Lucintel Forecasts The Thermoplastic Resin In Global Automotive Composites Market To Reach $7 Billion By 2031

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the thermoplastic resin in global automotive composites market looks promising with opportunities in the marine, pipe and tank, construction, transportation, wind energy, aerospace and defense, electrical and electronics, and consumer goods sector. The thermoplastic resin in the global automotive composites market is expected to reach an estimated $7 billion by 2031 with a CAGR of 4% from 2024 to 2031. The major growth drivers for this market are increasing demand for lightweight material as well as high performance materials in different application of automotive markets.
A more than 150-page report to understand trends, opportunity and forecast in thermoplastic resin in global automotive composites market to 2031 by application (exterior, interior, powertrain system, under body system, chassis system, etc), material type (short fiber thermoplastics, long fiber thermoplastics, continuous fiber thermoplastics, etc), resin type (polypropylene, polyamide, etc), and region (North America, Europe, Asia Pacific and Rest of the World).
Lucintel forecasts that PA resin ...
... will remain the largest segment over the forecast period due to its very tough material, with excellent all-round chemical resistance. Poly butylene terephthalate resin is expected to witness highest growth over the forecast period.
Powertrain system will remain the largest segment over the forecast period due to increasing penetration of composites materials in automotive industry. Exterior is expected to witness highest growth over the forecast period.
Download sample by clicking on thermoplastic resin in global automotive composites market.
Europe is expected to remain the largest region over the forecast period due to the growth in the automotive production in this region. ROW is expected to witness highest growth over the forecast period.
Celanese, SABIC, Toray Industries Inc., Syensqo, BASF, Jushi Group Co., Ltd., Johns Manville Corporation, Chongqing Polycomp International Corporation, LANXESS, DuPont are the major suppliers in the thermoplastic resin in global automotive composites market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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