end-use industries. India's automotive sector is witnessing remarkable growth, with significant expansion in production capabilities and new investments in electric vehicle manufacturing. The construction sector is experiencing substantial growth through various government initiatives and infrastructure development projects. Furthermore, India's position as one of the fastest-growing aviation markets globally and its expanding electronics manufacturing sector are creating new opportunities for thermoplastic materials applications.
Thermoplastic Composites Market in North America
North America represents a significant market for thermoplastic composites, characterized by advanced manufacturing capabilities and high adoption rates across various industries. The region's market is driven by strong demand from aerospace and defense, automotive, and medical sectors. The United States, Canada, and Mexico form the key markets in this region, with each country contributing uniquely to the market's growth through their respective industrial strengths and technological advancements. The region benefits from extensive research and development activities and the presence of major market players, enhancing the use of structural composites.
Thermoplastic Composites Market in United States
The United States leads the North American market, commanding approximately 71% of the regional market share. The country's dominant position is supported by its robust aerospace and defense sector, being the world's leading defense manufacturer and exporter. The nation's construction sector has shown significant growth, particularly in non-residential building construction. The United States also maintains its position as the world's largest medical device market, driving demand for thermoplastic composites in healthcare applications. The country's strong focus on technological innovation and sustainable materials continues to create new opportunities for market expansion.
Thermoplastic Composites Market in Mexico
Mexico stands out as the fastest-growing market in North America, with a projected growth rate of approximately 6% during 2024-2029. The country's growth is primarily driven by its expanding automotive manufacturing sector and increasing investments in industrial infrastructure. Mexico's strategic position as a manufacturing hub for North America, coupled with favorable regulations and lower operational costs, has attracted significant investments from global manufacturers. The country's construction sector is witnessing substantial growth through various government initiatives and increasing projects for industrial and public infrastructure development, leveraging advanced composite materials.
Thermoplastic Composites Market in Europe
Europe represents a mature market for thermoplastic composites, characterized by high technological advancement and a strong focus on sustainable solutions. The region encompasses key markets including Germany, the United Kingdom, Italy, and France, each contributing significantly to the market's development. The European market is particularly driven by stringent environmental regulations promoting lightweight and recyclable materials, especially in the automotive and aerospace sectors. The region's strong industrial base and continuous innovation in manufacturing processes support market growth, particularly in the realm of polymer matrix composites.
Thermoplastic Composites Market in Germany
Germany maintains its position as the largest market for thermoplastic composites in Europe, with its strong industrial base and technological leadership. The country's market is primarily driven by its robust automotive sector, being a prominent shareholder of overall automotive production in Europe. Germany hosts major car-making brands and has the largest electronics industry in the region. The country's aerospace sector is also significant, being the second-largest in Europe, with extensive production capabilities for aircraft components and materials.
Thermoplastic Composites Market in Germany - Growth Trends
Germany also leads the European market in terms of growth potential, demonstrating strong advancement in various end-use applications. The country's market expansion is supported by increasing adoption in automotive lightweight applications and growing demand from the aerospace sector. German manufacturers are increasingly focusing on developing sustainable and recyclable thermoplastic materials, aligning with the country's strong environmental commitments. The nation's investment in research and development, particularly in advanced manufacturing technologies, continues to drive innovation in thermoplastic composites applications.
Thermoplastic Composites Market in South America
The South American thermoplastic composites market is characterized by growing industrial applications and increasing investments in manufacturing capabilities. Brazil emerges as the largest market in the region, driven by its substantial automotive and aerospace sectors, while Argentina shows the fastest growth potential. The region's market is supported by expanding construction activities and increasing adoption in various industrial applications. The automotive sector, particularly in Brazil, plays a crucial role in driving market growth, while Argentina's focus on industrial development and infrastructure projects contributes to market expansion. The region's market development is further supported by government initiatives promoting industrial growth and technological advancement.
Thermoplastic Composites Market in Middle East & Africa
The Middle East & Africa region presents a growing market for thermoplastic composites, with increasing investments in infrastructure and industrial development. South Africa emerges as the largest market in the region, supported by its diverse industrial base and manufacturing capabilities, while Saudi Arabia shows the fastest growth potential. The region's market is driven by increasing investments in construction projects, particularly in Saudi Arabia and the UAE, along with growing adoption in automotive and aerospace applications. The development of new industrial clusters and increasing focus on localization of manufacturing activities contribute to market growth. The region's market expansion is further supported by government initiatives promoting industrial diversification and technological advancement.
Thermoplastic Composites Industry Overview
Top Companies in Thermoplastic Composites Market
The thermoplastic composites market features prominent players like BASF SE, LANXESS, Solvay, Celanese Corporation, and SABIC leading the industry through continuous innovation and strategic initiatives. Companies are focusing on developing sustainable products with recycled content and bio-based materials to meet growing environmental concerns. The industry witnesses significant investment in research and development to create advanced composite materials solutions for aerospace, automotive, and medical applications. Manufacturing facilities are being expanded globally, particularly in Asia-Pacific, to meet rising demand and ensure regional market presence. Strategic partnerships and collaborations with end-users, especially in the aerospace and automotive sectors, are becoming increasingly common to develop customized solutions and secure long-term supply agreements.
Consolidated Market with Strong Global Players
The thermoplastic composites market is characterized by the dominance of large chemical conglomerates with vertically integrated operations spanning raw material production to finished products. These major players possess substantial research capabilities, established distribution networks, and strong relationships with key end-users across multiple industries. The market shows moderate consolidation, with top companies controlling significant market share through their extensive product portfolios and global manufacturing footprint. Recent years have witnessed strategic mergers and acquisitions aimed at expanding product offerings and geographical presence, particularly notable being the joint venture between LANXESS and Advent International focusing on engineering materials.
The competitive landscape also includes specialized manufacturers focusing on specific applications or regions, though their market influence remains limited compared to global leaders. Market entry barriers are considerable due to high capital requirements, technical expertise needs, and established player relationships with key customers. Companies with backward integration into raw materials production, particularly fibers and resins, hold competitive advantages in terms of cost control and supply chain management. The industry structure promotes collaboration between material suppliers and end-users for product development and testing, creating strong business relationships that are difficult for new entrants to disrupt.
Innovation and Sustainability Drive Future Success
Success in the thermoplastic composites market increasingly depends on companies' ability to develop innovative, sustainable solutions while maintaining cost competitiveness. Incumbent players are strengthening their position through continuous investment in research and development, focusing on products with improved performance characteristics and reduced environmental impact. The ability to offer complete solution packages, including technical support and customization capabilities, has become crucial for maintaining market share. Companies are also expanding their recycling capabilities and developing closed-loop systems to address growing sustainability concerns and potential regulatory requirements.
For contenders looking to gain ground, specialization in high-growth applications or underserved regional markets presents opportunities for expansion. The development of niche products for specific end-use applications, particularly in emerging sectors like electric vehicles and renewable energy, offers potential for market entry. Success factors include building strong technical capabilities, establishing reliable supply chains, and forming strategic partnerships with end-users or established players. The market's future will be shaped by companies' ability to address increasing end-user demands for lightweight, high-performance materials while meeting stringent environmental regulations and sustainability goals. The role of thermoplastic materials in developing structural composites and polymer matrix composites is becoming increasingly significant in achieving these objectives.
Thermoplastic Composites Market Leaders
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LANXESS
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Solvay
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BASF SE
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Toray Industries Inc.
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Arkema SA
- *Disclaimer: Major Players sorted in no particular order
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Thermoplastic Composites Market News
- April 2023: LANXESS announced the launch of a joint venture with Advent International focused on engineering materials, which began operations on April 1, 2023. DSM's Engineering Materials segment and LANXESS's former High-Performance Materials business joined forces to establish the new joint venture. LANXESS owns around 40% of the joint venture, while Advent International owns approximately 60%.
- April 2023: Solvay and GKN Aerospace announced the extension of their partnership agreement in which both companies will create a combined thermoplastic composites (TPC) roadmap to investigate innovative materials and production techniques for aircraft structures and jointly target future key high-rate programs. Furthermore, Solvay is expected to continue to be GKN Aerospace's preferred supplier of TPC materials. Solvay's PEKK composites and PEKK films help GKN Aerospace's TPC development initiatives.
Thermoplastic Composites Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Demand from the Automotive Industry
- 4.1.2 Rising Consumption in the Construction Industry
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4.2 Restraints
- 4.2.1 High Cost of Raw Materials and Challenges to Form Thermoplastic Composites
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Volume)
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5.1 Resin Type
- 5.1.1 Polypropylene (PP)
- 5.1.2 Polyamide (PA)
- 5.1.3 Polyetheretherketone (PEEK)
- 5.1.4 Other Resin Types
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5.2 Fiber Type
- 5.2.1 Glass Fiber
- 5.2.2 Carbon Fiber
- 5.2.3 Other Fiber Types
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5.3 Product Type
- 5.3.1 Short Fiber Thermoplastic (SFT)
- 5.3.2 Long Fiber Thermoplastic (LFT)
- 5.3.3 Continuous Fiber Thermoplastic (CFT)
- 5.3.4 Glass Mat Thermoplastic (GMT)
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5.4 End-user Industry
- 5.4.1 Aerospace and Defense
- 5.4.2 Electrical and Electronics
- 5.4.3 Automotive
- 5.4.4 Construction
- 5.4.5 Medical
- 5.4.6 Other End-user Industries
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5.5 Geography
- 5.5.1 Asia-Pacific
- 5.5.1.1 China
- 5.5.1.2 India
- 5.5.1.3 Japan
- 5.5.1.4 South Korea
- 5.5.1.5 ASEAN Countries
- 5.5.1.6 Rest of Asia-Pacific
- 5.5.2 North America
- 5.5.2.1 United States
- 5.5.2.2 Canada
- 5.5.2.3 Mexico
- 5.5.3 Europe
- 5.5.3.1 Germany
- 5.5.3.2 United Kingdom
- 5.5.3.3 France
- 5.5.3.4 Italy
- 5.5.3.5 Rest of Europe
- 5.5.4 South America
- 5.5.4.1 Brazil
- 5.5.4.2 Argentina
- 5.5.4.3 Rest of South America
- 5.5.5 Middle East and Africa
- 5.5.5.1 Saudi Arabia
- 5.5.5.2 South Africa
- 5.5.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%) **/Rank Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Arkema SA
- 6.4.2 AVANCO Group
- 6.4.3 Avient Corporation
- 6.4.4 BASF SE
- 6.4.5 Celanese Corporation
- 6.4.6 Daicel Corporation
- 6.4.7 DSM
- 6.4.8 Hexcel Corporation
- 6.4.9 LANXESS
- 6.4.10 LyondellBasell Industries Holdings BV
- 6.4.11 Mitsubishi Chemical Group Corporation
- 6.4.12 SABIC
- 6.4.13 SGL Carbon
- 6.4.14 Solvay
- 6.4.15 TechnoCompound GmbH
- 6.4.16 Toray Industries Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Wide Application Scope in the Healthcare Sector
- 7.2 Rising Demand from the Aerospace and Defense Industry
Thermoplastic Composites Industry Segmentation
Thermoplastic composites usually consist of a fiber reinforcement with a thermoplastic resin. These materials are extensively used in the automotive, transportation, and construction industries.
The thermoplastic composites market is segmented by resin type, fiber type, product type, end-user industry, and geography. By resin type, the market is segmented into polypropylene, polyamide, polyetheretherketone, and other resin types. By fiber type, the market is segmented into glass fiber, carbon fiber, and other fiber types. By product type, the market is segmented into short fiber thermoplastic, long fiber thermoplastic, continuous fiber thermoplastic, and glass mat thermoplastic. By end-user industry, the market is segmented into aerospace and defense, electrical and electronics, automotive, construction, medical, and other end-user industries. The report also covers the market size and forecasts for the thermoplastic composites market in 15 countries across major regions. For each segment, market sizing and forecasts are done in volume (kilotons).
Resin Type | Polypropylene (PP) | ||
Polyamide (PA) | |||
Polyetheretherketone (PEEK) | |||
Other Resin Types | |||
Fiber Type | Glass Fiber | ||
Carbon Fiber | |||
Other Fiber Types | |||
Product Type | Short Fiber Thermoplastic (SFT) | ||
Long Fiber Thermoplastic (LFT) | |||
Continuous Fiber Thermoplastic (CFT) | |||
Glass Mat Thermoplastic (GMT) | |||
End-user Industry | Aerospace and Defense | ||
Electrical and Electronics | |||
Automotive | |||
Construction | |||
Medical | |||
Other End-user Industries | |||
Geography | Asia-Pacific | China | |
India | |||
Japan | |||
South Korea | |||
ASEAN Countries | |||
Rest of Asia-Pacific | |||
North America | United States | ||
Canada | |||
Mexico | |||
Europe | Germany | ||
United Kingdom | |||
France | |||
Italy | |||
Rest of Europe | |||
South America | Brazil | ||
Argentina | |||
Rest of South America | |||
Middle East and Africa | Saudi Arabia | ||
South Africa | |||
Rest of Middle East and Africa |
Thermoplastic Composites Market Research FAQs
How big is the Thermoplastic Composites Market?
The Thermoplastic Composites Market size is expected to reach 4.92 million tons in 2025 and grow at a CAGR of 5.06% to reach 6.29 million tons by 2030.
What is the current Thermoplastic Composites Market size?
In 2025, the Thermoplastic Composites Market size is expected to reach 4.92 million tons.
Who are the key players in Thermoplastic Composites Market?
LANXESS, Solvay, BASF SE, Toray Industries Inc. and Arkema SA are the major companies operating in the Thermoplastic Composites Market.
Which is the fastest growing region in Thermoplastic Composites Market?
Middle East and Africa is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Thermoplastic Composites Market?
In 2025, the Asia Pacific accounts for the largest market share in Thermoplastic Composites Market.
What years does this Thermoplastic Composites Market cover, and what was the market size in 2024?
In 2024, the Thermoplastic Composites Market size was estimated at 4.67 million tons. The report covers the Thermoplastic Composites Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Thermoplastic Composites Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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