The global market for Thermoplastic Composites was valued at US$31.2 Billion in 2024 and is projected to reach US$47.5 Billion by 2030, growing at a CAGR of 7.3% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Technological advancements have significantly expanded the capabilities and applications of thermoplastic composites. Innovations in fiber reinforcement and matrix materials have led to the development of composites with enhanced strength-to-weight ratios, improved thermal stability, and greater resistance to environmental degradation. Advanced manufacturing techniques, such as automated fiber placement and additive manufacturing, have further enabled the production of complex and high-precision composite parts. These technologies have streamlined the manufacturing process, reducing costs and lead times while improving the quality and consistency of the final products. The integration of nanomaterials into thermoplastic composites is another area of significant progress, offering potential improvements in mechanical properties and multifunctional capabilities.
The growth in the thermoplastic composites market is driven by several factors. The increasing demand for lightweight materials in the automotive and aerospace industries to improve fuel efficiency and reduce emissions is a major driver. The growing focus on sustainability and the recyclability of thermoplastic composites are also propelling market growth. Technological advancements in manufacturing processes and materials are enhancing the performance and expanding the applications of thermoplastic composites, driving their adoption. The rising investment in infrastructure and construction projects, particularly in emerging economies, is boosting demand for high-performance building materials. Additionally, regulatory trends and standards aimed at promoting energy efficiency and environmental sustainability are encouraging the use of thermoplastic composites. Finally, the expanding use of thermoplastic composites in consumer goods and electronics is creating new opportunities in the market, driven by consumer preferences for durable and lightweight products.
Global Thermoplastic Composites Market - Key Trends & Drivers Summarized
Thermoplastic composites are advanced materials composed of a thermoplastic matrix reinforced with fibers such as glass, carbon, or aramid. These composites offer a combination of high strength, lightweight, and excellent impact resistance, making them ideal for a wide range of applications in industries such as aerospace, automotive, construction, and consumer goods. Unlike thermosetting composites, thermoplastic composites can be melted and reshaped, allowing for easier processing and recycling. This recyclability, combined with their superior mechanical properties, has positioned thermoplastic composites as a preferred material for manufacturers seeking both performance and sustainability.Technological advancements have significantly expanded the capabilities and applications of thermoplastic composites. Innovations in fiber reinforcement and matrix materials have led to the development of composites with enhanced strength-to-weight ratios, improved thermal stability, and greater resistance to environmental degradation. Advanced manufacturing techniques, such as automated fiber placement and additive manufacturing, have further enabled the production of complex and high-precision composite parts. These technologies have streamlined the manufacturing process, reducing costs and lead times while improving the quality and consistency of the final products. The integration of nanomaterials into thermoplastic composites is another area of significant progress, offering potential improvements in mechanical properties and multifunctional capabilities.
The growth in the thermoplastic composites market is driven by several factors. The increasing demand for lightweight materials in the automotive and aerospace industries to improve fuel efficiency and reduce emissions is a major driver. The growing focus on sustainability and the recyclability of thermoplastic composites are also propelling market growth. Technological advancements in manufacturing processes and materials are enhancing the performance and expanding the applications of thermoplastic composites, driving their adoption. The rising investment in infrastructure and construction projects, particularly in emerging economies, is boosting demand for high-performance building materials. Additionally, regulatory trends and standards aimed at promoting energy efficiency and environmental sustainability are encouraging the use of thermoplastic composites. Finally, the expanding use of thermoplastic composites in consumer goods and electronics is creating new opportunities in the market, driven by consumer preferences for durable and lightweight products.
Scope of the Study
The report analyzes the Thermoplastic Composites market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments:
Product Type (Short Fiber Thermoplastic (SFT), Long Fiber Thermoplastic (LFT), Other Product Types); Application (Automotive, Building & Construction, Electrical & Electronics, Aerospace & Defense, Consumer Goods, Wind Energy, Other Applications).Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Short Fiber Thermoplastic (SFT) segment, which is expected to reach US$26.6 Billion by 2030 with a CAGR of a 7.0%. The Long Fiber Thermoplastic (LFT) segment is also set to grow at 8.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $8.1 Billion in 2024, and China, forecasted to grow at an impressive 9.4% CAGR to reach $7.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Arkema SA, Avient Corporation, BASF SE, Celanese Corporation, Daicel Miraizu Ltd. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Thermoplastic Composites Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Thermoplastic Composites Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Thermoplastic Composites Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 181 major companies featured in this Thermoplastic Composites market report include:
- Arkema SA
- Avient Corporation
- BASF SE
- Celanese Corporation
- Daicel Miraizu Ltd.
- Hanwha Group
- Hexcel Corporation
- INOMETA GmbH
- Lanxess AG
- Mitsubishi Chemical Advanced Materials
- SABIC
- SGL Carbon SE
- Solvay SA
- Teijin Ltd.
- Toray Advanced Composites
Table of Contents
I. METHODOLOGYMII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAFRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPEINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTAFRICAIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
ASIA-PACIFIC
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Arkema SA
- Avient Corporation
- BASF SE
- Celanese Corporation
- Daicel Miraizu Ltd.
- Hanwha Group
- Hexcel Corporation
- INOMETA GmbH
- Lanxess AG
- Mitsubishi Chemical Advanced Materials
- SABIC
- SGL Carbon SE
- Solvay SA
- Teijin Ltd.
- Toray Advanced Composites
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 89 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 31.2 Billion |
| Forecasted Market Value ( USD | $ 47.5 Billion |
| Compound Annual Growth Rate | 7.3% |
| Regions Covered | Global |
