Automotive Thermoplastic Polymer Composite Market - France Industry Analysis, Growth, Share, Size, Trends, and Forecast The France Automotive Thermoplastic Polymer Composite Market is projected to grow at a CAGR of 4% during the forecast period, 2021-2028. The growth of the market is attributed to increasing demand for automobiles due to rising disposable income in the country.
Thermoplastic polymer offers several advantages such as high volume process ability, recyclability, superior damage tolerance, fracture toughness, and ability to produce complex shapes. These thermoplastic composites have found applications in different modes of transportation, from cars to underground trains. Among all types of thermoplastic composites, long-fiber thermoplastics (LFTs) are being extensively used in the transportation sector. The automotive industry was heavily impacted due to high fuel prices. Thus, automotive manufacturers and suppliers are using thermoplastic composites to reduce vehicle mass. The stringent emission regulations have encouraged manufacturers to reduce the weight of the vehicle, as it helps in reducing carbon emissions. Many companies are exploring various options to address the future requirements and demands from customers. Collaboration with various organizations has proven to be an effective way to discover new growth avenues in the thermoplastic polymer composites market. This, in turn, has increased the demand for thermoplastic polymer in the country and is projected to grow at a healthy rate in the projected timeline.
Market Trends, Drivers, Restraints, and Opportunities
Rapid growth in the electric vehicles market is expected to be one of the major drivers of the France thermoplastic polymer composites market growth during the forecast period.