Report Description Table of Contents The thermo compression forming market in 2023 was worth USD 4.8 billion and will be worth USD 9.7 billion by 2030, growing at a CAGR of 9% during the forecast period. The thermo compression forming market is developing because of the rising need for light and strong materials, especially in the aircraft & automotive industries. Given that the automotive industry is targeting to cut the mass of vehicles by as much as 30% to meet market demands for cleaner vehicles, thermo compression forming has become popular, for it makes it possible to manufacture lightweight but high-strength composite parts. For instance, CFRP manufactured through this technique is widespread in car body parts and structures to decrease mass while preserving stiffness. New trends involve the application of more sophisticated automation in thermo compression to achieve faster cycle times and higher accuracy, necessary in automotive and electronics applications. There is also a growing demand for eco friendly manufacturing processes, leading to increased use of recycled composite materials in thermo compression forming, fueling market growth. A major opportunity in the thermo compression forming market lies in the growing demand for sustainable and recyclable composite materials, particularly in sectors like automotive, electronics, and packaging. With global plastic waste projected to double by 2040, industries increasingly seek eco friendly alternatives. Thermo compression forming provides a solution for the use of recycled and bio-based composite material during production. For example, automotive manufacturers are now exploring recycled carbon fiber and natural fiber composites for interior and exterior components, reducing weight and environmental impact. Recent developments include advancements in processing technologies that efficiently use bio-composites, such as flax and hemp fibers, in thermo compression forming. These innovations allow manufacturers to align with sustainability goals while tapping into growing markets for green materials. Market Segmentation By Material Type: Carbon Fiber-Reinforced Plastics (CFRP) Glass Fiber-Reinforced Plastics (GFRP) Natural Fiber Composites Thermoplastics Bio-based Composites Recycled Composites By Application: Automotive (Interior, Exterior, Structural Components) Aerospace (Aircraft Interiors, Structural Parts) Electronics (Casing, Circuit Boards) Consumer Goods Packaging Medical Devices By Process Type: Hot Press Forming Sheet Molding Compound (SMC) Bulk Molding Compound (BMC) Resin Transfer Molding (RTM) By End-Use Industry: Automotive Aerospace and Defense Electronics Consumer Goods Medical Devices Packaging Construction By Region North America US Mexico Canada Rest of North America Europe Switzerland Russia France Germany U.K Finland Turkey Netherlands Belgium Spain Italy Rest of Europe Asia Pacific India China South Korea Japan Singapore Thailand Indonesia Malaysia Philippines Australia Rest of Asia-Pacific LAMEA Brazil Argentina Uruguay Saudi Arabia Rest of LAMEA The Asia-Pacific region lays immense market share in thermo compression forming due to its immense presence in the automotive, electronics, and consumer goods sectors. Countries like China, Japan, and South Korea are key players, with Asia accounting for over 50% of global automotive production. The growing use of lightweight composite materials in these industries has accelerated the adoption of thermo-compression forming to meet the demand for efficient and cost-effective production. For example, China's focus on electric vehicles (EVs) has increased usage of lightweight composite components to improve vehicle efficiency and range. These companies' recent developments include automation and advanced processing technologies that have improved production speed and accuracy. The Asia-Pacific thermo compression forming market is closely tied to industrialization and investments in advanced composite materials, which will increase its demand in the coming years. Key Players Toray Industries, Inc. Hexcel Corporation Solvay S.A. Teijin Limited SGL Carbon Gurit Holding AG Mitsubishi Chemical Corporation BASF SE Plasan Carbon Composites Frequently Asked Question About This Report . Table of Contents 1. THERMO COMPRESSION FORMING MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030) 1.1. North America 1.2. Europe 1.3. Asia Pacific 1.4. Latin America 1.5. Middle East & Africa 2. THERMO COMPRESSION FORMING MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030) 2.1. North America 2.2. Europe 2.3. Asia Pacific 2.4. Latin America 2.5. Middle East & Africa 3. MARKET SHARE ANALYSIS – THERMO COMPRESSION FORMING MARKET 3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume 3.2. Market Share, 2023 3.3. Market By Material Type and End Use Outlook Analysis 4. HISTORIC TRENDS IN THERMO COMPRESSION FORMING MARKET 5. EMERGING MARKET TRENDS 6. NORTH AMERICA THERMO COMPRESSION FORMING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 6.1. North America Thermo Compression Forming Historical Market ($MILLION), (2017 – 2023) 6.2. North America Thermo Compression Forming Market ($MILLION) and Forecasts (2024 – 2030) 6.3. North America Thermo Compression Forming Market Type ($MILLION), and Forecasts (2024 – 2030), By Material Type 6.3.1. Carbon Fiber-Reinforced Plastics (CFRP) 6.3.2. Glass Fiber-Reinforced Plastics (GFRP) 6.3.3. Natural Fiber Composites 6.3.4. Thermoplastics 6.3.5. Bio-based Composites 6.3.6. Recycled Composites 6.4. North America Thermo Compression Forming Market Type ($MILLION), and Forecasts (2024 – 2030), By Process Type 6.4.1. Hot Press Forming 6.4.2. Sheet Molding Compound (SMC) 6.4.3. Bulk Molding Compound (BMC) 6.4.4. Resin Transfer Molding (RTM) 6.5. North America Thermo Compression Forming Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 6.5.1. Automotive (Interior, Exterior, Structural Components) 6.5.2. Aerospace (Aircraft Interiors, Structural Parts) 6.5.3. Electronics (Casing, Circuit Boards) 6.5.4. Consumer Goods 6.5.5. Packaging 6.5.6. Medical Devices 6.6. North America Thermo Compression Forming Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User 6.6.1. Automotive 6.6.2. Aerospace and Defense 6.6.3. Electronics 6.6.4. Consumer Goods 6.6.5. Medical Devices 6.6.6. Packaging 6.6.7. Construction 6.7. North America Thermo Compression Forming Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 6.7.1. USA 6.7.2. Canada 6.7.3. Rest of North America 7. USA THERMO COMPRESSION FORMING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8. EUROPE THERMO COMPRESSION FORMING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 8.1. Europe Thermo Compression Forming Historical Market ($MILLION), (2017 – 2023) 8.2. Europe Thermo Compression Forming Market ($MILLION) and Forecasts (2024 – 2030) 8.3. Europe Thermo Compression Forming Market Type ($MILLION), and Forecasts (2024 – 2030), By Material Type 8.4. Europe Thermo Compression Forming Market Type ($MILLION), and Forecasts (2024 – 2030), By Process Type 8.5. Europe Thermo Compression Forming Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 8.6. Europe Thermo Compression Forming Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User 8.7. Europe Thermo Compression Forming Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 8.7.1. Germany 8.7.2. France 8.7.3. UK 8.7.4. Italy 8.7.5. Spain 8.7.6. Rest of Europe 9. APAC THERMO COMPRESSION FORMING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 9.1. APAC Thermo Compression Forming Historical Market ($MILLION), (2017 – 2023) 9.2. APAC Thermo Compression Forming Market ($MILLION) and Forecasts (2024 – 2030) 9.3. APAC Thermo Compression Forming Market Type ($MILLION), and Forecasts (2024 – 2030), By Material Type 9.4. APAC Thermo Compression Forming Market Type ($MILLION), and Forecasts (2024 – 2030), By Process Type 9.5. APAC Thermo Compression Forming Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 9.6. APAC Thermo Compression Forming Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User 9.7. APAC Thermo Compression Forming Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 9.7.1. China 9.7.2. Japan 9.7.3. South Korea 9.7.4. India 9.7.5. Australia 9.7.6. Rest of APAC 10. LATIN AMERICA THERMO COMPRESSION FORMING MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS) 10.1. Latin America Thermo Compression Forming Historical Market ($MILLION), (2017 – 2023) 10.2. Latin America Thermo Compression Forming Market ($MILLION) and Forecasts (2024 – 2030) 10.3. Latin America Thermo Compression Forming Market Type ($MILLION), and Forecasts (2024 – 2030), By Material Type 10.4. Latin America Thermo Compression Forming Market Type ($MILLION), and Forecasts (2024 – 2030), By Process Type 10.5. Latin America Thermo Compression Forming Market Type ($MILLION), and Forecasts (2024 – 2030), By Application 10.6. Latin America Thermo Compression Forming Market Type ($MILLION), and Forecasts (2024 – 2030), By End-User 10.7. Latin America Thermo Compression Forming Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography 10.7.1. Brazil 10.7.2. Argentina 10.7.3. Rest of Latin America 11. COMPANY PROFILES: 11.1. TORAY INDUSTRIES, INC. 11.1.1. Company Overview 11.1.2. Company Snapshot 11.1.3. Operating business segments 11.1.4. Product offered and Revenue 11.1.5. Production & Sales 11.2. Hexcel Corporation 11.3. Solvay S.A. 11.4. Teijin Limited 11.5. SGL Carbon 11.6. Gurit Holding AG 11.7. Mitsubishi Chemical Corporation 11.8. OTHER MARKET PLAYERS