| Product Code: ETC5233300 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Cape Verde continues to rely heavily on imports of thermoplastic composites, with key suppliers like Portugal, Spain, China, Italy, and Germany dominating the market in 2024. Despite a high concentration with a high Herfindahl-Hirschman Index (HHI), the industry has shown significant growth with a CAGR of 20.14% from 2020 to 2024. However, there was a notable decline in growth rate from 2023 to 2024 at -38.56%, indicating potential challenges or shifts in the market dynamics for thermoplastic composites in Cape Verde.

The thermoplastic composites market in Cape Verde focuses on materials that are easily molded and reshaped, used in various industries such as automotive, aerospace, and construction. These composites offer benefits like recyclability and impact resistance. As industries seek sustainable and versatile materials, the market for thermoplastic composites is anticipated to grow.
The thermoplastic composites market in Cape Verde is influenced by their use in automotive and consumer goods manufacturing. The demand for materials that offer easy processing, recyclability, and high impact resistance drives the market for thermoplastic composites, which are used in applications ranging from car parts to sporting goods.
Cape Verde`s thermoplastic composites market faces challenges due to the limited demand from industries such as automotive, aerospace, and consumer goods, which are the primary consumers of thermoplastic composites. High import costs and the lack of local production capabilities further constrain market growth. Additionally, there is limited knowledge about the advantages of using thermoplastic composites for providing lightweight and high-performance materials, which can hinder market adoption and reduce the competitiveness of local suppliers.
The thermoplastic composites market in Cape Verde is shaped by government policies that support the growth of the manufacturing and automotive sectors. The government promotes the use of thermoplastic composites through incentives for local manufacturers and technology providers. Policies also include regulations to ensure the quality and performance of thermoplastic composites used in various applications. Despite supportive measures, the market faces challenges such as high production costs and limited local expertise, requiring government support for investment in technology and infrastructure.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cape Verde Thermoplastic Composites Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Thermoplastic Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Thermoplastic Composites Market - Industry Life Cycle |
3.4 Cape Verde Thermoplastic Composites Market - Porter's Five Forces |
3.5 Cape Verde Thermoplastic Composites Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.6 Cape Verde Thermoplastic Composites Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.7 Cape Verde Thermoplastic Composites Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.8 Cape Verde Thermoplastic Composites Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cape Verde Thermoplastic Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and high-performance materials in industries like aerospace, automotive, and construction |
4.2.2 Growing focus on sustainability and environmental concerns driving the adoption of thermoplastic composites |
4.2.3 Technological advancements leading to improved properties and cost-effectiveness of thermoplastic composites |
4.3 Market Restraints |
4.3.1 High initial investment and manufacturing costs associated with thermoplastic composites |
4.3.2 Limited awareness and understanding of the benefits of thermoplastic composites among end-users |
4.3.3 Challenges in recycling and disposal of thermoplastic composites leading to environmental concerns |
5 Cape Verde Thermoplastic Composites Market Trends |
6 Cape Verde Thermoplastic Composites Market Segmentations |
6.1 Cape Verde Thermoplastic Composites Market, By Resin Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Thermoplastic Composites Market Revenues & Volume, By PA, 2021-2031F |
6.1.3 Cape Verde Thermoplastic Composites Market Revenues & Volume, By PP, 2021-2031F |
6.1.4 Cape Verde Thermoplastic Composites Market Revenues & Volume, By PEEK, 2021-2031F |
6.1.5 Cape Verde Thermoplastic Composites Market Revenues & Volume, By Hybrid, 2021-2031F |
6.1.6 Cape Verde Thermoplastic Composites Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cape Verde Thermoplastic Composites Market, By Fiber Type |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Thermoplastic Composites Market Revenues & Volume, By Carbon, 2021-2031F |
6.2.3 Cape Verde Thermoplastic Composites Market Revenues & Volume, By Glass, 2021-2031F |
6.2.4 Cape Verde Thermoplastic Composites Market Revenues & Volume, By Mineral, 2021-2031F |
6.2.5 Cape Verde Thermoplastic Composites Market Revenues & Volume, By Others, 2021-2031F |
6.3 Cape Verde Thermoplastic Composites Market, By Product Type |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Thermoplastic Composites Market Revenues & Volume, By Short Fiber Thermoplastics, 2021-2031F |
6.3.3 Cape Verde Thermoplastic Composites Market Revenues & Volume, By Glass Mat Thermoplastics, 2021-2031F |
6.3.4 Cape Verde Thermoplastic Composites Market Revenues & Volume, By Long Fiber Thermoplastics, 2021-2031F |
6.3.5 Cape Verde Thermoplastic Composites Market Revenues & Volume, By Continuous Fiber Thermoplastics, 2021-2031F |
6.4 Cape Verde Thermoplastic Composites Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Cape Verde Thermoplastic Composites Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.4.3 Cape Verde Thermoplastic Composites Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.4.4 Cape Verde Thermoplastic Composites Market Revenues & Volume, By Aerospace, 2021-2031F |
6.4.5 Cape Verde Thermoplastic Composites Market Revenues & Volume, By Agriculture, 2021-2031F |
6.4.6 Cape Verde Thermoplastic Composites Market Revenues & Volume, By Marine, 2021-2031F |
6.4.7 Cape Verde Thermoplastic Composites Market Revenues & Volume, By Construction, 2021-2031F |
6.4.8 Cape Verde Thermoplastic Composites Market Revenues & Volume, By Others, 2021-2031F |
6.4.9 Cape Verde Thermoplastic Composites Market Revenues & Volume, By Others, 2021-2031F |
7 Cape Verde Thermoplastic Composites Market Import-Export Trade Statistics |
7.1 Cape Verde Thermoplastic Composites Market Export to Major Countries |
7.2 Cape Verde Thermoplastic Composites Market Imports from Major Countries |
8 Cape Verde Thermoplastic Composites Market Key Performance Indicators |
8.1 Research and development investment in thermoplastic composite materials |
8.2 Adoption rate of thermoplastic composites in key industries |
8.3 Number of partnerships and collaborations for the development of thermoplastic composite products |
8.4 Environmental impact assessment and sustainability practices related to thermoplastic composites adoption |
9 Cape Verde Thermoplastic Composites Market - Opportunity Assessment |
9.1 Cape Verde Thermoplastic Composites Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.2 Cape Verde Thermoplastic Composites Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
9.3 Cape Verde Thermoplastic Composites Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.4 Cape Verde Thermoplastic Composites Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cape Verde Thermoplastic Composites Market - Competitive Landscape |
10.1 Cape Verde Thermoplastic Composites Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Thermoplastic Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |