Short Fiber Thermoplastics Composites Market | 2022-27 | Size, Share & Trends
Overview of the Market
The global short fibre thermoplastic composites market is predicted to be worth USD 2,574.14 million in 2022, with a CAGR of 4.44% from 2022 to 2027. (forecast period).
The short fibre thermoplastic composites market is expected to increase due to the ease of recycling and processing, as well as an expanding application base in aerospace and military.
On the other hand, the benefits of long fibre thermoplastic composites are projected to stifle industry expansion.
Technological improvements are projected to drive innovation, resulting in new prospects for the industry under consideration.
Scope Of The Report
Short fibre thermoplastics (SFT) are thermoplastics with fibres that are less than 1 mm long. The market is divided into four sections: fibre type, resin type, application, and geography. The market is divided into three categories: glass fibre, carbon fibre, and others. The market is divided into four segments based on resin type: polypropylene, polyamide, polybutylene terephthalate, and others. Aerospace & Defense, Electrical & Electronics, Transportation, Consumer Goods, and Others are the market segments by application. In addition, the study examines the market size and predictions for short fibre thermoplastic composites in 15 countries across significant regions. Market sizing and forecasting have been done in revenue terms for each segment (USD million).
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