On January 12, 2024, the Research And Markets website released the Global Thermoplastic Composites-Global strategic Business Report. According to the report, the global thermoplastic composites market is expected to be US$26.3 billion in 2022 and will reach US$26.3 billion by 2030. , the market size of this field is expected to reach US$46 billion, growing at a compound annual growth rate of 7.2% during the analysis period of 2022-2030

In the area of key market drivers, as the focus of the automotive industry increasingly shifts towards fuel-efficient vehicles, the demand for lightweight thermoplastic composites increases, while the increase in electric vehicle applications and production favors the demand for thermoplastic elastomers in electric vehicles, At the same time, given the encouraging outlook for automobile production, the growth prospects for thermoplastic composites for the automotive industry are good. In the aerospace sector, the growing focus on lightweighting and fuel cost reduction is also beneficial for the market growth of thermoplastic composites. Some aircraft interior manufacturers are increasingly relying on composites, and thermoplastic composites have potential in the eVTOL and UAM markets. Chance.

By type of reinforcing fiber, short fiber thermoplastics will be one of the largest market segments, with an expected compound annual growth rate of 6.9%. By the end of 2030, the short fiber thermoplastics market will reach US$25.7 billion. The long fiber thermoplastics market is expected to grow at a compound annual growth rate of 8% between 2022 and 2030.

According to global regional division, the U.S. thermoplastic composites market is expected to be US$7.2 billion in 2022; China is the world's second largest economy, and its market size is expected to reach US$7.6 billion by 2030, with a compound annual growth rate of 2022 to 2030. The growth rate was 9.2%. Other markets to watch include Japan and Canada, which are expected to grow by 5.3% and 6.3% respectively during 2022-2030. In Europe, Germany's CAGR is expected to be approximately 7%. Led by countries such as Australia, India and South Korea, the market in the Asia-Pacific region is expected to reach US$6.7 billion by 2030.