Thermoplastic Composites Market is expected to grow up to USD 41.93 Billion By 2022


Posted September 26, 2018 by armaan007

Thermoplastic Composites Market expected to be valued at USD 41.93 Billion by 2022, at a CAGR of 8.34%, during 2017–2022

 
Global Thermoplastic Composites Market is expected to grow from USD 26.02 Billion in 2017 to USD 41.93 Billion by 2022, at a CAGR of 8.34% between 2017 and 2022. Increased use of thermoplastic composites in the transportation and aerospace & defense applications due to various properties offered by them, which include ease of recyclability, low curing time, high strength, and increased rigidity, among others are the factors driving the growth of the thermoplastic composites market across the globe.

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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. Thermoplastic composites are used in the transportation industry as these materials are lightweight and help reduce the weight of automobiles, thereby resulting in decreased CO2 emissions and increased fuel efficiency of vehicles. The aerospace & defense application segment of the Thermoplastic Composites Market is projected to witness the highest growth in terms of both, value as well as volume due to increasing use of thermoplastic composites in different types of commercial aircraft. Thus, the increased use of thermoplastic composites in various applications such as transportation, and aerospace & defense, among others is driving the growth of the Thermoplastic Composites Market across the globe.

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

Key companies dominated 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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For more details: https://www.prnewswire.com/news-releases/thermoplastic-composites-market-worth-4193-billion-usd-by-2022-660980383.html

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Issued By Markesandmarkets
Country India
Categories Industry , Manufacturing , Marketing
Tags thermoplastic composites , thermoplastic composites industry , thermoplastic composites manufacturers , thermoplastic composites market , thermoplastic composites types
Last Updated September 26, 2018