Thermoplastic composites are categorized as discontinuous and continuous composites. Short fiber thermoplastics and long fiber thermoplastics are the two widely used thermoplastic composites types. These are suitable alternative to metal assemblies, traditional plastic materials, and die castings in the market.
Increase in demand for thermoplastic composites in transportation and aerospace & defense applications is the key driving factor which are expected to boost the global thermoplastic composites market growth. Furthermore, growth of consumer goods and electronics industries will have the positive impact on market growth. Moreover, increase in adoption of electric vehicles will drive the market growth in near future.
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However, high cost of raw materials as well as difficulty in fiber reinforcement is the major challenging factor which expected to hamper the global thermoplastic composites market growth. Also, development of low cost production technology will affect the market growth.
Global Thermoplastic Composites Market is segmented into resin type such as Polyamide (PA), Polypropylene (PP), PEEK, and others, by Fiber Type such as Glass Fiber, Carbon Fiber, and Others, by Product Type such as Glass Mat Thermoplastic (GMT), Continuous Fiber Thermoplastic (CFT), Long-Fiber Thermoplastic (LFT), and Short-Fiber Thermoplastic.
Also, Global Thermoplastic Composites Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
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Market Key Players
Various key players are discussed in this report :
- Celanese Corporation
- DowDuPont Inc.
- Koninklijke DSM N.V.
- Toray Industries, Inc.
- Lanxess AG
- Solvay S.A.
- BASF SE’
- Polyone Corporation
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