According to the recent study the long fiber thermoplastics market is projected to reach an estimated $1,180 million by 2030 from $949 million in 2023 at a CAGR of 3% from 2023 to 2030. Growth in this market is primarily driven by increasing demand for lightweight parts with high performance benefits in the automotive industry helped to boost the global demand for long fiber thermoplastics.
Browse 107 figures/charts
and 68 tables in this 205-page report to understand trends, opportunities and
forecast in long fiber thermoplastics market by end use (automotive, consumer
goods, industrial goods, and others), material forms (LFRT and D-LFT), fiber
type (glass fiber, carbon fiber and others), resin type (polypropylene,
polyamide, and others), and region (North America, Europe, Asia Pacific, and
the Rest of the World).
Lucintel forecasts that
automotive industry will remain the largest end use and it is also expected to
witness highest growth over the forecast period due to increasing demand for
long fiber thermoplastics based plastic products in automotive end use.
LFRT will remain the
largest segment by material form both in terms of value and volume because it
offers greater design flexibility and provides better resistance to chemicals
and corrosion. LFRT is also expected to witness the highest growth over the
forecast period.
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long
fiber thermoplastics market.
Europe is expected to
remain the largest region by value and volume and ROW is expected to experience
the highest growth over the forecast period due to growth in end uses.
SABIC, RTP Company,
Cytec Solvay Group, JNC Corporation, Borealis AG, TechnoCompound, Sambark LFT
Inc., Xiamen LFT Composites, Avient, and Celanese Corporation are among the
major long fiber thermoplastics providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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