According to latest analysis by Gen Consulting Company, the global short fiber thermoplastic composite market was USD 2,466 million in 2021 and is expected to reach USD 3,302 million in 2028 and register a CAGR of 4.3% during the forecast period, 2022-2028.
This industry report offers market estimates of the global market, followed by a detailed analysis of the fiber type, resin, end user, and region. The global market data on short fiber thermoplastic composite can be segmented by fiber type: glass fiber, carbon fiber, others. According to the research, the glass fiber segment had the largest share in the global short fiber thermoplastic composite market. Short fiber thermoplastic composite market is further segmented by resin: polypropylene (PP), polyamide (PA), polybutylene terephthalate (PBT), others. In 2021, the PA segment made up the largest share of revenue generated by the short fiber thermoplastic composite market. Based on end user, the short fiber thermoplastic composite market is segmented into: aerospace & defense, automotive and transportation, consumer products, electrical and electronics, others. Among these, the automotive and transportation segment was accounted for the highest revenue generator in 2021. On the basis of region, the short fiber thermoplastic composite market also can be divided into: Europe, North America, Asia-Pacific, Rest of the World. Europe captured the largest share of the market in 2021.
The global short fiber thermoplastic composite market is highly competitive. The report also includes the profiles of leading companies such as Arkema S.A., Avient Corporation, BASF SE, Lanxess AG, RTP Company Inc., Solvay S.A., Sumitomo Bakelite Co. Ltd., Sumitomo Chemical Co. Ltd., Toray Industries Inc., Victrex plc.
The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.
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| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Base Year | 2021 |
| Forecast Year | 2022-2028 |
| CAGR (2022-2028) | 4.26% |
| Pages | 22 |
| Key Players | Arkema S.A., Avient Corporation, BASF SE, Lanxess AG, RTP Company Inc., Solvay S.A., Sumitomo Bakelite Co. Ltd., Sumitomo Chemical Co. Ltd., Toray Industries Inc., Victrex plc |
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