Chemicals and Materials Thermoplastic Composites Market New | Page 2

The electrical & electronics application segment is projected to lead the
Thermoplastic Composites Market, in terms of value and volume between 2017 and
2022.
The electrical & electronics application segment is projected to lead the Thermoplastic
Composites Market across the globe due to increased use of thermoplastic composites in
electrical & electronics and consumer goods applications. Thermoplastic composites are
being increasingly used in electrical & electronics applications, owing to their high impact
resistant, increased strength, and improved durability. They also reduce the overall weight
of the electrical & electronics components. Thermoplastic composites are extensively used
to manufacture enclosures, conduit systems, braided shielding, and assembly tools,
wherein both, lightweight and advanced corrosion resistance properties are essential.
The Asia Pacific region is projected to be the largest market for thermoplastic
composites from 2017 to 2022.
The Asia Pacific Thermoplastic Composites Market is projected to grow at the highest CAGR
during the forecast period, in terms of both, value as well as volume. The growth of the Asia
Pacific Thermoplastic Composites Market can be attributed increased demand for
thermoplastic composites from emerging economies such as China and India of the region.
Increasing use of thermoplastic composites in transportation, aerospace & defense, and
electrical & electronics applications are the major drivers responsible for the growth of the
Asia Pacific Thermoplastic Composites Market. China is projected to be largest market for
thermoplastic composites in the Asia Pacific region. The growth of the China Thermoplastic
Composites Market can be attributed to the growing manufacturing sector of the country.
India offers huge scope and opportunities for the growth of Thermoplastic Composites
Market due to rapid increase in its middle-class population leading to increased
consumption of consumer goods in India and continuous industrialization taking place in
the country.
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Celanese Corporation (US), DuPont (US), Royal DSM N.V. (Netherlands), Koninklijke Ten Cate
bv (Netherlands), SABIC (Saudi Arabia), Lanxess AG (Germany), Solvay S.A. (Belgium), BASF
SE (Germany), PlastiComp, Inc. (US), PolyOne Corporation (US), and Quadrant AG
(Switzerland), among others, are the key players operating in the thermoplastic composites
market.