The Thermoplastic Composites Market is expected to reach USD 1.49 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the increasing demand from automotive and transportation and wind energy industries which are expected to accelerate the market growth globally.
Hybrid composites are generally used in a mixture of two or more reinforcement fibers. The hybrid composites are a type of composites with either various fiber materials or different matrix materials. For example, two types of continuous fibers such as glass fiber and carbon fiber are fastened together to utilize the high toughness of the glass fiber and the high absolute value of the carbon fiber. Also, carbon fiber used in combination with polymer composites that are used extensively in several engineering fields where essential mechanical properties and lightweight are required. The market is anticipated to grow with a notable rate in the coming years, due to rising demand for lightweight materials, which decreases the weight of vehicles and wind blades.
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Top Players in the Global Thermoplastic Composites Market:
Hexcel Corporation, SGL Carbon SE, Exel Group World Wide, TEIJIN LIMITED, Solvay, Gurit, Innegra Technologies, LLC, PlastiComp, Inc., Royal DSM N.V, General Electric.
Moreover, technological advancements in hybrid fabric materials are expected to promote their Fiber s in the downstream markets, and this will expand the business scope further. The leading companies have invested in boosting their production capacities recently and initiated the adoption of other strategies to fulfill the rising demand for hybrid fabric. Plenty of Fibers of the product in multiple sectors along with the considerable preference for these fabrics as a result of changing fashion trends and lifestyles in clothing will expand the market size.
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Market segmentation based on Resin Type Outlook:
- Thermoset
- Thermoplastic
Fiber Outlook:
- Carbon/Glass and Glass/Carbon
- Aramid/Carbon
- HMPP/Carbon
- UHMWPE/Carbon
- Others
End User Outlook:
- Automotive Transportation
- Marine
- Aerospace Defense
- Wind Energy
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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