PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1658726
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1658726
United States Thermoplastic Polymer Composites Market, By Fiber Type; By Resin Type; By Manufacturing Process; By Application; By End User, Trend Analysis, Competitive Landscape & Forecast, 2019-2031
United States Thermoplastic Polymer Composites Market Size to Touch USD 9.2 Billion by 2031
United States Thermoplastic Polymer Composites Market is booming primarily due to a heightened demand for lightweight materials and innovative products in automotive, aerospace, and renewable energy, and favorable recyclability.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Thermoplastic Polymer Composites Market size by value at USD 6.4 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects United States Thermoplastic Polymer Composites Market size to boom at a CAGR of 5.60% reaching a value of USD 9.2 billion by 2031. The Thermoplastic Polymer Composites Market in United States is driven by an increasing demand from the automotive and aerospace industries for lightweight, durable, and fuel-efficient materials. The rise in renewable energy projects boosts applications in wind turbine components. Growing consumer electronics and construction sectors further enhance demand for these composites due to their versatility and high performance. Advancements in manufacturing technologies like additive manufacturing and recycling processes, coupled with the need for sustainable materials, also contribute to market expansion.
Opportunity - Rapid Adoption of Electric Vehicles (EVs)
The rising adoption of electric vehicles (EVs) is expected to significantly drive United States Thermoplastic Polymer Composites Market in the coming years. EV manufacturers increasingly utilize lightweight, durable, and high-performance materials like thermoplastic composites to enhance energy efficiency and extend battery range. These materials offer excellent strength-to-weight ratios, resistance to environmental factors, and design flexibility. With the United States government's strong push for EV adoption through incentives and infrastructure development, the demand for thermoplastic polymer composites continues to grow.
Glass Fiber Segment Dominates US Thermoplastic Composites Market
The glass fiber segment emerges as the largest segment in United States Thermoplastic Polymer Composites Market. Glass fiber composites are widely used due to their cost-effectiveness, high strength, and versatility in applications across industries, such as automotive, construction, and aerospace. The demand for glass fiber composites continues to rise due to their durability, lightweight properties, and ability to improve the performance of thermoplastic materials.
Impact of Escalating Geopolitical Tensions on United States Thermoplastic Polymer Composites Market
Escalating geopolitical tensions can disrupt United States Thermoplastic Polymer Composites Market by causing supply chain interruptions, increasing raw material costs, and hindering international trade. These tensions may lead to regulatory uncertainties, affecting manufacturers' ability to source materials or expand production. Additionally, market demand might fluctuate due to reduced investor confidence and shifting priorities in the defense, aerospace, and automotive sectors, which are key consumers of thermoplastic composites.
Competitive Landscape
United States Thermoplastic Polymer Composites Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include BASF, Gurit, Solvay, Arkema Group, Cytec Industries Inc., Celanese Corporation, Daicel Polymer Ltd, DuPont de Nemours, Tri-Mack Plastics Manufacturing Corporation, and Lincoln Plastics. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in United States Thermoplastic Polymer Composites Market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and United States Thermoplastic Polymer Composites Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in United States Thermoplastic Polymer Composites Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Fiber Type Overview
- 1.3. Market Segmentation
2. Executive Summary
3. United States Thermoplastic Polymer Composites Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing demand in automotive and aerospace industries
- 3.2.1.2. Growing adoption in the construction sector
- 3.2.1.3. Rising awareness of sustainable and recyclable materials
- 3.2.2. Restraints
- 3.2.2.1. High initial costs of thermoplastic polymer composites compared to traditional materials
- 3.2.2.2. Limited availability of raw materials in certain regions
- 3.2.2.3. Competition from thermoset composites in specific Resin Types
- 3.2.3. Opportunities
- 3.2.3.1. Growing interest in electric vehicles (EVs)
- 3.2.3.2. Expansion of renewable energy projects
- 3.2.4. Challenges
- 3.2.4.1. Need for skilled labor and specialized equipment for composite manufacturing.
- 3.2.4.2. High cost of R&D to develop new Resin Types and Fiber Types.
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. United States Thermoplastic Polymer Composites Market: Marketing Strategies
5. United States Thermoplastic Polymer Composites Market: Pricing Analysis
6. United States Thermoplastic Polymer Composites Market Overview
- 6.1. Market Size & Forecast, 2019-2031
- 6.1.1. By Value (USD Million)
- 6.1.2. By Volume (Million Tons)
- 6.2. Market Share & Forecast
- 6.2.1. By Fiber Type
- 6.2.1.1. Glass Fiber
- 6.2.1.2. Carbon Fiber
- 6.2.1.3. Natural Fiber
- 6.2.2. By Resin Type
- 6.2.2.1. Polypropylene (PP)
- 6.2.2.2. Polyamide (PA)
- 6.2.2.3. Polyetheretherketone (PEEK)
- 6.2.2.4. Polycarbonate (PC)
- 6.2.2.5. Polyphenylene Sulfide (PPS)
- 6.2.2.6. Others (PEI, PET)
- 6.2.3. By Manufacturing Process
- 6.2.3.1. Injection Molding
- 6.2.3.2. Compression Molding
- 6.2.3.3. Pultrusion
- 6.2.3.4. Additive Manufacturing (3D Printing)
- 6.2.3.5. Others (Filament Winding, Autoclave Molding)
- 6.2.4. By Application
- 6.2.4.1. Automotive & Transportation
- 6.2.4.2. Aerospace & Defense
- 6.2.4.3. Electrical & Electronics
- 6.2.4.4. Construction & Infrastructure
- 6.2.4.5. Consumer Goods
- 6.2.4.6. Industrial Equipment
- 6.2.4.7. Others (Healthcare, Sports Equipment)
- 6.2.5. By End User
- 6.2.5.1. Automotive
- 6.2.5.2. Aerospace
- 6.2.5.3. Energy (Wind Turbines)
- 6.2.5.4. Consumer Electronics
- 6.2.5.5. Construction
- 6.2.5.6. Medical & Healthcare
- 6.2.5.7. Sports & Leisure
- 6.2.5.8. Others
- 6.2.1. By Fiber Type
7. Competitive Landscape
- 7.1. List of Key Players and Their End Users
- 7.2. United States Thermoplastic Polymer Composites Company Market Share Analysis, 2024
- 7.3. Competitive Benchmarking, By Oping Parameters
- 7.4. Key Strategic Development (Mergers, Acquisitions, Partnerships)
8. Impact of Escalating Geopolitical Tensions on United States Thermoplastic Polymer Composites Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 9.1. BASF
- 9.2. Gurit
- 9.3. Solvay
- 9.4. Arkema Group
- 9.5. Cytec Industries Inc.
- 9.6. Celanese Corporation
- 9.7. Daicel Polymer Ltd
- 9.8. DuPont de Nemours
- 9.9. Tri-Mack Plastics Manufacturing Corporation
- 9.10. Lincoln Plastics
- 9.11. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents
- 11.5. Assumption & Limitation
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
- Figure 1 United States Thermoplastic Polymer Composites Market Segmentation
- Figure 2 United States Thermoplastic Polymer Composites Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2024
- Figure 4 United States Thermoplastic Polymer Composites Market Size, By Value (USD Million), 2019-2031
- Figure 5 United States Thermoplastic Polymer Composites Market Size, By Volume (Million Tons), 2019-2031
- Figure 6 United States Thermoplastic Polymer Composites Market Share, By Fiber Type, By Value (USD Million) 2019-2031
- Figure 7 United States Thermoplastic Polymer Composites Market Share, By Fiber Type, By Volume (Million Tons), 2019-2031
- Figure 8 United States Thermoplastic Polymer Composites Market Share, By Resin Type, By Value (USD Million) 2019-2031
- Figure 9 United States Thermoplastic Polymer Composites Market Share, By Resin Type, By Volume (Million Tons), 2019-2031
- Figure 10 United States Thermoplastic Polymer Composites Market Share, By Manufacturing Process, By Value (USD Million) 2019-2031
- Figure 11 United States Thermoplastic Polymer Composites Market Share, By Manufacturing Process, By Volume (Million Tons), 2019-2031
- Figure 12 United States Thermoplastic Polymer Composites Market Share, By Application, By Value (USD Million) 2019-2031
- Figure 13 United States Thermoplastic Polymer Composites Market Share, By Application, By Value (USD Million) 2019-2031
- Figure 14 United States Thermoplastic Polymer Composites Market Share, By End User, By Value (USD Million) 2019-2031
- Figure 15 United States Thermoplastic Polymer Composites Market Share, By End User, By Volume (Million Tons), 2019-2031
List of Tables
- Table 1 United States Thermoplastic Polymer Composites Market Size, By Value (USD Million), 2019-2031
- Table 2 United States Thermoplastic Polymer Composites Market Size, By Volume (Million Tons), 2019-2031
- Table 3 United States Thermoplastic Polymer Composites Market Share, By Fiber Type, By Value (USD Million) 2019-2031
- Table 4 United States Thermoplastic Polymer Composites Market Share, By Fiber Type, By Volume (Million Tons), 2019-2031
- Table 5 United States Thermoplastic Polymer Composites Market Share, By Resin Type, By Value (USD Million) 2019-2031
- Table 6 United States Thermoplastic Polymer Composites Market Share, By Resin Type, By Volume (Million Tons), 2019-2031
- Table 7 United States Thermoplastic Polymer Composites Market Share, By Manufacturing Process, By Value (USD Million) 2019-2031
- Table 8 United States Thermoplastic Polymer Composites Market Share, By Manufacturing Process, By Volume (Million Tons), 2019-2031
- Table 9 United States Thermoplastic Polymer Composites Market Share, By Application, By Value (USD Million) 2019-2031
- Table 10 United States Thermoplastic Polymer Composites Market Share, By Application, By Value (USD Million) 2019-2031
- Table 11 United States Thermoplastic Polymer Composites Market Share, By End User, By Value (USD Million) 2019-2031
- Table 12 United States Thermoplastic Polymer Composites Market Share, By End User, By Volume (Million Tons), 2019-2031
- Table 9 Saudi Basic Industries Corporation (SABIC) Company Overview
- Table 10 Saudi Basic Industries Corporation (SABIC) Financial Overview
- Table 11 Petrochemical Conversion Company (PCC) Company Overview
- Table 12 Petrochemical Conversion Company (PCC) Financial Overview
- Table 13 BASF Company Overview
- Table 14 BASF Financial Overview
- Table 15 Gurit Company Overview
- Table 16 Gurit Financial Overview
- Table 17 Solvay Company Overview
- Table 18 Solvay Financial Overview
- Table 19 Arkema Group Company Overview
- Table 20 Arkema Group Financial Overview
- Table 21 Cytec Industries Inc. Company Overview
- Table 22 Cytec Industries Inc. Financial Overview
- Table 23 Celanese Corporation Company Overview
- Table 24 Celanese Corporation Financial Overview
- Table 25 Daicel Polymer Ltd Company Overview
- Table 26 Daicel Polymer Ltd Financial Overview
- Table 27 DuPont de Nemours Company Overview
- Table 28 DuPont de Nemours Financial Overview
- Table 29 Tri-Mack Plastics Manufacturing Corporation Company Overview
- Table 30 Tri-Mack Plastics Manufacturing Corporation Financial Overview
- Table 31 Lincoln Plastics Company Overview
- Table 32 Lincoln Plastics Financial Overview
