Thermoplastic Composites Market Growth Comprehensive Analysis By Leading Players 2022-
February 15, 2023 ⚊ 1 Min read ⚊ Views 69 ⚊ BUSINESS
The Thermoplastic Composites Market was valued at USD 22.2 billion in 2020 and is expected to grow at a 7.5% CAGR for a market value of approximately USD 31.8 billion by the end of the forecasted period.
The growing popularity of thermoplastic composites for manufacturing lightweight vehicle components propels the global market. The global penetration of electric vehicles, increasing applications of thermoplastic composites in various end-use industries and rising disposable income are key factors driving the global market growth. The use of thermoplastic composites in automobiles, transportation, construction, aerospace & defense, electronics, and other industries is increasing. Because of their excellent recyclable properties, thermoplastic composites are gaining popularity.
