According to the recent study the short fiber thermoplastic market is projected to reach an estimated $29 billion by 2031 from $21 billion in 2024, at a CAGR of 5% from 2024 to 2031. Growth in this market is primarily driven by increasing demand for lightweight materials in different application markets where complex parts are designed.
A more than 150-page
report to understand trends, opportunity and forecast in global short fiber
thermoplastic market by end use (transportation, consumer goods, electrical and
electronics, and others), reinforcement type (glass fiber and carbon fiber),
resin type (polypropylene, polyamide, polybutylene terephthalate and others),
and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that
transportation will remain the largest end use over the forecast period due to
increasing demand for short fiber thermoplastics based plastic products in
automotive industry. Consumer goods is expected to witness the highest growth
over the forecast period.
Glass fiber will remain
the largest segment by value and volume over the forecast period because it
offers high tensile strength and provides outstanding electrical properties.
Carbon fiber is expected to witness highest growth rate over the forecast
period.
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short
fiber thermoplastic market.
APAC is expected to
remain the largest region by value and volume and it is also expected to
witness highest gorwth over the forecast period due to growth in end uses.
BASF, DSM, DuPont,
SABIC, and Lanxess are among the major short fiber thermoplastic 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
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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