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Thermoplastic Composites Market worth $36.0 billion by 2024

 



(EstateNewsWire.com, February 28, 2020 ) The report "Thermoplastic Composites Market by Resin Type (Polypropylene, Polyamide, Polyetheretherketone, Hybrid), Fiber Type (Glass, Carbon, Mineral), Product Type (SFT, LFT, CFT, GMT), Application, and Region - Global Forecast to 2024" The thermoplastic composites market size is estimated to grow from USD 28.0 billion in 2019 to USD 36.0 billion by 2024, at a CAGR of 5.2% during the forecast period. The thermoplastic composites market is witnessing significant growth because of the growing demand from applications such as transportation, consumer goods & electronics, sports & leisure, and aerospace & defense.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=111944669

The aerospace & defense end-use industry is estimated to account for the largest share of the thermoplastic composites market in 2019

Aerospace & defense is the major end-use industry in the thermoplastic composites market. North America and Europe are the key markets due to the presence of a robust aerospace & defense industry. The automotive industry is expected to grow at the fastest rate due to the increasing adoption of 3D printing in the manufacturing of automotive components.

Polyamide is the largest application of thermoplastic composites.

Polyamide is the most commonly used resin and captures the largest share in the thermoplastic composites market. This growing consumption of thermoplastic composites made using polyamide is driven mainly by the automotive and aerospace & defense industries. Owing to its excellent wear resistance, high mechanical strength with good dielectric properties that enables automotive OEMs to reduce weight without compromising on vehicle performance.

Browse in-depth TOC on "Thermoplastic Composites Market”
82 - Market Data Tables
48 - Figures
158 - Pages

Don't miss out on business opportunities in Thermoplastic Composites Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=111944669

APAC is expected to be the largest market for thermoplastic composites during the forecast period.

APAC is expected to dominate the thermoplastic composites market during the forecast period due to the substantial adoption of thermoplastic composites in the transportation, and consumer goods & electronics applications. The growth of end-use industries such as automotive, electrical & electronics, and consumer goods in the key countries of APAC such as China, India, and Japan is expected to drive the demand for thermoplastic composites in the next five years.

Major thermoplastic composites manufacturers are Celanese Corporation (US), DowDuPont Inc. (US), Koninklijke DSM N.V. (Netherlands), Solvay S.A. (Belgium), Toray Industries, Inc. (US), Lanxess AG (Germany), and SABIC (Saudi Arabia).

Get this report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=111944669

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


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Mr. Sanjay Gupta

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raviraj.tak@marketsandmarkets.com

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