Market Size of Short Fiber Thermoplastic Composites Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.81 Billion |
| Market Size (2029) | USD 3.50 Billion |
| CAGR (2024 - 2029) | 4.52 % |
| Fastest Growing Market | Europe |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Short Fiber Thermoplastic Composites Market Analysis
The Short Fiber Thermoplastic Composites Market size is estimated at USD 2.81 billion in 2024, and is expected to reach USD 3.5 billion by 2029, growing at a CAGR of 4.52% during the forecast period (2024-2029).
The COVID-19 pandemic had a negative impact on the market in 2020 and 2021, but it is projected to grow steadily in the forecast period owing to growth in the aerospace, electronics, and automotive sectors globally.
- Ease of recycling, processing, and increasing application base in aerospace and defense are likely to drive the growth of the short fiber thermoplastic composites market.
- On the flip side, the advantages of long fiber thermoplastic composites are expected to hinder the market's growth.
- Innovation led by technological advancements for low-cost carbon fiber composites is expected to unveil new opportunities for the market studied.
- Europe has dominated the market, and it is expected to continue dominating the market through the forecast period.
