The Thermoplastic Composites market is projected CAGR 7% growth rate 2021-2026. Thermoplastic composites are expected to lead the market in the near future due to rising demand from industries such as consumer goods, electronics, transportation, and aerospace and defence.
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The market for thermoplastic composites is expected to be led by APAC, and this trend is expected to continue throughout the forecast period. The demand for thermoplastic composites is increasing due to increased demand from end-users such as aerospace and defence, automotive, and electrical and electronics industries. Furthermore, as the number of wind turbines installed in the region grows, so does the demand for thermoplastic composites.
Key market players in the global Thermoplastic Compositesindustries are Celanese Corporation, DowDuPont Inc., Koninklijke DSM N.V., Solvay S.A., Toray Industries, Inc., Lanxess AG, and SABIC are few of the leading players in the thermoplastic composites market.
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