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United States Thermoplastic Polymer Composites Market

United States Thermoplastic Polymer Composites Market

United States Thermoplastic Polymer Composites Market, By Fiber Type (Glass Fiber, Carbon Fiber, Natural Fiber); By Resin Type (Polypropylene (PP), Polyamide (PA), Polyetheretherketone (PEEK), Polycarbonate (PC), Polyphenylene Sulfide (PPS), Others (PEI, PET)); By Manufacturing Process (Injection Molding, Compression Molding, Pultrusion, Additive Manufacturing (3D Printing), Others (Filament Winding, Autoclave Molding)); By Application (Automotive & Transportation, Aerospace & Defense, Electrical & Electronics, Construction & Infrastructure, Consumer Goods, Industrial Equipment, Others (Healthcare, Sports Equipment); By End User (Automotive, Aerospace, Energy (Wind Turbines), Consumer Electronics, Construction, Medical & Healthcare, Sports & Leisure, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2031

  • Published Date: January 2025
  • Report ID: BWC25060
  • Available Format: PDF
  • Page: 131

Report Overview

A spurring demand for advanced, fuel efficient, corrosion resistant, and lightweight materials from automotive & electric vehicles, aerospace, and construction industries is expected to drive United States Thermoplastic Polymer Composites Market during the forecast period between 2025 and 2031.

United States Thermoplastic Polymer Composites Market – Industry Trends & Forecast Report, 2031

United States Thermoplastic Polymer Composites Market size was estimated at USD 6.4 billion in 2024. During the forecast period between 2025 and 2031, United States Thermoplastic Polymer Composites Market size is projected to grow at a CAGR of 5.60% reaching a value of USD 9.2 billion by 2031. The market for Thermoplastic Polymer Composites in United States is driven by an increasing demand from the automotive, aerospace, and construction industries. Lightweight materials are crucial for fuel efficiency and performance in electric vehicles and aircraft. Corrosion resistance and cost savings are significant factors. Regulatory requirements for environmental sustainability and advanced manufacturing technologies also play a key role.

United States Thermoplastic Polymer Composites Market

Thermoplastic Polymer Composites – Overview

Thermoplastic polymer composites are materials combining thermoplastic resins with additives like fibers, minerals, or metal powders. They are valued for lightweight, strength, impact resistance, and recyclability. Commonly used in automotive, aerospace, and construction industries, thermoplastic polymer composites offer cost savings, corrosion resistance, and environmental sustainability. Their ability to be repeatedly melted and reshaped makes them versatile and efficient for advanced manufacturing processes.

United States Thermoplastic Polymer Composites Market

Growth Drivers

Increasing Demand in Automotive and Aerospace Industries

Increasing demand for thermoplastic polymer composites in the automotive and aerospace industries is a significant growth driver for United States Thermoplastic Polymer Composites Market. The need for lightweight materials to enhance fuel efficiency and performance in electric vehicles and aircraft is propelling market growth. Additionally, the expansion of commercial space aircraft manufacturing and air passenger traffic boosts demand in the aerospace sector. The adoption of advanced lightweight components in manufacturing further supports this trend.

Challenges

Limited Availability of Raw Materials

Limited availability of raw materials in certain regions is a significant restraint for United States Thermoplastic Polymer Composites Market. Supply chain disruptions and geopolitical issues can lead to shortages of essential raw materials like carbon fibers and glass fibers. This scarcity could increase costs and delay production, impacting the overall market growth. Additionally, regional disparities in raw material availability can limit market expansion and affect competitiveness.

Impact of Escalating Geopolitical Tensions on United States Thermoplastic Polymer Composites Market

Escalating geopolitical tensions could significantly impact United States Thermoplastic Polymer Composites Market by disrupting supply chains and increasing raw material costs. Political instability can lead to sanctions, trade restrictions, and heightened tariffs, affecting the import of critical composite materials and advanced manufacturing technologies. It could result in production delays and higher costs, ultimately hindering market growth.

United States Thermoplastic Polymer Composites Market

Segmental Coverage

United States Thermoplastic Polymer Composites Market – By Fiber Type

Based on fiber type, United States Thermoplastic Polymer Composites Market is divided into Glass Fiber, Carbon Fiber, and Natural Fiber segments. The glass fiber segment holds the largest share of United States Thermoplastic Polymer Composites Market by fiber type, due to glass fiber's high strength, excellent insulation capabilities, and non-corrosive properties, making it ideal for applications in the aerospace, automotive, and construction industries. The material's versatility and cost-effectiveness further contribute to its leading position in the market.

United States Thermoplastic Polymer Composites Market Size

United States Thermoplastic Polymer Composites Market – By Resin Type

United States Thermoplastic Polymer Composites Market by resin type is divided into Polypropylene (PP), Polyamide (PA), Polyetheretherketone (PEEK), Polycarbonate (PC), Polyphenylene Sulfide (PPS), and other resin types (including PEI and PET) segments. The polyamide (PA) segment holds the largest share of United States Thermoplastic Polymer Composites Market by resin type, due to PA's superior mechanical properties, such as high strength and durability, making it a preferred choice across various industries, including automotive and aerospace. Additionally, the recyclability and sustainability of thermoplastic composites contribute to their growing demand, as industries seek eco-friendly alternatives to traditional materials.

United States Thermoplastic Polymer Composites Market Share

United States Thermoplastic Polymer Composites Market – By Manufacturing Process

On the basis of manufacturing process, United States Thermoplastic Polymer Composites Market is divided into Injection Molding, Compression Molding, Pultrusion, Additive Manufacturing (3D Printing), and other manufacturing processes (Filament Winding and Autoclave Molding) segments. The injection molding segment stands out as the largest in United States Thermoplastic Polymer Composites Market. This prominence is attributed to its efficiency, precision, and cost-effectiveness, enabling the production of complex shapes with minimal waste. Industries, such as automotive, aerospace, and consumer goods, extensively utilize injection molding for fabricating various components. The continuous advancements in injection molding technology, including the development of high-performance machines and automation, are expected to further drive market growth.

United States Thermoplastic Polymer Composites Market – By Application

Based on application, United States Thermoplastic Polymer Composites Market is divided into Automotive & Transportation, Aerospace & Defense, Electrical & Electronics, Construction & Infrastructure, Consumer Goods, Industrial Equipment, and other applications (including Healthcare and Sports Equipment) segments. The transportation sector, encompassing automotive and aerospace industries, stands as the largest application in United States Thermoplastic Polymer Composites Market. The segment’s dominance is attributed to the increasing demand for lightweight materials that enhance fuel efficiency and performance. Specifically, short fiber thermoplastics (SFT) are widely used in injection molding for automotive parts, contributing significantly to market size. Additionally, continuous fiber thermoplastics (CFT) are experiencing rapid growth due to their high-performance applications in aerospace components.

United States Thermoplastic Polymer Composites Market – By End User

On the basis of end user, United States Thermoplastic Polymer Composites Market is divided into Automotive, Aerospace, Energy (Wind Turbines), Consumer Electronics, Construction, Medical & Healthcare, Sports & Leisure, and other end users segments. The automotive segment is particularly the largest end user in United States Thermoplastic Polymer Composites Market, due to the increasing demand for lightweight materials to enhance fuel efficiency and meet stringent emission standards. Short fiber thermoplastics (SFT) are predominantly used in this sector due to their suitability for injection molding processes. Additionally, the consumer goods segment is expected to witness significant growth, fueled by the rising demand for lightweight and high-performance plastic compounds.

Competitive Landscape

Major companies operating in United States Thermoplastic Polymer Composites 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. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2031

Base Year – 2024

Estimated Year – 2025

Forecast Period – 2025–2031

Facts Covered

Revenue in USD Billion

Market Coverage

United States 

Product/ Service Segmentation

Fiber Type, Resin Type, Manufacturing Process, Application, End User

Key Players

BASF, Gurit, Solvay, Arkema Group, Cytec Industries Inc., Celanese Corporation, Daicel Polymer Ltd, DuPont de Nemours, Tri-Mack Plastics Manufacturing Corporation, Lincoln Plastics

 

By Fiber Type     

  • Glass Fiber

  • Carbon Fiber

  • Natural Fiber

By Resin Type

  • Polypropylene (PP)

  • Polyamide (PA)

  • Polyetheretherketone (PEEK)

  • Polycarbonate (PC)

  • Polyphenylene Sulfide (PPS)

  • Others (PEI, PET)

By Manufacturing Process

  • Injection Molding

  • Compression Molding

  • Pultrusion

  • Additive Manufacturing (3D Printing)

  • Others (Filament Winding, Autoclave Molding)

By Application

  • Automotive & Transportation

  • Aerospace & Defense

  • Electrical & Electronics

  • Construction & Infrastructure

  • Consumer Goods

  • Industrial Equipment

  • Others (Healthcare, Sports Equipment)

By End User

  • Automotive

  • Aerospace

  • Energy (Wind Turbines)

  • Consumer Electronics

  • Construction

  • Medical & Healthcare

  • Sports & Leisure

  • Others

  1. Research Framework
    1. Research Objective
    2. Fiber Type Overview
    3. Market Segmentation
  2. Executive Summary
  3. United States Thermoplastic Polymer Composites Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increasing demand in automotive and aerospace industries
        2. Growing adoption in the construction sector
        3. Rising awareness of sustainable and recyclable materials
      2. Restraints
        1. High initial costs of thermoplastic polymer composites compared to traditional materials
        2. Limited availability of raw materials in certain regions
        3. Competition from thermoset composites in specific Resin Types
      3. Opportunities
        1. Growing interest in electric vehicles (EVs)
        2. Expansion of renewable energy projects
      4. Challenges
        1. Need for skilled labor and specialized equipment for composite manufacturing.
        2. High cost of R&D to develop new Resin Types and Fiber Types.
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      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
    1. Market Size & Forecast, 2019–2031
      1. By Value (USD Million)
      2. By Volume (Million Tons)
    2. Market Share & Forecast
      1. By Fiber Type     
        1. Glass Fiber
        2. Carbon Fiber
        3. Natural Fiber
      2. By Resin Type
        1. Polypropylene (PP)
        2. Polyamide (PA)
        3. Polyetheretherketone (PEEK)
        4. Polycarbonate (PC)
        5. Polyphenylene Sulfide (PPS)
        6. Others (PEI, PET)
      3. By Manufacturing Process
        1. Injection Molding
        2. Compression Molding
        3. Pultrusion
        4. Additive Manufacturing (3D Printing)
        5. Others (Filament Winding, Autoclave Molding)
      4. By Application
        1. Automotive & Transportation
        2. Aerospace & Defense
        3. Electrical & Electronics
        4. Construction & Infrastructure
        5. Consumer Goods
        6. Industrial Equipment
        7. Others (Healthcare, Sports Equipment)
      5. By End User
        1. Automotive
        2. Aerospace
        3. Energy (Wind Turbines)
        4. Consumer Electronics
        5. Construction
        6. Medical & Healthcare
        7. Sports & Leisure
        8. Others
  7. Competitive Landscape
    1. List of Key Players and Their End Users
    2. United States Thermoplastic Polymer Composites Company Market Share Analysis, 2024
    3. Competitive Benchmarking, By Oping Parameters
    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)
    1. BASF
    2. Gurit
    3. Solvay
    4. Arkema Group
    5. Cytec Industries Inc.
    6. Celanese Corporation
    7. Daicel Polymer Ltd
    8. DuPont de Nemours
    9. Tri-Mack Plastics Manufacturing Corporation
    10. Lincoln Plastics
    11. Other Prominent Players
  10. Key Strategic Recommendations
  11. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents
    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

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: What is the current market size of United States Thermoplastic Polymer Composites Market?
Ans: United States Thermoplastic Polymer Composites Market is expected to grow at a CAGR of 5.60% during the forecast period between 2025 and 2031.
Ans: By 2031, United States Thermoplastic Polymer Composites Market size is forecast to reach a value of USD 9.2 billion.
Ans: The growth of United States Thermoplastic Polymer Composites Market is primarily driven by the automotive, aerospace, and construction industries, lightweight materials, electric vehicles, fuel efficiency, corrosion resistance, cost savings, regulatory requirements, and advanced manufacturing technologies.
Ans: Key players in United States Thermoplastic Polymer Composites 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.
Ans: The glass fiber segment is expected to grow at the fastest CAGR in United States Thermoplastic Polymer Composites Market during the forecast period between 2025 and 2031.