The global long fiber thermoplastics market is projected to reach $1.0 billion by 2025, at a CAGR of 4.6% during 2020-2025. The growth of long fiber thermoplastics market is driven by increasing demand for lightweight materials in various end use industries as well as its performance and process benefits, such higher strength to weight ratio, recyclability, and remoldablity.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the long fiber thermoplastics market by end use industry (automotive, consumer goods, industrial, and others), by material form (LFRT and D-LFT), by reinforcement type (glass fiber and carbon fiber & others), resin type (polypropylene, polyamide, and others), and region (North America, Europe, Asia Pacific and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the long fiber thermoplastics market?
Q.4 What are some changing demands of customers in the long fiber thermoplastics market?
Q.5 What are the new developments in the long fiber thermoplastics market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this long fiber thermoplastics area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this long fiber thermoplastics market?
Emerging trends, which
have a direct impact on the dynamics of the industry, include development of
polyamide based LFT/D-LFT for structural application and increasing use of bio
based materials in LFT.
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Market Segmentation:
Based on usage type, the Long fiber thermoplastics market is segmented into LFRT and D-LFT. The LFRT segment is accounted for the largest share of the market in 2020 due to increasing demand in the automotive and industrial application. The D-LFT segment is expected to witness highest growth over the forecast period due to the growing in-line part fabrication in automotive industry.
Europe is expected to be the largest region due to growing demand for lightweight and environmentally sustainable composite materials. Asia Pacific is expected to witness the highest growth during the forecast period due to the growing automotive production and increasing focus on lightweight composite materials.
Key Players in the Long fiber thermoplastics market are SABIC, RTP Company, Cytec Solvay Group, Chisso/JN, Borealis AG, TechnoCompound, Sambark, Xiamen, PolyOne, and Celanese Corporation.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies 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.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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