How big is the Thermoplastic Composites Market | Insights, Forecast & Growth Analysis 2025

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Code: MTA9352

Publication Date: Sep 2025

What is the size of Thermoplastic Composites Market?

According to 6Wresearch internal database and industry insights, the Global Thermoplastic Composites Market was valued at USD 28.2 Billion in 2024 and is expected to reach USD 39.6 Billion by 2031, growing at a compound annual growth rate of 5.10% during the forecast period (2025-2031).

This growth in the Thermoplastic Composites Market is driven primarily by the increasing demand for lightweight materials in automotive and aerospace, increasing use in construction and electronics, and the development of recyclable composites that improve durability, performance, and sustainability.

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Growth Factors for Thermoplastic Composites Industry

Expanded use in automotive to improve fuel efficiency and limit emissions
Increased demand in aerospace for lightweight, high-strength components
Growing use of electronics for heat resistance and long-lasting materials
Expansion of recyclable thermoplastics that support sustainable manufacturing
The rise of applications in construction has given corrosion resistance

Thermoplastic Composites Market Trends

The thermoplastic composites market trends continue to show an increasing use of lightweight, high-strength materials across many sectors that require durability and sustainability in their applications. Reflecting a larger trend towards lightweight materials is the increasing preference for continuous fibre-reinforced composites in aerospace and automotive, as well as growing interest in recyclable and bio-based thermoplastics. Another source of increased demand for thermoplastic composites is renewable energy, especially wind energy, where thermoplastic composites are used to make structural components that require the material's durability.

Emerging Developments in the Thermoplastic Composites Market

The thermoplastic composites market developments are focused on the ongoing innovation in materials and applications. The developments in this field include highly advanced thermoplastic resins (PEEK and PPS), resin choices that will offer superior heat and chemical resistance. The advancements have also made hybrid composites, combining thermoplastic and metals to improve overall performance. Additive manufacturing using thermoplastic composites is also emerging, offering lightweight 3D-printed parts. Moreover, the market is developing recycling technologies to reclaim and reuse composite materials in a move towards circular economy objectives.