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The thermoplastic composites market size is forecast to increase by USD 8.64 billion at a CAGR of 7.23% between 2023 and 2028. The market is experiencing significant growth due to advancements in materials science and manufacturing technologies. These innovations have led to improved processability and recyclability, making thermoplastic composites increasingly popular in various industries. In the sporting goods sector, lightweight and durable thermoplastic composites are being utilized to enhance product performance. Meanwhile, in the wind energy and marine industries, thermoplastic composites offer superior density and insulation properties, contributing to increased efficiency and environmental resistance. In infrastructure and building and construction, thermoplastic composites provide enhanced mechanical properties, making them suitable for use in high-stress applications. Furthermore, the integration of functional additives in thermoplastic composites is a developing trend, expanding their use in various sectors.
However, challenges such as higher cost compared to thermoset composites and limited availability of suitable processing technologies remain. Overall, the market for thermoplastic composites is poised for growth, driven by technological advancements and increasing demand across diverse industries.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Market Segmentation by Resin Type
9 Market Segmentation by Fiber Type
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
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