Thermoplastic Glass Fiber Reinforced Plastics Market
Thermoplastic Glass Fiber Reinforced Plastics
Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Thermoplastic Glass Fiber Reinforced Plastics Market Size and Growth
The Thermoplastic Glass Fiber Reinforced Plastics market is witnessing significant growth, driven by increasing demand across automotive, aerospace, and construction sectors. The global market size is projected to reach approximately $3.2 billion by 2025, reflecting a compound annual growth rate (CAGR) of 6.5%, influenced by advancements in material technology and sustainability trends.
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Companies Covered
(Covid 19 Impact Covered)
◍ BASF
◍ Evonik
◍ SABIC
◍ DSM
◍ Lanxess
◍ Avient
◍ Xenia Materials
◍ SGL Carbon
◍ RTP Company
◍ Toray
◍ Celanese
◍ Solvay
◍ Covestro
◍ Teijin
◍ US Liner
◍ DuPont
◍ Alformet
◍ Complam Material
The Thermoplastic Glass Fiber Reinforced Plastics market features key players like BASF, SABIC, and DSM. These companies innovate and expand product lines, enhancing applications in automotive and aerospace. Sales revenue from BASF exceeded $80 billion, and SABIC reported around $40 billion, driving market growth through technological advancements and strategic partnerships.
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