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The future of the thermoplastic composites market looks promising with opportunities in transportation, consumer goods, industrial, and construction industries. The thermoplastic composites market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $15.1 billion by 2025 with a CAGR of 1% to 3% from 2020 to 2025. The major drivers for this market are growing demand for lightweight and environmentally sustainable materials, and the replacement of metals with composites in different end use industries.
Emerging trends, which have a direct impact on the dynamics of the thermoplastic composites industry, include increasing inter-material competition and increasing focus on continuous fiber reinforced thermoplastic composites.
A total of 159 figures / charts and 141 tables are provided in this 259 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this thermoplastic composites market report download the report brochure.
In this market, transportation is the largest end use industry, whereas glass fiber is largest in reinforcement type. Growth in various segments of the thermoplastics composites market are given below:
Thermoplastic Composites Market by Segments