Lucintel Forecasts Thermoplastic Composites Market to Reach $32 billion by 2031
Lucintel Forecasts Thermoplastic Composites Market to Reach $32 billion by 2031
Blog Article
According to the recent study the thermoplastic composites market is projected to
reach an estimated $32 billion by 2031 with a CAGR of 5% 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.
Browse 124 figures / charts and 85 tables in this 260 -page report to understand
trends, opportunities and forecast in 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.
Download sample by clicking on 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.
Tencate Advanced Composites, Cytec Solvay Group, Celanese, SABIC, BASF SE,
DSM, DuPont, LANXESS/Bond Laminates, Hanwha Corporation, and 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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