Automotive Thermoplastic Polymer Composites Market Size (2024 - 2029)

The automotive thermoplastic polymer composite market is experiencing growth due to the increasing adoption of these materials, which offer benefits such as high volume processability, recyclability, and superior damage tolerance. These composites are widely used in various transportation modes, with long-fiber thermoplastics being particularly prominent in the automotive sector. The market size is influenced by the automotive industry's need to reduce vehicle mass to comply with stringent emission regulations, thereby decreasing carbon dioxide emissions.

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Market Size of Automotive Thermoplastic Polymer Composites Industry

Automotive Thermoplastic Polymer Composite Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 7.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

Automotive Thermoplastic Polymer Composite Market Major Players

*Disclaimer: Major Players sorted in no particular order

Automotive Thermoplastic Polymer Composites Market Analysis

Automotive Thermoplastic Polymer Composite Market is expected to register a CAGR of 4%, during the forecast period.

  • There has been rising interest toward thermoplastic polymer composites since the past few years, owing to several advantages of these materials, including high volume processability, recyclability, superior damage tolerance, and fracture toughness, and ability to produce complex shapes.
  • These composites found applications in different modes of transportation, from cars to underground trains. Among thermoplastic composites, long-fiber thermoplastics (LFTs) are being extensively used in the transportation sector.
  • The automotive industry was impacted due to high fuel prices. Furthermore, in the transportation industry, vehicle OEMs and suppliers use thermoplastic composites to reduce vehicle mass. Due to stringent emission regulations, automotive manufacturers are focusing on reducing the weigh of vehicle, as it helps in saving a noticeable amount of carbon dioxide emissions. A 10-kilogram weight reduction is estimated to reduce 1 gram of carbon dioxide per kilometer.

Automotive Thermoplastic Polymer Composites Industry Segmentation

Automotive Thermoplastic Polymer Composite Market is segmented By Production Type (Hand Layup, Resin Transfer Molding, Vacuum Infusion Processing, Injection Molding, and Compression Molding), By Application Type (Structural Assembly, Power Train Components, Interior, Exterior and Others), and by Geography.

Production Type
Hand Layup
Resin Transfer Molding
Vaccum Infusion Processing
Injection Molding
Compression Molding
Application Type
Structural Assembly
Power Train Components
Interior
Exterior
Others
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Spain
Rest of Europe
Asia Pacific
India
China
Japan
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Argentina
Middle-East and Africa
United Arab Emirates
Saudi Arabia
Rest of Middle-East and Africa
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Automotive Thermoplastic Polymer Composites Market Size Summary

The automotive thermoplastic polymer composite market is experiencing a notable shift towards the adoption of these materials due to their advantageous properties such as high volume processability, recyclability, and superior damage tolerance. These composites are increasingly utilized across various transportation modes, with long-fiber thermoplastics being particularly prominent in the automotive sector. The push for lighter vehicles, driven by stringent emission regulations and the need for improved fuel efficiency, has led manufacturers to incorporate thermoplastic composites to reduce vehicle mass. This trend is further supported by innovations in materials like glass mat thermoplastic sheets, which offer design flexibility, low density, and high productivity, making them competitive alternatives to traditional materials.

The market is characterized by significant collaboration among key industry players, aiming to enhance the performance and cost-effectiveness of thermoplastic composites. Companies such as DuPont and SABIC are at the forefront, engaging in strategic partnerships and developing advanced technologies to replace traditional materials with lightweight, recyclable options. The focus on reducing carbon emissions and improving fuel economy is driving the demand for continuous fiber-reinforced thermoplastic composites, which are integral to the multi-material approach in future vehicle designs. Despite the market's consolidation, with a few major players dominating, the ongoing innovations and regulatory pressures are expected to sustain the growth and penetration of thermoplastic composites in the automotive industry.

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Automotive Thermoplastic Polymer Composites Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porters 5 Force Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Production Type

      1. 2.1.1 Hand Layup

      2. 2.1.2 Resin Transfer Molding

      3. 2.1.3 Vaccum Infusion Processing

      4. 2.1.4 Injection Molding

      5. 2.1.5 Compression Molding

    2. 2.2 Application Type

      1. 2.2.1 Structural Assembly

      2. 2.2.2 Power Train Components

      3. 2.2.3 Interior

      4. 2.2.4 Exterior

      5. 2.2.5 Others

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Rest of North America

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Spain

        5. 2.3.2.5 Rest of Europe

      3. 2.3.3 Asia Pacific

        1. 2.3.3.1 India

        2. 2.3.3.2 China

        3. 2.3.3.3 Japan

        4. 2.3.3.4 Rest of Asia-Pacific

      4. 2.3.4 Latin America

        1. 2.3.4.1 Mexico

        2. 2.3.4.2 Brazil

        3. 2.3.4.3 Argentina

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 United Arab Emirates

        2. 2.3.5.2 Saudi Arabia

        3. 2.3.5.3 Rest of Middle-East and Africa

Automotive Thermoplastic Polymer Composites Market Size FAQs

The Automotive Thermoplastic Polymer Composites Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)

3B-Fiberglass , Base Group , BASF, Gurit and Solvay are the major companies operating in the Automotive Thermoplastic Polymer Composites Market.

Automotive Thermoplastic Polymer Composites Report Snapshots

Automotive Thermoplastic Polymer Composite Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)