Lucintel’s latest market report analyzed that thermoplastic resin in the global automotive composites provides attractive opportunities in the marine, pipe and tank, construction, transportation, wind energy, aerospace and defense, electrical and electronics, and consumer goods sector. The thermoplastic resin in the global automotive composites market is expected to reach $4.7 billion by 2026 with a CAGR of 4.9%. In this market, polyamide (PA) is the largest segment by resin, whereas powertrain system is largest by application. The development of hybrid type auto parts and integration of operational capabilities provides strategic growth path in this market.
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Based on resin, the thermoplastic resin in the global automotive composites market is segmented into polypropylene (PP), polyamide (PA), polybutylene terephthalate (PBT), and others. The polyamide (PA) segment is accounted for the largest share of the market in 2020 because it is very tough material, with excellent all-round chemical resistance.
Browse in-depth TOC on “Thermoplastic Resin in the Global Automotive Composites Market”
101 – Tables
127 – Figures
241 – Pages
The thermoplastic resin in the global automotive composites market is marked by the presence of several big and small players. Some of the prominent players offering thermoplastic resin in the global automotive composites include BASF SE, SABIC, DSM NV, DuPont, Celanese, Cytec Solvay, Hanwha and Lanxess.
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