Short Fiber Reinforced Thermoplastic Composite Market Report 2025 (Global Edition)

Global Short Fiber Reinforced Thermoplastic Composite Market Report 2024 Market Size Split by Type (Glass Fiber, Carbon Fiber, Others), by Application (Automotive, Aerospace, Electrical and Electronic...

Short Fiber Reinforced Thermoplastic Composite Market Report Description

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Short Fiber Reinforced Thermoplastic Composite Market Insights Video

Competitive Landscape of the Short Fiber Reinforced Thermoplastic Composite Market

The competitive landscape of the Short Fiber Reinforced Thermoplastic Composite Sales market is characterized by intense rivalry among key players vying for market share. Major companies in the market are strategically focusing on product development, technological innovations, and collaborations to gain a competitive edge.

• In May 2019, Polyone Corporation unveiled new thermoplastic composite products. To meet highly challenging design and performance requirements, it introduced Complete LFT formulations, which is a thermoplastic composite with PEEK and PP as a base resin.

(Source:www.avient.com/news/polyone-carves-out-new-terrain-thermoplastic-composites-camx-2019)

Top Companies Market Share in Short Fiber Reinforced Thermoplastic Composite Industry: (In no particular order of Rank)

• Toray Industries Inc.
• BASF SE
• Arkema Group
• Sumitomo Chemical Co. Ltd
• AVANCO
• LANXESS
• Solvay
• Avient Corporation
• Victrex PLC
• Sumitomo Bakelite Co.Ltd (SBHPP)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

North America held the major market of more than 30% of the global revenue with a market size of USD 0.96 billion in 2023

According to Cognitive Market Research, the global Short Fiber Reinforced Thermoplastic Composite Sales market size was estimated at USD 3.2 Billion out of which North America held the major market of more than 30% of the global revenue with a market size of USD 0.96 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 2.3% from 2023 to 2030. In the regional analysis, the automotive industry stands out as a major segment driving market growth, with manufacturers leveraging these composites for lightweighting and enhancing fuel efficiency. The segmentation analysis underscores the versatility of these composites in applications ranging from aerospace to consumer goods. In conclusion, North America's 30% market share highlights its leadership in the global Short Fiber Reinforced Thermoplastic Composite Sales market, driven by a strong industrial base, technological advancements, and a widespread adoption of innovative materials across various industries.

According to Cognitive Market Research, the global Short Fiber Reinforced Thermoplastic Composite Sales market size was estimated at USD 3.2 Billion out of which Asia Pacific held the fastest growing market of more than 35% of the global revenue with a market size of USD 1.12 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2023 to 2030. The regional analysis highlights the automotive sector as a key segment driving market expansion, where manufacturers increasingly integrate these composites for lightweighting and fuel efficiency. The segmentation analysis underscores the versatility of these materials across applications such as aerospace and consumer goods. In conclusion, Asia-Pacific's 35% market share signifies its pivotal role in propelling the global Short Fiber Reinforced Thermoplastic Composite Sales market, driven by a burgeoning industrial landscape, robust economic growth, and a surge in demand for advanced materials across diverse industries.

The current report Scope analyzes Short Fiber Reinforced Thermoplastic Composite Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Short Fiber Reinforced Thermoplastic Composite Market

According to Cognitive Market Research, the global Short Fiber Reinforced Thermoplastic Composite Sales market size was estimated at USD 3.2 Billion out of which North America held the major market of more than 30% of the global revenue with a market size of USD 0.96 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 2.3% from 2023 to 2030. In the regional analysis, the automotive industry stands out as a major segment driving market growth, with manufacturers leveraging these composites for lightweighting and enhancing fuel efficiency. The segmentation analysis underscores the versatility of these composites in applications ranging from aerospace to consumer goods. In conclusion, North America's 30% market share highlights its leadership in the global Short Fiber Reinforced Thermoplastic Composite Sales market, driven by a strong industrial base, technological advancements, and a widespread adoption of innovative materials across various industries.

Europe Short Fiber Reinforced Thermoplastic Composite Market

According to Cognitive Market Research, the global Short Fiber Reinforced Thermoplastic Composite Sales market size was estimated at USD 3.2 Billion out of which Europe market of more than 26% of the global revenue with a market size of USD 0.83 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2023 to 2030. The regional analysis reveals the prevalence of short fiber-reinforced thermoplastic composites, particularly within the automotive sector, where the emphasis on lightweighting for improved fuel efficiency drives substantial market growth. The segmentation analysis underscores the versatility of these composites across diverse applications, ranging from consumer goods to electrical and electronics. In conclusion, Europe's 26% market share reflects its pivotal role in the global Short Fiber Reinforced Thermoplastic Composite Sales market, fuelled by technological advancements, stringent environmental regulations, and a strong inclination toward adopting innovative materials across industries.

Asia Pacific Short Fiber Reinforced Thermoplastic Composite Market

According to Cognitive Market Research, the global Short Fiber Reinforced Thermoplastic Composite Sales market size was estimated at USD 3.2 Billion out of which Asia Pacific held the fastest growing market of more than 35% of the global revenue with a market size of USD 1.12 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2023 to 2030. The regional analysis highlights the automotive sector as a key segment driving market expansion, where manufacturers increasingly integrate these composites for lightweighting and fuel efficiency. The segmentation analysis underscores the versatility of these materials across applications such as aerospace and consumer goods. In conclusion, Asia-Pacific's 35% market share signifies its pivotal role in propelling the global Short Fiber Reinforced Thermoplastic Composite Sales market, driven by a burgeoning industrial landscape, robust economic growth, and a surge in demand for advanced materials across diverse industries.

South America Short Fiber Reinforced Thermoplastic Composite Market

According to Cognitive Market Research, the global Short Fiber Reinforced Thermoplastic Composite Sales market size was estimated at USD 3.2 Billion out of which Latin America market of more than 5% of the global revenue with a market size of USD 0.16 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 3.3% from 2023 to 2030. The regional overview highlights Latin America as an evolving market, witnessing increasing adoption of short fiber-reinforced thermoplastic composites. The segmentation analysis emphasizes the versatility of these materials, finding applications not only in automotive but also in consumer goods and infrastructure projects. In conclusion, Latin America's 5% market share signifies its emerging role in the global Short Fiber Reinforced Thermoplastic Composite Sales market, driven by a growing industrial base, infrastructure development, and a rising awareness of the benefits of advanced composite materials across various sectors.

Middle East and Africa Short Fiber Reinforced Thermoplastic Composite Market

According to Cognitive Market Research, the global Short Fiber Reinforced Thermoplastic Composite Sales market size was estimated at USD 3.2 Billion out of which Middle East and Africa market of more than 4.00% of the global revenue with a market size of USD 0.13 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2023 to 2030. Within the regional analysis, a key segment driving market engagement is the construction industry, where short fiber-reinforced thermoplastic composites find applications in structural components and building materials. The segmentation analysis accentuates the adaptability of these composites across various sectors, from manufacturing to infrastructure projects. In conclusion, the 4.00% market share highlights the emerging significance of the Middle East and Africa in the global Short Fiber Reinforced Thermoplastic Composite Sales market, driven by economic diversification, infrastructure investments, and a growing awareness of the benefits of incorporating advanced materials in regional development.

Short Fiber Reinforced Thermoplastic Composite Market Analysis

Short Fiber Reinforced Thermoplastic Composite Type Segment Analysis

According to Cognitive Market Research, glass fiber stands out as the dominant category. Glass fiber-reinforced thermoplastic composites offer a winning combination of affordability, versatility, and ease of manufacturing. They find extensive applications across various industries, including automotive, consumer goods, and construction. Glass fiber's dominance is attributed to its widespread use in creating lightweight components without compromising on strength. Its cost-effectiveness makes it a preferred choice for manufacturers looking to enhance product performance while maintaining economic feasibility.

The fastest-growing category in the Short Fiber Reinforced Thermoplastic Composite Sales market is carbon fiber. Carbon fiber-reinforced thermoplastic composites witness rapid adoption, particularly in industries where high strength-to-weight ratio and exceptional performance are paramount, such as aerospace and high-performance automotive applications. The increasing demand for lightweight materials with superior mechanical properties propels carbon fiber to be the fastest-growing category.

• Glass Fiber
• Carbon Fiber
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Short Fiber Reinforced Thermoplastic Composite Industry. Request a Free Sample PDF!

Short Fiber Reinforced Thermoplastic Composite Application Segment Analysis

According to Cognitive Market Research, the dominant category is automotive. These composites play a pivotal role in the automotive sector, offering a lightweight alternative to traditional materials without compromising on strength. Short fiber-reinforced thermoplastic composites find extensive use in manufacturing interior components, exterior body panels, and structural elements of vehicles. The automotive industry's continuous drive towards fuel efficiency and emission reduction positions these composites as a dominant force, providing manufacturers with a means to achieve lightweighting objectives while meeting stringent regulatory standards.

The fastest-growing category in the Short Fiber Reinforced Thermoplastic Composite Sales market is aerospace. As the aerospace industry increasingly prioritizes materials that enhance fuel efficiency, reduce emissions, and improve overall performance, short fiber-reinforced thermoplastic composites have gained significant traction. These composites, especially those incorporating carbon fibers, offer exceptional strength-to-weight ratios, making them ideal for aerospace applications.

• Automotive
• Aerospace
• Electrical and Electronics
• Consumer Goods
• Other

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
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• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
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• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion