Global Thermoplastic Composite Market Insights and Forecast to 2026

Thermoplastic composites offer several advantages unlike thermoset composites, which include less production time for the development of different components using thermoplastic composites, high impact strength of thermoplastic composites, their easy recyclability, and their low moisture absorption rate.
The better performance than the thermoset composites is expected to be one of the major factors that will have a positive impact on the growth of the market. Due to the superior mechanical and physical properties of the thermoplastic composites, they are increasingly used as an alternative to die castings, metal assemblies, and traditional plastic materials that are widely used in many industries such as automotive and consumer goods. Moreover, these composites are preferred due to their high tensile strength and improved surface quality. They also lower the chances of product rejection and provide high rigidity at very low temperature. Furthermore, the thermoplastic composites provide increased resistance to any kind of distortion when tested under severe environments over long periods and offer a good cost to benefit advantage in the aerospace and defense, transportation, electrical and electronics, and consumer goods industries.

Market Analysis and Insights: Global Thermoplastic Composite Market
The global Thermoplastic Composite market size is projected to reach US$ 12790 million by 2026, from US$ 12680 million in 2020, at a CAGR of 0.8%% during 2021-2026.

Global Thermoplastic Composite Scope and Market Size
Thermoplastic Composite market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Thermoplastic Composite market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2015-2026.

Segment by Type, the Thermoplastic Composite market is segmented into
Glass Fiber
Carbon Fiber

Segment by Application, the Thermoplastic Composite market is segmented into
Automotive
Aerospace/Aviation
Electrical and Electronics
Consumer Goods
Oil & Gas
Medical
Others

Regional and Country-level Analysis
The Thermoplastic Composite market is analysed and market size information is provided by regions (countries).
The key regions covered in the Thermoplastic Composite market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa. It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.

Competitive Landscape

and Thermoplastic Composite Market Share Analysis
Thermoplastic Composite market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Thermoplastic Composite business, the date to enter into the Thermoplastic Composite market, Thermoplastic Composite product introduction, recent developments, etc.

The major vendors covered:
BASF
Lanxess
SABIC
DuPont
Solvay
Celanese
Toray
TenCate