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    US Carbon Thermoplastic Composites Market

    ID: MRFR/CnM/15421-HCR
    100 Pages
    MRFR Team
    October 2025

    US Thermoplastic Composites Market US Thermoplastic Composites Market Research Report: By Resin Type (Polyamide, Polypropylene, PEEK, Hybrid, Others), By Fiber Type (Glass Fiber, Carbon Fiber, Others), By Product Type (SFT, LFT, CFT, GMT) and By Application (Aerospace & Défense, Automotive & Transportation, Consumer Goods, Others) - Forecast to 2035

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    US Carbon Thermoplastic Composites Market Infographic
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    US Carbon Thermoplastic Composites Market Summary

    The US Thermoplastic Composites market is projected to grow significantly from 6.3 USD Billion in 2024 to 15.7 USD Billion by 2035.

    Key Market Trends & Highlights

    US Thermoplastic Composites Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 8.66% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 15.7 USD Billion, indicating robust growth potential.
    • In 2024, the market is valued at 6.3 USD Billion, highlighting a strong starting point for future expansion.
    • Growing adoption of lightweight materials due to increasing demand for fuel-efficient vehicles is a major market driver.

    Market Size & Forecast

    2024 Market Size 6.3 (USD Million)
    2035 Market Size 15.7 (USD Million)
    CAGR (2025-2035) 8.66%

    Major Players

    Park Aerospace, BASF, Northrop Grumman, Mitsubishi Chemical, SABIC, Evonik Industries, Covestro, Hexcel, General Electric, Hexion, DuPont, Solvay, 3M, Teijin, Toray Industries

    US Carbon Thermoplastic Composites Market Trends

    In the US Thermoplastic Composites Market, a significant trend is the increasing demand for lightweight materials across various industries, particularly aerospace and automotive. This demand arises from the need for enhanced fuel efficiency and stringent emissions regulations. As manufacturers look to improve performance and sustainability, thermoplastic composites serve as a solution due to their high strength-to-weight ratio. Additionally, there is a trend toward the adoption of sustainable materials and processes in manufacturing.

    Market Segment Insights

    US Thermoplastic Composites Market Segment Insights:

    US Thermoplastic Composites Market Segment Insights:

    Thermoplastic Composites Market Resin Type Insights

    Thermoplastic Composites Market Resin Type Insights

    The Resin Type segment of the US Thermoplastic Composites Market plays a crucial role in shaping the industry's landscape and growth trajectory. This segment encompasses various materials, each contributing distinctive properties that enhance performance across a multitude of applications. Polyamide, for instance, is notable for its excellent mechanical strength and thermal resistance, making it particularly appealing in automotive and industrial applications that require durability and reliability. On the other hand, Polypropylene is recognized for its lightweight nature and cost-effectiveness, serving as a popular choice in the packaging, consumer goods, and automotive sectors, where reducing weight without sacrificing strength is essential.

    PEEK (Polyether Ether Ketone), widely regarded for its superior thermal and chemical stability, dominates the high-performance segment, frequently utilized in industries like aerospace and medical technology, where stringent regulations and high standards apply. Hybrid composites combine different materials to inherit the advantages of each, presenting significant innovation opportunities within the market by catering to various application needs with tailored solutions.

    Lastly, other resin types also contribute to the diverse offerings within the US Thermoplastic Composites Market, addressing specific requirements across niche markets, thereby expanding the overall market scope.As the market continues to evolve, the growing demand for lightweight and high-strength materials is anticipated to propel advancements and innovations within these resin types. Trends such as sustainability and recycling processes are increasingly influencing material selection, pushing manufacturers to explore eco-friendlier options and promote the circular economy.

    Some challenges, including fluctuating raw material costs and stringent regulatory standards, could impact production; however, the continuous research and development efforts within the industry aim to address these hurdles effectively. Overall, the diverse Resin Type segment underscores a dynamic aspect of the US Thermoplastic Composites Market, with each resin playing a pivotal role in meeting the varied demands of modern applications while driving the market's future growth.

    Thermoplastic Composites Market Fiber Type Insights

    Thermoplastic Composites Market Fiber Type Insights

    The Fiber Type segment of the US Thermoplastic Composites Market plays a crucial role in defining the overall industry's growth trajectory. This segment is primarily divided into key categories such as Glass Fiber, Carbon Fiber, and Others, each contributing distinct properties that enhance the performance of thermoplastic composites. Glass Fiber is recognized for its excellent tensile strength and cost-effectiveness, making it a popular choice in various applications, including automotive and construction.

    Carbon Fiber stands out for its impressive strength-to-weight ratio, defining its significance in high-performance applications such as aerospace and sporting goods.Additionally, the Others category encompasses various innovative fibers, contributing to diverse applications and specialized performance characteristics. The market dynamics in this segment are significantly driven by a growing demand for lightweight materials and the need for improving fuel efficiency in transportation. The rising focus on sustainability and recyclability in material selection further influences the advancements within the Fiber Type segment.

    As industries continue to evolve, the US Thermoplastic Composites Market segmentation will reflect changing consumer preferences and technological advancements, paving the way for growth and innovation in the sector.

    Thermoplastic Composites Market Product Type Insights

    Thermoplastic Composites Market Product Type Insights

    The US Thermoplastic Composites Market under the Product Type segment demonstrates significant growth potential, driven by the demand for lightweight and durable materials across various industries, including automotive, aerospace, and construction. Within this segment, LFT (Long Fiber Thermoplastics) is particularly important due to its exceptional strength-to-weight ratio, making it ideal for automotive applications. SFT (Short Fiber Thermoplastics) also plays a critical role, providing cost-effective solutions for mass production while ensuring adequate mechanical properties.Meanwhile, GMT (Glass Mat Thermoplastics) is recognized for its high impact resistance and thermal stability, which are essential for applications requiring structural integrity.

    CFT (Continuous Fiber Thermoplastics) is gaining traction as it combines the benefits of continuous fiber reinforcement with the processing advantages of thermoplastics, thereby enabling the production of complex geometries and reducing manufacturing time. The evolving landscape of materials technology, led by advancements in processing techniques and recycling capabilities, further enhances the appeal of these product types.Overall, the diverse offerings within the Product Type segment of the US Thermoplastic Composites Market illustrate the industry's commitment to innovation and sustainability in meeting modern engineering challenges.

    Thermoplastic Composites Market Application Insights

    Thermoplastic Composites Market Application Insights

    The Application segment of the US Thermoplastic Composites Market showcases a diverse range of uses, highlighting its significant impact across various industries. In Aerospace and Defense, thermoplastic composites are pivotal due to their lightweight and high-strength properties, essential for enhancing aircraft performance and fuel efficiency. The Automotive and Transportation sector increasingly adopts these materials to reduce vehicle weight, thereby improving fuel economy and reducing emissions, which aligns with strict US environmental regulations.Consumer Goods also sees rising utilization as manufacturers seek to create lighter, more durable products while pursuing sustainable practices.

    Additionally, the 'Others' category encompasses applications in sectors such as construction and electrical, which capitalize on the versatility of thermoplastic composites to innovate and enhance material performance. With trends leaning towards lightweight materials and sustainability, the US Thermoplastic Composites Market segmentation is poised for growth as industries transition to advanced materials that meet both performance and regulatory demands.

    Get more detailed insights about US Carbon Thermoplastic Composites Market

    Key Players and Competitive Insights

    The US Thermoplastic Composites Market is characterized by a strengthening competitive landscape, driven by a combination of technological advancements, increasing demand from various industries, and the push for sustainable and lightweight materials. The market is witnessing heightened competition among key players, with companies striving to innovate and develop advanced products to gain a competitive edge. As industries such as aerospace, automotive, and construction increasingly adopt thermoplastic composites due to their superior characteristics like durability, lightness, and resistance to environmental factors, the market dynamics continue to evolve.

    Companies are focusing on strategic partnerships, research and development activities, and expanding their product portfolios to cater to the diverse needs of end-users while establishing a strong footprint in the US region.Park Aerospace has positioned itself as a significant player within the US Thermoplastic Composites Market by leveraging its strong research and development capabilities and production expertise. The company is known for its innovative thermoplastic composite materials that are utilized in various applications, particularly in the aerospace sector.

    Park Aerospace's strengths lie in its ability to collaborate with major aerospace manufacturers and technology leaders, allowing it to develop tailored solutions that meet the specific demands of the industry. Their commitment to quality and performance ensures that their products consistently meet the high standards required in aviation applications, thus enhancing their market presence and reputation among stakeholders.

    This strategic focus allows Park Aerospace to maintain a competitive advantage, effectively addressing market challenges while positioning itself for future growth opportunities.BASF, a prominent global chemical company, has made substantial inroads into the US Thermoplastic Composites Market through a well-rounded portfolio of products and services. The company is known for its advanced thermoplastic polymer solutions that cater to a range of industries including automotive and aerospace. BASF’s strengths include its robust innovation pipeline, allowing the introduction of cutting-edge composite materials that enhance performance while meeting environmental regulations.

    The company has also successfully executed various mergers and acquisitions to expand its market reach and capabilities, ensuring it remains at the forefront of technological advancements. By offering sustainable solutions and maintaining a strong supply chain, BASF holds a competitive position in the US market, effectively responding to the needs of customers for high-quality, efficient thermoplastic composites. Their focus on sustainability aligns well with current market trends and bolsters their market presence, allowing for continued growth in various sectors.

    Key Companies in the US Carbon Thermoplastic Composites Market market include

    Industry Developments

    The US Thermoplastic Composites Market has seen significant activity recently, with companies like BASF and Park Aerospace investing heavily in Research and Development to boost product innovation and sustainability. In August 2023, Northrop Grumman announced a collaboration with Teijin to enhance composite capabilities for aerospace applications. Companies such as General Electric and Hexcel are engaging in strategic partnerships to improve production facilities aimed at increasing capacity and efficiency.

    Additionally, there was a noteworthy acquisition in July 2023, where Mitsubishi Chemical acquired a major stake in a composite manufacturer focused on automotive applications, which is expected to strengthen its foothold in the growing electric vehicle market. Recent reports estimate substantial growth in the market valuation of US Thermoplastic Composites, attributed to an increasing demand in aerospace and automotive sectors, which is expected to impact various players positively, including SABIC and Evonik Industries.

    Moreover, the last two years have seen heightened interest in sustainability, leading to advancements in recycling technologies related to thermoplastic composites, signaling a shift towards eco-friendliness across the industry. This evolving landscape is indicative of the market's resilience and adaptability in the face of new challenges and opportunities.

    Market Segmentation

    Outlook

    Report Scope

    Report Scope:
    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 5780.54(USD Million)
    MARKET SIZE 2024 6300.0(USD Million)
    MARKET SIZE 2035 15700.0(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 8.655% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Million
    KEY COMPANIES PROFILED Park Aerospace, BASF, Northrop Grumman, Mitsubishi Chemical, SABIC, Evonik Industries, Covestro, Hexcel, General Electric, Hexion, DuPont, Solvay, 3M, Teijin, Toray Industries
    SEGMENTS COVERED Resin Type, Fiber Type, Product Type, Application
    KEY MARKET OPPORTUNITIES Lightweight automotive components, Renewable energy applications, Aerospace structural parts, Medical device manufacturing, Consumer electronics housing
    KEY MARKET DYNAMICS Increasing demand for lightweight materials, Growing applications in automotive sector, Rising focus on sustainability, Advancements in manufacturing technologies, Expanding aerospace industry
    COUNTRIES COVERED US

    FAQs

    What is the expected market size of the US Carbon Thermoplastic Composites Market in 2024?

    The US Carbon Thermoplastic Composites Market is expected to be valued at 5.25 USD Billion in 2024.

    What is the projected market size of the US Carbon Thermoplastic Composites Market by 2035?

    By 2035, the market is projected to be valued at 9.2 USD Billion.

    What is the expected CAGR for the US Carbon Thermoplastic Composites Market from 2025 to 2035?

    The expected CAGR for the market from 2025 to 2035 is 5.232%.

    Which raw material segment dominates the US Carbon Thermoplastic Composites Market?

    The PAN-Based raw material segment is expected to dominate with a value of 3.15 USD Billion in 2024.

    What is the projected market value of the PITCH-Based segment in 2035?

    The PITCH-Based segment is projected to reach 3.75 USD Billion in 2035.

    Who are the key players in the US Carbon Thermoplastic Composites Market?

    Major players include Mitsubishi Chemical Corporation, Solvay SA, Royal DSM, and others.

    What are the key applications driving the growth of the US Carbon Thermoplastic Composites Market?

    Applications in aerospace, automotive, and sporting goods are driving market growth.

    What opportunities exist for growth in the US Carbon Thermoplastic Composites Market?

    Emerging opportunities lie in increased demand for lightweight materials in various industries.

    What challenges does the US Carbon Thermoplastic Composites Market face?

    Challenges include the high costs of raw materials and competition from alternative composites.

    How does the current global scenario impact the US Carbon Thermoplastic Composites Market?

    The current global scenario impacts supply chains which may affect production capabilities in the market.

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