Canada Automotive Thermoplastic Polymer Composites Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Canada Automotive Thermoplastic Polymer Composite Market is Segmented by Production Type (hand Layup, Resin Transfer Molding, Vacuum Infusion Processing, Injection Molding, and Compression Molding) and Application Type (structural Assembly, Power Train Components, Interior, Exterior, and Other Application Types). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments

Canada Automotive Thermoplastic Polymer Composites Market Size

Canada Automotive Thermoplastic Polymer Composites Market (2024 - 2029)
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Canada Automotive Thermoplastic Polymer Composites Market Analysis

The Canada Automotive Thermoplastic Polymer Composites Market is expected to register a CAGR of 7.72% during the forecast period.

There was a rising interest in thermoplastic polymer composites over the past few years, owing to several advantages of these materials, including high volume processability, recyclability, superior damage tolerance, fracture toughness, and ability to produce complex shapes.

These composites found applications in different modes of transportation, from cars to underground trains. Among thermoplastic composites, long-fiber thermoplastics (LFTs) are being extensively used in the transportation sector.

The automotive industry was impacted due to high fuel prices. Furthermore, in the transportation industry, vehicle OEMs and suppliers use thermoplastic composites to reduce vehicle mass. Due to stringent emission regulations, automotive manufacturers are focusing on reducing the weight of the vehicle, as it helps in saving a noticeable amount of carbon dioxide emissions. A 10 kg weight reduction is estimated to reduce 1 gm of carbon dioxide per km.

Canada Automotive Thermoplastic Polymer Composites Industry Overview

The Automotive Thermoplastic Polymer Composites Market is consolidated, with only a few companies dominating the market. Some of the major players in the market are 3B-Fiberglass, Base Group, BASF, BMW, and Cytec Industries, Inc., amongst others.

Canada Automotive Thermoplastic Polymer Composites Market Leaders

  1. 3B-Fiberglass

  2. Base Group

  3. BASF SE

  4. Gurit Holding

  5. Solvay SA

  6. *Disclaimer: Major Players sorted in no particular order
Canada Automotive Thermoplastic Polymer Composites Market Concentration
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Canada Automotive Thermoplastic Polymer Composites Market News

  • February 2023: Pyrophobic Systems Ltd., which is one of the leading thermoplastic and resin companies for battery and construction safety applications, announced that its product LithiumPrevent 200 material was selected for battery application by the OEM giant General Motors.
  • April 2022: Gurit Holdings AG announced the acquisition of a 60% share of Fiberline Composites A/S, a manufacturer of pultruded carbon and glass fiber products used in wind blade production.

Canada Automotive Thermoplastic Polymer Composites Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Increasingly Focused On Lightweighting Vehicles
  • 4.2 Market Restraints
    • 4.2.1 High Production Cost
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size in Value USD)

  • 5.1 By Production Type
    • 5.1.1 Hand Layup
    • 5.1.2 Resin Transfer Molding
    • 5.1.3 Vacuum Infusion Processing
    • 5.1.4 Injection Molding
    • 5.1.5 Compression Molding
  • 5.2 By Application Type
    • 5.2.1 Structural Assembly
    • 5.2.2 Power-train Components
    • 5.2.3 Interior
    • 5.2.4 Exterior
    • 5.2.5 Other Application Types

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share**
  • 6.2 Company Profiles
    • 6.2.1 Solvay Group
    • 6.2.2 3B-Fiberglass (Braj Binani Group)
    • 6.2.3 Cytec Industries Inc.
    • 6.2.4 Arkema Group
    • 6.2.5 Celanese Corporation
    • 6.2.6 Daicel Polymer Ltd
    • 6.2.7 DuPont de Nemours
    • 6.2.8 Hexcel Corporation
    • 6.2.9 Technocompound GmbH
    • 6.2.10 Polyone Corporation
    • 6.2.11 Base Group
    • 6.2.12 Gurit Holding
    • 6.2.13 BASF SE
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Advancements in Manufacturing Technologies
  • 7.2 Development of Innovative Glass Fiber Composites
**Subject to Availability
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Canada Automotive Thermoplastic Polymer Composites Industry Segmentation

The Canada Automotive Thermoplastic Polymer Composites Market refers to the industry involved in the production and distribution of thermoplastic polymer composite materials specifically designed for use in the automotive sector. Thermoplastic polymer composites are materials made by combining thermoplastic polymers, such as polypropylene (PP), polyethylene (PE), or polyamide (PA), with reinforcing fibers or fillers to enhance their mechanical properties.

The Canadian automotive thermoplastic polymer composite market covers the latest trends and technological development and provides an analysis of the market demand by production type and application type. By production type, the market is segmented into hand layup, resin transfer molding, vacuum infusion processing, injection molding, and compression molding. By application type, the market is segmented into structural assembly, power train components, interior, exterior, and others.

The report offers market size and forecasts in value USD.

By Production Type Hand Layup
Resin Transfer Molding
Vacuum Infusion Processing
Injection Molding
Compression Molding
By Application Type Structural Assembly
Power-train Components
Interior
Exterior
Other Application Types
By Production Type
Hand Layup
Resin Transfer Molding
Vacuum Infusion Processing
Injection Molding
Compression Molding
By Application Type
Structural Assembly
Power-train Components
Interior
Exterior
Other Application Types
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Canada Automotive Thermoplastic Polymer Composites Market Research Faqs

What is the current Canada Automotive Thermoplastic Polymer Composites Market size?

The Canada Automotive Thermoplastic Polymer Composites Market is projected to register a CAGR of 7.72% during the forecast period (2025-2030)

Who are the key players in Canada Automotive Thermoplastic Polymer Composites Market?

3B-Fiberglass, Base Group, BASF SE, Gurit Holding and Solvay SA are the major companies operating in the Canada Automotive Thermoplastic Polymer Composites Market.

What years does this Canada Automotive Thermoplastic Polymer Composites Market cover?

The report covers the Canada Automotive Thermoplastic Polymer Composites Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Canada Automotive Thermoplastic Polymer Composites Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Page last updated on: December 23, 2024

Canada Automotive Thermoplastic Polymer Composites Industry Report

Statistics for the 2025 Canada Automotive Thermoplastic Polymer Composites market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Automotive Thermoplastic Polymer Composites analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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