PUBLISHER: The Business Research Company | PRODUCT CODE: 1927314
PUBLISHER: The Business Research Company | PRODUCT CODE: 1927314
The term 'thermoplastic composite' denotes a material composed of a thermoplastic matrix combined with reinforcing materials, such as short, long, or continuous glass fibers or carbon fibers. The manufacturing processes for these composites include injection molding, compression molding, tape placement, winding, and thermoforming. The advantages associated with thermoplastic composites encompass short cycle times, flexibility in the production process, and recycling opportunities, among others.
The primary types of thermoplastic composites include short fiber thermoplastics, glass mat thermoplastics, long fiber thermoplastics, and continuous fiber thermoplastics. The market for short fiber thermoplastics involves the sale of composites containing fibers less than 1 mm long. These composites are particularly suitable for injection molding using traditional molding machines. Various fiber types, including glass fiber, carbon fiber, and others, are used in combination with resin types such as polypropylene (PP), polyamide (PA), polyetheretherketone (PEEK), and others. These thermoplastic composites find applications across diverse industries, including transportation, consumer goods and electronics, wind energy, sports and leisure, construction, aerospace and defense, and other end-user sectors.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are impacting the thermoplastic composite market by increasing costs of imported carbon fibers, glass fibers, specialty thermoplastic resins, and advanced processing equipment. Automotive and aerospace manufacturers in North America and Europe are most affected due to dependence on imported reinforcement materials, while Asia-Pacific faces cost pressure on export-oriented composite production. These tariffs are raising material costs and affecting supply chain stability. However, they are also encouraging local fiber production, regional resin manufacturing, and increased recycling of thermoplastic composites.
The thermoplastic composite market research report is one of a series of new reports from The Business Research Company that provides thermoplastic composite market statistics, including thermoplastic composite industry global market size, regional shares, competitors with a thermoplastic composite market share, detailed thermoplastic composite market segments, market trends and opportunities, and any further data you may need to thrive in the thermoplastic composite industry. This thermoplastic composite market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The thermoplastic composite market size has grown strongly in recent years. It will grow from $21.55 billion in 2025 to $23.25 billion in 2026 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to increasing use of composites in transportation, growth of injection and compression molding techniques, rising demand for high-performance materials, expansion of aerospace composite applications, availability of advanced thermoplastic resins.
The thermoplastic composite market size is expected to see strong growth in the next few years. It will grow to $31.01 billion in 2030 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to increasing adoption in electric vehicles, rising demand for recyclable composite solutions, expansion of wind energy installations, growing use in aerospace structures, increasing investments in advanced composite manufacturing. Major trends in the forecast period include increasing adoption of lightweight composite materials, rising use of recyclable thermoplastic composites, growing demand for high-strength continuous fiber materials, expansion of rapid manufacturing processes, enhanced focus on design flexibility.
The rise in the construction industry is expected to drive the growth of the thermoplastic composites market. The construction sector involves planning, designing, and building structures such as buildings, infrastructure, and facilities. Thermoplastic composites are employed in construction for beams, columns, and panels to enhance structural integrity while reducing weight, facilitating easier transportation and assembly. For instance, in June 2023, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, US-based government agencies, privately owned home starts in May 2023 occurred at a seasonally adjusted annual rate of 1,631,000, representing a 21.7% increase over the revised April 2023 estimate of 1,340,000 and a 5.7% rise from May 2022's 1,543,000. Privately owned home completions in May 2023 reached 1,518,000, marking a 5.0% increase from May 2022 and a 9.5% rise over the revised April 2023 figure of 1,386,000. Therefore, the expansion of the construction industry is fueling growth in the thermoplastic composites market.
Key companies in the thermoplastic composites market are focusing on strategic partnerships to accelerate material innovation, enhance technological capabilities, and improve the performance and sustainability of next-generation composites. Strategic partnerships involve collaborations between companies to combine expertise, resources, and technologies for objectives such as advancing product development, optimizing manufacturing, and expanding applications across industries. For example, in January 2023, Sumika Polymer Compounds, a UK-based thermoplastics manufacturer, partnered with Hexagon's Manufacturing Intelligence division, a Sweden-based provider of digital reality solutions, to digitize the performance of new sustainable automotive-grade polypropylene (PP) compounds. This collaboration enables engineers to design components that are more recyclable and have a lower carbon footprint for future vehicles.
In July 2024, TRANSTEX, a US-based provider of cleantech, emission-reducing transportation solutions, and trailer aerodynamic technologies, acquired US Liner Company for an undisclosed amount. The acquisition aims to expand TRANSTEX's manufacturing capacity and secure a reliable supply of advanced thermoplastic composites, strengthening product development and supporting sustainable growth across its transportation-focused portfolio. US Liner Company, based in the US, manufactures fiber-reinforced thermoplastic composites, including glass-reinforced polypropylene materials used in transportation, recreational vehicles, and agricultural applications.
Major companies operating in the thermoplastic composite market are BASF SE, Avient Corporation, Celanese Corporation, Covestro AG, Koninklijke DSM N.V., Lanxess AG, Mitsubishi Chemical Corporation, Saudi Basic Industries Corporation, SGL Carbon SE, Solvay SA, Teijin Limited, Toray Industries Inc., 3B-The Fibreglass Company, Airborne International BV, Arkema SA, Dieffenbacher Group, Hexcel Corporation, Owens Corning, RTP Company, Techmer PM LLC, Tri-Mack Plastics Manufacturing Corporation, Victrex PLC, Web Industries Inc.
Asia-Pacific was the largest region in the thermoplastic composite market in 2025, and it is expected to be the fastest-growing region in the forecast period. The regions covered in the thermoplastic composite market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the thermoplastic composite market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The thermoplastic composite market consists of sales of thermoplastic composite components, including resin matrices, operational derivatives, and armatures. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Thermoplastic Composite Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses thermoplastic composite market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for thermoplastic composite ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The thermoplastic composite market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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