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News  ›  GlobeNewswire Inc.

Thermoplastic Composites Market Size is Poised to Reach USD 54.03 Billion by 2033 Owing to the Increasing Use of Lightweight Materials in Automotive Industry Globally | SNS Insider

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Sns Insider
Thermoplastic Composites Market Size is Poised to Reach USD 54.03 Billion by 2033 Owing to the Increasing Use of Lightweight Materials in Automotive Industry Globally | SNS Insider

The global thermoplastic composites market is estimated at USD 29.60 billion in 2025 and is projected to reach USD 54.03 billion by 2033, growing at a CAGR of 7.83%. Growth is driven by increasing demand for lightweight, recyclable materials in the automotive and aerospace industries, with Asia Pacific leading the market and North America showing the fastest growth.

Insights
FHTX   neutral

Mentioned as a previous company where Kristian Humer served as CFO, with no specific context provided


CE   positive

Celanese expanded its strategic partnership with distributor Biesterfeld in January 2025 to include long-fiber reinforced thermoplastic products, enhancing market access and strengthening its engineered polymers portfolio during a period of strong market growth.