Thermoplastic Composites Market - Forecast 2021 - 2026
Thermoplastic Composites Market Overview Thermoplastic Composites Market size is expected to be valued at $22.4 billion by the end of the year 2026 and is set to grow at a CAGR of 7.2% during the forecast period from 2021-2026. Thermoplastic composites are seeing a surge in the demand from the automobile sector, since various types of thermoplastic composites such as polyamide and polybutylene terephthalate are used in automotive components. Thermoplastic composites are extensively used in the door, walls & ceiling panels of cars and trucks, in other plastic components of the car such as armrest components, setback assemblies, dashboard, and luggage racks on top and display housings in the front interior of a car. The increase in investments from the aerospace and defense industry is also highly driving the thermoplastic components market. COVID-19 impact Amid the Covid-19 pandemic, the thermoplastic composites market incurred major losses due to various restrictions laid in light...