Automotive Thermoplastic Resin Composites Market Research, 2033
The global automotive thermoplastic resin composites market was valued at $7.1 billion in 2023, and is projected to reach $11.6 billion by 2033, growing at a CAGR of 5% from 2024 to 2033.
Market Introduction and Definition
Automotive thermoplastic resin composites are advanced materials widely used in the automotive industry consisting of a thermoplastic resin matrix reinforced with high-strength fibers or fillers. Automotive thermoplastic resin composites are utilized in a wide range of applications such as frames, battery trays, bumper beams, load floors, front ends and structural components cross-car beams, roof rails. In addition, Automotive thermoplastic resin composites are advanced materials used in the automotive industry to create various vehicle components. These composites consist of a thermoplastic resin matrix reinforced with fibers such as glass, carbon, or aramid.
Key Takeaways
- The automotive thermoplastic resin composites market study covers 20 countries. The research includes a segment analysis of each country in terms of value ($Billion) for the projected period 2023-2033.
- More than 2,500 product literatures, industry releases, annual reports, and other such documents of major automotive thermoplastic resin composites industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
- The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions to achieve their most ambitious growth objectives.
Key Market Segments
- By Resin Type
- Polycarbonate (PC)
- Polyurethane (PU)
- Polystyrene (PS)
- Polyethylene (PE)
- Polybutylene Terephthalate (PBT)
- Polyethylene Terephthalate (PET)
- Others
- By Fiber Type
- Carbon Fiber
- Glass Fiber
- Others
- By Product Type
- High Temperature Thermoplastics
- Engineering Thermoplastics
- By Application
- Seat Frames
- Battery Trays
- Bumper Beams
- Load Floors
- Front Ends
- Under Engine Covers
- Others
- By Region
- North America
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- SABIC
- Dow
- Mitsubishi Chemical Group Corporation
- Celanese Corporation
- BASF SE
- Covestro AG
- Special Chem
- UFP Technologies, Inc.
- Knauf Industries
- A&C Plastics, Inc.