United States Automotive Thermoplastic Polymer Composite Market

United States Automotive Thermoplastic Polymer Composite Market Size Report – In a Glance

As per the survey report on United States automotive thermoplastic polymer composite market, the market is expected to foresee a CAGR value of 3.1% during 2025-2035, and further generate a market size of USD XX billion by the end of 2035. In 2025, the market size was value at USD XX billion revenue.

• The United States automotive thermoplastic polymer composite market’s growth is driven by increasing demand for lightweight vehicles.
• KDMI analyst’s growth analysis foresees rising growing adoption of electric vehicles (EVs) as the growth drivers for United States automotive thermoplastic polymer composite market.

United States Automotive Thermoplastic Polymer Composite Market Analysis

An automotive thermoplastic polymer composite is a lightweight, high-strength material, which is used in automotive manufacturing that combines the material with reinforcing fibers like glass or carbon. These materials are widely applied in industry due to their lightweight properties and offer fuel efficiency by reducing carbon emission. The United States automotive thermoplastic polymer composite market growth is driven by increasing demand for light-weight vehicles with high-strength materials and supports stricter environmental regulations. According to the data from Department of Energy, the application of lightweight materials offers great potential for increasing vehicle efficiency, which has resulted in 10% reduction in vehicle weight and increases fuel efficiency by 6%-8%. In 2022, the lightweight vehicle sales were approximately 14 million and is increasing at a steady rate, driving the demand for composite materials. 3B-Fiberglass, BASF, and Arkema Group are some of the significant participants in the United States automotive thermoplastic polymer composite market.

United States Automotive Thermoplastic Polymer Composite Market Growth Drivers and Restraints

Growth Drivers

• Rising demand for lightweight vehicles to enhance fuel efficiency – The United States automotive thermoplastic polymer composite market growth is influenced by stricter government regulations on fuel economy and carbon emission reduction. These regulations, emphasizes manufacturers to produce light-weight vehicles, which are durable and high-performing in nature. Application of thermoplastic polymer composite in automotive products, provide high-strength properties than traditional materials like steel, and make these vehicles highly-preferable and suitable for manufacturing industry. Thermoplastic polymer composite materials can be recycled and easily processed to support manufacturers to meet environment regulations, standards, and sustainability targets. Leading to the market growth by improving vehicles performance.
• Growing adoption of electric vehicles (EVs) – With the growing adoption of technology advancement and innovations in automotive sector, the consumers are increasingly adopting electric vehicles which drives the demand for thermoplastic polymer composite materials to enhance vehicle efficiency and performance. As thermoplastic polymer composite materials provide high-strength, lightweight, and fuel efficiency to vehicles, so they are widely used in EV battery housings and lightweight structures to improve driving range and safety. These advanced materials, emphasize manufacturers to focus on reducing overall vehicle weight and extend battery life, driving the demand for advanced composite materials.

Restraints

• High material and processing costs – Despite of various benefits of using thermoplastic polymer composites in automotive industry, the market still faces restraints due to expensive raw materials and production process costs. The high cost of raw materials, advanced production process, and innovative equipment can lead to higher investment, which might deter the adoption for small and medium-sized manufacturers. The raw materials purchasing, production, processing, and other procedures high cost limits the market growth in the United States market.

United States Automotive Thermoplastic Polymer Composite Market Segmentation

Our experts at KD Market Insights have segmented the United States automotive thermoplastic polymer composite market research report as:

Analyst’s Observation on United States Automotive Thermoplastic Polymer Composite Market Recent Developments

Over the years, the experts at KD Market Insights have been observing the recent developments associated with United States automotive thermoplastic polymer composite market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.

Toray Advanced Composites has announced the expansion of its continuous fiber reinforced thermoplastic composite materials portfolio through the acquisition of Gordan Plastic’s assets, technology, and intellectual property. The expansion is aimed to boost development, testing, and production capacity in the industry by enhancing Toray’s capability.

United States Automotive Thermoplastic Polymer Composite Market Competitive Landscape

Some of the significant participants who top the United States automotive thermoplastic polymer composite market share:

• 3B-Fiberglass
• BASF
• Gurit
• Solvay
• Arkema Group
• Cytec Industries Inc.
• Celanese Corporation
• Daicel Polymer Ltd
• DuPont de Nemours