Global Thermoplastic Composites Sector to Post 4.8% CAGR through 2021, States Lucintel in Its New Study Published at MarketPublishers.com23 Dec 2016 • by Natalie Aster
LONDON – The global market for thermoplastic composites has bright future with an abundance of opportunities across the consumer goods, transportation, construction and industrial sectors. The world thermoplastic composites marketplace is projected to grow at a 4.8% CAGR in terms of value, amounting to an estimated USD 16.4 billion by 2021. The surging demand for lightweight and eco-friendly materials, and the substitution of metals with composites in various end-use sectors are the key forces behind the rapid growth of the market.
In terms of end users, the transportation and construction segments will likely demonstrate better-than-average growth in the offing.
The transportation segment is set to continue being the biggest segment in terms of value and volume. Anticipated increasing automotive production worldwide and surging demand for light-weight materials to boost fuel efficiency are some of the key drivers of the growth for the sector over the forecast period.
In-demand research report “Growth Opportunities in the Global Thermoplastic Composites Market” elaborated by Lucintel presents an all-encompassing, unbiased reviews and analysis of the market.
The study gives true insights into the background and classifications with respect to the thermoplastic composites industry. It gives granular market segmentation on the basis of end-use sector, material type, resin type, fiber type, and by geographic region. The report sheds light on the major market trends from 2011 till 2015 and analyses the market size and CAGRs for the overall market and each submarket in question. The study gives true insights into the market driving factors and challenges, reveals the growth opportunities and identifies the emerging trends and innovations in the marketplace. The report also canvasses the competitive scene and profiles the top 7 market players. Additionally, the study provides comprehensive forecasts to 2021-end for the global market and for each individual segment as well as region/country.
More comprehensive studies by the publisher can be found at Lucintel page.