Thermoplastic Composites Market is Growing Exponentially in Order to Gain More Demand by 2022

The report "Thermoplastic Composites Market Fiber Type (Glass, Carbon), Resin Type (PP, PA, PEEK), Product Type (Short Fiber, Long Fiber, Continuous Fiber, Glass Mat), Application (E&E, Transportation, A&D) and Region - Global Forecast to 2022", The thermoplastic composites market is projected to grow from USD 28.09 Billion in 2017 to USD 41.93 Billion by 2022, at a CAGR of 8.34% between 2017 and 2022.

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Browse 84 market tables and 47 figures spread through 147 pages and an in-depth TOC on "Thermoplastic Composites Market"

 The thermoplastic composites market has been segmented based on fiber type, resin type, product type, application, and region. Based on fiber type, the market has been classified into glass fiber thermoplastic composites, carbon fiber thermoplastic composites, and others. The glass fiber thermoplastic composites segment is projected to lead the thermoplastic composites market during the forecast period as glass fiber thermoplastic composites are being increasingly used in various applications due to their significant properties and cost-effectiveness. The carbon fiber thermoplastic composites segment of the thermoplastic composites market is projected to grow at the highest CAGR during the forecast period in terms of both, value as well as volume. Carbon fiber thermoplastic composites are used in transportation and aerospace & defense applications as they are lightweight and offer increased stiffness.

Key players operational in the Thermoplastic Composites Market are Celanese Corporation (US), DuPont (US), Royal DSM N.V. (Netherlands), Koninklijke Ten Cate bv (Netherlands), SABIC (Saudi Arabia), Lanxess AG (Germany), Solvay S.A. (Belgium), BASF SE (Germany), PlastiComp, Inc. (US), PolyOne Corporation (US), and Quadrant AG (Switzerland), among others.

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