IRVING, Texas, Nov. 28, 2016 /PRNewswire/ -- According to a new market report published by Lucintel, the global thermoplastic composites market is expected to reach an estimated $16.4 billion by 2021 and it is forecast to grow at a CAGR of 4.8% by value from 2016 to 2021.
Europe is expected to remain the largest market for thermoplastic composites due to growing demand for lightweight and environmentally sustainable composite materials from the end use industries.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing inter-material competition and increasing focus on continuous fiber reinforced thermoplastic composites. SABIC, DuPont, LANXESS, BASF, DSM, Solvay, Celanese, RTP Company, JNC Corporation, TechnoCompound, Quadrant AG, and Hanwha are among the major suppliers of thermoplastic composites.
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