According to Stratview’s market research report, The Short Fiber Thermoplastics Market is likely to grow at a CAGR of 5.4% during 2022-2027 to reach the landmark figure of US$ 18 Billion by 2027.
Short fiber thermoplastics are composite materials that combine a thermoplastic polymer matrix with short reinforcing fibers, typically glass or carbon. This unique combination results in materials that possess remarkable strength, durability, and versatility. The rise of short fiber thermoplastics can be attributed to several key factors.