"According to a new country report published by Lucintel, the future of automotive thermoplastic resin composites market in the United States looks good with opportunities in various applications such as powertrain system, electrical and electronics, chassis system, interior, exterior, under body system, and others. The automotive thermoplastic resin composites market in the United States is primarily driven by increasing automotive production and growing demand for lightweight and durable materials due to stringent government regulations to increase fuel efficiency and reduce greenhouse gas emissions. The other major drivers of thermoplastic resin for automotive are higher impact strength, better surface finish to the composite materials, and higher production rates than thermoset resin.

This report studies factors affecting the automotive thermoplastic resin composites market in the United States from both demand and supply sides. The report also analyzes growth opportunities in different applications and provides comprehensive data and analysis on trends, key drivers, and directions.

Among various growth areas, Lucintel forecasts that the power train system/ engine component is expected to be the largest market and under body system is expected to show the highest growth rate during the forecast period of 2020 to 2025. Within the automotive thermoplastic resin composites market in the United States, glass mat thermoplastic (GMT), short fiber thermoplastic (SFT), long fiber thermoplastic (LFT), continuous fiber thermoplastic (CFT), and others are the major intermediate materials for manufacturing automotive parts. SFT is expected to remain the largest market by value and volume, mainly driven by small complex shaped components in powertrain system applications.

Emerging trends, which have a direct impact on the dynamics of the automotive thermoplastic resin composites industry, include increasing inter-material competition and increasing focus on continuous fiber reinforced thermoplastic composites.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the current market trends, forecasts, new market opportunities, and competitive landscape for the automotive thermoplastic resin composites market in the United States and has come up with a comprehensive research report entitled “Opportunities for the Automotive Thermoplastic Resin Composites Market in the United States.” The Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes the market size and forecast for the automotive thermoplastic resin composites market in the United States by application, intermediate material type, and resin type as follows:

Thermoplastic Resin in the Automotive Composites Market by Application Type (Value ($M) and Volume (M lbs) from 2014 to 2025):
• Interior
• Exterior
• Under body systems
• Chassis System
• Power train system/ engine components
• Electrical and Electronics
• Others

Thermoplastic Resin in the Automotive Composites Market by Intermediate Material Type (Value ($M) and Volume (M lbs) from 2014 to 2025):
• Glass Mat Thermoplastic (GMT)
• Short Fiber Thermoplastic (SFT)
• Long Fiber Thermoplastic (LFT)
• Continuous Fiber Thermoplastic (CFT)
• Others

Thermoplastic Resin in the Automotive Composites Market by Resin Type (Value ($M) and Volume (M lbs) from 2014 to 2025):
• Polypropylene (PP) Composites
• Polybutylene terephthalate (PBT) Composites
• Polyamide (PA) Composites
• Others

This 60-page country research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed scope, benefits, and other details of this report, please contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/United-States/automotive-thermoplastic-resin-composites.aspx or write to us at [email protected]

About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com "