(EMAILWIRE.COM, October 18, 2024 ) The report “Thermo Compression Forming Market by Foam Type (Thermoplastic Foam, Needle-Punch Nonwovens, Light Weight Glass Mat Thermoplastic), End-use Industry (Automotive, Aerospace, Construction, Medical, Electrical & Electronics) – Global Forecast to 2029 ” The global Thermo Compression Forming Market size is projected to reach a market size of USD 13.37 billion by 2029 from USD 11.00 billion in 2024, at a CAGR of 4.0%.
Browse in-depth TOC on “Thermo Compression Forming Market
240 – Market Data Tables
59 – Figures
260 – Pages
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=114021695
Thermoplastic Foams are dominating because of their balanced mechanical qualities and excellent performance-to-cost ratios. These foams have many beneficial applications because of their unique properties, low density and high strength-to-weight ratio. Because of their flexibility and durability, they can be employed in a variety of industries, including the automotive, construction, and medical sectors. Additionally, thermoplastic foams are extensively employed, especially for high performance and cost effectiveness, due to their lower cost as compared to needle-punch nonwovens and lightweight glass mat thermoplastic.
The thermo compression forming market is benefitting from the increase in the car production as car makers seek lighter materials in order to improve fuel economy and meet legislated CO2 emission values. Thermo compression forming enables the creation of lightweight and high strength materials such aluminium carbon fibre reinforced plastics and glass fibre reinforced plastics which are crucial in cutting down the overall weight of vehicles. In addition, the new trend on electric vehicles (EVs) requires the utilization of durable, thermally stable, and lightweight material, and thermo compression forming becomes pivotal to form parts such as battery enclosures and exterior panels..
Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=114021695
Rapid industrialization and urbanization in the North America region are driving demand across various sectors including automotive, Aerospace, construction, and medical industry. With expanding manufacturing activities in countries like US, Canada, and Mexico there’s a rising need for compression molded components for various applications. Moreover, ongoing infrastructural development projects, particularly in Canada and Mexico, are boosting demand in the construction sector for lightweight and durable components such as roofing panels and door frames. Advancements in thermo compression forming techniques tailored to diverse industrial needs are poised to further stimulate market growth in the region.
Thermo Compression Forming Market Key Players
FLEXTECH (US), Janco, Inc. (US), Formed Solutions (US), Core Molding Technologies (US), UFP Technologies Inc. (US), Ray Products Company Inc. (US), Engineered Plastic Products Inc. (US), Present Advanced Composites Inc. (US), and Tooling Tech Group (US) are the key players in the global thermo compression forming market.
Don’t miss out on business opportunities in Thermo Compression Forming Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=114021695
About MarketsandMarkets
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
