DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Growth Opportunities in the Global Thermoplastic Composites Market" report to their offering.
The global thermoplastic composites market is expected to reach an estimated $16.4 billion by 2021 and it is forecast to grow at a CAGR of 4.8% by value from 2016 to 2021. The major drivers for market growth are the increasing demand for lightweight and environmentally sustainable materials, and the replacement of metals with composites in different end use industries.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing inter-material competition and increasing focus on continuous fiber reinforced thermoplastic composites.
On the basis of its comprehensive research, Lucintel forecasts that the transportation and construction segments are expected to show above average growth during the forecast period.
Within the global thermoplastic composites market, the transportation segment is expected to remain the largest segment by value and volume. Expected increasing global automotive production and increasing demand for lightweight materials to achieve higher fuel efficiency are the major driving forces that spur growth for this segment over the forecast period.
Europe is expected to remain the largest market for thermoplastic composites due to growing demand for lightweight and environmentally sustainable composite materials from the end use industries.
- BASF SE
- Hanwha L&C
1. Executive Summary
2. Industry Background and Classifications
3. Market Trends and Forecast Analysis
4. Competitor Analysis
5. Growth Opportunities and Strategic Analysis
6. Company Profiles of Leading Players
For more information about this report visit http://www.researchandmarkets.com/research/5bms6v/growth