Lucintel Forecasts Thermoplastic Composites Market to Reach $32 billion by 2031
According to the recent study the thermoplastic composites market is projected to reach an estimated $32 billion by 2031 with a CAGR of 5% 2024 to 2031. Growth in this market is primarily driven by growing demand for lightweight and environmentally sustainable materials, and the replacement of metals with composites in different end use industries.
Browse 124 figures / charts and 85 tables in this 260 -page report to understand trends, opportunities and forecast in thermoplastic composites market by end use (transportation, consumer goods, construction, industrial, and others), material type (SFT, LFT, GMT, and CFT), reinforcement type (glass fiber, and carbon fiber and other), resin type (PP, PA, PBT, others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that transportation by end use will remain the largest end use segment over the forecast period due to increasing demand for lightweight materials
SFT thermoplastic composites will remain the largest segment by material over the forecast period due to its wide usage in injection molding part fabrication.
Download sample by clicking on thermoplastic composites market
Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to growing demand for lightweight and environmentally sustainable composite materials from the end use industries.
Tencate Advanced Composites, Cytec Solvay Group, Celanese, SABIC, BASF SE, DSM, DuPont, LANXESS/Bond Laminates, Hanwha Corporation, and RTP Company are the major supplier in the thermoplastic 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
Explore Our Latest Publications
Gravity Sensor Market
Playing Card Market
Pumped Hydroelectric Energy Storage (PHES) Market
Spa and Salon Software Market
Media Contact
Company Name: Lucintel
Contact Person: Roy Almaguer
Email: Send Email
Phone: 972.636.5056
Address: 8951 Cypress Waters Blvd., Suite 160
City: Dallas
State: TEXAS
Country: United States
Website: https://www.lucintel.com/thermoplastic-composites-market.aspx
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
an hour ago
- Globe and Mail
PRIMECAP Management Co Reduces Stake in Broadcom Inc.
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. PRIMECAP Management Co, managed by Theofanis Kolokotrones, recently executed a significant transaction involving Broadcom Inc. ((AVGO)). The hedge fund reduced its position by 119,722 shares. Spark's Take on AVGO Stock According to Spark, TipRanks' AI Analyst, AVGO is a Outperform. Broadcom's strong financial performance, especially in AI-driven revenue growth, and optimistic earnings outlook are significant positives. However, technical overbought signals, high valuation, and debt levels temper the overall score. The company's proactive financial strategies and solid profitability support a positive long-term view. To see Spark's full report on AVGO stock, click here. More about Broadcom Inc. YTD Price Performance: 31.79% Average Trading Volume: 20,712,671 Current Market Cap: $1429.4B Disclaimer & Disclosure Report an Issue
CTV News
an hour ago
- CTV News
Could Bitcoin mining be used to heat Vancouver's Kitsilano Pool?
A pitch to use the heat from bitcoin mining to warm the beleaguered Kits Pool is on the agenda at a crypto conference where the mayor will be speaking. Loading the player instance is taking more time than usual Loading the player instance is taking more time than usual A Vancouver group believes it has a solution to address financial and structural issues with the city's popular Kitsilano Pool – Bitcoin mining. Jarret Vaughan, with Kits Pool Swimmers, said he wants the pool to stay open year-round, and to maintain its length during an upcoming rebuilding process, but recognizes it will be very expensive. 'In searching for a solution, what we discovered was that Bitcoin mining produces an enormous amount of heat,' he said. There are organizations such as Burnaby-based MintGreen that make digital boilers that capture heat, Vaughn said, suggesting that extra heat from mining Bitcoin could be used to warm the pool. 'What's really important to understand is that with Bitcoin mining, there is no additional energy needed to heat the pool,' he said. 'Run the system 24/7' Colin Sullivan, the CEO and founder of MintGreen, said depending on a number of factors, the system could generate two Bitcoin per month – and he believes the digital boilers could alter the pool's future. 'The benefit to the city is you have an opportunity to run the system 24/7, 365 and not only not have that be a cost, but have that be a profit centre to heat it as well,' he said. Vaughan, an adjunct professor at the University of British Columbia's Sauder School of Business, said he's had discussions with the park board and Mayor Ken Sim about the feasibility of the idea. The city confirmed staff met with the group earlier this year as part of the preliminary feasibility study for the Kitsilano Pool replacement. 'If the city and park board decide to pursue alternative heating technologies in the future, potential providers would be considered through the city's standard procurement process to ensure fairness, transparency and competitiveness,' the city said, in a statement. Greenwashing Werner Antweiler, an economics professor at the University of British Columbia, called the idea an exercise in Bitcoin greenwashing. 'The proponents want to make Bitcoin mining look 'sustainable' even though Bitcoin mining overall is a highly environmentally destructive activity because of its outsized electricity use worldwide,' he said. Antweiler also questioned what the municipality would do if the digital boiler failed to make a profit and had to be shut down. 'Would the municipality be without heating for their pool?' he asked. 'Would they have to replace it with another source? There are too many uncertainties here for a municipality to take on such a risk.' Bitcoin conference Both Vaughan and Sullivan will be discussing this proposal in a panel called 'Heating Kitsilano Pool with Bitcoin Mining,' scheduled this weekend at the Learning Bitcoin conference. Sim will also be speaking at the conference during a talk called 'Bitcoin and the City of Vancouver.' Green Coun. Pete Fry said there's a number of important issues Sim should focus on, and that crypto is not one of them. 'Similar to dismissing the park board, these seem to be the priorities of the mayor that are disconnected from what I think the people of Vancouver are looking for in leadership,' he said. 'That's not crypto investments.' The mayor's office told CTV News: 'Mayor Sim's focus remains on the priorities that matter most to Vancouverites: making our city safer, building more housing, faster, and making life more affordable for all residents.' In December, 2024 City Council passed Sim's motion asking staff to make the city 'bitcoin friendly.' Staff are expected to present this report in the Fall.
Globe and Mail
an hour ago
- Globe and Mail
PRIMECAP Management Co Reduces Stake in Tesla Motors
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. PRIMECAP Management Co, managed by Theofanis Kolokotrones, recently executed a significant transaction involving Tesla Motors ((TSLA)). The hedge fund reduced its position by 165,045 shares. Spark's Take on TSLA Stock According to Spark, TipRanks' AI Analyst, TSLA is a Outperform. Tesla's overall stock score reflects strong financial health and strategic advancements in technology and energy. While technical indicators and high valuation present challenges, the company's robust earnings call and leadership retention efforts provide a positive outlook for future growth. To see Spark's full report on TSLA stock, click here. More about Tesla Motors YTD Price Performance: -10.61% Average Trading Volume: 105,651,938 Current Market Cap: $1093.5B Disclaimer & Disclosure Report an Issue
