Lucintel’s latest market report analyzed that thermoplastic composites provides attractive opportunities in transportation, consumer goods, industrial, and construction industries. The thermoplastic composites market is expected to reach $15.1 billion by 2025 with a CAGR of 2.2%. In this market, SFT is the largest segment by material type, whereas transportation is largest by end use industry. The growing demand for lightweight and environmentally sustainable materials and the replacement of metals with composites in different end use industries provides strategic growth path in this market.
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Based on market type, the thermoplastic composites market is segmented into SFT, LFT, GMT, and CFT. The SFT segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period due to increasing demand for high performance thermoplastic composites reinforced with continuous fiber.
Browse in-depth TOC on “Thermoplastic Composites Market”
141 – Tables
159 – Figures
259 – Pages
The thermoplastic composites market is marked by the presence of several big and small players. Some of the prominent players offering thermoplastic composites include SABIC, Celanese, BASF, DSM, Solvay, and Hanwha and others.
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