According to
a new market report published by Lucintel, the future of the short fiber thermoplastic (SFT) composites market looks attractive with opportunities
in the transportation, consumer goods, and electrical/electronics industries. The global short fiber thermoplastics market is
forecast to grow at a CAGR of
4.5% from 2016 to 2021. The
major drivers for the growth of this market are recyclability, ease of
processing, and better capability of making parts with complex geometry.
In this
market, fiber (glass fiber, carbon fiber) and resin (polyamide, polypropylene, and polybutylene
terephthalate) are the major raw materials used for producing short
fiber thermoplastic composites. Lucintel
predicts that the demand for SFT is likely to experience a good growth during
the forecast period supported by growing demand in end-user industries. On the
basis of comprehensive research, Lucintel forecasts that the transportation segment
is expected to show above average growth during the forecast period.
Within the SFT market, the transportation segment
is expected to remain the largest end use industry by both value and volume. Increasing
government mandates for higher fuel economy, higher strength to weight ratio, recyclability,
and ability to mold complex shapes are the major driving forces that spur
growth for SFT in this segment over the forecast period.
Glass fiber is the most commonly used reinforcement material for SFTs and
is expected to remain so over the forecast period. By resin type, polyamide based
SFT is expected to remain the largest segment by both value and volume. Growing
use of SFT in automotive under the hood applications is likely to drive the
consumption of polyamide based SFT over the forecast period.
Asia Pacific (including
Rest of the World) is expected to remain the largest market and is expected to
witness highest growth rate during the forecast period due to the anticipated growth in the end
user industries and increasing focus on high performance thermoplastic
composites.
For market
expansion, this report suggests innovation and new product development, where
the unique characteristics of SFT can be capitalized. The report further suggests the development of
partnerships with customers to create win-win situations and development of
high performance products for the end use industries.
Emerging
trends in the global SFT market which have a direct impact on the dynamics of
the industry are establishment of manufacturing facilities in high growth
markets and integration of operational capabilities. BASF SE, DSM NV, DuPont, Saudi
Basic Industries Corporation (SABIC), and Lanxess are among the major suppliers
of SFT.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed the global short fiber
thermoplastic composites market by end use application, reinforcement type, matrix
type, and region, and has come up with a comprehensive research report, “Global Short
Fiber Reinforced Thermoplastic Composites Market 2016-2021: Trends, Forecast
and Opportunity Analysis.” The
Lucintel report serves as a spring board for growth strategy as it provides a
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast of the global short fiber reinforced thermoplastic
composites market through 2021, segmented by end use application, reinforcement
type, matrix type, and region as follows:
By end-use application [Volume (M lbs) and $M
shipment analysis for 2010 – 2021]:
·
Transportation
·
Consumer Goods
·
Electrical and Electronics
·
Others
By reinforcement
type [volume (M lbs) and value $M from 2010 - 2021]:
· Glass Fiber
· Carbon Fiber
By resin type
[volume (M lbs) and value $M from 2010 - 2021]:
· Polyamide
(PA)
· Polypropylene
(PP)
· Polybutylene
Terephthalate (PBT)
· Others
By region [volume
(M lbs) and value $M from 2010 - 2021]:
· North America
· Europe
· Asia Pacific (including Rest of the World)
This 186-page 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 click
on this link http://www.lucintel.com/short_fiber_reinforced_thermoplastic_composites_market_2016.aspx
or
helpdesk@lucintel.com. Lucintel offerings include advanced
materials reports, composite
materials market report, strategic growth
consulting, market
research due diligence and business strategy
consulting.
About Lucintel
Lucintel, the premier global management
consulting and market research firm, creates winning strategy for growth. It
offers market assessments, competitive analysis, opportunity analysis, growth
consulting, M & A and due diligence services to executives and key
decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key
questions:
Q. 1 How big the opportunities for
global Short Fiber Thermoplastic (SFT) market by application, product
type, and region?
Q. 2.
Which product / segments will
grow at a faster pace and why?
Q. 3. Which region will grow at
a faster pace and why?
Q.4 What
are the key factors affecting market dynamics? What are the drivers and
challenges of the market?
Q.5 What
are the business risks and threats to this market?
Q.6 What
are the emerging trends in the SFT market and reasons behind them?
Q.7 What
are some changing demands of customers in the market?
Q.8 What
are the new developments in the market? Which companies are leading these
developments?
Q.9 Who
are the major players in this market? What strategic initiatives are taken by
key players for business growth?
Q.10 How
are the competitive rivalry and threat of substitution in this market?
Q.11
What M&A activities happened in the past years in the SFT market and its
impact.
