Long Fiber Thermoplastics Market Size, Forecast and Outlook (2024-2031)
Global Long Fiber Thermoplastics Market reached US$ 4.2 billion in 2023 and is expected to reach US$ 8.7 billion by 2031, growing with a CAGR of 9.5% during the forecast period 2024-2031.
The development of new types of long fiber thermoplastics will continue to augment global market growth. For example, in November 2023, PlastiComp, a U.S.-based manufacturer of plastics, announced the development of a new type of carbon-fiber reinforced thermoplastic composite. New types of thermoplastics will be commercialized in the coming years.