LFRT is used for a variety
of markets, such as automotive, industrial, consumer, and other. The high
performance characteristics of Long Fiber Reinforced Thermoplastics (LFRT),
compared to traditional and other competing materials, are likely to boost its demand
in different application segments. The LFRT market is shifting from a seller
“push” to a buyer “pull” situation.
SABIC
and Ticona are the market leaders with diversified product portfolios, strong
geographical reach, and strategic initiatives. Over the years,
Leading LFRT suppliers have started focusing on emerging end-use application industries,
such as transportation (heavy trucks, buses, and rails), electrical & electronics.
In last five years, suppliers have increased their production capacity in the
North America and Europe, mainly driven by combining effect of increasing
penetration level of thermoplastic composites and better cost-performance
characteristics of LFRTs. The suppliers have also started opening manufacturing
plants in high growth countries, mainly in China and Korea, which are expected
to be the prominent markets for automotive and consumer goods.
Over
the last five years, the global LFRT industry was able to counteract the
sluggish economic environment and witnessed capacity expansions as well as
development of new application areas. The investment in LFRT manufacturing over
the period of the last five years clearly indicates its acceptance level and
demand in the marketplace. All the major players in the industry have increased
their global presence and production capacities. They also have introduced
various new grades of materials to cater to the unmet needs of customer
industries.
The
companies producing LFRT are exploring market opportunities with starkly
different strategies. Lucintel, a leading global management consulting and
market research firm, has analyzed the global LFRT market and has come up with
a comprehensive research report, “Worldwide LFRT
Competitive Analysis and Leadership Study 2018.” This report offers a
full competitive analysis from target markets to product mapping, from selling
strategies to production capabilities. This report has examined and profiled
the world’s leading LFRT producers. Lucintel created profiles of each
competitor based on the following criteria:
Company overview
·
Company Description
·
Corporation Statistics
LFRT business overview
·
LFRT Overview
·
Product Portfolio
·
Key Differentiators and
Strengths
·
Key LFRT Competitors
Products and product positioning
·
Product Line Overview
·
LFRT Product Map
·
Product Positioning in Market
Segments
Markets and market positioning
·
Market Positioning in the Global LFRT
business
·
Revenue Breakdown by Market Segments
·
Revenue Breakdown by Region
Production/ Geographic Footprint
Innovation and market leadership
Marketing, sales and organizational
capabilities
·
Marketing and Sales
·
Management Commitment and Track
Record
Strategic Initiatives
Financial
Strength
The
resulting research report represents the most comprehensive strategic and
tactical assessment of the LFRT producers and competitive landscape available.
In terms of the total revenue generated by leading LFRT producers, SABIC ranks
number one, followed by Ticona. RTP, Chisso, and TechoCompound all of which are
included in the report.
The
detailed analysis of each company offers a critical view into key strategic
areas, including:
- LFRT producer target markets
- Key differentiators, strengths, competitors, and other insights
Designed
for the composites and non-composites industry professionals, financial
services firms, and users of LFRT, Lucintel's “Worldwide LFRT Competitive Analysis
and Leadership Study 2018” is the industry’s comprehensive examination of the LFRT
producers’ competitive landscape.
Collected
from a series of primary vendor interviews and secondary sources, Lucintel also
provides its own scorecard for determining which of these companies is better
aligned with future market opportunities and which has the ability to gain
additional market share. Using its proprietary research methodology, Lucintel
has developed a comparative analysis tool, the ‘Lucintel Leadership Quadrant,’
which identifies leaders and challengers in the LFRT market and rates each LFRT
producer on two primary criteria as shown below:
1. Alignment with market opportunity
2.
Ability to gain market share
Ability
to gain market share was analyzed using following parameters:
− Product portfolio
−
Financial strength
−
Asset position
− Execution skill
− Customer experience
Alignment
with market opportunity was analyzed using following parameters:
− Target growth markets
−
New product development
−
Corporate and functional strategy
− Presence within the industry
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 strategies for growth—whether you need to understand market dynamics,
identify new opportunities, or increase your profitability. 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. Over the last 20 years, Lucintel has served over 1,000
corporations in 70 countries. For further information, visit www.lucintel.com.
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