Lucintel’s latest market report analyzed that thermoplastic resin in global automotive composites provides attractive 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 global automotive composites market is expected to reach $7.6 billion by 2027 with a CAGR of 8.8%. In this market, PA is the largest segment by resin, whereas powertrain system is largest by application. Development of hybrid type auto parts and increasing demand for thermoplastic resin in other applications of automotive composites provides strategic growth path in this market.
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Based on resin, the thermoplastic resin in global automotive composites market is segmented into polypropylene (PP), polyamide (PA), polybutylene terephthalate (PBT), and others. The PA segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to its very tough material, with excellent all-round chemical resistance.
Browse in-depth TOC on “Thermoplastic Resin in Global Automotive Composites Market”
101 – Tables
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241 – Pages
The Thermoplastic Resin In Global Automotive Composites Market is marked by the presence of several big and small players. Some of the prominent players offering thermoplastic resin in global automotive composites include Celanese, SABIC, TenCate Advanced Composites, Cytec Solvay Group, BASF SE, Jushi Group Co. Ltd., John’s Manville, Chongqing Polycomp International Corporation, and LANXESS.
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