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Short Fiber Thermoplastic Composites Market Size, Share, Industry Trends and Forecast to 2030

Short Fiber Thermoplastic Composites Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.


  • Published date -30th Jan 2024

  • Formats -PDF, CSV

  • Region -Global

Short Fiber Thermoplastic Composites Market Size & CAGR

The global short fiber thermoplastic composites market is anticipated to grow at a CAGR of 6.8% from 2021 to 2028. As a result, the market is expected to reach a value of USD 9.6 billion by the end of 2028.

COVID-19 Impact on the Short Fiber Thermoplastic Composites Market

The COVID-19 pandemic has significantly affected the short fiber thermoplastic composites market. Due to lockdowns, restrictions, and disruptions in the supply chain, the market witnessed a decline in demand in 2020. However, with the gradual reopening of economies and increasing investments in infrastructure projects, the market is expected to recover and show positive growth in the coming years.

Short Fiber Thermoplastic Composites Dynamics

The short fiber thermoplastic composites market is driven by factors such as increasing demand from the automotive and construction industries, growing preference for lightweight and high-performance materials, and advancements in manufacturing technologies. The market is also influenced by factors like stringent regulations regarding emissions and sustainability, which are driving the adoption of eco-friendly materials.

Segments and Related Analysis

The short fiber thermoplastic composites market can be segmented based on resin type, fiber type, end-use industry, and region. By resin type, the market is divided into polypropylene, polyamide, polyethylene, and others. By fiber type, it is segmented into glass fiber, carbon fiber, and others. By end-use industry, the market is categorized into automotive, aerospace, construction, and others.

By Region Analysis

The short fiber thermoplastic composites market is analyzed based on regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are the leading regions in terms of market share, driven by the presence of key players and high demand from industries like automotive and aerospace. Asia Pacific is also witnessing significant growth due to rapid industrialization and infrastructure development.

Key Market Players and Competitive Landscape

Some of the key players in the short fiber thermoplastic composites market include BASF SE, DuPont de Nemours, Inc., Lanxess AG, SABIC, and Solvay S.A. These companies are focusing on product innovation, partnerships, and acquisitions to strengthen their market position and expand their product portfolios. The competitive landscape of the market is intense, with companies competing on factors like quality, price, and technological advancements.

Recent Happenings in the Short Fiber Thermoplastic Composites Market

In recent years, the short fiber thermoplastic composites market has witnessed several developments, including new product launches, collaborations, and investments. For example, in 2021, BASF introduced new grades of short fiber thermoplastic composites for automotive applications, focusing on lightweighting and sustainability. Similarly, SABIC partnered with a leading automotive manufacturer to develop innovative solutions using short fiber thermoplastic composites for electric vehicles.

Short Fiber Thermoplastic Composites Market FAQs