Thermoplastic Composites - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)

The Thermoplastic Composites Market size is estimated at 4.91 Million tons in 2025, and is expected to reach 6.30 Million tons by 2030, at a CAGR of 5.10% during the forecast period (2025-2030).

This volume expansion implies that more than one-third of the material capacity expected in 2030 is not yet installed today, so producers that can scale quickly will have a pricing advantage. A parallel rise in design-for-recycling programs indicates that part of this future capacity will come from reclaimed streams rather than only greenfield capacity, which subtly shifts long-term cost curves in favor of integrated recyclers. The geography and end-market distributions imply a dual-track growth path: volume is led by Asia-Pacific high-throughput applications, whereas value and technology leadership are anchored in North American and European aerospace programs.

Global Thermoplastic Composites Market Trends and Insights

Rapid Vehicle Lightweighting Mandates in Europe and the United States

Regulatory fleet-average emissions limits in both regions have tightened enough that every 10 kg of weight removed from a passenger car has become financially material to original-equipment manufacturers (OEMs). Thermoplastic Composites enable weight cuts of 30 to 40% against steel, so a midsize vehicle that adopts composite leaf springs or seat frames can gain roughly 15 km of additional electric-range equivalence without changing battery chemistry. A fresh inference from recent design-studio feedback is that the ease of welding composite sub-assemblies is shrinking prototype lead times, providing an unexpected benefit in faster model refresh cycles. As a result, even supply-chain teams are viewing weight savings through the twin lenses of regulatory compliance and accelerated time-to-market.

OEM Push for Recyclable Composite Solutions in E-Mobility

Automakers increasingly set internal targets that at least 30% of composite content in battery enclosures and under-body shields be mechanically recyclable. Unlike thermosets, Thermoplastic Composites industry solutions can be melt-reprocessed, so closed-loop contracts between molders and OEMs are now written directly into sourcing agreements. One emergent inference is that finance departments are treating recyclability not only as a sustainability metric but also as a hedge against volatile virgin-resin pricing. Consequently, procurement teams are weighing end-of-life value recovery when calculating total cost of ownership, which subtly favors thermoplastics even before explicit regulatory credit is offered.

High Cost of Raw Materials and Forming Challenges

Even after two decades of incremental process improvements, high-performance resins such as PEEK still carry a 20 to 40% price premium over mid-range alternatives. Because processing temperatures often exceed 350 °C, manufacturers invest in autoclaves and press systems with higher capital intensity, so amortization per part remains significant for small series. A novel inference, however, is that closed-loop recycling breakthroughs now promise to supply reclaimed PEEK and carbon fiber at cost levels below virgin polyamide within five years, which could flatten the historic price hierarchy. If that scenario plays out, component designers may re-rank materials based on performance alone rather than cost-performance trade-offs.

Other drivers and restraints analyzed in the detailed report include:

1. Asia-Pacific Megaproject Pipeline for LNG and Hydrogen Storage
2. Thermoplastic Over-Moulding Adoption in Smart Electronics Housings
3. Limited Awareness and Standardization

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Polyamide maintains 38% Thermoplastic Composites market share in 2024, whereas PEEK is projected to record a 6.01% CAGR between 2025-2030, reflecting a clear split between volume and value segments. This configuration signals that dual-sourcing strategies will remain standard, because OEMs balance the cost advantages of PA against the performance headroom of PEEK in critical parts. A logical inference is that as PEEK recyclate becomes commercially viable, overall cost parity could close faster than historical adoption curves suggest, accelerating substitution in aerospace clips and brackets.

Bio-based and recycled PA6 variants are gaining purchase in consumer-electronics casings where brand owners prioritise low carbon footprints, while high-glass-fiber PA66 continues to dominate automotive under-the-hood components.

Glass fiber secures 88% Thermoplastic Composites market size share in 2024, yet carbon fiber is expected to expand at a 5.75% CAGR through 2030 as aerospace, premium automotive, and energy storage adopt higher modulus solutions. The widening split indicates manufacturers supplying both fibers can hedge against raw-material price swings while servicing divergent application sets. An immediate inference is that capacity additions in carbon fiber could outpace demand growth temporarily, potentially compressing margins and enabling penetration of mid-tier applications earlier than forecast.

The Thermoplastic Composites Market Report Segments the Industry by Resin Type (Polypropylene (PP), Polyamide (PA), and More), Fiber Type (Glass Fiber, and More), Product Type (Short Fiber Thermoplastic (SFT), Long Fiber Thermoplastic (LFT), and More), End-User Industry (Automotive, Aerospace and Defense, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa).

Geography Analysis

Asia-Pacific's 48% Thermoplastic Composites market share rests on a manufacturing ecosystem that integrates polymer synthesis, fiber production, and part moulding within single economic zones, minimizing logistics costs. China's EV battery enclosure demand alone is large enough to influence global PP and PA6 supply-demand balances, a dynamic that grants regional buyers volume-based pricing leverage. The Middle-East and Africa are the fastest-growing regions with a 5.65% CAGR.

North America is buoyed by its role as the epicentre of thermoplastic qualification for commercial aircraft fuselages. Federal research funding into sustainable aviation fuel also indirectly benefits composite demand, because lighter airframes maximize fuel-saving returns. Europe follows closely, driven by stringent vehicle carbon-emission standards and a well-established wind energy supply base that is experimenting with thermoplastic blades.

1. Arkema
2. Avient Corporation
3. BASF
4. Celanese Corporation
5. Daicel Corporation
6. dsm-firmenich
7. DuPont
8. Hexcel Corporation
9. LANXESS
10. LyondellBasell Industries Holdings B.V.
11. Mitsubishi Chemical Group Corporation
12. Owens Corning
13. RTP Company
14. SABIC
15. SGL Carbon
16. Solvay
17. TechnoCompound GmbH
18. TEIJIN LIMITED
19. TORAY INDUSTRIES, INC.
20. Victrex plc

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support